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There has been confusion in Thailand over remarks made by Prime Minister Prayut Chan-o-cha, after the premier appeared to suggest increasing the seven percent VAT rate to eight percent to boost the government's coffers for the funding of various public projects. Read Full Story
In a bid to attract wealthy individuals to relocate to the country, and high net worth Italian expats to return there, the Italian authorities have introduced a EUR100,000 (USD106,251) per year substitute tax on foreign income and gains for previous non-doms who declare Italy as their primary tax residence. Read Full Story
The UK Government should scrap capital gains tax, stamp duty, council tax, business rates, and inheritance tax to boost the economy, the Institute of Economic Affairs has recommended in a new report. Read Full Story
The UK Government is expected to announce changes to the tax rules for self-employed people in the UK's imminent Budget announcement. Read Full Story
Legislation reintroduced in both the Senate and the House of Representatives calls for the repeal of the estate tax, or "death tax" as it is commonly known in the United States. Read Full Story
Parliamentary approval was received on January 11 for the Taiwanese Government's proposals to hike cigarette and inheritance taxes, to find the extra funds needed to finance a long-term elderly care program. Read Full Story
South Africa's Ministry of Finance has published the 2016 Taxation Laws Amendment Bill, which has received parliamentary approval and gives effect to the tax changes announced in the Budget in February this year, together with legislation confirming the final details of. the Special Voluntary Disclosure Program. Read Full Story
The Institute of Economic Affairs, a think tank in the UK, has proposed a radical reform of the tax system, including the repeal of some 20 taxes. Read Full Story
On November 1, Americans for Tax Reform President Grover Norquist submitted a comment letter to US Treasury Secretary Jacob Lew opposing the proposed regulation that would increase the incidence of the estate tax (or the "death tax," as it is also called). Read Full Story
The US Chamber of Commerce wrote a letter on October 24 in support of the legislation introduced in the House of Representatives that would eliminate the proposed changes to Section 2704 of the Internal Revenue Code on estate and gift tax valuation discounts. Read Full Story
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