 |
Norway Updates 2012 Budget 5/23/2012 The Norwegian finance ministry has recently published details of the country’s revised 2012 fiscal budget, in which the government emphasizes the need for fiscal constraint.
|
 |
Greggs Chief Slams UK 'Pasty Tax' 5/17/2012 The UK government’s ‘pasty tax’ will result in higher unemployment, store closures and reduced investment, the head of bakery retailer Greggs has said.
|
 |
BC Unveils New Sales Tax Law 5/16/2012 Kevin Falcon, the Finance Minister of the Canadian province of British Columbia, has introduced legislation to meet government's commitment to return to the Provincial Sales Tax on April 1, 2013.
|
 |
St Lucia Eyes Income Tax Cuts, After VAT Implementation 5/16/2012 The government of Saint Lucia has outlined new tax measures in its
latest Budget to shift the tax burden from
direct to indirect taxes.
|
 |
Morocco Suspends Import Duty On Cereals 5/8/2012 During a recent sitting in Rabat, presided over by Moroccan head of government Abdelilah
Benkirane, Morocco’s governing council examined and adopted two bills exempting
durum, soft wheat and barley from import duty.
|
 |
Canada-EU Trade Talks Entering Final Straight 4/26/2012 An ambitious Canada-European Union trade agreement will benefit businesses and workers, ministers from Canada and Denmark said after they met to discuss the ongoing negotiations.
|
|
UK Government In Hot Water Over 'Pasty Tax' 4/20/2012 The UK government is again on the back foot over its proposed changes to value-added tax rules as the UK's bakers prepare to descend on Downing Street in protest against the so-called 'pasty tax', highlighting the often arbitrary and confusing nature of the classification of certain goods for VAT purposes.
|
 |
US, Colombia FTA Effective In May 4/18/2012 The Presidents of the United States and Colombia announced at a joint
press conference in Cartagena that a landmark Free Trade Agreement between the two nations will become effective
on May 15, 2012, gradually exempting the vast majority of goods from bilateral trade taxes.
|
 |
Czech Cabinet Unites On Austerity Package 4/13/2012 Following months of internal conflict, the Czech cabinet has finally adopted the
comprehensive savings programme agreed by the coalition parties, containing a
raft of savings measures and planned tax rises aimed at consolidating the country’s
finances.
|
 |
Ireland, China Finalise Strategic Partnership Agreement 4/2/2012 Ireland and China have concluded a Strategic Partnership Agreement, hailed by the Irish Prime Minister Enda Kenny as a major step-up in relations that will lead to greater trade and investment.
|
 |
New Zealand Closes Livestock Tax Loophole 3/30/2012 New Zealand has closed a loophole which allowed farmers to use two different livestock valuation methods to gain an unfair tax advantage.
|
 |
New Zealand, Malaysia Discuss TPP 3/26/2012 New Zealand’s trade minister has been discussing the ongoing Trans Pacific Partnership negotiations as part of a Malaysian trade visit.
|
 |
Indian Budget Signals Further Reform Delays 3/20/2012 India’s 2012 Budget has been unveiled, including a raft of tax measures designed to signal progress in the implementation of a direct tax code and a goods and services tax regime.
|
 |
UK Launches More Tax Taskforces 2/27/2012 The UK's HM Revenue and Customs will launch thirty new taskforces as it sets its sights on generating GBP50m from tax evasion crack-downs this year alone.
|
|
Peru Re-Opens Doors To Canadian Cattle 2/24/2012 Peru has agreed to re-open its doors to Canadian cattle imports, a move Canada says sets the stage for greater market access.
|
 |
Croatia Eyes March VAT Rise 2/13/2012 During a recent sitting in Zagreb, the Croatian government united on plans to
increase the standard rate of value-added tax from 23% currently to 25%
from March 1, while at the same time adopting other fiscal measures designed
to redress the public finances.
|
 |
Korean Opposition Promises To Axe KORUS FTA 2/13/2012 South Korea’s main opposition Democratic Party has confirmed that it
would cancel the free trade agreement with the United States if it became
the majority party in parliamentary elections due in April this year.
