UK Legislates To Close Insurance VAT Loophole

by Jason Gorringe, Tax-News.com, London

Friday, December 21, 2018

On December 11, 2018, the UK Government tabled The Value Added Tax (Input Tax) (Specified Supplies) (Amendment) Order 2018 before the House of Commons to close a VAT avoidance loophole that is exploited by some UK insurers. Read Full Story

OECD States Tapped VAT, CIT To Achieve Record Revenues In 2017

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 7, 2018

Last year, the tax burden in OECD countries reached its highest level recorded, at 34.2 percent of gross domestic product, up 20 basis points on 2016, largely due to increasing taxes on personal consumption and companies. Read Full Story

Malaysia Announces Corporate Tax, Sales Tax Reforms In Budget

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

Friday, November 9, 2018

Malaysia's 2019 Budget contains plans for an overhaul of sales and service tax rules and a corporate tax cut for small- and medium-sized enterprises. Read Full Story

UK Announces Digital Tax, Corporate Tax Reforms In New Budget

by Jason Gorringe, Tax-News.com, London

Friday, November 2, 2018

The UK's 2018 Budget includes changes to tax rules for companies, and notably for multinational groups to conform with the EU's Anti Tax Avoidance Directive. Most significantly, the UK has decided to move ahead of the EU in announcing that it will apply a tax on the turnover of certain digital businesses. Read Full Story

Ireland Implements New Exit Tax Regime

by Jason Gorringe, Tax-News.com, London

Friday, October 19, 2018

Ireland's 2018 Finance Bill legislates for a new exit tax regime compliant with the EU's Anti-Tax Avoidance Directive. Read Full Story

BEPS Project Has Triggered Near-Global Tax Reform: OECD

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, July 26, 2018

The OECD has committed to providing proposals to fix the taxation of the digital economy by 2020, in an update to G20 leaders on international efforts to mitigate base erosion and profit shifting (BEPS). Read Full Story

Australian Tax Changes Effective From July 1

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

Friday, July 6, 2018

The Australian Government has set out the numerous changes made to the tax system on July 1 and launched a consultation on new tax rules for "stapled structures." Read Full Story

DeFazio Tables US Anti-Profit Shifting Bill

by Mike Godfrey, Tax-News.com, Washington

Thursday, June 14, 2018

US congressman Peter DeFazio (D-OR) has introduced legislation designed to amend the Tax Cuts and Jobs Act so that incentives for US corporations to shift income and production overseas are reduced. Read Full Story

TCJA Encourages Firms To Shift Profits Offshore, Says ITEP

by Mike Godfrey, Tax-News.com, Washington

Tuesday, June 12, 2018

Aspects of the tax reform legislation in the United States continue to provide an incentive for companies to shift profits offshore by providing more favorable tax treatment to foreign income than domestic profits, the Institute on Taxation and Economic Policy has said. Read Full Story

Peru Ratified OECD's Multilateral Tax Convention

by Ulrika Lomas, Tax-News.com, Brussels

Monday, June 4, 2018

Peru has completed the necessary steps to become a party to the OECD Multilateral Convention on Mutual Assistance in Tax Matters and also the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions. Read Full Story

UK Criticized For Overzealous Offshore Tax Enforcement Plans

by Jason Gorringe, Tax-News.com, London

Thursday, May 17, 2018

The Chartered Institute of Taxation has criticized a new UK government proposal to extend significantly the tax assessment time limits in cases involving offshore tax matters. Read Full Story

Australia Budget Cuts Personal Income Tax

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

Friday, May 11, 2018

In addition to extending an increased expensing limit for small firms, reforming the research and development tax incentive, and committing to further corporate tax cuts, the Australian Government has announced significant personal income tax relief in what is expected to be the last Budget before elections. Read Full Story

• 10/05/2018 Barbados Rejects UK Push For Public Beneficial Ownership Register »
• 03/05/2018 New Zealand Consults On Imposing GST On Low-Value Imports »
• 30/04/2018 Hong Kong To Ensure ITVF Tax Break For Offshore Investors »
• 20/04/2018 Guernsey Regulator Releases Stock Market Integrity Code »
• 16/04/2018 OECD Urges International Tax Reform Of Savings, Investments »
• 13/04/2018 HMRC To Add To Arsenal Against Diverted Profits »
• 11/04/2018 IRS Explains How To Calculate Transition Tax Liability »
• 06/04/2018 OECD Releases New CRS Tax Transparency Standard Handbook »
• 05/04/2018 Australia Provides Update On International Tax Enforcement »
• 05/04/2018 Hong Kong Confirms Profits Tax Shakeup From April »
• 26/03/2018 IMF Proposes Growth-Friendly Tax Reforms For Italy »
• 26/03/2018 Bermuda To Regulate Initial Coin Offerings »
• 20/03/2018 Tax-Privileged Free Trade Zones The OECD's Next Target »
• 15/03/2018 IRS To End Offshore Voluntary Disclosure Program »
• 12/03/2018 OECD Delivers Rules To Prevent Tax Transparency Standard Evasion »
• 09/03/2018 UK Tax Agency Tightening Net On Offshore Tax Evaders »
• 02/03/2018 Australian Exporters Making The Most Of FTAs »
• 01/03/2018 Canada To Reform Taxation Of Passive Investments »

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

To manage your mailing list preferences, please click here »