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TAX
NEWS: BUSINESS, TAXATION AND OFFSHORE
Darling Announces Major Turnaround In 10p Tax Rate Row,
by Amanda Banks, Tax-News.com, London15/05/2008
UK Chancellor Alistair Darling this week announced a major move which, it was hoped, would end the row over the abolition of the 10p tax rate.
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Baucus Seeks Simpler, Fairer US Tax Code,
by Mike Godfrey, Tax-News.com, Washington
15/05/2008
Senate Finance Committee Chairman Max Baucus (D-Mont) on Tuesday pressed a panel of tax experts on the issue of individual tax reform, including social policies in the tax code and ways to improve American economic competitiveness.
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Brazilian Finance Minister Pledges Tax Cuts,
by Mike Godfrey, Tax-News.com, Washington15/05/2008
It emerged this week that the Brazilian government of President Luiz Inácio Lula da Silva plans to deliver BRL21.4bn in tax cuts to favored industries in the period to 2011, in order to boost exports.
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