July 29, 2014 | having difficulty Viewing this email? view THE online version

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Brazil Urges Mercosur-Pacific Alliance FTA

Brazil has called for the completion of a free trade agreement between the Latin American trade blocs Mercosur and the Pacific Alliance by the end of this year.
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Top EU Official Slams Hungarian Advertising Tax

European Union Digital Agenda Commissioner Neelie Kroes has accused Hungary of using tax policy as a political weapon, in a strongly-worded rebuke that takes aim at the country's controversial new tax on advertising.
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Details Emerging Of South Korea's Corporate Reserves Tax

In his remarks to a forum organized by the Federation of Korean Industries (FKI) on July 26, South Korea's new Deputy Prime Minister and Minister of Strategy and Finance, Choi Kyung-hwan, gave further details of his proposal to tax companies' cash reserves as an incentive to either pay increased wages and dividends, or increase their capital investment, thereby, hopefully, boosting economic growth.
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Pressure Builds On Philippines To Raise Income Bonus Cap

The parliamentary pressure on the Philippine Government to raise the income tax exemption cap on an individual's 13th-month pay and other benefits, such as productivity incentives and Christmas bonuses, has ramped up another notch with the introduction in the House of Representatives of another bill.
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