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Romania risks missing its fiscal consolidation targets because of overly generous fiscal policies, the International Monetary Fund has said. Read Full Story
African tax officials have attended a four-day workshop organized by the African Minerals Development Centre to improve their understanding of transfer pricing issues facing the mineral sector. Read Full Story
Lawmakers in New Zealand have approved legislation that would improve, strengthen, and update the rules for closely held companies, non-resident withholding tax and the approved issuer levy, and the goods and services tax rules. Read Full Story
Switzerland and Pakistan on March 21 signed an updated double tax agreement. Read Full Story
The Association of Superannuation Funds of Australia has called on the Government to better fund the tax office to audit business for unpaid superannuation entitlements. Read Full Story
The tax measures contained Canadian Finance Minister Bill Morneau's second Budget are focused on closing loopholes, cracking down on tax evasion, and improving tax reliefs for the "middle class." Read Full Story
The UK Government is planning to take tougher action against those who withhold information from the tax authority on grey market activities. Read Full Story
The European Ombudsman has supported the European Commission's decision to close an infringement complaint against a court ruling concerning the Spanish value-added tax system. Read Full Story
The EU's Economic and Financial Affairs Council has discussed two new Commission proposals for value-added tax reform. Read Full Story
Representatives from the Philippines' major business organizations have expressed support for House Bill No. 4774, which includes measures to make the tax system simple, equitable, and efficient for small taxpayers. Read Full Story
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