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International Tax »

UK Oil And Gas Authority Makes Tax Recommendations

The UK's new Oil and Gas Authority has said that the overall tax burden on the industry will need to fall as the cost of tapping reserves rises. Continue Reading »

International Law »

Germany Referred To ECJ Over VAT Exemption For Shared Services

The European Commission has referred Germany to the European Court of Justice for its failure to comply with European Union law on value-added tax exemptions for shared services. Continue Reading »


Politics & Economics »

EC Gives France More Time To Reduce Deficit

The European Commission has reviewed the progress being made by France, Italy, and Belgium to comply with the Stability and Growth Pact. Continue Reading »

Offshore »

Seychelles Signs Multilateral Tax Cooperation Treaty

On February 24, Seychelles became the 85th signatory of the Organisation for Economic Co-operation and Development's Multilateral Convention on Mutual Administrative Assistance in Tax Matters. Continue Reading »


Business »

IRS Providing Record-Low Taxpayer Service

National Taxpayer Advocate Nina Olson has testified that US taxpayers are receiving "the worst levels of taxpayer service" from the Internal Revenue Service since records began in 2001. Continue Reading »

E-Commerce »

China, South Korea Initial FTA

On February 25, 2015, China and South Korea initialed the text of their free trade agreement, negotiations towards which began in May 2012 and were completed in November last year during a meeting in Beijing. Continue Reading »


Aviation »

WTO To Hear EU-Washington State Tax Dispute

The World Trade Organization's Dispute Settlement Body established a panel on February 23, 2015, to study a complaint by the European Union against the United States over alleged tax incentives for the manufacturing of large commercial aircraft. Continue Reading »

Marine »

Singapore Extends Maritime Tax Incentives

In his 2015 budget speech, Singapore's Finance Minister, Tharman Shanmugaratnam, announced support for Singapore as an international maritime hub by extending the Maritime Sector Incentive. Continue Reading »

World Budget News and Information

 

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