Politics & Economics 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

Tax Regime Overhaul Announced In Barbados

by Mike Godfrey, Tax-News.com, Washington

Thursday, June 14, 2018

Barbados's new government has issued a new Budget that would raise corporate and income tax rates, repeal the National Social Responsibility Levy and road tax and make other value-added tax and levy changes. Read Full Story

HK's Legislature Passes 2018/19 Budget Bill

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

Thursday, May 17, 2018

Hong Kong's Secretary for Financial Services and the Treasury, James Lau, has welcomed the recent passage of the 2018/19 Budget Bill through the special administrative region's parliament. Read Full Story

Germany To Provide Tax Relief In 2019

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 11, 2018

German Finance Minister Olaf Scholz has indicated that the Government may provide limited personal income tax relief by adjusting tax brackets next year, with tax revenues expected to be higher than targeted over the next few years. Read Full Story

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