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For the third consecutive year, the US Internal Revenue Service has placed abusive micro-captive insurance tax shelters on its list of top tax scams to watch out for in the 2017 filing season. Read Full Story
The Freelancer and Contractor Services Association has challenged a report that sought to provide evidence of the need to equalize National Insurance (social security) contributions for employed and self-employed persons in the UK. Read Full Story
The UK should reform the business rates (commercial property tax) system and research and development tax credit schemes in its upcoming Budget, says the Confederation of British Industry. Read Full Story
The UK Government should raise taxes on self-employed persons, according to a study from the Institute of Fiscal Studies, which says employees pay GBP1,240 (USD1,550) more in tax a year on average on the same income. Read Full Story
Brattle Group has updated its economic impact study of legislation introduced into the US Congress to close the so-called "tax loophole" said to provide foreign-owned insurers with an opportunity to obtain a significant advantage over their American competitors. Read Full Story
The Hong Kong Government has released a report on its consultations regarding a proposed Voluntary Health Insurance Scheme, summarizing the consultation outcomes and proposing tax breaks. Read Full Story
The United States National Taxpayer Advocate Nina E Olson, has once again emphasized the need for simplification of the US tax code in her annual report to Congress. Read Full Story
With talk beginning in the new Congress of a repeal of President Barack Obama's Affordable Care Act, the US Chamber of Commerce has urged the immediate elimination of the health insurance tax as an immediate necessity. Read Full Story
Within its proposed policy framework for 2017, the South Korean Ministry of Strategy and Finance has announced various tax changes to counteract the continued economic uncertainties, including measures to create jobs and support new growth industries. Read Full Story
According to statistics from the UK's Office for National Statistics, an expected slowdown in economic growth could lead to fiscal challenges for the UK. Read Full Story
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