On April 1, Italy's Minister of the Economy and Finance, Pier Carlo Padoan, signed two decrees that modify Italy's "black lists," and announced on the same day that Italy and the Vatican had signed their previously agreed tax information exchange agreement.Read Full Story
Indirect taxes are becoming the weapon of choice for Governments seeking new revenues, according to a new report from audit, tax, and advisory firm KPMG.Read Full Story
The International Monetary Fund has appealed to authorities in Aruba to draft immediate corrective measures to counter the rising deficit, potentially through the introduction of a value-added tax. Read Full Story
In demonstrating its commitment to enhancing international relations, the Government of the British Virgin Islands has in place a total of 24 Tax Information Exchange Agreements, having signed its most recent agreement with the Government of Canada on May 21,2013.Read Full Story
Twelve territories have newly signed, or committed to sign, the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, while another six countries have deposited their instruments of ratification, at a ceremony at the Organization for Economic Cooperation and Development.Read Full Story
The International Monetary Fund has stressed the importance for Caribbean territory Aruba to draw up fiscal plans to tackle its mounting deficit, potentially with the introduction of value-added tax by 2015.Read Full Story
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