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As widely predicted, independent centrist Emmanuel Macron and former nationalist party leader Marine Le Pen gained the most votes in the preliminary round of the French Presidential election on April 23, and go forward to run-off election on May 7. Both candidates have pledged changes to French taxes if elected President. Read Full Story
German Finance Minister Wolfgang Schauble has said that he is unconcerned about the prospect of a substantial fall in the United States corporate tax rate. Read Full Story
China has renewed anti-dumping duties on certain types of optical fiber from the United States and the European Union. Read Full Story
The European Commission has endorsed the UK Government's introduction of a 10 percent levy on bookmakers' profits from UK wagers on horseraces taking place in the UK. Read Full Story
Online VAT fraud and error cost the British taxpayer between GBP1bn (USD1.3bn) and GBP1.5bn in lost tax revenue in 2015-16, according to a new report from the National Audit Office. Read Full Story
Jean-Luc Melenchon, the far-left candidate in France's presidential race, is promising to impose a 100 percent tax on high incomes to promote more income equality in France. Read Full Story
The European Commission has launched a consultation on possible options for changing the rules on the structures of excise duty applied to alcohol and alcoholic beverages. Read Full Story
UK Prime Minister Theresa May has announced that she is to call an election on June 8, saying the move will strengthen the Conservative Party's position in Brexit discussions. Read Full Story
Canada's federal, provincial, and territorial governments have signed a new free trade agreement, which will reduce internal barriers to trade, investment, and worker mobility. Read Full Story
A second whistleblower involved in the "LuxLeaks" affair has announced that he intends to continue appealing against his criminal conviction. Read Full Story
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