|
 |
Trade Barriers Hindering African Growth 2/10/2012 As African leaders pursue negotiations towards a continental free trade area by
2017, a new report released by the World Bank has noted that African nations are
losing out on billions of dollars in potential trade earnings every year because of restrictive barriers to regional trade.
|
 |
Switzerland Records Weak Foreign Trade In 2011 2/7/2012 The strong Swiss franc and the gloomy outlook for the global economy have affected
Swiss foreign trade, according to the latest figures released by the Swiss Federal
Department of Finance.
|
 |
Indonesia, Pakistan Sign Expanded Trade Deal 2/6/2012 In an effort to increase economic cooperation between the two countries, and as
a possible forerunner to a full bilateral free trade agreement, Indonesia
and Pakistan signed a preferential trade agreement on February 3 in Jakarta.
|
 |
Peru, Mexico FTA Comes Into Force 2/3/2012 An updated free trade pact between Peru and Mexico, which will increase the number
of tariff items with preferences attached to 12,000, entered into force on February
1, 2012.
|
 |
Taxes Killing The British Pub 1/30/2012 Falling UK pub beer sales demonstrate the pressing need for a change in government beer tax policy, according to the British Beer and Pub Association.
|
|
Canada Secures Greater Access To Philippine Market 1/26/2012 The Canadian government has secured live ruminant market access to the Philippines, a deal which will benefit cattle, sheep and goat producers.
|
 |
US Appeals In WTO Dispute With Mexico 1/26/2012 The United States Trade Representative has confirmed that it is filing
an appeal in the World Trade Organization dispute with Mexico challenging
the United States’ dolphin-safe labeling measures for tuna products sold
in America.
|
 |
Argentina's Farmers Call For Drought Tax Exemptions 1/18/2012 Argentinian farmers have been met by government resistance in their pleas for tax relief to compensate for significant droughts, which are expected to leave crop yields down around 10% for the year.
|
 |
China Lifts VAT On Vegetable Distribution 1/16/2012 To combat food price inflation, the Chinese Ministry of Finance has announced its decision to retroactively exempt the distribution of vegetables from value-added tax.
|
 |
Algerian President Inks 2012 Budget 1/12/2012 Algerian President Abdelaziz Bouteflika has recently signed the country’s
2012 finance law, providing for a budget deficit of 25.4% of gross domestic product, compared to a provisional deficit of 34% for 2011, without the introduction
of any substantial taxes, and based on growth for this year of 4.7% and inflation
of 4%.
|
 |
Indonesia Ratifies ASEAN's FTA With Australia-NZ 1/11/2012 The ASEAN group's Free Trade Agreement with Australia and New Zealand fully came
into force for all nations on January 10, 2012, with Indonesia the last party
to ratify the agreement.
|
 |
WTO Extends Deadline In Labelling Dispute 1/11/2012 Canada, Mexico and the US's joint request was granted at the meeting of the Dispute Settlement
Body, to extend, until March 23, 2012, the deadline for the adoption or appeal of
the panel reports in the case regarding country of origin labelling requirements.
|
 |
Peru Mulls Junk Food Tax 1/4/2012 The Peruvian government has announced proposals to introduce a tax on unhealthy
food to help fund the nation's healthcare budget.
|
 |
UK VAT Hike Still Squeezing The Pocket 1/4/2012 The UK's value added tax rise added 1 percent to the level of prices in 2011, the accountancy firm PwC has calculated.
|
 |
French Court Clears Soda Tax, VAT Hike 12/30/2011 The French government has received approval from the nation's Constitutional Court to forge
ahead with plans to introduce a tax on sugary beverages, and to increase the concessionary
value-added tax rate currently in place on some services sectors.
|
 |
Record Export Year For Ireland 12/29/2011 Irish firms experienced record levels of exports in 2011 and are now using a renewed confidence to aggressively target opportunities in international markets, according to the latest figures from Enterprise Ireland.
|
 |
Carbon Tax To Hit Australian Farmers 12/26/2011 Australia’s National Farmers Federation has expressed concern over the impact of the carbon tax.
