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Singapore Targets A More Progressive Tax Regime In 2022 Budget

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

Monday, March 21, 2022

Singapore has announced personal income tax hikes and higher wealth taxes on the territory's wealthiest individuals, as well as plans to ramp up the territory's carbon tax, in its newly released Budget. Read Full Story

 


US IRS To Pause Some Tax Enforcement Proceedings

by Mike Godfrey, Tax-News.com, Washington

Wednesday, February 16, 2022

The US Internal Revenue Service (IRS) has suspended the use of more than a dozen additional letters, including the mailing of automated collection notices, normally issued when a taxpayer owes additional tax and the IRS has no record of a taxpayer filing a tax return. Read Full Story

 


Ecuador Introduces Amnesty And Taxes On Assets

by Mike Godfrey, Tax-News.com, Washington

Wednesday, January 5, 2022

Legislation has been enacted in Ecuador to introduce new taxes on companies and wealthy individuals, to fund government efforts during the COVID-19 pandemic. Read Full Story

 


Philippines DOF Says Wealth Tax Plan Would Be Self-Defeating

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

Monday, December 6, 2021

The Philippines Department of Finance has issued a statement warning against the introduction of a new tax on the super wealthy. Read Full Story

 



Indonesian Lawmakers Approve Tax Reform Plans

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

Monday, October 18, 2021

Indonesia's lower house of parliament has signed off on a bill that provides for a two-stage hike to the headline value-added tax rate, the cancellation of a planned corporate tax cut, and the introduction of a new top rate of personal income tax. Read Full Story

 


Netherlands Announces 'Modest' 2022 Budget

by Ulrika Lomas, Tax-News.com, Brussels

Monday, October 4, 2021

The Dutch Government has announced changes aimed at improving the tax system in its 2022 Tax Plan, released on September 21. Read Full Story

 


US Lawmakers Approve New Cryptoassets Reporting Rules

by Mike Godfrey, Tax-News.com, Washington

Wednesday, August 25, 2021

The US Senate has approved the inclusion of new provisions in the bipartisan infrastructure bill to require intermediaries involved in cryptocurrency trading to report details about transactions. Read Full Story

 


Wyden Takes Aim At US Pass-Through Income Tax Break

by Mike Godfrey, Tax-News.com, Washington

Friday, August 6, 2021

Senate Finance Committee Chair Ron Wyden (D-OR) has introduced legislation to overhaul the 20 percent deduction for pass-through income introduced into US tax law in 2017. Read Full Story

 


Hong Kong Explains COVID-19 Reliefs For Tax Debtors

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

Friday, August 6, 2021

Hong Kong's Inland Revenue Department has explained COVID-19 tax concessions available for taxpayers struggling to pay their tax dues and has highlighted upcoming property tax obligations. Read Full Story

 

 

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