 |
UK MPs Critical Of HMRC Compliance Activity 5/25/2012 Cutting staff numbers has cost HM Revenue and Customs GBP1.1bn (USD1.7bn) in revenue over the past five years, a group of UK lawmakers has said in a report that also chastises HMRC for allegedly encouraging the use of tax avoidance schemes by senior public sector employees.
|
 |
IRS Plugs Small Businesses Tax Credits 5/25/2012 The United States Internal Revenue Service is encouraging small business
owners to check out two tax credits and a special relief programme that could
provide them with significant tax benefits during 2012.
|
 |
Philippines Achieves Record Fiscal Surplus In April 5/24/2012 The government of the Philippines saw a record fiscal surplus in April 2012,
due to continued double-digit growth in revenue collections which were more than
enough to support accelerated public spending.
|
 |
NZ Tax Refunds Agents Under Scrutiny 5/23/2012 The practices of New Zealand's tax refund agents have come under the microscope, with the Commerce Commission warning that they may be failing to meet their obligations under the Fair Trading Act.
|
 |
France Extends Deadlines For Online Returns 5/23/2012 The French finance ministry has recently confirmed details of extended reporting
deadlines for 2011 income tax returns submitted online.
|
 |
Antigua And Barbuda Highlights Cash Declaration Law 5/22/2012 The government of Antigua and Barbuda has reminded travellers
to and from the nation of the need to declare cash amounts valued at more than
USD10,000.
|
 |
Boehner Backs Anti-Saverin 'Ex-PATRIOT' Bill 5/23/2012 In a television interview, the Speaker of the US House of Representatives John Boehner has surprisingly come out in favour of the bill introduced in
the Senate which is aimed against those who renounce their United States citizenship
to avoid paying taxes.
|
|
IRS Further Expands Its 'Fresh Start' Initiative 5/23/2012 The United States Internal Revenue Service has announced another expansion
of its 'Fresh Start' initiative by offering more flexible terms under its
Offer in Compromise programme.
|
|
NZ Accountants Call For Simpler Small Business Tax 5/18/2012 New Zealand’s tax system has become overly complex, the country’s Institute of Chartered Accountants has said, calling for simplification of the rules for small businesses and setting out proposals for reform.
|
|
IRS Told To Improve FATCA Plans 5/21/2012 The United States Government Accountability Office has disclosed that, as
the implementation of the Foreign Account Tax Compliance Act should provide
the Internal Revenue Service with a substantial amount of new information,
Congress has asked for a review of how it plans to manage that information.
|
 |
Monti Defends Italian Tax Collectors 5/18/2012 In his remarks during a meeting with the management of the Italian Revenue Agency
and Equitalia (which collects the country’s taxes), the Italian Prime Minister
Mario Monti emphasized that it had to be recognized that the payment of their
taxes was everybody’s duty, before it could be possible to reduce the overall
tax burden.
|
 |
Congress Studies IRS's Treatment Of Charities 5/21/2012 The Oversight Subcommittee of the House of Representatives Ways and Means
Committee has held a hearing on current issues related to United States tax-exempt
organizations, including the compliance initiatives of the Internal Revenue Service related, in particular, to recent efforts for tax-exempt organizations to
design and implement good governance standards.
|
 |
House Passes State Tax Simplification Bill 5/18/2012 The United States House of Representatives has passed, on a bipartisan basis with
a voice vote, a bill which would simplify tax reporting requirements for those
workers who are employed in multiple state jurisdictions.
|
 |
Austria, Luxembourg Block EU Savings Tax Proposals 5/18/2012 Much to the deep annoyance and extreme frustration of European Union Tax Commissioner
Algirdas Semeta, Austria and Luxembourg have blocked the European Commission’s
plans to negotiate new and stronger savings tax agreements with Switzerland, Monaco,
Liechtenstein, Andorra and San Marino, aimed at strengthening cooperation in tax
matters.
