corporation tax News

EU States Shut Down Plans For Public CbC Reporting
by Ulrika Lomas, Tax-News.com, Brussels
Monday, December 2, 2019
EU member states have been unable to reach an agreement on proposals to release to the public information on multinational enterprises' tax affairs. Read Full Story

UK Prime Minister Cancels Corporate Tax Cut
by Jason Gorringe, Tax-News.com, London
Tuesday, November 26, 2019
UK Prime Minister Boris Johnson has announced that his party intends to cancel a planned cut to the corporate tax rate, which was scheduled for April 2020. Read Full Story

Panama Grants Certain Companies A One-Month Filing Extension
by Mike Godfrey, Tax-News.com, Washington
Friday, November 15, 2019
Panama has extended the filing annual corporate tax filing deadline for certain international trading and group headquarter companies. Read Full Story

Ireland Had EU's Lowest Tax-To-GDP Burden In 2018: Eurostat
by Ulrika Lomas, Tax-News.com, Brussels
Friday, November 15, 2019
The overall tax burden in the European Union relative to GDP rose slightly in 2018, to 40.3 percent, the Eurostat has announced. Read Full Story

MEPs Push For CbC Reports To Be Made Public
by Ulrika Lomas, Tax-News.com, Brussels
Monday, October 28, 2019
Members of the European Parliament (MEPs) have called on EU member states to agree proposals that would require the public disclosure of country-by-country (CbC) reports, to reveal the taxes paid by multinationals. Read Full Story

Airbnb Says UK Tax Probe Could Result In Litigation
by Jason Gorringe, Tax-News.com, London
Monday, October 28, 2019
Airbnb has disclosed that it has been contacted by HM Revenue and Customs regarding the application of tax laws or regulations impacting the company's business, adding that some matters "may result in litigation". Read Full Story

Ireland Studies Potential Drop In Record High CIT Receipts
by Jason Gorringe, Tax-News.com, London
Friday, October 18, 2019
A reversal of recent surges in corporate tax receipts could hit tax revenues and affect the Ireland's longer-term economic position, according to analysis released by the Irish Finance Department. Read Full Story

Switzerland Welcomes Removal From EU Tax Grey List
by Ulrika Lomas, Tax-News.com, Brussels
Friday, October 18, 2019
The Swiss Government has welcomed Switzerland's removal from the EU's list of non-cooperative tax jurisdictions, and said that the country meets and implements international tax standards. Read Full Story

India Announces 22pc Corporate Tax Rate
by Mary Swire, Tax-News.com, Hong Kong
Friday, September 27, 2019
The Indian Government on September 20, 2019, announced that it will reduce the rate of corporate tax to 22 percent, from 30 percent. New domestic manufacturing ventures will benefit from a 15 percent rate. Read Full Story

Singapore Reports On Tax, Compliance Work
by Mary Swire, Tax-News.com, Hong Kong
Thursday, September 5, 2019
The Inland Revenue Authority of Singapore (IRAS) has reported that revenues increased by 4.4 percent in the 2018-2019 fiscal year, in its annual report for the year. Read Full Story
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