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The Internal Revenue Service has published a proposed revenue procedure in Notice 2017-17 for taxpayers seeking to change a method of accounting for recognizing income after the adoption of the new financial accounting standards for recognizing revenue (IFRS 15). Read Full Story
The tax measures contained Canadian Finance Minister Bill Morneau's second Budget are focused on closing loopholes, cracking down on tax evasion, and improving tax reliefs for the "middle class." Read Full Story
The Australian Chamber of Commerce and Industry has called on Parliament to pass the Government's company tax cuts in full, and not just the small business portion of the proposals. Read Full Story
Uber Canada has said that changes to the goods and services tax rules for ride-sharing businesses will "hurt over a million Canadians who use ride-sharing to earn income and get around their cities." Read Full Story
Lawmakers in New Zealand have approved legislation that would improve, strengthen, and update the rules for closely held companies, non-resident withholding tax and the approved issuer levy, and the goods and services tax rules. Read Full Story
The Internal Revenue Service has released a new revenue procedure that creates a fast-tracked method for small businesses and self employed persons to engage with the IRS to resolve disputes. Read Full Story
Australian Treasurer Scott Morrison has said that the Government's proposed company tax cuts will be put to Parliament over the next two weeks. Read Full Story
A committee of the UK's upper house of Parliament has called on the Government to further delay its Making Tax Digital plans until 2020. Read Full Story
The Canadian Federation of Independent Business has called on the Government to reduce the small business tax rate at the upcoming Budget. Read Full Story
The Australian Taxation Office has said that its officers will visit more than 400 businesses in Perth and Canberra over the next month as part of a campaign to help small businesses manage their tax affairs. Read Full Story
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