|
 |
Japan, Australia Restart FTA Talks 12/26/2011 The 13th round of negotiations on the long-discussed Japan-Australia Economic
Partnership Agreement has been held in Canberra, amidst encouraging signs
concerning its possible completion.
|
 |
UK Issues Warning On Olympics Labour Taxes 12/21/2011 Employers taking on more staff ahead of the London Olympics must carry out checks to ensure their labour suppliers are paying the correct taxes, HM Revenue and Customs has said.
|
 |
French Deputies Restore 2012 Budget 12/20/2011 The French National Assembly (lower house) has adopted during a second reading
the country’s 2012 budget bill, essentially restoring the initial text
proposed by the government, and containing a raft of targeted tax rises and
cuts in public spending designed to enable the government to achieve its ambitious
deficit reduction targets.
|
 |
China To Keep Import Tariffs Low In 2012 12/19/2011 The State Council has confirmed that, from January 1, 2012, China’s average
tariffs will remain at a low rate, to expand imports and meet consumer demand,
promote more balanced foreign trading relationships, and, thereby, encourage a
restructuring of the economy.
|
 |
Nigerian 2012 Budget For 'Jobs And Growth' 12/15/2011 Nigeria’s President Goodluck Jonathan, during his announcement of the Federal
Government’s 2012 Budget proposals on December 13 to the National Assembly
in Abuja, said that their prime objective was, 'not only to create jobs,
but also to lay a solid foundation for sustainable economic growth'.
|
|
French Social Security Bill Adopted 12/2/2011 The French National Assembly has adopted the country’s 2012
social security finance bill, providing for a new economic growth forecast of 1%, and
integrating a number of fiscal measures announced by the government as part of
its second austerity package on November 7.
|
 |
Noonan Confirms Irish VAT Hike 11/28/2011 Irish Finance Minister Michael Noonan has confirmed that a 2% value-added tax hike included in recently-leaked proposals is on the cards.
|
|
Canada Claims Win In WTO Case Against US 11/23/2011 The World Trade Organization's ruling that the US Country-of-Origin Labelling measure is inconsistent with its WTO trade obligations is a 'clear victory for Canada’s livestock industry', according to the Canadian government.
|
 |
Canada Legislates For Panama, Jordan FTAs 11/21/2011 Canada's implementation of its free trade agreements with Jordan and Panama will result in expanded opportunities in priority regions, benefiting the country's business and workers, the minister in charge has said.
|
|
Russian WTO Accession Terms Published 11/16/2011 The World Trade Organization has published comprehensive details of the tax and trade commitments made
by Russia as part of its accession bid, due to be deliberated upon at the WTO Ministerial Plenary in December at which Russia is tipped to be granted membership to the global trade
body.
|
 |
Ireland, Russia Sign New Trade Agreement 11/11/2011 Ireland and Russia inked an agreement on a programme for trade and economic cooperation during Deputy Prime Minister Eamon Gilmore's recent trip to Moscow, allowing for a greater level of engagement between government authorities in each country.
|
 |
Costa Rica Targets Corporate Tax Irregularities 11/10/2011 Over the past two months the Costa Rican tax authority has closed more than 50 businesses around the
country for various tax irregularities including late payment of tax and failure
to provide receipts to customers.
|
|
UK Unveils New Tax Avoidance Taskforces 5/1/2012 The creation of five taskforces, targeting, among others, scrap metal dealers, construction traders and fast food outlets, has been unveiled by the UK tax authority, HM Revenue and Customs.
|
|
France Unveils Second Austerity Package 11/9/2011 Determined to consolidate its fiscal path and to achieve its deficit reduction
objectives, in the context of a slowdown in global growth, the French government
has unveiled details of a second wave of austerity measures, which include tax
and expenditure decisions.
|
|
US States Extend Higher Tax Rates On 'Fat Taxes' 11/3/2011 A new study by the Tax Foundation has found that US states are increasingly
extending higher tax rates to products like candy and soda, ostensibly to fight
obesity, and that this is creating a complex and confusing classification system
to divide the ‘good’ food and drink products from the allegedly ‘bad’
ones.
