business investment News

UK To Offer Expanded Annual Investment Allowance Until 2022

by Jason Gorringe, Tax-News.com, London

Tuesday, November 17, 2020

The UK Government has announced that the temporary GBP1m (USD1.31m) cap for the Annual Investment Allowance (AIA) will be extended until January 1, 2022. Read Full Story

Canada Told To Sharpen Corporate Tax Competitiveness

by Mike Godfrey, Tax-News.com, Washington

Tuesday, June 12, 2018

The IMF has said that the recent changes to the US tax system could make Canada a less attractive destination for investment. Read Full Story

Singapore, Sri Lanka Sign Free Trade Pact

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

Friday, January 26, 2018

Sri Lanka signed its first ever comprehensive free trade agreement on January 23, with Singapore. Read Full Story

Study Into Australian Miners' Tax Contribution

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

Tuesday, January 9, 2018

The Minerals Council of Australia has drawn attention to an independent study into the tax contribution of the mining industry, noting that firms paid an average effective tax rate of 51 percent in 2015-16. Read Full Story

Businesses Across Europe Call For Brexit Transition Period

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 15, 2017

The UK's main business associations and also chambers of commerce from Northern Europe have issued separate joint statements calling for an agreement between the EU and UK on a transitional period that would see the status quo maintained temporarily after Brexit. Read Full Story

US Republican Party Agrees New Tax Reform Blueprint

by Mike Godfrey, Tax-News.com, Washington

Thursday, September 28, 2017

Republicans have announced a new plan for reforming the US tax code, including a reduction to the corporate tax rate to 20 percent, the adoption of a territorial tax system, and a one-time tax on multinationals' unrepatriated earnings. Read Full Story

Think Tank Calculates Cost Of Canadian Carbon Pricing

by Mike Godfrey, Tax-News.com, Washington

Monday, September 11, 2017

A new report has argued that, by 2025, the impact of a CAD80 (USD66) per tonne carbon tax on the average Canadian household could reach CAD2,000 a year. Read Full Story

IMF Urges Canada To Review Tax System

by Mike Godfrey, Tax-News.com, Washington

Monday, July 17, 2017

The IMF has recommended that the Canadian Government undertake a "holistic" review of the tax system, to identify areas for improving efficiency while maintaining the country's competitiveness. Read Full Story

IMF Chimes In On US Tax Reform Plans

by Glen Shapiro, Tax-News.com, Washington

Thursday, June 29, 2017

The US corporate income tax should be replaced with a rent tax (either a cashflow tax or an allowance for corporate capital tax) with a somewhat lower marginal rate, the International Monetary Fund has said. Read Full Story

Turnbull Comments On South Australia's Bank Tax Plan

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

Friday, June 23, 2017

Australia's federal Prime Minister, Malcolm Turnbull, has questioned whether the introduction of a new bank levy in the state of South Australia will harm the state's competitiveness. Read Full Story

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