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Stories that are tagged 'Banking'




Australian Bankers Defend Tax Record

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

Last updated 14 hours ago | Wednesday, June 28, 2017

The Australian Bankers' Association has published a new report which it says shows that banks are among the highest corporate taxpayers in the country. Read Full Story

 

Turnbull Comments On South Australia's Bank Tax Plan

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

Friday, June 23, 2017

Australia's federal Prime Minister, Malcolm Turnbull, has questioned whether the introduction of a new bank levy in the state of South Australia will harm the state's competitiveness. Read Full Story

 

Australian Bankers Criticize New Provincial Levy Plan

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

Thursday, June 22, 2017

The Australian Bankers' Association has criticized the South Australian Government for proposing a new tax on the industry, days after a federal levy was passed by Parliament. Read Full Story

 

Australian Senate Passes Bank Levy

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

Tuesday, June 20, 2017

The Australian Government's major bank levy will enter into force on July 1, and is expected to raise around AUD6.2bn (USD4.7bn) in revenue over the next four years. Read Full Story

 

Germany Counts Cost Of Securities Tax Refund Scandal

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 14, 2017

A recent report claims that Germany has lost almost EUR32bn in tax revenue from taxpayers claiming multiple tax refunds on securities transactions, through an arrangement which has since been outlawed by parliament. Read Full Story

 

Switzerland To Ease Tax Burden On Banks

by Ulrika Lomas, Tax-news.com, Brussels

Monday, June 12, 2017

The Swiss Federal Council has launched a consultation on measures designed to prevent the "Too-Big-to-Fail" regime for banks from imposing an increased tax burden on the sector. Read Full Story

 

Juncker Grilled By European Parliament Tax Committee

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 7, 2017

Jean-Claude Juncker has asked members of the European Parliament to judge him on his record on tackling tax avoidance and evasion as the current President of the European commission, not in his previous roles in the Luxembourg Government. Read Full Story

 

Morrison Defends New Australian Bank Levy

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

Tuesday, May 30, 2017

Australian Treasurer Scott Morrison has said that his proposed new "major bank levy" represents "a fair contribution by the banking sector," and should not give banks "an excuse to increase costs for their customers." Read Full Story

 

IMF Voices Concerns About Polish Bank Tax

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, May 30, 2017

The International Monetary Fund has reiterated its concern that Poland's bank asset tax will undermine credit expansion and economic growth. 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

 

 

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