|
 |
Vietnam Delays Corporate Tax Payments 11/2/2011 Vietnamese Prime Minister Nguyen Tan Dung has signed a Decision which approves a delay to the payment of corporate income tax for businesses employing
a significant number of workers in certain labour-intensive sectors.
|
 |
France Eyes Targeted VAT Increases 10/31/2011 Needing to find between EUR6bn (USD8.4bn) and EUR8bn in additional savings and fiscal
revenues, to reduce the country’s deficit next year and to preserve its
AAA rating, the French government is reportedly considering the idea of increasing
the 5.5% reduced rate of value-added tax in France to either 7% or 9% in
certain targeted areas, while at the same time curbing spending.
|
|
Canada, EU Edge Closer To Trade Deal 10/19/2011 Canada and the European Union are holding a ninth round of talks on a free trade agreement, with the negotiations described by the Canadian government as the most significant trade initiative in fifteen years.
|
|
Political Problems Persist For KORUS FTA In Seoul 10/19/2011 South Korea’s main opposition Democratic Party remains implacably opposed
to the passing of the South Korea–United States free trade agreement through parliament, and is continuing to demand its renegotiation.
|
 |
French Food Industry Denounces Tax Hike Plans 10/14/2011 Warning the French government against a mooted doubling of the proposed tax on sugary
drinks, president of the national association of food industries in
France Jean-René Buisson has bitterly lamented plans to hike taxes on the sector.
|
 |
Mauritian Exporters Seek Tax Incentives 10/14/2011 Hot on the heels of the Mauritius Employers’ Federation, the Mauritius
Export Association has now also submitted its pre-budget memorandum to
Mauritian Finance Minister Xavier-Luc Duval, in which it underlines the need to
introduce fiscal incentives for investment and training in the sector to improve
productivity.
|
|
Morocco To Suspend Import Duty On Wheat 10/14/2011 The Moroccan finance ministry has announced the temporary suspension of import
duty on durum and soft wheat.
|
|
Norway Unveils 2012 Budget Proposals 10/13/2011 The Norwegian government has recently unveiled details of its 2012 fiscal budget,
designed to support a stable economy, and containing a number of fiscal measures.
|
 |
France Eyes Domestic Oil Tax Rise 10/11/2011 The French government is reportedly considering the idea of reducing the existing
tax break on domestic oil used as motor fuel by farmers, in return for lowering social contributions
in the agricultural industry.
|
|
'Fat Tax' Debate Lands In Australia 10/7/2011 In the week that Denmark imposed a ‘fat tax’ on food and it has been suggested that Britain and France could follow suit, a visiting American obesity expert has called on Australia to start taxing soft drinks.
|
|
France Mulls New Health Tax 10/6/2011 The French government is currently considering the idea of doubling the proposed
tax on sugary drinks to finance a reduction in social contributions in the agricultural
industry.
|
 |
UK Could Introduce 'Fat Tax' 10/6/2011 A 'fat tax' is something the UK government will look at as it considers ways to tackle the country's problem with obesity, according to Prime Minister David Cameron.
|
 |
Denmark's 'Fat Tax' Kick-Starts Health Drive 10/4/2011 Aiming to increase the average life expectancy of Danes and to limit the unhealthy
intake of fatty foods, the Danish government has imposed a ‘fat tax’
on foods high in saturated fat.
|
 |
Australia's Big Wine Brands Call For Tax Changes 9/28/2011 Two of Australia’s largest wine companies, Treasury Wine Estates and Premium Wine Brands, have made submissions to the government’s October Tax Summit, calling for the end of Wine Equalization Tax, which they believe is causing damage to the industry.
|
|
Canadian Government Explains Benefits Of EU FTA 9/19/2011 Canada’s Minister of International Trade and Minister for the Asia-Pacific Gateway has been explaining the government’s intention to forge ahead with an ambitious job-creating, pro-trade plan, which includes the conclusion of a free trade agreement with the European Union.
|
 |
Hungary Seeks To Bridge Fiscal Gap 9/12/2011 Hungary has announced an increase in excise taxes to begin to close a HUF350bn
(USD1.68bn) gap expected to arise in the country's budget this year.