|
 |
EU Hails ETS Aviation Compliance Rate 5/18/2012 The European Commission has claimed early success with the extension of the European Union's Emissions Trading Scheme to flights in and out of Europe, reporting compliance with currently non-mandatory emissions-reporting requirements by more than 99% of operational airlines.
|
 |
ECJ Urged To Confirm Passenger Delay Compensation 5/17/2012 An Advocate General has proposed to the European Court of Justice that
it should confirm that a passenger whose flight is delayed by three hours or more
may seek flat-rate compensation from the airline.
|
|
IRS Non-Resident Reporting Rule Questioned Again 5/16/2012 The Treasury Department’s failure to provide sufficient answers about Internal
Revenue Service regulations requiring United States banks to disclose interest
paid to non-resident aliens has prompted the House of Representatives’ Ways
and Means Oversight Subcommittee Chairman Charles Boustany to
request additional information.
|
 |
Australia To Clarify GAAR 5/16/2012 Australian Assistant Treasurer David Bradbury has announced the formation of an expert roundtable to assist with the implementation of the government's clarifications of the definition of 'tax benefit' under Australia's general anti-avoidance rule.
|
 |
Cayman Regulatory Framework Endorsed 5/15/2012 Cayman Finance has welcomed the results of an independent study which places the
Cayman Islands among only two offshore territories which have consistently implemented internationally-accepted
standards on identity verification during due diligence processes.
|
|
UK E-Seller Amnesty Deadline Looms 5/14/2012 HM Revenue and Customs has warned people trading on the internet and who may have tax irregularities that they now have just one month to take part in the e-sellers tax amnesty and avail of lower penalty rates.
|
 |
Canada Highlights Improved Online Tax Services 5/14/2012 Gail Shea, Canada's Minister of National Revenue, has highlighted the Harper government’s efforts to reduce the tax administrative and compliance burden for businesses in Canada through the provision of online tax filing facilities.
|
|
IRS Whistleblower Programme Still Needs Improvement 5/14/2012 The whistleblower programme operated by the United States Internal Revenue Service has still not fully and adequately addressed internal problems that were
identified several years ago, according to a report issued by the Treasury Inspector
General for Tax Administration.
|
 |
Hong Kong Concerned At Operation Of US Volcker Rule 5/14/2012 Following is a question in the Legislative Council, the Secretary for Financial
Services and the Treasury, Professor K C Chan, confirmed that Hong Kong shares
the concerns raised by other financial markets, such as Canada, France, Germany,
Japan and the United Kingdom, over the extra-territorial reach and the implementation
of the United States’ Volcker Rule restrictions.
|
 |
Restrictions On Italian Private Tax Collectors Declared Illegal 5/11/2012 The Court of Justice of the European Union has decided the Italian provision
that private operators should have a share capital of at least EUR10m in order to be entitled to collect local taxes is contrary to European law on
freedom of establishment and freedom to provide services.
|
 |
Hearing Focusses On US Consumer Internet Privacy 5/10/2012 The Federal Trade Commission and the Department of Commerce have used their
testimonies before a hearing of the United States Senate Committee on Commerce,
Science and Transportation to describe the Administration’s efforts to protect
consumer privacy over the internet.
|
 |
Italy, Switzerland Agree To Tax Talks 5/11/2012 Following the recent positive developments with regard to the tax treaties between
Switzerland and various European Union member states, a meeting held on May 9
between Swiss and Italian officials has agreed to the establishment of a working
group to resolve the outstanding tax problems between their two countries.
|
|
HMRC Expands RTI Pilot 5/11/2012 HM Revenue and Customs has announced the addition of a further 310 employer schemes to its Real Time Information pilot, which launched last month.
|
 |
Hong Kong Still Sees Problems On Mainland Services 5/11/2012 Secretary for Commerce and Economic Development, Gregory So, has replied to a
question in the Legislative Council regarding the tax and procedural difficulties
being experienced by the Hong Kong services sector in developing business in Mainland
China.
|
 |
Australian Budget Scraps Planned Business Tax Cuts 5/10/2012 A planned cut to business tax rates will not go ahead in Australia, as the government seeks to redirect projected mining tax revenue to help families and small businesses in the face of ongoing disputes with opposition parties.
