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OECD's Action 5 BEPS Work Producing 'Tangible Results'

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 24 hours ago | Wednesday, October 18, 2017

Countries have made substantial progress in ensuring that their preferential tax regimes do not give rise to base erosion and profit shifting issues, according to the OECD's new peer review report under Action 5 of the BEPS Action Plan. Read Full Story


African Countries' Tax Bases Expanding, New Report Says

by Lorys Charalambous, Tax-News.com, Cyprus

Last updated 24 hours ago | Wednesday, October 18, 2017

African countries are steadily improving their tax revenue collections, according to Revenue Statistics in Africa 2017, a new report released recently at a meeting of tax and finance officials from 21 African countries. Read Full Story


Australia Clarifies Tax Rules For Passive Investment Companies

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

Last updated 24 hours ago | Wednesday, October 18, 2017

The Australian Government has introduced legislation that will clarify that passive investment companies cannot qualify for the small business company tax rate. Read Full Story


Canadian Gov't Commits To SME Tax Cut

by Mike Godfrey, Tax-News.com, Washington

Last updated 47 hours ago | Tuesday, October 17, 2017

The Canadian Government has announced plans to lower the small business tax rate and has signalled its intention to amend its controversial reforms to tax planning rules. Read Full Story


OECD's Gurria Calls For Collective Action On Digital Taxation

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 47 hours ago | Tuesday, October 17, 2017

OECD Secretary-General Angel Gurria has called for a collective effort on the design of temporary, short-term measures to tackle the international tax challenges of the digital economy. Read Full Story


UK Firms Respond To UK's Post-Brexit Trade Strategy

by Amanda Banks, Tax-News.com, London

Last updated 47 hours ago | Tuesday, October 17, 2017

The British Chamber of Commerce has responded to the release of two new white papers from the UK Government on trade, tax, and customs after Brexit. Read Full Story


Malta Levels Tax On Debt, Equity Financing

by Amanda Banks, Tax-News.com, London

Last updated 47 hours ago | Tuesday, October 17, 2017

Malta has enacted rules removing the bias in favor of debt financing by creating a notional interest deduction for equity financing. Read Full Story


Aus Gov't Hails Success Of Asset Write Off Program

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

Last updated 47 hours ago | Tuesday, October 17, 2017

Nearly 300,000 Australian small businesses have taken advantage of the Government's instant asset write-off scheme, according to Small Business Minister Michael McCormack. Read Full Story


BEPS Webcast Scheduled For October 17

by Ulrika Lomas, Tax-News.com, Brussels

Monday, October 16, 2017

Registration is open for the OECD's upcoming webcast that will provide an overview of the latest developments in the field of international tax law. Read Full Story


IRS Extends Relief To California Fire Victims

by Mike Godfrey, Tax-News.com, Washington

Monday, October 16, 2017

The Internal Revenue Service has extended tax deadlines for individuals and businesses affected by the wildfires raging across California. Read Full Story


BCA: Aus Company Tax Rate Damaging Competitiveness

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

Monday, October 16, 2017

Australia could soon have the third highest company tax rate in the developed world, the Business Council of Australia has said. Read Full Story


Singapore Legislates For Income Tax Changes

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

Friday, October 13, 2017

Singaporean lawmakers approved the Income Tax (Amendment) Bill 2017 on October 2, 2017, which provides for numerous changes to income tax policy. Read Full Story


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