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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
HM Revenue and Customs is planning to make its Double Taxation Treaty Passport scheme available to all UK borrowers following a consultation on a legislative amendment. Read Full Story
Changes to Switzerland's Withholding Tax Ordinance will enter into force on April 1, with the aim of facilitating group financing activities. Read Full Story
The UK Budget, released on March 9, 2017, featured tax measures to, among other things, hike taxes on self-employed workers, further close avenues for legal avoidance, and defer mandatory digital tax reporting until April 2019. Read Full Story
Several tax reform measures are included in a fiscal plan published recently by the Government of Puerto Rico intended to stabilize the territory's tax revenue and put an end to serial budget deficits. Read Full Story
Australia's Financial Services Council has called for a simple, flat rate of withholding tax to be made available for Australian funds entering the Asia Region Funds Passport. Read Full Story
South Africa's 2017-18 Budget, announced by Minister of Finance Pravin Gordhan on February 22, has had to resort to tax hikes, particularly on the wealthy, in order to stabilize the country's fiscal position. Read Full Story
On February 17, Hong Kong and Pakistan signed a comprehensive double taxation agreement, which sets out the allocation of taxing rights between the two jurisdictions and will aid the assessment of tax liabilities arising out of cross-border economic activities. Read Full Story
Australia desperately needs large scale tax reform and should aim to rebalance its tax mix, the Institute of Public Accountants has argued. Read Full Story
The deVere Group, an independent financial consultancy, has begun lobbying in Washington for repeal of the US Foreign Account Tax Compliance Act. Read Full Story
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