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International Tax »

IRS Advised To Improve Its Controls Over Tax Information

Management oversight and internal controls at the Internal Revenue Service's Office of Safeguards should be improved to ensure the effective protection of United States federal tax information, according to an audit report released publicly by the Treasury Inspector General for Tax Administration. Continue Reading »

International Law »

Romania Warned By EU On Taxation Of Foreign Companies

The European Commission has asked Romania to stop the discriminatory tax treatment of foreign legal entities. Continue Reading »

Politics & Economics »

Italian Cabinet Approves 2015 Tax Cuts

The Italian Cabinet approved on October 15, 2014, the Government's Budget for 2015, which contains EUR18bn (USD23bn) in tax cuts. Continue Reading »

Offshore »

ATO Commissioner Urges Int'l Collaboration On BEPS

An unprecedented international collaboration is needed to replace a single, isolated country view with a global view to tackling base erosion and profit shifting, Andrew Mills, Second Commissioner, Australian Taxation Office's Law Design and Practice, has said. Continue Reading »

Business »

British Firms Call For Improved Research Tax Incentives

The Confederation of British Industry has urged the UK to "supercharge" its research and development tax credit regime. Continue Reading »

E-Commerce »

Short-term Extension For US Internet Tax Moratorium

The United States House of Representatives and the Senate have agreed a short-term extension to the Internet Tax Freedom Act until December 11, 2014. 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 »

Canada, South Korea Sign Landmark Free Trade Deal

Nine years after negotiations began, Canada and South Korea have signed a free trade agreement that will eliminate duties on nearly all tariff lines. Continue Reading »

World Budget News and Information


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