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International Tax »

IRS Should Improve Efficiency To Counteract Reduced Funding

The United States Government Accountability Office has released a report that points out that, while the Internal Revenue Service has suffered around US900m in budget cuts over the past four years, there are further opportunities for it to achieve greater efficiency. Continue Reading »

International Law »

French HGV Tax Would Target Foreign Vehicles, Royal Says

France's Ecology Minister Ségolène Royal wants to abandon plans for a national kilometric tax on all heavy goods vehicles, and instead devise a levy on foreign trucks that use the nation's road network. Continue Reading »

Politics & Economics »

Austrian Wages Frozen Due To Stealth Taxation

The Austrian Government will collect about EUR2.65bn (USD3.7bn) this year in stealth tax, compared with EUR2.24bn last year, according to Austrian economic research institute GAW. Continue Reading »

Offshore »

UK Gov't Says Reforms Have Boosted UK's Appeal

UK Prime Minister David Cameron and Chancellor George Osborne have said their "unpopular" tax decisions have made Britain more competitive for businesses, and that, despite tax cuts, more revenue is being received from the wealthiest taxpayers. Continue Reading »

Business »

Italy Collecting 2013 Spesometro Transaction Data

The Italian Revenue Agency is now collecting the sales transaction data for 2013 under its 'spesometro' initiative, which is aimed at establishing a database to check taxpayers' spending against their declared income to increase tax compliance rates. Continue Reading »

E-Commerce »

Canada, Israel Launch First Round Of Trade Talks

Negotiators began a round of talks less than two weeks after Canada and Israel announced that they would modernize their free trade agreement. Continue Reading »

Aviation »

EU Aviation Emissions Trading Delay Welcomed

John Thune, Ranking Member of the United States Senate Committee on Commerce, Science, and Transportation, has commended the European Parliament on its decision to extend further, until 2017, the moratorium on aviation emission taxes on international flights into and out of the European Union. Continue Reading »

Marine »

Luxembourg Lowers Shipping Registration Levy

The Luxembourg Government has approved a draft grand ducal regulation lowering registration duties, calculated with reference to the vessel's tonnage, on the first registration of a ship in Luxembourg. Continue Reading »

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