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insurance tax News

Grenada Gears Up For FATCA

by Mike Godfrey,, Washington

Wednesday, October 18, 2017

Grenada's Inland Revenue Division has completed a series of training exercises for its staff and the island's financial institutions in preparation for the start of reporting under the US Financial Account Tax Compliance Act. Read Full Story


UK Should Require More Tax From Self-Employed: OECD

by Amanda Banks,, London

Wednesday, October 18, 2017

The UK Government should revive its abandoned plan to increase National Insurance contributions (social security tax) for the self-employed, says the OECD in a new report. Read Full Story


Norway's Budget Cuts Income Tax

by Ulrika Lomas,, Brussels

Monday, October 16, 2017

The Norwegian Government has said the Budget for 2018 meets its election commitment to encourage higher investment, job creation, and economic growth, including through an income tax cut. Read Full Story


IRS Warns Of New Tax Scams

by Mike Godfrey,, Washington

Friday, October 13, 2017

The Internal Revenue Service has released guidance on a number of new fraud schemes targeting tax professionals and their clients. Read Full Story


Fitch Comments On French Life Insurance Tax Changes

by Ulrika Lomas,, Brussels

Monday, September 18, 2017

French government plans for a flat tax rate on withdrawals from life assurance contracts over EUR150,000 (USD179,000) are "a marginal negative" for the French life sector, according to Fitch Ratings. Read Full Story


Canadian Businesses Urge Gov't To Scrap Tax Plans

by Mike Godfrey,, Washington

Monday, September 4, 2017

Thirty-five Canadian business organizations have written to Finance Minister Bill Morneau to ask that he scrap proposals to crack down on the use of tax planning strategies by private corporations. Read Full Story


US Taxpayers Call For New Obamacare Levies To Be Shelved

by Mike Godfrey,, Washington

Monday, August 7, 2017

New levies under Obamacare that are due to be introduced from January 1, 2018, should be deferred, Americans for Tax Reform, a lobby group, has said. Read Full Story


UK Welcomes Success Of Accelerated Payment Notices

by Jason Gorringe,, London

Wednesday, July 19, 2017

HM Revenue and Customs, the UK tax authority, has reported that it has collected more than GBP4bn (USD5.2bn) in advance tax payments from those taxpayers that have used a tax avoidance scheme. Read Full Story


Senate Health Care Bill 'A Win For Middle Class,' Says ATR

by Mike Godfrey,, Washington

Wednesday, July 12, 2017

A prominent taxpayer advocacy group has defended the tax cuts in the Senate's healthcare reform bill, saying that they will benefit middle class American families. Read Full Story


UK Tax Freeze Impractical, Think Tank Says

by Jason Gorringe,, London

Tuesday, May 2, 2017

UK politicians should avoid including pledges to freeze tax in their manifestos ahead of the election in June, the Institute for Fiscal Studies has said. Read Full Story



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