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health care News

US House Passes Bill To Improve Health Savings Accounts

by Mike Godfrey,, Washington

Friday, July 8, 2016

On July 5, against opposition from President Barack Obama, the US House of Representatives passed tax-related health care legislation that includes an expansion of health savings accounts and an increase to the existing caps on repayments of advance premium tax credits. Read Full Story


SARS Guides On PIT, Medical Tax Credits

by Lorys Charalambous,, Cyprus

Monday, July 4, 2016

The South African Revenue Service has issued an amended short guide to individual income tax in South Africa, as well as a new guide on the determination of medical tax credits. Read Full Story


IRS Begins Monthly Health Coverage Tax Credit Payments

by Mike Godfrey,, Washington

Tuesday, May 31, 2016

The US Internal Revenue Service has announced that it expects to be able to make advance monthly payments of the Health Coverage Tax Credit to some individuals beginning in mid-summer 2016. Read Full Story


OECD Urges Germany To Reduce Labor Tax Wedge

by Ulrika Lomas,, Brussels

Friday, April 15, 2016

Germany should shift its tax burden away from labor and towards real estate and consumption, according to the Organisation for Economic Cooperation and Development. Read Full Story


Report Recommends Australian Sugar Tax

by Mary Swire,, Hong Kong

Thursday, April 14, 2016

The introduction in Australia of a 20 percent tax on sugar-sweetened drinks would raise an estimated AUD400m (USD308m) a year and reduce annual health spending by up to AUD29m, according to a new report published by the University of Queensland School of Public Health. Read Full Story


Treasury Issues Obamacare Exemption Fact Sheets

by Mike Godfrey,, Washington

Tuesday, March 22, 2016

The US Treasury Department has issued a series of fact sheets on the exemptions available from the Affordable Care Act health insurance coverage requirement, if individuals can not afford coverage or meet other conditions, and about how to claim an exemption during tax filing. Read Full Story


IMF Puts VAT Introduction As Priority For San Marino

by Ulrika Lomas,, Brussels

Friday, March 18, 2016

The International Monetary Fund has released its 2016 Article IV consultation report for San Marino and recommended that the territory should start to reduce its fiscal deficit, with the introduction of the proposed value-added tax being a policy priority. Read Full Story


UK To Introduce 'Sugar Tax' On Soft Drinks

by Robert Lee,, London

Friday, March 18, 2016

UK Chancellor George Osborne has announced plans to introduce a new levy on companies that produce sugar-sweetened soft drinks, which is expected to raise GBP520m (USD742.8m). Read Full Story


Higher Obamacare APTC Repayments This Year

by Mike Godfrey,, Washington

Tuesday, March 15, 2016

Tax services provider H&R Block has seen a higher average repayment of advance premium tax credit by its clients in the current 2016 tax filing season – USD579 this year compared to USD530 last tax season. Read Full Story


Canadian Senate Committee Recommends Sugar Tax

by Mike Godfrey,, Washington

Wednesday, March 2, 2016

A Canadian Senate Committee has recommended that the Government consider the introduction of a new tax on sugar-sweetened and artificially-sweetened drinks. Read Full Story



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