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Stories that are tagged 'Interest'




New Zealand Passes Closely Held Companies Bill

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

Thursday, March 23, 2017

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

 

UK Rethinking Tax On Overseas Property Investors

by Jason Gorringe, Tax-News.com, London

Thursday, March 23, 2017

The UK is considering bringing certain non-resident companies within the scope of corporation tax where they have existing UK taxable income and/or gains from the disposal of certain UK residential property interests. Read Full Story

 

Belgium Urged To Undertake Indirect Tax Shift

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, March 22, 2017

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

 

UK To Expand Double Tax Treaty Passport Scheme

by Jason Gorringe, Tax-News.com, London

Wednesday, March 22, 2017

HM Revenue and Customs is planning to make its Double Taxation Treaty Passport scheme available to all UK borrowers following a consultation on a legislative amendment. Read Full Story

 

HMRC Warns Against Disguised Tax Avoidance Scheme

by Jason Gorringe, Tax-News.com, London

Monday, March 20, 2017

HM Revenue and Customs has warned taxpayers that it will investigate anyone using a new disguised remuneration tax avoidance scheme. Read Full Story

 

HMRC Wins Another Case Against Film Finance Arrangement

by Jason Gorringe, Tax-News.com, London

Friday, March 17, 2017

HM Revenue and Customs has won a tax avoidance case against film partnership schemes that acquired interests in films that included The Queen and the Roman Polanski remake of Oliver Twist, protecting more than GBP26m (USD32.2m) of taxpayers' money. Read Full Story

 

Singapore Cuts Stamp Duty On Speculative Property Investment

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

Friday, March 17, 2017

Singapore has eased stamp duty rates on properties sold soon after they are purchased. Read Full Story

 

IRS Issues Report On Low Income Taxpayer Clinic

by Mike Godfrey, Tax-News.com, Washington

Tuesday, March 14, 2017

Low Income Taxpayer Clinics in the United States helped almost 20,000 taxpayers in disputes with the Internal Revenue Service in 2015, eliminating more than USD64m in tax liabilities, penalties, and interest. Read Full Story

 

Swiss Federal Council Approves WHT Reforms

by Ulrika Lomas, Tax-News.com, Brussels

Friday, March 10, 2017

Changes to Switzerland's Withholding Tax Ordinance will enter into force on April 1, with the aim of facilitating group financing activities. Read Full Story

 

More Tax Hikes For UK Taxpayers In 2017 Budget

by Jason Gorringe, Tax-News.com, London

Thursday, March 9, 2017

The UK Budget, released on March 9, 2017, featured tax measures to, among other things, hike taxes on self-employed workers, further close avenues for legal avoidance, and defer mandatory digital tax reporting until April 2019. Read Full Story

 

 

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