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Americans for Affordable Products, a business coalition that opposes the proposed border adjustment tax, has responded to the February 21 letter to leading US lawmakers from the American Made Coalition supporting border adjustability. Read Full Story
The European Union has welcomed the entry into force of the WTO Trade Facilitation Agreement, which aims to modernize and simplify customs and border procedures. Read Full Story
New Zealand's Inland Revenue Department has issued guidance on when income from professional services is derived for tax accounting purposes. 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 21, 2017, the European Council reached a compromise on a new Directive aimed at closing down hybrid mismatches between EU tax systems and those of non-EU countries. Read Full Story
The Australian Taxation Office has issued a further two taxpayer alerts warning against the incorrect use of the Research and Development Tax Incentive. Read Full Story
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
New Zealand is allowing businesses in the upper South Island and Greater Wellington areas hit by last year's earthquake and aftershocks to replace assets lost in the earthquake without immediately incurring a tax bill. 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
Singapore's Finance Minister, Heng Swee Keat, has presented the country's latest budget, which includes proposals for a new safe harbor rule and a preferential intellectual property tax regime. Read Full Story
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