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The Security Summit – a collaboration between the US Internal Revenue Service, tax preparation and software firms, and state tax administrators – has warned tax professionals to be alert to a new phishing email scam where fraudsters impersonate software providers. Read Full Story
The US Internal Revenue Service has decided to continue to allow individual tax returns in the current filing season even if the taxpayer has not indicated their health insurance coverage status. Read Full Story
In his State of the Nation Address on February 14, Seychelles' President Danny Faure announced that the implementation of a progressive personal income tax regime will be delayed to January 1, 2018. Read Full Story
The Retail Industry Leaders Association and CEOs of several large US retail companies met President Donald Trump on February 15 to discuss US tax reform, and to express their opposition to the proposal for border adjustability. Read Full Story
The European Commission has called on Spain to lower the penalties it applies to taxpayers who fail to report assets held abroad. Read Full Story
The two leading contenders in the 2017 Hong Kong Chief Executive election scheduled for March 26 have both proposed tax policies favoring the city's small- and medium-sized enterprises. Read Full Story
The South African Revenue Service has issued revised capital gains tax guides that provide a basic introduction to the tax for companies and individuals for the 2017 year of assessment, which covers the period from March 1, 2016, to February 28, 2017. Read Full Story
The Australian Government has launched a consultation on how to improve transparency surrounding the beneficial ownership of companies. Read Full Story
According to Treasury Department statistics published in the Federal Register, a record 5,411 US taxpayers gave up their passports or their green cards in 2016 – over 26 percent more than the previous record of 4,279 set in 2015. Read Full Story
The Australian Government has hailed the passage of a package of tax reforms to improve income averaging arrangements for farmers and provide the Tax Commissioner with a new power. Read Full Story
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