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International Tax »

US Study Compares Worldwide Corporate Tax Rates

The Tax Foundation has issued a paper which shows how the United States corporate income tax rate, now the highest among the 34 industrialized nations of the Organization for Economic Cooperation and Development, ranks against all of the countries and other tax jurisdictions throughout the world. Continue Reading »

International Law »

Ghanaian Government Asked To Tighten Up On Transfer Pricing

Enhancing tax incentives and training of the Ghana Revenue Authority are key to the prevention of tax evasion and abuse of transfer pricing law, Omane-Antwi, Professor at Ghanaian Pentecost University, told a seminar in Accra last week. Continue Reading »

Politics & Economics »

Bahamas' FM Fleshes Out Value-Added Tax Plans

Bahamas Minister of State for Finance Michael Halkitis updated Parliament on progress towards the introduction of value-added tax from January 1, 2015, and disclosed a number of new details during Parliament's second reading of the Value Added Tax Bill 2014. Continue Reading »

Offshore »

Australian Racing Body Aims To Stop Punters Migrating Offshore

A new trial program announced by governing body Racing Victoria aims to prevent "High Volume, Low Margin" punters from moving their betting activity to unlicensed offshore operators who avoid paying Australian state taxes and goods and services tax. Continue Reading »

Business »

Canada Taking Tax Administration Online

Business owners registered under Canada's Business Accounts program will be able to pay taxes online for the first time through the platform from October, after a two-fold increase in uptake, Revenue Minister Kerry-Lynne Findlay has said. Continue Reading »

E-Commerce »

South Korea Plans Overhaul Of Taxes On Corporates

South Korea's Ministry of Strategy and Finance has announced its tax revision proposals for this year, confirming that it plans to introduce a tax on companies' additional cash reserves. 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 »

HMRC Withdraws Fuel Duty Exemption

HM Revenue and Customs has announced the end of an exemption from fuel duty for the transport of staff members or business clients by corporate jet, helicopter or marine vessel, following the outcome of two cases at the European Court of Justice. Continue Reading »

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