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Belgium should reduce its high corporate income and labor taxes and eliminate value-added tax concessions, the International Monetary Fund has said in its Article IV report for the country. Read Full Story
Australia's Financial Services Council has called for a simple, flat rate of withholding tax to be made available for Australian funds entering the Asia Region Funds Passport. Read Full Story
Scotland's decision to set different income tax bands from the rest of the UK is likely to result in increased complexity for some Scottish taxpayers, says the Chartered Institute of Taxation. Read Full Story
South Africa's 2017-18 Budget, announced by Minister of Finance Pravin Gordhan on February 22, has had to resort to tax hikes, particularly on the wealthy, in order to stabilize the country's fiscal position. Read Full Story
British Columbia is to phase out the provincial sales tax on electricity and reduce the small business tax rate. Read Full Story
On February 17, Hong Kong and Pakistan signed a comprehensive double taxation agreement, which sets out the allocation of taxing rights between the two jurisdictions and will aid the assessment of tax liabilities arising out of cross-border economic activities. Read Full Story
The South African Revenue Service has issued a revised binding general ruling that identifies the taxes administered by the agency that constitute taxes on income for the purposes of South Africa's double taxation agreements. Read Full Story
The UK Government should raise taxes on self-employed persons, according to a study from the Institute of Fiscal Studies, which says employees pay GBP1,240 (USD1,550) more in tax a year on average on the same income. Read Full Story
New research by The Australia Institute, a think tank, has questioned whether the country must really lower its corporate tax rates to attract foreign investment. Read Full Story
Estonia's new Government is planning a range of tax reforms aimed at encouraging corporate investment and reducing the tax burden for lower earners, the IMF has said in its Article IV report. Read Full Story
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