Time For Latin America, Caribbean To Hike Tax: World Bank

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, April 19, 2018

With economic recovery being reported in Latin American and Caribbean states, a new World Bank report says governments must now look to fiscal policy to reduce their deficits. Read Full Story

Switzerland Adopts Dispatch On New DTAs

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, April 19, 2018

The Swiss Federal Council has adopted dispatches on a new double tax agreement with Zambia and a protocol to the current agreement with Ecuador. Read Full Story

Guernsey Regulator Releases Stock Market Integrity Code

by Jason Gorringe, Tax-News.com, London

Thursday, April 19, 2018

Guernsey's financial services regulator, the Guernsey Financial Services Commission, has released a draft code on market conduct standards focusing on behavior it considers amounts to market abuse. Read Full Story

UK Revisits Proposed BEPS Changes To Its Double Tax Treaties

by Jason Gorringe, Tax-News.com, London

Thursday, April 19, 2018

The UK tax agency, HM Revenue and Customs, on April 16, 2018, released proposed changes to the list of amendments it intends to make to its bilateral double tax avoidance agreements through the OECD's base erosion and profit shifting multilateral instrument. Read Full Story

New Zealand Confirms Virtual Currencies Are Property For Tax Purposes

by Mary Swire, Tax-News.com, Hong Kong

Thursday, April 19, 2018

New Zealand has joined a number of territories in confirming this month that virtual currency transactions are taxable as property, in new guidance that was issued at the beginning of the month. Read Full Story

German Industry Cautions Against EU Digital Tax

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, April 19, 2018

The Federal Association of German Industry has said that proposals for a tax on digital companies will be detrimental to the European economy and exacerbate trade tensions between Europe and the United States. Read Full Story

Sparce Fiscal Room For Irish Budget Tax Cuts

by Jason Gorringe, Tax-News.com, London

Thursday, April 19, 2018

The Irish Government will have limited fiscal space available for either tax cuts or new spending measures in its next Budget, according to its latest Stability Programme Update. Read Full Story

Australia Urged To Resist Tax 'Race To Bottom'

by Mary Swire, Tax-News.com, Hong Kong

Thursday, April 19, 2018

An open letter organized by The Australia Institute has urged the Australian Government not to join a race to the bottom on tax and to instead focus on tackling tax avoidance and tax loopholes. Read Full Story

Poland To Amend Minimum Tax On Commercial Property

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, April 17, 2018

Poland has announced amendments to the minimum tax on commercial property, which are designed to align the measure with European Union state aid rules and reduce opportunities for tax avoidance. Read Full Story

EU Tax Working Group To Discuss Digital Tax, MNE Tax Issues

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, April 17, 2018

The EU's High Level Working Party (Taxation) will discuss international tax reform at its meeting on April 18. Read Full Story

Japan Studying How To Cushion Sales Tax Hike Impact

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, April 17, 2018

Japan's Chief Cabinet Secretary, Yoshihide Suga, has announced a task force will be set up to consider ways to mitigate the negative impact of the planned 2019 consumption tax rise. Read Full Story

Nigeria Extends Amnesty To June 30

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, April 17, 2018

Nigeria's President, Muhammadu Buhari, has confirmed a final extension to the country's Voluntary Assets and Income Declaration Scheme (VAIDS) until June 30. Read Full Story

Guam To Launch Tax Amnesty

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, April 17, 2018

The Government of Guam, a US territory located in the Pacific, has announced proposals for a temporary tax amnesty program. Read Full Story

OECD Urges International Tax Reform Of Savings, Investments

by Ulrika Lomas, Tax-News.com, Brussels

Friday, April 13, 2018

"While countries do not necessarily need to tax savings more, there is a lot of room to improve the way countries tax savings," according to Pascal Saint-Amans, Director of the OECD Centre for Tax Policy and Administration. Read Full Story

US House Lawmakers Considering IRS Overhaul

by Mike Godfrey, Tax-News.com, Washington

Friday, April 13, 2018

The Ways and Means Committee of the US House of Representatives considered bills to overhaul the Internal Revenue Service (IRS) and strengthen taxpayer protections at its recent markup session. Read Full Story

