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International Tax »

IRS To Close Carried Interest Loophole, Says Mnuchin

The Internal Revenue Service (IRS) will issue guidance soon to close a tax loophole that is said to be enabling hedge fund managers to access lower rates of tax reserved for carried interest. Continue Reading »


International Law »

Australia's Board Of Taxation Considers Bare Trusts Tax Reform

Australia's Board of Taxation has published the results of its review into the taxation of bare trusts. Continue Reading »




Politics & Economics »

India Clarifies Capital Gains Tax Changes

India's Central Board of Direct Taxes has released further information on the long-term capital gains tax announced in the recent budget, in the form of a list of answers to frequently asked questions. Continue Reading »


Offshore »

Australia Adds To Diverted Profits Tax Guidance

The Australian Tax Office on February 7 released draft Practical Compliance Guideline 2018/D2 on the operation of Australia's Diverted Profits Tax for consultation. Continue Reading »




Business »

US House Approves Generalized System Of Preferences Bill

On February 13, 2018, the US House of Representatives voted 400-2 to pass a bipartisan bill to renew the Generalized System of Preferences. Continue Reading »


E-Commerce »

EU, Japan Finalize Landmark Free Trade Deal

The EU's new free trade agreement with Japan, finalized by negotiators from both sides on December 8, 2017, has been described as the European bloc's most comprehensive yet. Continue Reading »




Aviation »

Fall-off Noted In German Environmental Tax Burden

Environmental tax revenue as a percentage of Germany's overall tax take has fallen to its lowest level in more than 20 years, according to the country's statistical agency. Continue Reading »


Marine »

EC Scrutinizes Tax Breaks For Polish Shipyards

The European Commission has opened an in-depth investigation into a Polish tax scheme for shipyards, which it says could give shipbuilders an unfair competitive advantage over rivals. Continue Reading »




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