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Pelosi Urges Permanent US Middle Class Tax Cuts 5/27/2012 The Democrat Party Leader in the United States House of Representatives, Nancy
Pelosi, has called on its Republican Speaker John Boehner to bring a permanent extension of the Bush individual income
tax cuts for those on middle incomes to the House floor immediately.
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CBO Warns Of Recession Risks Of US 'Fiscal Cliff' 5/25/2012 The Congressional Budget Office has illustrated the difficult choices that
United States political leaders face in formulating the right fiscal policies
to counteract what has been called the largest tax increase in history, set to
take place on January 1, 2013.
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Germany Unites On Draft 2013 Finance Act 5/24/2012 The German cabinet has recently united on the country’s 2013 finance bill,
together with the transport tax amendment bill, modifying both the motor vehicle
tax law and the insurance tax law.
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Accountants Urge IRS To Simplify Foreign Pension Reporting 5/24/2012 The New York State Society of Certified Public Accountants is calling on the US Internal Revenue Service to provide a simplified method of electing deferral of US taxation on Canadian pension plans, and is requesting additional guidance on the taxation of foreign retirement and pension plans due to consumer confusion over the filing procedures required by such programs.
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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.
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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.
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Think Tank Bemoans UK Coalition Rift On Marriage Tax Breaks 5/21/2012 The planned introduction of new tax breaks for UK families is being halted by a 'political tug of war' in the coalition government, the Centre for Social Justice has warned.
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Slovakian Lawmakers Back Fico's Austerity Programme 5/21/2012 Following weeks of debate, the Slovakian parliament has finally adopted by 82
votes to 53 the government’s austerity programme, designed to reduce the
budget deficit from 4.8% currently to below 3% of gross domestic product in 2013, and containing plans to increase taxes on the rich and on banks as well
as providing for savings of around EUR1.5bn (USD1.9bn).
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GOP Pressurizes Democrats Over 'Fiscal Cliff' 5/22/2012 In a letter to the United States Senate Majority Leader, Harry Reid, 41 Republican Senators, led by Ranking Member of the Finance Committee
Orrin Hatch, and Republican Leader Mitch McConnell have
urged him to take immediate action to stop the largest tax increase in history,
set to take place on January 1, 2013.
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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.
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Boehner Warns Of Looming 'Fiscal Cliff' 5/18/2012 With the prospect of a further stand-off between the Democrat and Republican parties
later this year over the United States government statutory debt limit, House
of Representatives Speaker John Boehner has returned to his mantra
of spending cuts with no tax increases.
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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.
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Bundesrat Blocks German Tax Cut Plans 5/16/2012 Germany’s coalition government has failed to secure a majority for its EUR6bn (USD7.7bn)
tax cut plans in the German Bundesrat, or upper house of parliament, despite predicted
additional tax revenues of around EUR30bn by 2016, compared to the November 2011
tax estimate.
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South Africa Consults On Retirement Savings Incentives 5/15/2012 Following the Minister of Finance Pravin Gordhan’s announcement in his 2012
Budget in February that the South African government is looking to provide incentives
for savings and the reform of the retirement industry, the National Treasury has
now published an overview consultation paper.
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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.
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UK Donations To Qualify For UK Top Up Payments 5/10/2012 Debate over the UK's reform of the tax treatment of charities continues, with news that charities will be able to claim top-up payments on certain small donations without needing donors to claim tax reliefs, and a new survey showing that a majority of peers object to plans to cap tax relief on donations.
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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.
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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.
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Merkel Set For Battle On Tax Cut Plans 5/8/2012 Ahead of a crucial vote in the Bundesrat, Germany’s upper house of
parliament, German Chancellor Angela Merkel has warned the federal states not
to block the government’s EUR6bn (USD8bn) tax cut plans, aimed at combating
fiscal drift in the country’s income tax law.
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France Begins Examination Of Hollande's Election Tax Package 5/8/2012 Following the upcoming legislative elections in June, French lawmakers are to
convene during an extraordinary session in July to examine a bill containing the
fiscal pledges outlined by President-elect François Hollande during his
election campaign, expected to increase the fiscal burden on households in France
to the tune of around EUR14bn (USD18.26bn).
