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Banking News




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

 


Labuan Urged To Adapt To BEPS By Removing Harmful Tax Offerings

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

Wednesday, November 8, 2017

Muhammad bin Ibrahim, the Governor of the Central Bank of Malaysia, has stressed the need for Labuan to review its international tax framework in light of the OECD's work on Action 5 of the base erosion and profit shifting project, on harmful tax practices. 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

 


South Australia Urged To Drop Bank Levy Plans

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

Wednesday, November 1, 2017

The Australian Bankers' Association is making a final push for the rejection of a proposed new bank levy in South Australia. Read Full Story

 


UK Bank Sector Tax Contribution Up 11pc In 2016/17

by Jason Gorringe, Tax-News.com, London

Tuesday, October 31, 2017

The total tax contribution of the banking sector to UK public finances in 2016/17 has been estimated at GBP35.4bn (USD47bn), or 5.4 percent of UK tax receipts. Read Full Story

 


Swiss 'Tax Spy' Confesses In German Court

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, October 31, 2017

The man accused of spying on the tax authority in the German state of North Rhine-Westphalia on behalf of Switzerland has appeared in court in Frankfurt. Read Full Story

 


Vietnam Customs Trialling Electronic Tax Payment System

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

Tuesday, October 24, 2017

The Vietnam Customs Department announced on October 18 that it had established an e-payment and collection system. Read Full Story

 


Grenada Gears Up For FATCA

by Mike Godfrey, Tax-News.com, Washington

Wednesday, October 18, 2017

Grenada's Inland Revenue Division has completed a series of training exercises for its staff and the island's financial institutions in preparation for the start of reporting under the US Financial Account Tax Compliance Act. Read Full Story

 


Bankers Amp Up Campaign Against SA Tax

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

Monday, September 25, 2017

The Australian Bankers' Association is encouraging residents of South Australia to lobby their members of parliament to oppose the state Government's proposed bank tax. Read Full Story

 


HMRC To Narrow Scope Of Bank Levy

by Jason Gorringe, Tax-news.com, London

Tuesday, September 19, 2017

The UK Government is planning to change the scope of the Bank Levy and simplify how it is administered. Read Full Story

 

 

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