Investment News

IMF Urges US To Hike Indirect Taxes

by Mike Godfrey, Tax-News.com, Washington

Friday, July 6, 2018

The International Monetary Fund has recommended that the United States raise indirect taxes to boost revenues, to offset the cost of recent tax cuts and spending increases. Read Full Story

OECD Welcomes Dutch Efforts To Counter BEPS

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, July 4, 2018

The OECD has welcomed efforts by the Dutch Government to tackle base erosion and profit shifting but called for the overall tax regime to be simplified, including in area of value-added tax. Read Full Story

Danish Tax Agency Overhaul Complete

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, July 4, 2018

An administrative overhaul of Denmark's tax authority was instituted on July 1, with a series of new specialized boards becoming operational. Read Full Story

Tech Groups Raise Concerns About EU Digital Tax

by Ulrika Lomas, Tax-News.com, Brussels

Sunday, July 1, 2018

The European Commission's proposal for a digital services tax would be "deeply harmful" to the EU business environment and may lead to double taxation, a coalition of business and technology groups has warned EU leaders. Read Full Story

EFTA States Sign New Free Trade Deals

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, July 4, 2018

The European Free Trade Association states – Switzerland, Liechtenstein, Iceland, and Norway – signed a free trade agreement with Ecuador on June 25, 2018, and upgraded the bloc's existing free trade deal with Turkey. Read Full Story

Mauritius Announces Company Tax Reforms In New Budget

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, June 21, 2018

Mauritius announced wide-ranging changes to its tax regime in its latest Budget, including for companies. Read Full Story

Canada Promises To Improve Tax Advice Helplines

by Mike Godfrey, Tax-News.com, Washington

Tuesday, June 19, 2018

The Canadian Revenue Agency has unveiled a three-point action plan to improve the services offered by its call centers. Read Full Story

Canada Told To Sharpen Corporate Tax Competitiveness

by Mike Godfrey, Tax-News.com, Washington

Tuesday, June 12, 2018

The IMF has said that the recent changes to the US tax system could make Canada a less attractive destination for investment. Read Full Story

AICPA Urges IRS To Augment Virtual Currency Guidance

by Mike Godfrey, Tax-News.com, Washington

Monday, June 4, 2018

The American Institute of CPAs has urged the Internal Revenue Service to supplement its guidance on the tax treatment of virtual currency transactions with answers to a set of frequently asked questions. Read Full Story

Surveys Suggest Taxpayers Satisfied With TCJA, Says Hatch

by Mike Godfrey, Tax-News.com, Washington

Tuesday, June 5, 2018

Both large and small businesses in the United States expect the measures included in the recently enacted tax reform legislation, the Tax Cuts and Jobs Act of 2017, to have a positive effect on their operations, according to Senate Finance Committee Chairman Orrin Hatch. Read Full Story

Cayman Islands' Government Promises No New Taxes

by Mike Godfrey, Tax-News.com, Washington

Monday, June 4, 2018

Cayman Finance Minister Roy McTaggart told a recent Chamber of Commerce economic forum that no "coercive revenue measures" will be introduced during the government's term in office, which ends in 2021. Read Full Story

Corporate Tax Cut Plan Before Filipino Lawmakers

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

Wednesday, May 23, 2018

Filipino Finance Secretary Carlos Dominguez has called on lawmakers to pass a package of tax measures, including a cut to the corporate tax rate and a reduction in tax breaks and holidays. Read Full Story