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Hollande, Sarkozy Go Head-To-Head On Tax 5/7/2012 During a long, bitter televised debate, aimed at attracting wavering voters ahead
of Sarkozy's defeat on May 6, and punctuated by attack and counter attack, outgoing French President
Nicolas Sarkozy and new Socialist President François
Hollande went head-to-head on key election battleground issues including taxation
in France and the crisis in Europe.
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IRD Issues 2m Individual Tax Returns In Hong Kong 5/3/2012 As Hong Kong’s Inland Revenue Department begins sending
out 2.16m tax returns, the Commissioner of Inland Revenue, Chu Yam-yuen, reminded
individual taxpayers to file their tax returns by June 2, while sole proprietors
of unincorporated businesses have until August 2.
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Spanish U-Turn Sees VAT Rise In 2013 5/4/2012 Marking a dramatic about-turn, the Spanish government has confirmed plans to introduce
a ‘notable’ rise in value-added tax and to increase special taxes imposed on alcohol and tobacco next year.
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IRS Accepting Applications For Taxpayer Clinic Grants 5/4/2012 After the recent disclosure that applications could be made for the Tax Counselling
for the Elderly and Volunteer Income Tax Assistance grant programmes, the United
States Internal Revenue Service has now also announced the opening of the
2013 Low Income Taxpayer Clinic grant application process.
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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.
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Chile Announces Tax Reform Plan 5/2/2012 Chilean Finance Minister, Felipe Larrain has confirmed a package of measures that
aims to improve income distribution, and fund education reforms, whilst maintaining
Chile's competitiveness. This is to include the elimination of import duties from 2015, setting the nation apart from the rest of Latin America.
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Indonesia Promises Tax Threshold Increase 5/2/2012 Despite the government’s failure earlier this year to reduce fuel subsidies,
and thereby restrict Indonesia’s fiscal deficit, President Susilo Bambang
Yudhoyono has announced that the country’s individual income tax threshold
will be increased.
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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.
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Ireland To Tighten Tax Residence Rules 5/3/2012 Ireland's Minister for Finance Michael Noonan has launched a consultation
on possible revisions to the current tax residence rules designed to ensure that affluent individuals that have strong economic ties to Ireland but are not tax resident pay a 'fair contribution' in tax.
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Germany's SPD Eyes Solidarity Tax Rise 5/1/2012 The idea of maintaining and increasing beyond 2019 the country’s highly
unpopular solidarity levy,
as a means with which to finance the reduction of old debt, is rapidly gaining
momentum among leaders of Social Democrat-led states.
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Bahrain Urged To Explore Long-Term Tax Reform 5/1/2012 Bahrain should look to introduce a corporate income tax or value-added tax to
stabilize the country's finances, the International Monetary Fund has said.
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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.
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Dutch Lawmakers Unite On Austerity Budget 5/1/2012 Despite the recent collapse of Mark Rutte's minority coalition government and
ensuing panic on the already anxious markets, the Dutch parliament has finally adopted
the country’s budget package, designed to reduce the budget deficit to
3% of gross domestic product in 2013, and providing for savings of around
EUR12bn (USD15.9bn) next year.
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Hong Kong Gazettes Budget Measures 4/30/2012 The Inland Revenue (Amendment) Bill 2012, which aims to implement the concessionary
revenue measures proposed in the 2012-13 Budget, has been gazetted in Hong Kong.
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German States Seek To Further Simplify Tax Law 4/27/2012 Germany’s federal states are pressing ahead with plans to simplify the country’s
tax law.
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Singapore Consults On Parent Care Tax Relief 4/26/2012 Singapore's government is considering whether to allow sharing of a tax relief for caring for parents and elderly relatives among
claimants in such proportion as they may agree, and the Inland Revenue Authority
of Singapore has issued a consultation paper setting out the options which
it may adopt.
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Greek Conservatives Pledge Sweeping Tax Cuts 4/27/2012 Unveiling details of his economic programme in Athens recently, ahead of the May
6 elections, Greece’s New Democracy conservative leader Antonis Samaras
pledged to reduce taxes and to increase spending on low pensions, while at the
same time ensuring that the ambitious deficit reduction targets agreed with international
moneylenders are met.
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Congress Examines Tax-Advantaged Health Accounts 4/27/2012 On April 25, a US Congressional panel held a hearing focused on the limitations imposed
on the purchase of over-the-counter medication with tax-advantaged accounts,
such as health care flexible spending arrangements, health savings accounts and health reimbursement accounts.
