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International Tax »

US Ratifies WTO Trade Facilitation Pact

The United States has taken the final step to implement the World Trade Organization's Trade Facilitation Agreement, according to an announcement from the Office of the United States Trade Representative. Continue Reading »

International Law »

Guidance From Bahamas On VAT Returns

The Bahamas Ministry of Finance has released new guidance to support businesses in completing their first value-added tax return. Continue Reading »

Politics & Economics »

HMRC Must Prepare For IT System Switch, Says PAC

HM Revenue and Customs faces an enormous challenge in switching suppliers of its online tax collection systems by 2017, according to the UK's Public Accounts Committee. Continue Reading »

Offshore »

Dubai Customs Inks MoU With New Free Zone

The customs framework for a soon-to-be-launched free zone, Dubai Design District (d3), has been agreed in a new memorandum of understanding between Dubai Customs and the Dubai Media Free Zone Authority. Continue Reading »

Business »

Canada, Ukraine Pledge To Renew Trade Talks

"Canada and Ukraine are actively engaged in negotiations toward concluding a free trade agreement as soon as possible," Canada's International Trade Minister, Ed Fast, has said. Continue Reading »

E-Commerce »

Amazon Acts Over Vermont's 'Click-Through' Sales Tax

In what is being seen as a reaction to Vermont's online sales tax legislation, Amazon has added the state to the list of states in which it will not operate its United States associates advertising program. Continue Reading »

Aviation »

South Korea Launches Emissions Trading Scheme

South Korea's carbon emissions trading scheme, a key component of the Government's plan to cut greenhouse gas emissions, became operational on January 12, 2015. Continue Reading »

Marine »

Norway's Commission Recommends Corporate Tax Rate Cut

The Tax Commission, appointed by the Government in March last year to review corporate taxation in Norway in light of international developments, submitted its report on December 2. Continue Reading »

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