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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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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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Malaysia, Australia Sign FTA 5/24/2012 On May 22 in Kuala Lumpur, as a complement to the existing regional agreement between Australia
and the Association of Southeast Asian Nations, of which Malaysia was
one of the original members, Australia's Trade Minister Craig Emerson and his
Malaysian counterpart Mustapa Mohamed signed a comprehensive bilateral free trade
agreement.
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Germany's Fiscal Court President Seeks Simpler Tax Law 5/23/2012 The President of Germany’s Federal Fiscal Court Rudolf Mellinghoff has called
for a drastic simplification of the country’s highly complicated tax law.
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Few US Small Businesses Claim Health Insurance Tax Credit 5/23/2012 The United States Government Accountability Office has released a study showing
that very few small businesses are taking advantage of the Small Employer Health
Insurance Tax Credit, which was included in President Barack Obama’s health
care legislation.
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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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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.
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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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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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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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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.
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Belgium Warned Of Further Austerity Ahead 5/18/2012 Belgium’s Federal Planning Bureau, providing economic analyses and forecasts
for the government, has recently announced that if Belgium is to limit its public
deficit to 2.15% of gross domestic product in 2013 and to re-establish
a balanced budget in 2015, in line with its targets, new measures totalling
around EUR11bn (USD14bn) will be necessary, of which EUR3bn from next year.
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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.
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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.
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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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Italian Property Tax Slammed As 'Odious And Inequitable' 5/17/2012 Niccoló Rinaldi, head of the Italian opposition party, Italia dei Valori,
in the European Parliament, has described the new Italian tax on the value of overseas
properties and financial assets as only the latest in a long line of attacks on
the finances of Italian expatriates.
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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.
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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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Belgian Residents Stifled By Hollande's Tax Plans 5/15/2012 Over 100,000 Belgians will be affected by French President-elect François
Hollande’s plans to increase the taxation of secondary residences in France,
according to Belgian newspaper La Libre.
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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.
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UK Government Blasted Over IR35 Proposals 5/14/2012 HMRC has missed a great opportunity to bring clarity, transparency and fairness in dealing with the intermediaries legislation commonly referred to as IR35, according to members of the freelance community who were invited on to the Treasury forum to discus the issue.
|
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South Korea To Cut Property CGT 5/14/2012 The South Korean government has disclosed that it will try to boost the local
housing market by relaxing restrictions on property transactions and cutting property
transfer tax rates.
|
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Hungary To Abolish Bank Tax 5/11/2012 The Hungarian government has announced plans to halve the country’s bank
tax in 2013, before subsequently abolishing the levy in 2014.
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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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Australia To Exempt Latest Flood Victims From Levy 5/8/2012 Australian Treasurer Wayne Swan has said that those affected by flooding earlier in the year will be exempt from the flood levy.
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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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IoM Will Not Follow UK's Lead On Taxing Business Jets 5/7/2012 The Isle of Man's Treasury Minister, Eddie Teare has confirmed that, despite the
territory maintaining many similar elements to the United Kingdom tax regime,
the island will not follow suit with the UK government's decision to begin taxing
small business aircraft under the Air Passenger Duty regime.
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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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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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HMRC Apologises For Self-Assessment Penalty Error 5/3/2012 The UK tax authority, HM Revenue and Customs, has apologised to taxpayers following the dispatch of incorrect
penalty notices to individuals supposed to have been removed from its Self Assessment
program.
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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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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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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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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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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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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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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.
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ECJ Rules Against Dutch Tax On Cross-Border Car Use 5/2/2012 The European Court of Justice has disagreed with the Dutch government's tax treatment of vehicles registered in other European Union states that are loaned free of charge and used on a non-permanent basis on Dutch roads.
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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.
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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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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.
|
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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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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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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.
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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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Taiwan's Cabinet Tweaks Final CGT Structure 4/30/2012 Taiwan’s Finance Minister Christina Liu has confirmed the government has
agreed the final structure of the new capital gains tax, that it intends
to impose on profits made from trading in shares and bonds.
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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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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.
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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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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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EU Data Watchdog Confirms ACTA Privacy Concerns 4/26/2012 The European Data Protection Supervisor has issued a further Opinion, deciding
that the Anti-Counterfeiting Trade Agreement may have unacceptable side
effects on the fundamental rights of individuals, if its measures are not implemented
properly.
