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Politics & Economics News



Time For Latin America, Caribbean To Hike Tax: World Bank

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, April 19, 2018

With economic recovery being reported in Latin American and Caribbean states, a new World Bank report says governments must now look to fiscal policy to reduce their deficits. Read Full Story


Think Tank Calls For Scottish VAT Devolution

by Jason Gorringe, Tax-News.com, London

Thursday, April 19, 2018

Reform Scotland, a non-partisan think tank, has called for value-added tax powers to be devolved from the UK Government to the Scottish Government, once legal restrictions imposed by EU law are lifted following the UK's from the European Union. Read Full Story


US House Lawmakers Considering IRS Overhaul

by Mike Godfrey, Tax-News.com, Washington

Friday, April 13, 2018

The Ways and Means Committee of the US House of Representatives considered bills to overhaul the Internal Revenue Service (IRS) and strengthen taxpayer protections at its recent markup session. Read Full Story


Japan's 2018 Tax Reform Package Now Law

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

Friday, April 6, 2018

Following its passage through Japan's parliament, the Diet, measures in Japan's 2018 tax reform package became law on April 1, 2018. Read Full Story


Mauritius Seeks Taxpayer Input On Upcoming Budget

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, March 29, 2018

Mauritius's Ministry of Finance and Economic Development on March 20 called for taxpayers to propose tax policies for inclusion in the 2018-19 Budget. Read Full Story


British Virgin Islands Budget Focuses On Financial Services' Future

by Mike Godfrey, Tax-News.com, Washington

Friday, March 23, 2018

The British Virgin Islands has maintained its low tax credentials with no new taxes announced in its 2018 Budget. Read Full Story


EU Announces Sanctions For 'Blacklisted' Countries

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, March 22, 2018

The European Commission is to take steps to ensure that EU external development and investment funds cannot be channelled or transited through entities in countries included on the EU's "blacklist" of non-cooperative tax jurisdictions. Read Full Story


Tax-Lite Jamaican Budget Focuses On Tax Enforcement

by Mike Godfrey, Tax-News.com, Washington

Wednesday, March 14, 2018

Jamaica's recent 2018 budget, delivered by Minister of Finance Audley Shaw, imposed no new taxes and reiterated the island's commitment to cracking down on tax arrears. Read Full Story


UK Invites Input On Potential Measures For Next Budget

by Jason Gorringe, Tax-News.com, London

Tuesday, March 13, 2018

Having moved to a single Budget each year, the UK's Spring Statement featured only prospective changes to the UK tax regime, focusing on tax settings for digital firms and a new tax on single-use plastic waste. Read Full Story


Bermuda Hikes Commercial Property Tax

by Mike Godfrey, Tax-News.com, Washington

Tuesday, March 13, 2018

Bermuda's lower house has passed a bill temporarily raising the rate of land tax on commercial properties from seven to 12 percent. Read Full Story


Somalia Seeking To Enforce Tax Regime, With Int'l Support

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, March 7, 2018

The Government of Somalia has reported on the tax system reform and tax administration improvements it is introducing with support from international agencies. Read Full Story


Think Tank Calls For Canadian Tax Reform

by Mike Godfrey, Tax-News.com, Washington

Wednesday, February 28, 2018

Canadian think tank the C D Howe Institute has published its recommendations for Tuesday's Budget, which include measures to compete with the US on tax. Read Full Story


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