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China Confirms Slowdown In Tax Revenue Growth 4/26/2012 The Ministry of Finance has announced final figures showing that China's tax revenues
increased substantially by 10.3% in the first quarter of 2012, much less than
the increase of 32.4% experienced in the first quarter of last year, and the slowest
growth rate in three years.
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Low Tax Receipts Hike UK Borrowing Figures 4/27/2012 Weak tax receipts helped push up UK public sector borrowing in March, with large corporate tax repayments and no increase in value-added-tax receipts among the factors to blame.
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Austria's Tax Revenues Rise 4/26/2012 The Austrian finance ministry has recently published details of its tax revenue
figures for the first quarter of the year, showing total income from January to
March 2012 of around EUR16.2bn (USD21.4bn), up by approximately EUR600m or 3.8% from the first
quarter of 2011.
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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.
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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.
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Germany Sees Record Q1 Tax Revenues 4/25/2012 German tax revenues reportedly soared to record heights in the first quarter of
this year, despite a sluggish economy over the winter months.
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Committee Scrutinizes UK Top Tax Rate Cut 4/23/2012 The UK tax authority, HM Revenue and Customs, should publish a new assessment on the likely impact of lowering the UK's top rate of income tax, a group of lawmakers has said, warning that the costs and benefits of the measure are both highly uncertain.
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Spain Defends 2012 Austerity Measures 4/23/2012 During a recent address to congress to present and explain the government’s
2012 budget, Spain’s Secretary of State for Finance Miguel Ferre underscored
that the tax measures provided for in the budget plans will enable the country
to achieve its fiscal consolidation targets.
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EU Tax Issue With Guernsey's Tax Regime 4/23/2012 Guernsey's zero-ten corporate tax regime has been confirmed as 'harmful' by the
European Union's Code of Conduct Group on Business Taxation. The Code Group had previously ruled similarly in relation to the zero-10
regimes of both Jersey and the Isle of Man.
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Taiwan Mulls Reduced Tax Rate For Expatriates 4/20/2012 It is likely that the government will propose measures to attract foreign professionals
and other white-collar managers to Taiwan, on the instigation of the Taiwanese
Premier Sean Chen.
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US Congress Looks At Retirement Account Tax Reform 4/20/2012 The United States House of Representatives Ways and Means Committee has held a
hearing on possible modifications to tax-favoured retirement savings plans, including
employer-sponsored defined contribution plans and individual retirement accounts, which might be considered as part of comprehensive tax reform.
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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).
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France Launches 2012 Income Tax Campaign 4/18/2012 France’s directorate general of public finance has recently published
details of the timeframe for filing 2012 income tax declarations, together with
details of changes to look out for this year.
|
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NZ Consults On Salary Trade-Off Tax Proposals 4/18/2012 New Zealand's government is seeking views on its plans to broaden the tax rules for salary and benefit packages, intended to improve fairness in the tax system.
|
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New UK Non-Dom Scheme Welcomed 4/18/2012 The UK's new 'non-dom' legislation provides potentially attractive relief, but investors must be aware of the complex rules, lawyers have warned.
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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.
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Charities Fear UK Tax Relief Cap 4/17/2012 Chief executives of the UK's top charities fear that the planned cap on tax relief will curb donations and have called on the government to scrap the proposals.
|
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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.
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Hong Kong, Indonesia DTA Comes Into Force 4/17/2012 It has been announced that the agreement for the avoidance of double taxation, signed between Hong Kong and Indonesia on March 23, 2010, came into force
on March 28 this year, after the completion of ratification procedures on both
sides.
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China's Tax Revenue Growth Slows 4/17/2012 The Ministry of Finance has announced that China's national fiscal revenue increased
substantially by 14.7% in the first quarter of 2012, marginally higher than the
13.1% rise seen in the first two months of this year, but much less than the increase
of 33.1% experienced in the first quarter of 2011.
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Study Sresses Tax Contribution Of US Auto Industry 4/17/2012 A study from the Center for Automotive Research has highlighted the 'significant' contribution that the auto industry now provides to state and federal tax revenues, as
it makes a recovery from the recent economic recession.
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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.
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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.
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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.
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Osborne 'Shocked' By UK Tax Dodging 4/13/2012 George Osborne has admitted to being 'shocked' by high levels of tax avoidance amongst the UK's wealthiest people, hinting at his support for a so-called 'tycoon tax'.
