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International Tax »

TTIP Deal 'Undoubtedly Beneficial' For EU, Says UK

UK Prime Minister David Cameron has called on European businesses to unite to "bust the myths" around the Transatlantic Trade and Investment Partnership negotiations, describing the proposed deal as "a free boost to the European economy." Continue Reading »

International Law »

German Court Orders Inheritance Tax Overhaul

Germany's Federal Constitutional Court on December 17, 2014, ordered the Government to make changes to a law that grants inheritance tax breaks to family businesses. Continue Reading »

Politics & Economics »

Koskinen Warns Of IRS Budget Squeeze Effects

Internal Revenue Service Commissioner John Koskinen has repeated warnings that, as well as a further curtailment to taxpayer services next year, the continuing reduction in the agency's Budget for 2015 will also affect the filing season due to start in February. Continue Reading »

Offshore »

Few Changes In British Virgin Islands' 2015 Budget

The Government of the British Virgin Islands has announced a number of measures in the 2015 Budget to expand the territory's revenue base. Continue Reading »

Business »

Internet Tax Out Of The Question Despite US Reforms

Ron Wyden, the outgoing Senate Finance Committee Chairman and the author of the Internet Tax Freedom Act, has said that proposals to reclassify Internet access services could not lead to the introduction of new taxes or fees on the Internet by the back door. Continue Reading »

E-Commerce »

States Lose Patience Over US Internet Sales Tax

The National Conference of State Legislatures has sent a letter to House of Representatives Speaker John Boehner, expressing its "disappointment and frustration" with his announcement ruling out passage of the Marketplace Fairness Act during the current lame-duck session in the US Congress. Continue Reading »

Aviation »

China Hikes Fuel Taxes, Cuts Retail Prices

While China's Ministry of Finance and State Administration of Taxation decided to increase consumption tax rates on fuel products with effect from December 13, the National Development and Reform Commission had already announced reduced gasoline and diesel retail prices. 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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