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IoM Budget Includes Plan For Bank Tax

by Amanda Banks, Tax-News.com, London

Thursday, February 22, 2018

The Isle of Man's 2018 Budget maintains the zero percent company tax rate, and announces a banking tax review, which will look at taxing all banking profits at the 10 percent rate from next year. Read Full Story

 


India Concludes First US Bilateral Advance Pricing Agreement

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

Wednesday, February 7, 2018

The Indian Central Board of Direct Taxes on February 7 announced that it entered into its first ever bilateral advance pricing agreement with a US firm, in cooperation with authorities in the US. Read Full Story

 


Most US Taxpayers Unaware Of Individual Mandate Repeal

by Mike Godfrey, Tax-News.com, Washington

Monday, January 29, 2018

Most US taxpayers do not know they will no longer face a tax penalty under the Affordable Care Act's individual mandate, which was shuttered in the recently enacted Tax Cuts and Jobs Act. Read Full Story

 


Singapore Urged To Enhance Tax Offering

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

Friday, January 5, 2018

Ernst and Young Solutions LLP, Singapore, has released its wish list for the Singapore Budget 2018, calling for reforms to sharpen the territory's competitiveness. Read Full Story

 


India Signs Three Further APAs During December

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

Tuesday, January 2, 2018

India entered into three more advance pricing agreements in December, with two unilateral agreements and a bilateral APA concluded with authorities in the United Kingdom. Read Full Story

 


New Zealand Finalizes Plans For Tax Advisory Panel

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

Wednesday, December 27, 2017

The New Zealand Government's new Tax Working Group will begin to meet starting next month, Revenue Minister Stuart Nash and Finance Minister Grant Robertson said December 20, 2017, announcing the appointment of members. Read Full Story

 


US Achieves Landmark Comprehensive Tax Reform

by Mike Godfrey, Tax-News.com, Washington

Tuesday, December 26, 2017

US President Donald Trump has signed the Tax Cuts and Jobs Act into law. The bill will bring about sweeping changes to the US tax code for the first time in 30 years and slash the high corporate income tax rate to a competitive 21 percent. Read Full Story

 


US Congress Approves Tax Reform Bill

by Mike Godfrey, Tax-News.com, Washington

Thursday, December 21, 2017

The United States House of Representatives has approved the final version of the Tax Cuts and Jobs Act, paving the way for President Trump to sign the changes into law, although this final act may be delayed until the New Year. Read Full Story

 


ING Group Loses 'Banking Services' VAT Appeal

by Jason Gorringe, Tax-News.com, London

Tuesday, December 19, 2017

The UK Court of Appeal has dismissed an appeal brought by ING Group against rulings from the Upper Tribunal and the First-Tier Tribunal concerning the group's inability to recover VAT incurred on costs associated with providing what it considered was limited to a deposit-taking business for no consideration, which would fall outside the scope of VAT, and the UK tax authority, HM Revenue and Customs, instead arguing, successfully, that it was supplying exempt banking services, against which the taxpayer could not recover output tax. Read Full Story

 


Tax Experts Concerned By More Scottish Tax Divergence

by Jason Gorringe, Tax-News.com, London

Monday, December 18, 2017

The Association of Taxation Technicians has expressed concern at new measures introduced in the draft Scottish Budget for 2018-19, warning lawmakers that it could introduce further complexity to already challenging income tax computations for Scottish taxpayers. Read Full Story

 

 

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