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Irish Tax Breaks Not Generous Enough, Minister Warns 4/12/2012 Tax breaks for executives are not generous enough, Ireland's Minister for Jobs has been reported as warning the Finance Minister.
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HMRC Launches Bereavement Service 4/11/2012 HM Revenue and Customs is to improve and streamline its customer service programme by launching a Bereavement Service for taxpayers.
|
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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.
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France's Hollande Unveils 'Vast' Tax Reform Plans 4/11/2012 Bernard Cazeneuve, spokesman for the French Socialist presidential candidate
François Hollande, has recently unveiled details of Hollande’s tax
reform plans, designed to simplify and to make more transparent the current tax
system, and to create greater fiscal justice in France, reflecting true Republican
values.
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UK Opposition Attacks New Tax Year Changes 4/10/2012 The Labour party's Ed Balls has slammed the latest round of tax and benefit changes to hit UK taxpayers, arguing that families with children are set to lose over GBP500 a year.
|
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UK Taxpayers Educated On Working Tax Credit Changes 4/9/2012 The Low Incomes Tax Reform Group in the United Kingdom has warned a number
of groups of tax credit claimants that they need to contact the UK tax authority,
HM Revenue and Customs, if they want to continue to receive working tax credits,
following the enactment of Budget provisions.
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UK Taxpayers Missing Out On Tax-Free Saving Opportunities 4/10/2012 New research from Standard Life says that a general lack of awareness about the UK tax system
is preventing UK taxpayers from capitalising on tax relief available annually on contributions
to Individual Savings Accounts (ISAs) and personal pensions.
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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.
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Irish Tax Revenue On The Up 4/6/2012 Irish tax revenues were 10.2% ahead of target in March, an improvement caused by later than expected corporate tax collections and the technical reclassification of some income tax receipts.
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EU To Investigate Cross-Border Worker Taxation 4/6/2012 Tax provisions of European Union member states are to be scrutinized to ensure that they do not discriminate against cross-border workers, in a targeted initiative launched by the European Commission.
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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.
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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.
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Hong Kong Issues 2011-12 Tax Returns 4/4/2012 On April 2, Hong Kong’s Inland Revenue Department issued about 170,000
profits tax returns, 120,000 property tax returns and 220,000 employer's returns
for the year of assessment 2011/12, and about 2.16m tax returns for individuals
will be issued on May 2.
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Obama Pushes For Buffett Tax 4/4/2012 President Barack Obama has reiterated his strong recommendation for Congress to
pass, in the near future, a 'Buffett tax' on the wealthiest United
States taxpayers, although he obviously knows that such a tax would be extremely
unlikely to obtain the approval of his Republican electoral opponents.
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Gordhan Reviews South African Tax Season 4/3/2012 South Africa’s Minister of Finance, Pravin Gordhan, has disclosed the preliminary
tax collection results of the South African Revenue Service for the 2011/12
fiscal year, and introduced its new five-year Compliance Programme.
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German Bundestag Backs Tax Cuts 4/2/2012 The German Bundestag, or lower house of parliament, has recently adopted by 310
votes to 243 the coalition’s EUR6bn (USD8bn) tax cut plans, aimed at combating
fiscal drift in the country’s income tax law.
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Italy's Compliance Drive Paying Off 4/2/2012 An Italian Revenue Agency statement has illustrated the much improved results
it achieved last year from its two-prong strategy of targeted tax compliance measures
and more-efficient services for taxpayers.
|
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Hong Kong's Cash Bonus Enters Second Stage 4/2/2012 The Financial Services and the Treasury Bureau has confirmed that the second stage
of Hong Kong’s HKD6,000 cash handout scheme commences on April
1.
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CGT A Top Priority For Taiwan's Tax Panel 4/2/2012 Christina Liu, Taiwan’s Minister of Finance has disclosed that the government’s
tax committee has, as one of its top priorities, the proposal for a capital gains
tax on stock exchange profits.
