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Politics & Economics News




Smaller Businesses Less Prepared For UAE GST

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, May 24, 2017

According to a survey conducted earlier this month, more than half of businesses based in the United Arab Emirates do not have an implementation strategy in place for the forthcoming introduction of VAT in the territory from January 2018. Read Full Story

 

Australian Banks Count Cost Of New Levy

by Mary Swire, Tax-news.com, Hong Kong

Tuesday, May 23, 2017

Two more of Australia's largest banks have begun assessing the impact of the new bank levy, with NAB expecting an annual hit of AUD350m (USD262.1m) and Commonwealth Bank estimating that the tax will cost it AUD315m a year. Read Full Story

 

 

Canadian Taxpayers Federation Criticizes Gasoline Taxes

by Mike Godfrey, Tax-news.com, Washington

Tuesday, May 23, 2017

The Canadian Taxpayers Federation has called on the federal Government to end the practice of applying the HST/GST to gasoline after provincial and federal excise taxes have already been charged. Read Full Story

 

Westpac: We Will Have To Pass On Aus Bank Levy

by Mary Swire, Tax-news.com, Hong Kong

Monday, May 22, 2017

Westpac has said that Australia's new bank levy will cost it around AUD370m (USD275.7m) a year, and warned that "no company can simply 'absorb' a new tax." Read Full Story

 

 

Australian Treasury Promises More Info On Bank Levy

by Mary Swire, Tax-news.com, Hong Kong

Thursday, May 18, 2017

The Australian Treasury has said that it will compile a regulatory impact statement on the proposed new bank levy, following criticisms from the institutions affected. Read Full Story

 

IMF Calls On Ireland To Expand Tax Base

by Jason Gorringe, Tax-news.com, London

Monday, May 15, 2017

The IMF has urged Ireland to ensure that it has a broad tax base, particularly in the context of international tax reform and domestic pressures to reform the Universal Social Charge. Read Full Story