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Stories that are tagged 'financial services'




Labour Would Hike Taxes On UK Financial Sector

by Amanda Banks, Tax-News.com, London

Monday, May 15, 2017

UK opposition party Labour has said it would increases taxes on financial transactions in the City to raise GBP5bn (USD6.46bn) a year. Read Full Story

 

Ghana Introduces Flat-Rate VAT, New Exemptions

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, May 2, 2017

The Ghanaian Government has released an overview of an amendment to the VAT Act, which entered into force in early April, to amend the list of exempt supplies and introduce a VAT flat-rate arrangement for retailers and wholesalers. Read Full Story

 

Philippines To Offer Tax Amnesty After Bank Secrecy Changes

by Mary Swire, Tax-News.com, Hong Kong

Monday, May 1, 2017

Filipino Finance Secretary Carlos G Dominguez III has said the country's restrictive banking secrecy laws must be lifted before a new tax amnesty is offered. Read Full Story

 

Indian Banks To Soon Freeze Accounts For FATCA Non-Compliance

by Mary Swire, Tax-News.com, Hong Kong

Thursday, April 20, 2017

The Indian Ministry of Finance on April 11 warned that where Foreign Account Tax Compliance Act-related self-certification and due diligence in relation to financial accounts have not taken place by April 30, 2017, affected accounts may be frozen until such time as these checks have taken place. Read Full Story

 

Canadian Governments Agree Internal Trade Deal

by Mike Godfrey, Tax-news.com, Washington

Wednesday, April 19, 2017

Canada's federal, provincial, and territorial governments have signed a new free trade agreement, which will reduce internal barriers to trade, investment, and worker mobility. Read Full Story

 

Taiwan To Slash Tax On Same Day Securities Trading

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, April 18, 2017

Taiwan's Legislative Yuan adopted legislation to halve the securities transaction tax rate on day trading activity from 0.3 percent to 0.15 percent. Read Full Story

 

Ghana Praised For Strengthening Tax Regime

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, April 17, 2017

Ghana's Budget measures to control exemptions and tax evasion have "brought new confidence" over its economic outlook, the International Monetary Fund (IMF) has said. Read Full Story

 

Seychelles Extends Reach Of Tourism Marketing Tax

by Mary Swire, Tax-News.com, Hong Kong

Thursday, March 30, 2017

In a statement published on March 16, the Seychelles Revenue Commission announced the extension of the Tourism Marketing Tax (TMT) to casino operators and Class 1 building contractors (with annual turnover in excess of SCR1m (USD74,271)). Read Full Story

 

Japan To Support Saudi Arabia To Create Free Trade Zones

by Mary Swire, Tax-News.com, Hong Kong

Thursday, March 16, 2017

Saudi Arabia is hoping to lure Japanese firms to invest in the country with tax breaks to be offered in new free trade zones. Read Full Story

 

Shanghai FTZ To Liberalize Investment Restrictions

by Mary Swire, Tax-News.com, 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

 

 

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