FASB Issues New Accounting Rules For Audiovisual Content Producers

by Mike Godfrey, Tax-News.com, Washington

Thursday, March 14, 2019

On March 6, 2019, the Financial Accounting Standards Board issued an Accounting Standards Update that is intended to help organizations align their accounting for production costs for films and episodic content produced for television and streaming services. Read Full Story

Think Tank Calls For Scottish VAT Devolution

by Jason Gorringe, Tax-News.com, London

Thursday, April 19, 2018

Reform Scotland, a non-partisan think tank, has called for value-added tax powers to be devolved from the UK Government to the Scottish Government, once legal restrictions imposed by EU law are lifted following the UK's from the European Union. Read Full Story

Japan's Cabinet Endorses Tax Reform Plans

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

Monday, February 5, 2018

Japan's Cabinet recently approved tax reform bills, which have now been introduced into the country's parliament for debate. Read Full Story

Malaysia PM Defends Introduction Of GST

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

Monday, November 27, 2017

Prime Minister Najib Razak has defended the Government's decision to introduce a goods and services tax, claiming that the levy "saved" Malaysia from the fall in oil prices. Read Full Story

IMF Advises Countries On Setting Up A Tax Policy Unit

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, October 26, 2017

The International Monetary Fund has issued guidance on how countries can establish tax policy units. Read Full Story

Ireland's Donohoe Against Latest EU Tax Proposals

by Jason Gorringe, Tax-News.com, London

Monday, September 25, 2017

Irish Finance Minister Paschal Donohoe has warned that the imposition by the EU of separate tax rules for the digital economy risks double taxation and greater uncertainty. Read Full Story

Aus Treasurer Attacks Opposition Tax Policies

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

Thursday, August 31, 2017

Australian Treasurer Scott Morrison has said that the Labor Party would introduce uncompetitive tax rates that would increase the annual tax burden on the economy by AUD31bn (USD24.5bn). Read Full Story

UK Welcomes Success Of Accelerated Payment Notices

by Jason Gorringe, Tax-News.com, London

Wednesday, July 19, 2017

HM Revenue and Customs, the UK tax authority, has reported that it has collected more than GBP4bn (USD5.2bn) in advance tax payments from those taxpayers that have used a tax avoidance scheme. Read Full Story

ESRI: Hard Brexit Could Leave Less Room For Irish Tax Cuts

by Jason Gorringe, Tax-news.com, London

Monday, June 26, 2017

The Economic and Social Research Institute has warned that a hard Brexit could have significant implications for the fiscal space the Irish Government has available for tax cuts and spending increases. Read Full Story

Australian Oil And Gas Firms Against Tax Incentives Overhaul

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

Wednesday, March 8, 2017

The Australian Petroleum Production & Exploration Association has said it does not believe there is a case for reforming the Petroleum Rent Resource Tax. Read Full Story

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