|
 |
Switzerland Eyes Tax Break For Fondue 9/8/2011 Within the framework of reform of the law on alcohol, Switzerland’s Federal
Council has put forward the idea of exempting from tax food with a spirit content,
thereby aligning the Confederation’s legislation with European law.
|
 |
Greek Restaurants Rebel Against VAT Hike 9/6/2011 Restaurants and eateries in Greece are threatening to refuse to comply with the value-added
tax rate increase on the hospitality sector, which came into effect on September 1.
|
 |
Business Braced For Sales Tax Chaos In BC 9/5/2011 British Columbia's decision to scrap the harmonized sales tax system has provoked a mixed reaction from the business community, but opinion is largely unanimous that businesses and the government alike must think about making the transition back to the provincial and general sales tax regime as smooth as possible.
|
|
New Zealanders Back 'No GST On Food' Campaign 8/18/2011 New Zealanders came out in force on Tuesday, August 16, to demonstrate their strength of feeling about Goods and Services Tax on food, and presented Parliament with a petition signed by 40,000 people asking for it to be removed.
|
 |
US Congress Fearful Of Canada-Colombia FTA 8/18/2011 The United States House of Representatives Ways and Means Committee Chairman Dave
Camp (pictured) and the Senate Finance Committee Chairman Max Baucus have expressed bipartisan
concern at the effect on American exporters of the entry into force of the Canada-Colombia
free trade agreement on August 15.
|
 |
NZ Business Assesses Impact Of Australian Carbon Tax 8/16/2011 The dangers of making hasty comparisons between the carbon schemes of Australia and New Zealand based on carbon price alone are highlighted in an independent report carried out for BusinessNZ.
|
 |
Enterprise Ireland Start-Up Programme A Success 8/11/2011 The Irish government is supporting the creation of hundreds of new jobs through a start up programme, designed to help rebuild the economy and boost domestic growth.
|
|
Vietnamese Parliament Passes Tax Incentives 8/11/2011 At its closing session on August 6, Vietnam’s parliament passed several
resolutions giving tax incentives, particularly to small and medium-sized enterprises and individuals on lower incomes.
|
 |
China-Costa Rica FTA Takes Effect 8/2/2011 The bilateral free trade agreement between China and Costa Rica, the negotiations
for which began in January 2009 and which was signed in April last year, came
into effect on August 1, 2011.
|
 |
Fosters In Line For Tax Windfall 7/22/2011 Following the recent announcement from the Australian-based Fosters Group that it had successfully concluded its long-running Ashwick tax litigation, the company is now considering the implications and looking at reviewing its dividend options.
|
 |
EU IP-Related Seizures Surge 7/20/2011 According to the European Commission's annual report on European Union customs
enforcement, more than 103m products suspected of violating intellectual property
rights were seized at Europe's external borders in 2010.
|
|
Hungary Adopts 'Hamburger Tax' 7/18/2011 Eager to generate additional tax revenues and to reverse
increasingly unhealthy dietary trends, the Hungarian parliament, where Prime Minister
Viktor Orban’s conservative party currently holds a two thirds majority,
has recently voted in favour of a new tax on unhealthy foodstuffs.
|
 |
New Zealand Labour Party Reveals Tax Plans 7/18/2011 New Zealand opposition leader Phil Goff has revealed the Labour Party's plans for the country’s economy, including introducing a capital gains tax and an increase in the top tax rate. The plans were unsurprisingly met with scorn by the government.
|
|
HMRC's VAT Taskforce Turns Attention To Fast Food Shops 7/14/2011 HM Revenue and Customs' crack down on tax evaders continues, with the government now using a taskforce to tackle alleged VAT abuse in London's fast food outlets.
|
 |
Azerbaijan Axes VAT Exemptions 7/13/2011 The Azerbaijani Cabinet of Ministers has scrapped the value-added tax exemption available to certain imported goods, reversing an earlier decision.
|
 |
South Korean Parliament Approves FTA With Peru 7/5/2011 The bilateral free trade agreement between South Korea and Peru, which was
signed on March 21 in Seoul, has now been ratified by South Korea's National Assembly,
after previously being passed by the foreign affairs and trade committee.
|
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.
