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Economy News




Korea Enacts 2019 Tax Revision Bill

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

Wednesday, January 15, 2020

The Korean Government has announced that the 2019 Tax Revision Bill was enacted on January 6, 2020, with a number of new measures added to the existing proposals. Read Full Story

 


IRS Launches Gig Economy Tax Center

by Mike Godfrey, Tax-News.com Washington

Wednesday, January 15, 2020

On January 9, 2019, the United States Internal Revenue Service announced the launch of a new Gig Economy Tax Center, which is intended to help taxpayers meet their tax obligations through more streamlined information. Read Full Story

 


OECD Releases Minimum Tax Plan To Solve Digital Tax Issues

by Ulrika Lomas, Tax-News.com, Brussels

Friday, November 15, 2019

The OECD on November 8, 2019, released its plans for a minimum tax on corporate profits, which is one element of a two-pronged approach to solving the tax challenges arising from the digitalization of the economy. Read Full Story

 


Germany To Cut Corporate Tax For SMEs

by Ulrika Lomas, Tax-News.con, Brussels

Thursday, August 29, 2019

On August 29, 2019, German Economy Minister Peter Altmaier announced the outlines of a plan to reduce the tax and regulatory burden on small and medium-sized companies in Germany. Read Full Story

 


Spain To Press Ahead With Digital Tax

by Ulrika Lomas, Tax-News.con, Brussels

Thursday, July 25, 2019

Spain's acting Economy Minister, Nadia Calvino, said the Government will seek approval of legislation to introduce a digital services tax at the earliest opportunity. Read Full Story

 


Hungarian Lawmakers To Decide On Tax Cuts Plan

by Ulrika Lomas, Tax-News.com, Brussels

Friday, July 5, 2019

Hungary's 2020 Budget law is before parliament for approval. Most tax-related proposals would become effective from the start of 2020. Read Full Story

 


Hungary Announces Tax Cut Plan

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 5, 2019

On May 31, 2019, the Hungarian Ministry of Finance announced numerous tax cuts as part of an economic growth plan. Read Full Story

 


Hungary Defends Decision To Pursue Low Direct Taxes

by Ulrika Lomas, Tax-News.com, Brussels

Friday, April 5, 2019

The Hungarian Government has issued a statement in defense of recent tax cuts in response to what it described as "attacks" on its tax policies by the European Union. Read Full Story

 


Germany's CDU Party Calls For Corporate Tax Cut

by Ulrika Lomas, Tax-News.com, Brussels

Monday, January 21, 2019

Annegret Kramp-Karrenbauer, chair of the German Christian Democrat Union (CDU), has said that the Government should consider cutting corporate tax to help stave off a slowdown in the economy. Read Full Story

 


Panama's Gov't Pushes For Adoption Of Key Tax Evasion Bill

by Mike Godfrey, Tax-News.com, Washington

Monday, June 17, 2019

Panama's Economy and Finance Ministry has urged lawmakers to approve a bill that would make tax evasion a predicate offence for money laundering. Read Full Story

 

 

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