gift tax News

OECD Urges International Tax Reform Of Savings, Investments

by Ulrika Lomas, Tax-News.com, Brussels

Friday, April 13, 2018

"While countries do not necessarily need to tax savings more, there is a lot of room to improve the way countries tax savings," according to Pascal Saint-Amans, Director of the OECD Centre for Tax Policy and Administration. Read Full Story

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

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