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Tax-News.com carries topical headlines and features on international tax, legal, economic, business and investment issues.

 

 

Latest Tax-News Special Feature

 

Cyprus Review - Banks

 

After sailing through the initial phase of the global financial meltdown and ensuing credit crunch relatively unscathed, the European debt crisis has, it seems, finally caught up with Cyprus, with its banks heavily exposed to their Greek counterparts.

 

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Latest Tax News

 

US Senate Forbids Airlines To Comply With EU ETS

Following the passage by the United States House of Representatives in October last year of a bipartisan bill to ban US airlines from complying with the European Union's emissions trading scheme, the Senate has now unanimously passed similar legislation.
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Indonesian Government Agrees To Raise Tax Ratio Target

In a recent meeting, the Indonesian government, represented by Minister of Finance Agus D.W. Martowardojo, and Commission XI of House of Representatives, which has responsibility for finance, finally agreed to increase the country's tax ratio target to 13.5% of gross domestic product in 2013.
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US Pushes New International Services Agreement

The House of Representatives Subcommittee on Trade of the Committee on Ways and Means has held a hearing on the benefits of expanding United States trade in services through an international services agreement.
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Greece Harmonizes Gaming Taxes

The Greek finance ministry has reached an accord with the European Commission to impose a new 30% levy on offline gaming profits from January 1, 2013, thereby aligning the taxation of offline gaming with the taxation of online gambling.
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India Approves Investor Tax Relief Scheme

India's Finance Minister Shri. P. Chidambaram has approved a new tax relief scheme targeted at first time retail investors in the securities market.
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