|
 |
US Congress Investigates Tax Fraud 5/10/2012 The House of Representatives Ways and Means Committee’s Oversight Subcommittee
Chairman Charles Boustany and its Social Security Subcommittee
Chairman Sam Johnson (pictured) have held a joint hearing on tax fraud involving
identity theft in the United States.
|
|
US Lawmakers Question GSA 'Kickback' Policy 5/9/2012 The House of Representatives Ways and Means Subcommittee on Oversight Chairman,
Charles Boustany, has sent a letter to 15 departments and two agencies
across the United States government seeking information about the potential ‘abuse’
of the energy efficient commercial buildings deduction.
|
 |
Vale Suffers Setback In Brazilian Tax Fight 5/9/2012 The world's second largest mining company Vale SA, has announced that Brazil's
highest judicial authority, the Superior Court of Justice, has stripped the company
of an injunction it previously received which 'suspended the effects of the unfavourable
rulings related to the taxation of its foreign subsidiaries' earnings'.
|
 |
NZ Improves Taxpayer Information Sharing 5/8/2012 New Zealand’s Inland Revenue and the Ministry of Social Development are set to expand their information sharing practices to include the automatic sharing of relevant taxpayer information.
|
|
HMRC Issues Electrician Amnesty Reminder 5/7/2012 HM Revenue and Customs has issued a reminder warning electricians that they have only a limited time left to register for a tax amnesty scheme that would allow them to pay any undisclosed tax owed.
|
 |
European Court Rules Software Functionality Not Copyright Protected 5/8/2012 In SAS Institute Inc. v. World Programming Ltd, the Court of Justice of the European
Union has made an important ruling in that computer functions, programming
languages, and data file formats could not qualify for copyright protection, and
that only actual software code was eligible for copyright protection.
|
 |
Liechtenstein Eyes Tax On Swiss Cross-Border Workers 5/7/2012 During a recent sitting, the Liechtenstein government adopted a report pertaining
to a second package of expenditure- and revenue-based measures, designed to consolidate
the state finances in line with the country’s 2012-2015 financial plan.
|
|
Armenian, Latvian Tax Agencies Sign Cooperation Pact 5/4/2012 The tax authorities of Latvia and Armenia have agreed to cooperate more deeply
on fiscal compliance issues, during a four-day meeting which culminated in the
signing of a memorandum of understanding.
|
 |
Tax Guidance Issued For Foreign Ships Visiting Australia 5/4/2012 The Australian Taxation Office has recently issued guidance on the tax requirements
that must be met by foreign-based ship owners and charterers carrying passengers,
livestock, mail or goods shipped in Australia.
|
 |
Irish Tax Debt Falls, Shadow Economy Targeted 5/4/2012 The latest annual report of the Irish tax authority, the Revenue Commissioners, shows 'solid performance in challenging circumstances', with enforcement efforts yielding an increase in tax receipts and a reduction in outstanding tax debt.
|
|
IRS Reviews Tax-Exempt Status Revocations 5/7/2012 Following a request from the United States Internal Revenue Service, the Treasury
Inspector General for Tax Administration reviewed its Exempt Organizations
function’s implementation of the provisions of the Pension Protection Act
of 2006 related to the automatic revocation of an organization’s tax-exempt
status.
|
 |
Spain Told To Amend Excise Duty Regime 5/4/2012 The European Commission has formally requested Spain to modify its rules
on excise duties to bring them into line with European Union legislation.
|
|
HMRC Increases Use Of Asset Seizure Powers 5/7/2012 The UK tax authority, HM Revenue and Customs is increasingly using its powers
to seize businesses assets in order to recover unpaid value-added tax bills, new statistics
show.
|
 |
Hong Kong Readies Corporate Disclosure Regime 5/7/2012 Hong Kong’s Securities and Futures Commission and Hong Kong
Exchanges and Clearing Limited have both welcomed the enactment of the
Securities and Futures (Amendment) Ordinance 2012, which,
in particular, establishes a statutory disclosure regime for listed companies.