India Consults On Advance Pricing Agreement Regime Changes

by Mary Swire, Tax-News.com, Hong Kong

Friday, April 13, 2018

India's Central Board of Direct Taxes has launched a consultation on changes to the country's tax ruling process and forms to enable the country to exchange information on tax rulings with other countries' tax authorities, as proposed by the OECD in its base erosion and profit shifting (BEPS) project. Read Full Story

Poland Draws Fire For 'Draconian' Virtual Currency Tax Policy

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, April 17, 2018

A petition has been started in Poland in protest at the Government's new transaction tax on cryptocurrency trading, which is expected to be applied retrospectively. Read Full Story

HMRC To Add To Arsenal Against Diverted Profits

by Jason Gorringe, Tax-News.com, London

Thursday, April 12, 2018

HM Revenue and Customs has launched a consultation inviting input on proposals to tackle arrangements entered into by individuals, partnerships, or companies that aim to move UK profits outside the scope of UK taxation, typically through the use of offshore trusts and companies. Read Full Story

New Zealand Defers New Insurance Tax

by Mary Swire, Tax-News.com, Hong Kong

Thursday, April 12, 2018

New Zealand has deferred the introduction of a new tax on insurance contracts, which is proposed to be introduced to fund emergency services in the country. Read Full Story

UK Guides Firms On How To Register For Soft Drinks Tax

by Jason Gorringe, Tax-News.com, London

Thursday, April 12, 2018

HM Revenue and Customs has released guidance on compliance obligations for those firms liable to pay the UK's new Soft Drinks Industry Levy, introduced on April 6, and for warehouses that store taxable beverages. Read Full Story

India To Expand GST E-Way Bill Pilot

by Mary Swire, Tax-News.com, Hong Kong

Thursday, April 12, 2018

The Indian Government has provided an update on the roll-out of the e-Way Bill system, which was introduced on April 1, 2018, confirming it will be extended to another five states from April 15, 2018. Read Full Story

Global Tax, Trade Policies Could Dent Ireland's Growth Potential

by Jason Gorringe, Tax-News.com, London

Tuesday, April 17, 2018

The Central Bank of Ireland has identified the changing global tax and trade landscapes and Brexit as potential risks for Ireland's economy. Read Full Story

Canada 'Will Not Hit Climate Change Targets'

by Mike Godfrey, Tax-News.com, Washington

Thursday, April 12, 2018

Canada's auditors general have published a collaborative report on the country's response to climate change, which raises concerns about the success of the action taken by governments. Read Full Story

Pakistan Tax Authority Issues Audit Hit List

by Mary Swire, Tax-News.com, Hong Kong

Thursday, April 12, 2018

Pakistan's Federal Board of Revenue has released the financial and compliance parameters it intends to use to select taxpayers for audit for the 2016 tax year. Read Full Story

Significant Changes To UK Tax Regime As Of April 6

by Jason Gorringe, Tax-News.com, London

Thursday, April 12, 2018

A number of changes to the UK tax regime became effective from the beginning of the new fiscal year, on April 6, 2018, including the introduction of the new Soft Drinks Industry Levy. Read Full Story

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• 10/04/2018 Filipino Business Leaders Back Corporate Tax Reform »
• 10/04/2018 Seychelles Needs To Redouble BEPS Efforts: UN Expert »
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• 04/04/2018 Japan's 2018 Tax Reform Package Now Law »
• 04/04/2018 20 Irish Companies Pay Almost Half Of All Corporate Tax »
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• 04/04/2018 IMF Urges Progress From Switzerland On Tax Reform »
• 30/03/2018 Philippines' Corporate Tax Reform Progressing »
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• 30/03/2018 Australia Gets Tough On Superannuation Compliance »
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• 30/03/2018 India Adds BEPS Provisions To Qatar Tax Treaty »
• 29/03/2018 Australia Expands Multinational Anti-Avoidance Law »
• 29/03/2018 Belgian Court Annuls Online Gaming VAT »
• 29/03/2018 Sweden Scraps Exit Tax Proposal »
• 29/03/2018 Switzerland To Reform Tax On Married Couples »
• 29/03/2018 EU Authorizes Danish Flat Rate VAT Scheme For Vehicles »