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The Australian Government has released draft legislation which expands the tax relief available to superannuation funds when making mandatory transfers of assets as part of the transition to new retirement account rules. Read Full Story
The EU member states taking part in the proposed EU financial transactions tax will decide next month whether or not to proceed with the controversial tax, according to Austrian Finance Minister Hans Joerg Schelling. 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 Australian Government will introduce a new tax exemption for superannuation funds and life insurance companies offering innovative income stream products. Read Full Story
The Australian Taxation Office has published three Law Companion Guidelines, which explain recent changes to superannuation taxation. Read Full Story
Australian Prime Minister Malcolm Turnbull has described the argument for a goods and services tax hike as flawed. Read Full Story
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
Low earners will be particularly hit by the planned reduction in the pension money purchase annual allowance (MPAA) from GBP10,000 (USD12,410) to GBP4,000 a year this April, campaigners have warned. Read Full Story
The Australian Taxation Office has issued guidance on changes to the spouse tax offset that will enter into force on July 1. Read Full Story
The UK Government is to review thousands of decisions on tax credits following the termination of a contract with private sector firm Concentrix. Read Full Story
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