|
 |
Report Shows Incentives For US Companies To Drop Health Cover 5/4/2012 In a new report prepared for the House of Representatives Ways and Means Committee,
data from United States Fortune 100 companies show that they could save significant
amounts under the new health care law by simply terminating health insurance for
their workers and putting those employees into taxpayer-funded health care exchanges.
|
|
IRS Seeks Applications For Tax Assistance Grants 5/3/2012 The United States Internal Revenue Service is now accepting applications
for the Tax Counselling for the Elderly and Volunteer Income Tax Assistance grant programmes, which will allow some organizations to apply for annual
funding for up to three years.
|
 |
Italy Hopes To Avoid Future VAT Increase 5/3/2012 In recognition of the need to reduce public expenditure as much as possible so
as to contain taxpayer burdens, the Italian government has announced the framework
of a spending review to be undertaken in the next month.
|
 |
Uganda Advised To Widen Tax Base 5/2/2012 During a speech to an African Tax Administration Forum workshop in Kampala,
the European Head of Mission Roberto Ridolfi has remarked that Uganda’s
tax base needs to be widened urgently in order to increase the government’s
revenues.
|
 |
India Obtains TIE Relaxations From Switzerland 5/2/2012 According to a statement from the India’s Ministry of Finance, the Indian
and Swiss governments have signed a protocol to their
bilateral double taxation agreement, which will allow for a 'liberal
interpretation' of the identity requirements before the exchange of information.
|
 |
HMRC Warned Of RTI Impact On Small Firms 5/1/2012 The Low Incomes Tax Reform Group has said that the UK tax
authority, HM Revenue and Customs, has underestimated the impact of Real Time Information
on small employers.
|
|
Further Attacks Launched On Italian Tax Evaders 5/1/2012 Following an announcement by the Italian financial police, Guardia di Finanza, that it has already uncovered substantial amounts of undeclared income in the first four months of 2012, the Italian Revenue Agency launched countrywide anti-evasion checks during the May Day holidays.
|
 |
Ireland, US In Talks Over FATCA 5/1/2012 Ireland and the United States are in talks to establish a common approach to the Foreign Account Tax Compliance Act, drawing on domestic and international tax legislation and treaties.
|
|
US House Passes Cybersecurity Bill 5/1/2012 Despite the indication that it would be vetoed by President Obama if it were to
arrive on his desk, the United States House of Representatives has approved the
Cyber Intelligence Sharing and Protection Act, which would encourage companies
and the government to share information about cyber threats facing networks.
|
|
Di Pietro Calls For Tax Treaty With Switzerland 5/1/2012 Antonio di Pietro, the former anti-corruption magistrate and present
leader of the Italia dei Valori opposition party, has written in his blog that
the Italian government should now be looking to garner the EUR40bn (USD53bn) in
tax revenue that could be available by concluding a tax treaty with Switzerland.
|
 |
Supreme Court Limits IRS In Tax Shelter Challenge 4/30/2012 The United States Supreme Court has rejected an attempt by the Internal Revenue
Service to use a longer six-year cut-off period under the statute of limitations,
rather than the usual three years, for its assessment of ‘Son of Boss’
tax shelter schemes.
|
|
CRA Reduces Burden On Tax Exempt Businesses 4/27/2012 Refunds and rebates will not be withheld from tax exempt corporations when they have outstanding tax returns, under rules set out by the Canada Revenue Agency.
|
 |
DFSA Wins Regulatory Court Case 4/30/2012 The Dubai Financial Services Authority has won an important case before its own Regulatory Appeals Committee on the provision of financial services by a business and two of its company directors.
|
|
Australian Inspector-General Reviews SME Compliance 4/26/2012 The Australian Taxation Office could improve its compliance approaches to small- and medium-sized enterprises and high wealth individuals in a number of areas, according to a new report.
|
 |
UK Consults On Corporate Governance Reforms 4/27/2012 The UK's Financial Reporting Council has launched a consultation on planned revisions to corporate governance and auditing rules intended to give effect to new company stewardship proposals.
