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New Zealand's Inland Revenue has issued guidance to employers on how a backdated payment to correct errors in holiday pay is to be treated for tax purposes. Read Full Story
The Canadian Government's planned crackdown on tax planning strategies that involve private corporations could result in significant tax increases that negatively affect entrepreneurs, according to the Society of Trust and Estate Practitioners Canada. Read Full Story
Nearly a third of Canadian small- and medium-sized firms say they are concerned about potential changes to the North American Free Trade Agreement. Read Full Story
Dutch tax rules surrounding the provision of company bicycles are complex and discourage people from cycling to their place of work, a Dutch motoring organization has said. Read Full Story
The Canadian Medical Association says it is opposed to the Government's proposed crackdown on tax planning strategies that involve private corporations. Read Full Story
The Government of Botswana should seek to strengthen its revenue base amid volatile revenue flows from the diamond mining sector and the South African Customs Union, the International Monetary Fund has said. Read Full Story
The United Kingdom's General Anti-Abuse Rule Advisory Panel has decided that a remuneration scheme involving transactions in gold bullion is an abusive tax avoidance scheme strengthening HM Revenue and Customs's position in prosecuting such schemes. Read Full Story
The number of early morning raids undertaken by the United Kingdom tax authority, HM Revenue and Customs, as part of its clamp down on "white collar" tax evasion has increased 34 percent over the last five years, according to Pinsent Masons, the international law firm. Read Full Story
Latvia's parliament, the Saeima, has approved tax reform legislation under which corporate income will not be taxed until profits are distributed. Read Full Story
A new report from the Treasury Inspector General for Tax Administration says that the Internal Revenue Service (IRS) has increased the risk of fraud and abuse within its own workforce by rehiring hundreds of employees with previous substantiated conduct and performance issues. Read Full Story
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