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Japan intends to proceed with a proposed increased by its sales tax in 2019, despite warnings from the International Monetary Fund that the economy could severely contract. Read Full Story
Guyana has recently implemented a number of reforms to improve value-added tax efficiency, the International Monetary Fund's latest report for the country notes. Read Full Story
The European Commission has summarized progress made during the latest round of negotiations for a trade agreement between the European Union and the Mercosur group of four South American countries. Read Full Story
New Zealand's Tourism Minister, Paula Bennett, has said she is opposed to the idea of introducing a tourist or hotel tax. Read Full Story
Austria's air passenger tax will be reduced by 50 percent under proposals approved by the Council of Ministers earlier this month. Read Full Story
The UK is to increase the lifetime investment limit for social enterprises to benefit from tax relief to GBP1.5m (USD1.82m) from the current three-year rolling limit of EUR344,000 (USD368,000). Read Full Story
Several tax reform measures are included in a fiscal plan published recently by the Government of Puerto Rico intended to stabilize the territory's tax revenue and put an end to serial budget deficits. Read Full Story
The UK Government has proposed legislation to increase the subscription limit for tax-free Individual Savings Accounts to GBP20,000 (USD25,083) per year from GBP15,240 on April 6, 2017. Read Full Story
The UK should reform the business rates (commercial property tax) system and research and development tax credit schemes in its upcoming Budget, says the Confederation of British Industry. Read Full Story
The Scottish Government has dropped plans to increase the higher rate threshold in line with inflation under a deal with the Scottish Green Party to secure approval for the Budget in Parliament. Read Full Story
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