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Stories that are tagged 'accounting'

Panama Must Continue To Improve Transparency: IMF

by Mike Godfrey,, Washington

Last updated 26 hours ago | Monday, March 27, 2017

Panama must continue to improve tax transparency and how it exchanges information relevant in tax matters to sustain growth in its economy, the International Monetary Fund has said. Read Full Story


Canadian Budget Focuses On 'Tax Fairness'

by Mike Godfrey,, Washington

Thursday, March 23, 2017

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


IRS Offers Storm-Hit Firms More Time To Request Filing Deferral

by Mike Godfrey,, Washington

Thursday, March 16, 2017

The Internal Revenue Service has granted those businesses affected by Winter Storm Stella additional time to request a six-month extension to file their 2016 federal income tax returns. Read Full Story


IRS Issues Report On Low Income Taxpayer Clinic

by Mike Godfrey,, 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


Shanghai FTZ To Liberalize Investment Restrictions

by Mary Swire,, Hong Kong

Friday, March 10, 2017

Foreign investment restrictions on manufacturing and certain services are to be eased at the China (Shanghai) Pilot Free Trade Zone this year. Read Full Story


More Tax Hikes For UK Taxpayers In 2017 Budget

by Jason Gorringe,, 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


Laos Must Broaden Tax Base, Strengthen Administration: IMF

by Mary Swire,, Hong Kong

Thursday, February 23, 2017

Laos should increase its revenues by broadening the tax base, reducing exemptions, and strengthening tax administration, the International Monetary Fund said in its Article IV Report for the country. Read Full Story


New Zealand Clarifies Tax Rules For Professional Services

by Mary Swire,, Hong Kong

Wednesday, February 22, 2017

New Zealand's Inland Revenue Department has issued guidance on when income from professional services is derived for tax accounting purposes. Read Full Story


UK SMEs Not Ready For Digital, Quarterly Reporting: Survey

by Jason Gorringe,, London

Tuesday, February 21, 2017

Small- and medium-size enterprises will need to make significant changes to comply with HM Revenue and Customs's (HMRC's) Making Tax Digital project, says a new survey. Read Full Story


UK VAT Flat Rate Scheme Changes Too Far-reaching, Warn Tax Experts

by Jason Gorringe,, London

Friday, February 17, 2017

HM Revenue and Customs's new measure to crackdown on abuse of a VAT simplification scheme for small businesses may be ineffective and have unwelcome consequences for tax-compliant businesses, the Chartered Institute of Taxation has said. Read Full Story




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