Investment News

American Firms Concerned By Canadian Digital Tax Plan

by Mike Godfrey, Tax-News.com, Washington

Monday, November 25, 2019

Representatives from US trade and industry associations have voiced concern about a digital services tax proposal floated during the recent Canadian election which they argue will "impose discriminatory requirements on the digital economy." Read Full Story

Slovenian Lawmakers Approve Corporate Minimum Tax Plan

by Ulrika Lomas, Tax-News.com, Brussels

Friday, November 15, 2019

On October 23, 2019, Slovenia's National Assembly adopted a package of tax measures which includes changes to corporate, personal, and capital gains taxes. Read Full Story

Warren Announces US Corporate Tax And Wealth Tax Plans

by Mike Godfrey, Tax-News.com Washington

Friday, November 8, 2019

On November 1, 2019, the presidential campaign of United States Senator Elizabeth Warren (D-MA) published plans for a system of universal Medicare that will be partially funded by tax increases on large corporations and wealthy individuals, as well as by stricter anti-tax avoidance rules. Read Full Story

BVI Issues Final Economic Substance Rules

by Jason Gorringe, Tax-News.com, London

Monday, October 28, 2019

On October 9, 2019, the British Virgin Islands International Tax Authority has finalized rules governing the application of the territory's new economic substance requirements, which became effective from January 1, 2019. Read Full Story

Ireland Publishes 2019 Finance Bill

by Jason Gorringe, Tax-News.com, London

Friday, October 18, 2019

The Irish Government has published its 2019 Finance Bill, which introduces changes to a number of SME-targeted tax incentives and implements a range of measures announced in this month's Budget. Read Full Story

New Zealand Adds To Real Property Tax Reform Plans

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

Friday, October 18, 2019

New Zealand has released a new consultation on proposals to further clarify the deductibility of holding costs (rates, interest, insurance, etc.) where land that is subject to tax on sale is used privately while it is held. Read Full Story

OECD To Provide Another Update On Int'l Tax Reform Work

by Ulrika Lomas, Tax-News.com, Brussels

Friday, October 4, 2019

The OECD has announced that the next Tax Talks webcast will be held on October 9. It will update stakeholders on its work to develop new international tax rules. Read Full Story

Algeria Releases 2020 Draft Budget

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, October 4, 2019

Algeria has released its draft Budget Law for 2020, including proposals for a number of tax reliefs. Read Full Story

New Zealand Lining Up More Tax Relief For Fledgling Firms

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

Friday, October 18, 2019

The New Zealand Government has announced that it will adopt two tax incentives proposed by the Tax Working Group: a deduction for "feasibility expenditure" for businesses, and relaxed loss continuity rules. Read Full Story

Germany Proposes Climate Change Tax Plan

by Ulrika Lomas, Tax-News.com, Brussels

Friday, September 20, 2019

On September 16, 2019, the German conservative parties, the Christian Democrats and the Christian Social Union, published a report calling for reform of environmental taxes and levies to help Germany achieve its emissions reductions targets. Read Full Story

IRS Offers Settlement Scheme To Micro-Captives

by Mike Godfrey, Tax-News.com Washington

Friday, September 20, 2019

On September 16, 2019, the United States Internal Revenue Service announced the mailing of a time-limited settlement offer for certain taxpayers under audit who participated in abusive micro-captive insurance transactions. Read Full Story

Philippines House Passes Financial Services Tax Reforms

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

Friday, September 13, 2019

The Philippines' House of Representatives on September 9, 2019, approved two bills to overhaul the rates in place on financial services and passive income. Read Full Story