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Investment News

Glencore Wins AUD92m Transfer Pricing Case In Australia

by Mary Swire,, Hong Kong

Thursday, September 5, 2019

Australia's Federal Court issued a decision in favor of mining company Glencore on September 3, 2019. The case centered on whether dealings between Swiss parent Glencore International AG and an Australian subsidiary breached transfer pricing rules in relation to the sale and purchase of copper concentrate in the 2007-09 years. Read Full Story


EFTA And Mercosur Blocs Conclude Free Trade Deal

by Ulrika Lomas, Tax-News.con, Brussels

Thursday, August 29, 2019

The European Free Trade Association (Iceland, Liechtenstein, Norway, and Switzerland) and the Mercosur group of countries (Argentina, Brazil, Paraguay, and Uruguay) concluded in substance a broad-based free trade agreement at the tenth round of negotiations from August 20 to 23, 2019. Read Full Story


NZ Opposition Eyeing Corporate Tax Cut Election Pledge

by Mary Swire,, Hong Kong

Friday, August 30, 2019

New Zealand's opposition National Party has released its plans for tax reform, announcing it would review whether to lower the corporate tax rate. Read Full Story


Indonesia Announces Tax Breaks In 2020 Budget

by Mary Swire,, Hong Kong

Friday, August 30, 2019

Indonesia's 2020 Budget, which was tabled before parliament in the middle of August, has been endorsed by opposition political parties in the House of Representatives. It includes an array of new tax incentives. Read Full Story


OECD's Digital Tax Work Has Broad Ramifications For Ireland

by Jason Gorringe,, London

Thursday, August 22, 2019

As a small open economy, Ireland may be affected significantly by the OECD's proposals to modify how taxing rights are allocated among countries, Irish business association Ibec has said. Read Full Story


Australia May Make Directors Liable For Unpaid GST In Folded Companies

by Mary Swire,, Hong Kong

Thursday, August 22, 2019

Legislation before Australia's parliament would make company directors liable for a failed company's GST liabilities in certain circumstances. Read Full Story


OECD Releases Action 14 Peer Reviews For Six States

by Ulrika Lomas,, Brussels

Thursday, August 22, 2019

The OECD on August 13, 2019, released follow-up reports for Belgium, Canada, the Netherlands, Switzerland, the United Kingdom, and the United States on their efforts to implement BEPS recommendations on dispute resolution. Read Full Story


Georgia To Harmonize VAT Law With EU VAT Directive

by Ulrika Lomas,, Brussels

Thursday, August 8, 2019

Georgia's Ministry of Finance has launched a new consultation on value-added tax amendments that are intended to align Georgia's value-added tax law with EU VAT law provisions. Read Full Story


US Senators Urge 'Fairness' Change To Capital Gains Tax Calculations

by Mike Godfrey,, Washington

Thursday, August 8, 2019

A group of 21 Republican members of the US Senate have signed a letter to the Treasury Secretary urging him to amend how capital gains tax liability is calculated. Read Full Story


Singapore Issues GST Form Instructions For Reverse Charge Supplies

by Mary Swire,, Hong Kong

Thursday, August 8, 2019

The Inland Revenue Authority of Singapore (IRAS) has released new guidance for GST-registered persons on the completion of new boxes in the GST F5 return from next year. Read Full Story



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