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insurance tax News

Most US Taxpayers Unaware Of Individual Mandate Repeal

by Mike Godfrey,, 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,, 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,, 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


Tax Experts Concerned By More Scottish Tax Divergence

by Jason Gorringe,, 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


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



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