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International Tax »

Osborne To Scrap Tax Credit Reforms

UK Chancellor George Osborne has announced that he will scrap proposed changes to the tax credits system and published details of his plans for an apprenticeship levy as part of the 2015 Autumn Statement. Continue Reading »

International Law »

Singapore Updates On Income Tax Bill Consultation

Singapore's Ministry of Finance has accepted 31 of the 70 suggestions received during a public consultation on the draft Income (Amendment) Tax Bill 2016. Continue Reading »

Politics & Economics »

Italy Cancels Possible 2016 Corporate Tax Cut

Italy's Premier, Matteo Renzi, has confirmed that his Government will not be able to cut the rate of corporate tax in 2016, as any available funds will be needed for increased security spending. Continue Reading »

Offshore »

Israel Joins International Efforts To Tackle Tax Evasion

Israel signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters on November 24, 2015, making it the 91st jurisdiction to join the world's leading instrument for boosting transparency and combating offshore tax evasion. Continue Reading »

Business »

Switzerland, Brazil Sign TIEA

Brazil is to remove Switzerland from its "blacklist" after the two countries signed a tax information exchange agreement. 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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