|
 |
Singapore Achieves Record 97% E-Filing Rate 4/25/2012 The Inland Revenue Authority of Singapore has pointed out how the city
state’s taxpayers continued to enjoy the convenience of e-filing their tax
returns before this year’s due date of April 18.
|
 |
Italian Government Urged To Reduce Tax Burden 4/25/2012 While the Italian government has stressed that there will be no need for new taxes
in a further budget this year, the Court of Auditors and the Bank of Italy, in
their testimony to the Chamber of Deputies on the recently-issued 2012 Economic
and Financial Document, have emphasized, instead, that tax burdens have to be
reduced as soon as possible.
|
 |
Malta Signs Gambling Oversight Agreements 4/25/2012 Malta's Lotteries and Gaming Authority has announced the signing of three cooperation agreements with other regulators, the European Sports Security Association, the sports integrity agency of global soccer association FIFA, and the Alcohol and Gaming Commission of Ontario, to strengthen its domestic oversight capabilities and contribute towards international enforcement efforts.
|
 |
Netherlands Intensifies Efforts To Combat VAT Fraud 4/24/2012 Dutch State Secretary for Finance Frans Weekers has recently unveiled details
of plans to give a new boost to the international fight against value-added tax fraud.
|
 |
Gibraltar Consults Industry On Transparency Enhancements 4/24/2012 The Gibraltar government is seeking input from the finance industry to help it form a response to recommendations received from the Organization for Economic Cooperation and Development on improvements deemed necessary to the territory's fiscal transparency frameworks for the exchange of tax information.
|
 |
Vodafone Challenges Indian Tax Law 4/23/2012 The ongoing tax dispute between India and Vodafone has erupted again, with the telecoms company now serving a Notice of Dispute against the government's controversial new retrospective tax legislation.
|
 |
USITC Surprises With Two Rulings For Asian Exporters 4/23/2012 The United States International Trade Commission has surprised and caused
a certain amount of consternation within American industry, by ruling, twice on
the same day, that domestic manufacturers were not being harmed by imports from
their Asian competitors.
|
 |
South Africa Pushing For Tax Compliance By HNWIs 4/20/2012 In reply to a question in the National Assembly, South Africa’s Finance
Minister Pravin Gordhan confirmed that the South African Revenue Service has taken steps to improve income tax compliance among high net worth individuals
(HNWIs).
|
|
Australia To Enforce Companies' Workforce Obligations 4/20/2012 Draft legislation has been released by the Australian government which will enforce companies' compliance with tax and superannuation guarantee obligations.
|
|
Monti Produces Future Italian Fiscal Framework 4/18/2012 The government has agreed the draft of a law, to be subsequently approved by parliament,
which would provide the framework for tax reform in Italy, but which, in fact,
is more notable for what is does not, rather than for what it does, contain.
|
|
IRS Issues Final Non-Resident Reporting Rule 4/18/2012 The Treasury Department has issued the final regulations on the reporting to the
Internal Revenue Service of interest paid to non-residents by United States
banks from January 1, 2013.
|
 |
Spain's Rubalcaba Slams Tax Amnesty Plans 4/17/2012 Leader of Spain’s main opposition Socialist Party Alfredo Pérez Rubalcaba has recently announced his party’s
intention to contest the constitutionality of the government’s planned
tax amnesty, to prevent implementation of the ruling People’s Party’s latest proposals.
|
 |
Obama's Buffett Tax Fails To Pass Through US Senate 4/18/2012 Despite pressure from President Barack Obama, the Democrat Party-led United States
Senate has been unable to advance his proposed ‘Buffett Rule’ tax
measure in the face of Republican Party opposition.
|
 |
Italy Delays Transaction Reporting For Banks 4/18/2012 The Italian Revenue Agency has delayed the obligation on banks and other financial
institutions to identify transactions subject to value-added tax and of an amount
over EUR3,600, that will have to be electronically reported
to the tax authorities as part of the government’s efforts to increase tax
compliance.
