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International Tax »

Wright Medical To Invert To The Netherlands

Medical device companies Wright Medical Group Inc. and Tornier NV have agreed to merge in an all stock USD3.3bn transaction that will involve the transfer of Wright's tax domicile from the US to the Netherlands. Continue Reading »

International Law »

Automatic Info Exchange Moves A Step Closer

On October 29, 2014, 51 jurisdictions signed a Multilateral Competent Authority Agreement on the automatic exchange of information that will enable "early adopters" to begin sharing data by September 2017. Continue Reading »


Politics & Economics »

Italy In EU Deficit Compromise

The Italian Government has responded to the European Commission's concerns over the extent of its less-than-programmed fiscal deficit reduction in 2015, by offering to compromise by utilizing funds from various existing sources. Continue Reading »

Offshore »

Chiquita To Merge After Cancelled Inversion With Fyffes

US banana producer and distributor Chiquita has decided to terminate its proposed inversion with its rival Fyffes, in a deal which would have involved moving its tax residence to Ireland, and will instead be acquired. Continue Reading »


Business »

Concern At IRS Use of Civil Asset Forfeiture Laws

Following a recent report in The New York Times, lawmakers have expressed concerns about the Internal Revenue Service's use of civil asset forfeiture laws to seize the assets of small business owners. Continue Reading »

E-Commerce »

China Planning Additional Free Trade Zones

Chinese President Xi Jinping has said that, after more than a year since Shanghai's pilot free trade zone was first launched, its example should now be copied in more provinces as soon as possible. Continue Reading »


Aviation »

Taiwanese Special Scheme For Foreign Firms Time Limited

The Ministry of Finance has reminded foreign companies engaged in certain industries in Taiwan that there is a time limit on the availability of the percentage expenses deduction allowed under Article 25 of the country's Income Tax Act. Continue Reading »

Marine »

Canada, South Korea Sign Landmark Free Trade Deal

Nine years after negotiations began, Canada and South Korea have signed a free trade agreement that will eliminate duties on nearly all tariff lines. Continue Reading »

World Budget News and Information

 

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