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Swiss Parliament Adopts Tax Deal With Austria 4/25/2012 Switzerland’s Federal Council has recently adopted the text of the
withholding tax agreement with Austria.
|
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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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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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Germany's SPD Ups The Ante On Wealth Tax 4/20/2012 Marking a further shift to the left, four Social Democrat-led states
reportedly intend to submit to parliament, ahead of the summer recess, a bill
providing for the reintroduction of wealth tax in Germany.
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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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IRS Consults On Public Sector Retirement Age Rules 4/23/2012 It has been announced that the United States Internal Revenue Service and
the Treasury Department anticipate issuing guidance relating to the applicability
of the normal retirement age rules to governmental plans.
|
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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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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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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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Ireland Urged To Ease Property Tax For Low-Paid 4/19/2012 The Irish government's planned property tax could be fairer than the current interim household charge, the Economic and Social Research Institute has said, warning that the current system hits lowest earners hardest.
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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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France Sees Dip In 'Auto-Entrepreneurs' 4/18/2012 Urssaf, the French organization responsible for the collection of social contributions,
has recently unveiled details of its latest assessment of the country’s
‘auto-entrepreneur’ regime, with its fiscal benefits for individual
traders in France, taken at the end of December 2011.
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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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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.
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Swiss Bankers Welcome Tax Deal With Austria 4/18/2012 The Swiss Bankers Association has recently taken note of the signing
of the bilateral tax agreement between Switzerland and Austria, and has welcomed
the fact that the Confederation’s strategy for tax conformity, defined
over two years ago, has now been substantiated with a third European country
following the agreements signed with the UK and with Germany.
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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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Details Provided Of Taiwan's Proposed CGT 4/17/2012 Taiwan's Finance Minister Christina Liu has announced the structure
of the new capital gains tax that the government will impose on profits made from trading in shares, bonds and derivative products, such as futures and options.
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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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Hong Kong, Spain DTA Enters Into Force 4/16/2012 The agreement for the avoidance of double taxation, signed between Hong
Kong and Spain on April 1 last year, came into force on April 13, after the completion
of ratification procedures on both sides.
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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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EU Consults On Rules For Wirelessly Connected Devices 4/13/2012 The European Commission has launched a public consultation to ensure that
the rights of individuals are respected in the so-called "Internet of Things", where everyday objects, such as phones and cars, are wirelessly connected
to the internet through smart chips, and can collect and share data.
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Netherlands, Germany Seal New DTA 4/16/2012 German State Secretary for Foreign Affairs Emily Haber and Dutch State Secretary
for Finance Frans Weekers have recently signed in Berlin a new bilateral double
taxation agreement between the two countries.
|
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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.
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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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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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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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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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Taiwan's CGT Unlikely To Affect Small Retail Investors 4/12/2012 Following a further meeting of the government’s tax reform committee, Taiwan’s
Minister of Finance Christina Liu has indicated that the proposal on a new capital
gains tax on stock exchange profits is likely to be presented to the Executive
Yuan shortly, but would also then need to be passed through the Legislative Yuan.
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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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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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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.
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UK Overhauls Employment Tribunal Law 4/6/2012 Radical changes to the UK's employment laws come into effect this week, which the government says will cut unnecessary demands on employers, and encourage growth, while safeguarding workers’ rights.
|
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Singapore Property Prices Show Fall After Tax Hike 4/6/2012 Following the government’s announcement in December last year of an Additional
Buyer’s Stamp Duty, the Urban Development Authority has disclosed
that Singapore’s estimated private residential property price index fell
in the first quarter of 2012.
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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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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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Singapore Eases Small Business Tax Compliance 4/3/2012 At the annual Budget Seminar organized by the Tax Academy of Singapore, Moses
Lee, the Commissioner of Inland Revenue, has disclosed that the Inland Revenue
Authority of Singapore is to introduce a further simplification of tax
filing for small companies.
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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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Spain Unveils Tough Austerity Budget 4/3/2012 The Spanish government of Mariano Rajoy has recently unveiled details of Spain’s
2012 austerity budget, the toughest in recent history, providing for savings totalling
around EUR27.3bn (USD36bn), and including the EUR15bn in tax rises and expenditure
cuts announced back in December.
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EU Consults On Future Insolvency Law 4/3/2012 The European Commission has launched a public consultation on modernizing
European Union rules governing insolvencies, which have applied since May
2002 and set out how bankruptcies – of companies or individuals –
should be coordinated between member countries.
|
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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.
|
 |
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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HMRC Launches UK Tax Academy 3/30/2012 HM Revenue and Customs has launched a new Tax Academy in the UK, offering staff the chance to work towards two professional degrees.
|
 |
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.
|
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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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