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Politics & Economics News



IMF Urges Rebalancing Of Lithuania's Taxes

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, November 21, 2017

The International Monetary Fund has called on Lithuania to consider measures that will shift the emphasis of taxation away from labor and towards wealth. Read Full Story


Senate Republicans Attach Obamacare Tax Repeal To Tax Package

Mike Godfrey, Tax-News.com, Washington

Wednesday, November 15, 2017

An amendment has been included in the US Senate's tax reform proposals that will effectively repeal the Affordable Care Act's individual mandate. Read Full Story


Deloitte Concerned By Australian Bracket Creep

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

Wednesday, November 15, 2017

Deloitte has described Australia's problem with bracket creep as an "ungainly and unfair way to raise taxes." Read Full Story


South Australian Gov't Drops Bank Levy

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

Wednesday, November 15, 2017

The South Australian Government has announced that it will set aside its Budget legislation, which includes the controversial bank levy recently defeated in the upper house. Read Full Story


Barnier Gives UK Ultimatum Over Brexit Progress

by Ulrika Lomas, Tax-News.com, Brussels

Monday, November 13, 2017

The UK must provide clarification on its position on the Brexit financial settlement within the next two weeks, the EU's chief negotiator has insisted. Read Full Story


South Africa To Launch Inquiry Into Tax Revenue Shortfall

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, November 8, 2017

South Africa is to launch an inquiry into the reasons behind a shortfall in tax revenue collections. Read Full Story


Germany's FDP Softens Tax Cut Stance

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, November 8, 2017

Germany's Free Democratic Party has signaled its intention to compromise on its demand for substantial tax cuts in order to smooth the path towards a coalition agreement. Read Full Story


Scotland Starts National Debate On Personal Tax Reform

by Jason Gorringe, Tax-News.com, London

Friday, November 3, 2017

The Scottish Government has released a discussion paper on the future role of income tax in Scotland's budget. Read Full Story


US Firms Hail Proposed US Tax Reform Law

by Glen Shapiro, Tax-News.com, New York

Friday, November 3, 2017

The National Association of Manufacturers has said the tax reform legislation newly released by the US Administration will be a "grand slam" for manufacturers and the economy. Read Full Story


South Australian Upper House Defeats Bank Tax Plan

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

Thursday, November 2, 2017

The upper house of South Australia's parliament has voted down the Government's proposed bank levy. Read Full Story


Don't Expect Much From The UK's Budget, IFS Says

by Jason Gorringe, Tax-News.com, London

Thursday, November 2, 2017

The Institute for Fiscal Studies, a UK think tank, has suggested that it will be impossible for the UK Chancellor to gain support for significant tax rises that might be necessary to bring the budget into balance by the mid 2020s. Read Full Story


Cayman Budget Targets Budget Surpluses

by Mike Godfrey, Tax-News.com, Washington

Thursday, November 2, 2017

The Cayman Islands' Premier, Alden McLaughlin, recently delivered the territory's first two-year budget, which was notable for the absence of new borrowing or revenue-raising measures. Read Full Story


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