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Slovakia's Fico Eyes End To Popular Flat Tax 3/30/2012 Tasked by Slovak President Ivan Gasparovic with the role of forming a new government,
Slovakia’s recent election victor Robert Fico has announced plans to abolish
the country’s flat tax and to reintroduce a progressive system of taxation.
|
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Guernsey Reports Strong Tax Amnesty Take-Up 3/29/2012 The Guernsey government has reported a significant uptake from taxpayers of its
income tax irregularities amnesty launched in 2011.
|
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South Africa Issues Tax Guide For Shareholders 3/28/2012 The South African Revenue Service has issued a new tax guide for shareholders,
in which it attempts to provide general guidance for the increasing number of
South Africans who have become owners of shares.
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UK Budget Delivers Tax Cuts 3/23/2012 George Osborne has delivered a Budget that ‘unashamedly backs business’, slashing the top rate of personal income tax and accelerating corporate tax cuts.
|
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Cantor Proposes US Small Business Tax Cut 3/23/2012 The United States House of Representatives Majority Leader Eric Cantor has introduced the Small Business Tax Cut Act of 2012, aimed at helping small
businesses to grow and to hire new workers.
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Number Of French Tax Exiles 'Marginal' 3/22/2012 Linked to the French finance ministry, the national union of tax officials has recently revealed that only one in one thousand individuals subject to wealth
tax actually leaves France each year.
|
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GOP Budget Provides US Tax Cuts 3/22/2012 The Republican Party’s 2013 budget, proposed by the House of Representatives
Budget Paul Ryan (R – Wisconsin), which reduces government spending to curb
its fiscal deficit and debt levels, also includes the framework for a revenue-neutral
reform of the United States tax code.
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Italy Boasts New Weapon In War On Evasion 3/22/2012 The Italian Revenue Agency’s Director, Attilio
Befera, has announced that its new, revamped ‘redditometro’ –
the computer data system which compares taxpayers’ income declarations with
their spending habits – is now expected to be fully operational by June
this year.
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US Tax-Exempt Groups Open To More Scrutiny 3/20/2012 The United States Internal Revenue Service has launched a new online search tool,
Exempt Organizations Select Check, to help users more easily find key information
about tax-exempt organizations, such as federal tax status and filings.
|
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Hollande Resurrects French 'Rocard Cap' 3/19/2012 Having recently announced plans to introduce a 75% rate of tax in France, levied
on income in excess of EUR1m (USD1.3m), French Socialist candidate for the Elysée
François Hollande has subsequently put forward the idea of re-establishing
a cap on taxation, to ensure that it is not ‘confiscatory’.
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Families To Lose Most From UK Tax Changes 3/15/2012 Households with children are set to lose the most from the UK's forthcoming tax and benefit changes, the Institute for Fiscal Studies has said.
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NZ Pushes Tax Credits For 'Payroll Giving' 3/15/2012 New Zealand's Revenue Minister Peter Dunne has praised the creation of a new website which offers information for employers seeking to establish Payroll Giving schemes in their workplaces.
|
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Swiss 'Flat Taxes' Under Attack 3/14/2012 During recent federal and cantonal votes, the Swiss canton of Appenzell Ausserrhoden in the north of Switzerland voted in favour of abolishing the flat rate
of tax currently benefiting wealthy foreigners.
|
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Sarkozy, Hollande Lock Horns On Taxation 3/14/2012 With just a month and a half to go before the start of the elections, French presidential
candidates Nicolas Sarkozy and his Socialist rival François Holland have
once again crossed swords on the key battleground issue of taxation.
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Deputy PM Backs UK 'Tycoon Tax' 3/13/2012 The UK's Deputy Prime Minister Nick Clegg has voiced his support for a 'tycoon tax', with a minimum tax rate enshrined in legislation to make sure everyone pays a 'fair share'.
|
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Schäuble Set To Remove Voluntary Service Tax Break 3/12/2012 Just eight months after the official end to national service and conscription
in Germany, the German finance ministry is considering whether or not income paid
to volunteers in either the military service or the government’s new federal
volunteer service should be taxed.
|
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US Lawmakers Mull Small Business Tax Reforms 3/13/2012 The House of Representatives Committee on Ways and Means has held a hearing to
examine how the United States tax code affects closely-held businesses, and how and under which sets of rules
such firms should be taxed within any future tax reform.
|
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Swiss Lawmakers Back Bonus Tax 3/12/2012 Marking an about-turn, the Swiss National Council has narrowly voted in favour
of plans to impose a tax on large bonuses in Switzerland in excess of CHF3m (EUR2.5m)
(USD3.3m).
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