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The Israel Tax Authority has confirmed that there have been reciprocal exchanges of information, on both American citizens in Israel and Israeli citizens in the United States, under the countries' Foreign Accounts Tax Compliance Act intergovernmental agreement. Read Full Story
The Australian Taxation Office has published a practical compliance guideline for offshore hubs. Read Full Story
The Australian Taxation Office has released details of the data it is collecting from financial institutions and online retailers as part of its data-matching programs. Read Full Story
The UK Government must change the way it makes tax and budget decision to reduce taxpayer confusion, prevent costly errors, and avoid embarrassing u-turns, professional bodies have said in a report. Read Full Story
Hong Kong and Belarus have agreed to lower withholding tax rates on cross-border income under a new comprehensive double tax agreement. Read Full Story
According to an opinion of Advocate General Campos Sánchez-Bordona delivered on January 12 to the Court of Justice of the European Union, Italy should not be precluded from taking both criminal and administrative action following a taxpayer's failure to pay value-added tax. Read Full Story
Hong Kong's Financial Services and the Treasury Bureau has launched public consultations on legislative proposals to increase the transparency of corporate beneficial ownership in the city, and to enhance its regulatory regime for combating money laundering and terrorist financing. Read Full Story
Zimbabwe's recent Budget included tax relief measures and initiatives to tackle low compliance rates. Read Full Story
On January 12, 2017, the Inland Revenue Authority of Singapore issued updates to its e-Tax Guide on the country's transfer pricing rules. Read Full Story
The Australian Treasury is consulting on plans to increase administrative penalties for multinationals that fail to adhere to tax disclosure obligations. Read Full Story
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