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US Senate Presents A Different Take On Tax Reform

by Mike Godfrey, Tax-News.com, Washington

Monday, November 13, 2017

The Senate Finance Committee released its tax reform plan on November 9, presenting a draft bill with marked differences to that agreed by the House Ways and Means Committee on the same day. Read Full Story

 


Finnish Tax Revenue Growth Slowed In 2016

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, July 20, 2017

The Finnish statistics agency has reported on tax revenue growth in the territory in 2016. Read Full Story

 


OECD Pushes Tax Reform To Address Wealth Disparity

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 8, 2017

The OECD has called on governments to make changes to their tax regimes to support poverty-reduction. Read Full Story

 


Malta Reduces Tax On Intergeneration Family Business Transfers

by Amanda Banks, Tax-News.com, London

Thursday, April 27, 2017

Malta has announced a reduction in transfer duties on family businesses passed from one generation to another through an act of donation. Read Full Story

 


US Tax Reform Proposals Announced

by Mike Godfrey, Tax-News.com, Washington

Thursday, April 27, 2017

The US Government has announced its plans for tax reform, including a 15 percent territorial basis corporate tax system, a reduction in income tax for individuals, the repeal of the Alternative Minimum Tax and the Estate Tax, and a one-time tax on repatriated profits. Read Full Story

 


Italy Introduces Non-Dom Tax Incentive

by Ulrika Lomas, Tax-News.com, Brussels

Friday, March 10, 2017

In a bid to attract wealthy individuals to relocate to the country, and high net worth Italian expats to return there, the Italian authorities have introduced a EUR100,000 (USD106,251) per year substitute tax on foreign income and gains for previous non-doms who declare Italy as their primary tax residence. Read Full Story

 


India Should Reform Income And Property Taxes, Says OECD

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

Thursday, March 2, 2017

India should consider withdrawing a property taxation system that allows people to maximize their tax-free income, the OECD has said in its annual economic report for the country. Read Full Story

 


Taiwan Hikes Inheritance, Cigarette Taxes

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

Friday, January 13, 2017

Parliamentary approval was received on January 11 for the Taiwanese Government's proposals to hike cigarette and inheritance taxes, to find the extra funds needed to finance a long-term elderly care program. Read Full Story

 


South African Tax Bills Approved By Parliament

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, December 19, 2016

South Africa's Ministry of Finance has published the 2016 Taxation Laws Amendment Bill, which has received parliamentary approval and gives effect to the tax changes announced in the Budget in February this year, together with legislation confirming the final details of. the Special Voluntary Disclosure Program. Read Full Story

 


US Chamber Supports Bill Against New Estate Tax Rules

by Mike Godfrey, Tax-News.com, Washington

Wednesday, October 26, 2016

The US Chamber of Commerce wrote a letter on October 24 in support of the legislation introduced in the House of Representatives that would eliminate the proposed changes to Section 2704 of the Internal Revenue Code on estate and gift tax valuation discounts. Read Full Story

 

 

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