|
 |
East African States Boost Appeal With Red Tape Cuts 4/16/2012 A new report shows that the business environment in all five economies of the
East African Community - Burundi, Kenya, Rwanda, Tanzania, and Uganda - improved
substantially in 2010-11, with the implementation of significant regulatory reforms,
including to ease the burden of paying taxes.
|
 |
Guernsey 'Singled Out' In UK QROPS Change 4/17/2012 Guernsey Finance, the promotional agency for the island's financial services
industry, has condemned the UK tax authority's decision
to remove almost all Guernsey Qualifying Recognised Overseas Pensions Schemes from its updated list,
describing the move as an 'unjust attack on the island'.
|
 |
Spain Unveils Anti-Tax Fraud Plan 4/17/2012 Spain’s Council of Ministers has recently examined the government’s
anti-fraud plan, aimed at combating the hidden economy and tax fraud, by setting
limits on cash payments, and by obliging taxpayers to declare their accounts
and assets located overseas.
|
 |
Switzerland Stands Firm On Revised German Tax Deal 4/17/2012 Staunchly defending the importance of the bilateral tax agreement with Germany,
as a means to resolve the longstanding issue of undeclared assets held by German
residents in the Confederation’s banks, Swiss Finance Minister Eveline Widmer-Schlumpf
has ruled out any further compromises.
|
|
Antigua And Barbuda's Finances Back On Even Keel 4/13/2012 The International Monetary Fund has recently conducted three reviews of Antigua and Barbuda's performance under a financial assistance package negotiated in June 2010.
|
|
IRS Has Backlog In Offers Of Compromise 4/16/2012 The Treasury Inspector General for Tax Administration has found that efforts
by the United States Internal Revenue Service to promote the Offer in Compromise programme has increased the number of requested offers by 28% between 2007
and last year, but, at the same time, has created a backlog and delayed responses
to taxpayers.
|
 |
Future Bright For Panama: IMF 4/13/2012 The International Monetary Fund has published its Article IV report in respect
of Panama, noting that the country has exited the global downturn robustly, with
a well-capitalised banking system, but efforts should continue to build upon the
tax revenue base to reverse poor revenue performance witnessed last year.
|
 |
Commission Adopts Report Calling For New EU AML Directive 4/13/2012 In light of the adoption in February this year of revised international anti-money
laundering standards by the Financial Action Task Force, and its
own review process, a report on the application in the European Union of
the Third Anti-Money Laundering Directive has been adopted by the European Commission.
|
 |
Full Steam Ahead For Swiss-Austrian Tax Deal 4/13/2012 Austria’s Finance Minister Maria Fekter is due to meet her Swiss counterpart
Eveline Widmer-Schlumpf in Bern on April 13, to sign a bilateral tax agreement
between the two countries aimed at resolving the outstanding issue of undeclared
Austrian money held in the Confederation’s banks, according to the Swiss
Finance Ministry.
|
 |
Road Crash Deaths Increase On US Tax Filing Day 4/13/2012 A study, included in the current edition of the Journal of the American Medical
Association, has found that road crash fatalities in the United States increase
on the income tax deadline day laid down by the Internal Revenue Service.
|
 |
Germany's SPD Rejects Revised Swiss Tax Deal 4/12/2012 Sigmar Gabriel, leader of Germany’s Social Democrats, has once again
reiterated his party’s intention ‘to stop’ the Swiss tax deal
in the Bundesrat, where the coalition lacks the necessary majority, despite the
recent signing of a Supplementary Protocol to the agreement, aimed at appeasing
both the German opposition parties and the federal states, as well as the European
Commission.
|
|
HMRC Could Investigate Apple's UK Tax Affairs 4/11/2012 Just days after it emerged that Amazon was under investigation by the UK taxman, Apple has come under fire for its payment of just GBP10m in UK corporate tax.
|
 |
Committee To Review Indian E-Refund Proposals 4/11/2012 A committee is to review India's e-refund system for the reimbursement of tax paid on taxable services used for the export of goods.
