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International Tax »

No EC Verdict On Apple Ruling Before Christmas

Irish Finance Minister Michael Noonan has said that he no longer expects that the European Commission will release its decision on the legality of a tax ruling provided to Apple before Christmas. Continue Reading »

International Law »

New Zealand Minister Outlines Anti-BEPS Plans

New Zealand will take steps to prevent base erosion and profit shifting while at the same time ensuring that the country continues to be a good place to do business, Todd McClay, Minister of Revenue, has said. Continue Reading »

Politics & Economics »

Finnish Tax Reform Broadly Revenue Neutral: IMF

The tax policy measures in Finland's latest Budget will only have a small impact on revenue, according to the International Monetary Fund. Continue Reading »

Offshore »

Hong Kong Adapts To Global Tax Developments

Hong Kong's Secretary for Financial Services and the Treasury, K C Chan, has emphasized that the Government is committed to complying with the latest international tax developments, including on tax transparency and tackling base erosion and profit shifting. Continue Reading »

Business »

UK Entrepreneurs' Relief Claims Hit Record High

There was a 27 percent increase in the number of UK business owners using Entrepreneurs' Relief to reduce the tax they paid on the disposal of their companies in 2013-14, according to accountancy firm Moore Stephens. Continue Reading »

E-Commerce »

Singapore, Turkey Sign Free Trade Deal

The finance ministers of Singapore and Turkey have signed a comprehensive bilateral free trade agreement that will remove the majority of taxes on trade between the two countries over the coming years. Continue Reading »

Aviation »

US Accountants Consider New Revenue Standards

The Financial Reporting Executive Committee of the American Institute of Certified Public Accountants has released working drafts on issues relating to the new accounting standard on the recognition of revenue from contracts with customers. Continue Reading »

Marine »

Norway Receives Approval To Keep Maritime Sector Tax Breaks

The EFTA Surveillance Authority on October 28, 2015, approved a six-month extension for a Norwegian aid scheme that provides tax refunds to seafarers. Continue Reading »

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