Investment News

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

Indonesia Explains New Dividend Tax Exemptions

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

Friday, September 13, 2019

Following the release of the 2020 Budget, the Indonesian Government has explained in greater detail its plans to reform the tax code to foster increased investment by foreign and domestic businesses. Read Full Story

Netherlands To Reduce Tax On Savings Income

by Ulrika Lomas, Tax-News.com, Brussels

Friday, September 13, 2019

On September 6, 2019, the Dutch Ministry of Finance announced proposals to reforms the tax rules for savings income. Read Full Story

Glencore Wins AUD92m Transfer Pricing Case In Australia

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

Thursday, September 5, 2019

Australia's Federal Court issued a decision in favor of mining company Glencore on September 3, 2019. The case centered on whether dealings between Swiss parent Glencore International AG and an Australian subsidiary breached transfer pricing rules in relation to the sale and purchase of copper concentrate in the 2007-09 years. Read Full Story

EFTA And Mercosur Blocs Conclude Free Trade Deal

by Ulrika Lomas, Tax-News.con, Brussels

Thursday, August 29, 2019

The European Free Trade Association (Iceland, Liechtenstein, Norway, and Switzerland) and the Mercosur group of countries (Argentina, Brazil, Paraguay, and Uruguay) concluded in substance a broad-based free trade agreement at the tenth round of negotiations from August 20 to 23, 2019. Read Full Story