|
 |
CIOT Expects UK-Swiss Tax Deal Re-Write 4/11/2012 Changes to the Swiss-German tax treaty could lead to higher charges for UK holders of undeclared Swiss bank accounts, the Chartered Institute of Taxation has warned.
|
 |
AICPA Reinforces IRS Tips for Last Minute US Tax Filers 4/11/2012 As the deadline for filing 2011 individual income tax returns approaches, the
American Institute of Certified Public Accountants has provided a list
of tips to help taxpayers with any last-minute uncertainties, while the United
States Internal Revenue Service has explained the means by which tax payments
can be made or delayed.
|
 |
Results Of Annual US Review Of Telecommunications Trade Agreements 4/10/2012 United States Trade Representative Ron Kirk has announced the results of
the 2012 annual review of the operation and effectiveness of telecommunications
trade agreements under Section 1377 of the Omnibus Trade and Competitiveness Act
of 1988.
|
|
Philippines Sees Tax Revenues Surge Early In 2012 4/9/2012 Despite rising government spending, the Philippines saw a much reduced PHP5bn budgetary deficit in the first two months of 2012, with the Bureau
of Internal Revenue achieving a significant rise in revenues.
|
 |
UK, India Hold Economic And Financial Dialogue 4/6/2012 The UK and India have held their annual Economic and Financial Dialogue, discussing ways to strengthen cooperation and boost trade and investment.
|
 |
Obama Signs JOBS Act For Small Businesses 4/9/2012 On April 5, after a rare example of bipartisan agreement in the United States
Congress, President Barack Obama was able to sign the Jumpstart Our Business Startups
(JOBS) Act, a bill to encourage startups and support small businesses without
the use of taxpayers’ money.
|
|
Brazil Prepares Payroll Tax Cuts To Prop Up Economy 4/6/2012 Brazilian President Dilma Rousseff has announced a number of measures aimed at
boosting economic growth in ailing sectors of the economy, including through payroll
tax concessions.
|
|
IRS Advises Late Filers 4/6/2012 The United States Internal Revenue Service has reminded taxpayers that solutions
are available if they are unable to file their returns on time, and that they
can even request relief online.
|
 |
OECD Issues New Peer Reviews 4/5/2012 The Organization for Economic Cooperation and Development, publishing eleven new peer reviews, has said that the vast majority of territories which have been subject to critical assessments have implemented satisfactory legislative regimes that can facilitate the exchange of information on request.
|
 |
OECD Urges Tax Reform In Poland 4/5/2012 The Organisation for Economic Cooperation and Development has presented a report
recommending that Poland implement specific measures to improve the nation's tax regime and meet
deficit reduction targets at a faster pace.
|
 |
South Korea, Italy Sign TIE Protocol 4/5/2012 A protocol to the existing double taxation agreement between South Korea
and Italy was signed on April 3, and is expected to take effect in the first half
of this year.
|
 |
US Approves Final Rule On Shadow Banking 4/6/2012 The United States Financial Stability Oversight Council has issued its
final rule and interpretive guidance on the Federal Reserve Bank’s authority
to require supervision and regulation of nonbank financial companies.
|
 |
Jersey Regulator Seeks Civil Penalty Capabilities 4/5/2012 The Jersey Financial Services Commission has launched a new consultation paper
proposing that the Commission be empowered to impose civil penalties
on specified registered persons for serious, uncorrected or recurring breaches
of its Codes of Practice.
|
 |
Philippines Targets Over USD930m From 100 Tax Cases 4/4/2012 At a press briefing at the Department of Justice, the Philippines’
Bureau of Internal Revenue confirmed that it has now filed a total of 100
cases under its Run After Tax Evaders scheme since the start of President Benigno
Aquino’s government.
|
 |
Barbados Publishes Credit Risk Management Rules 4/4/2012 The Central Bank of Barbados has noted the publication of a new set of Credit
Risk Management Guidelines to assist financial institutions in meeting their credit risk management
obligations.
|
Page 1
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
