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The Australian Government will introduce a new tax exemption for superannuation funds and life insurance companies offering innovative income stream products. Read Full Story
A survey of Vietnamese firms found that tax administration reforms have improved conditions for businesses but further changes are needed to make complying more simple and to modernize arrangements. Read Full Story
Hungary should improve tax administration and cut back on the number of tax exemptions, the International Monetary Fund has said. Read Full Story
The South African National Treasury has published final amendments to the overall regulations covering tax-free savings accounts for the year beginning March 1, 2017. Read Full Story
The European Commission has launched a consultation on improving administrative cooperation and increasing efforts to tackle cross-border value-added tax fraud. Read Full Story
A draft report by the National Development and Reform Commission has disclosed that China is formulating tax policies and regulations for the country's fast-growing sharing economy sector. Read Full Story
The UK Government should clarify to what extent UK value-added tax rules will change post-Brexit and allocate resources to support businesses during the transition, the British Chambers of Commerce has said. Read Full Story
The UK Government has proposed legislation to increase the subscription limit for tax-free Individual Savings Accounts to GBP20,000 (USD25,083) per year from GBP15,240 on April 6, 2017. Read Full Story
PwC said it expects new tax rules for the digital economy to be the next pressing issue for policy makers. Read Full Story
On February 21, 2017, the European Council reached a compromise on a new Directive aimed at closing down hybrid mismatches between EU tax systems and those of non-EU countries. Read Full Story
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