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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

 


Tax Breaks Announced For Swiss 'Too Big To Fail' Banks

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, February 22, 2018

The Swiss Government is to ease the requirements on banks affected by the Too Big To Fail regime to ensure that they are not subject to an additional tax burden as a result of the legislation. Read Full Story

 


Polish Government Adopts SEZ Plan

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, February 21, 2018

The Polish Government has approved plans to effectively extend the scope of Poland's Special Economic Zones regime nationwide. Read Full Story

 


IRS To Close Carried Interest Loophole, Says Mnuchin

by Mike Godfrey, Tax-News.com, Washington

Wednesday, February 21, 2018

The Internal Revenue Service (IRS) will issue guidance soon to close a tax loophole that is said to be enabling hedge fund managers to access lower rates of tax reserved for carried interest. Read Full Story

 


Errors Found In Dutch Tax Rulings

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, February 21, 2018

The Netherlands could restrict the number of tax rulings it issues after an investigation of 4,462 tax rulings by the Dutch tax authority found that procedural errors were made in 78 cases. Read Full Story

 


ECJ To Hear Portuguese Road Tax Complaint

by Ulrika Lomas, Tax-News.com, Brussels

Saturday, February 17, 2018

The European Court of Justice has been asked to hear a challenge against the Portuguese road tax, in Case C-640/17 –  Luis Manuel dos Santos v Fazenda Publica. Read Full Story

 


Slovenia Pursuing 'Tax Haven' Asset Tax, Covering Also EU States

by Ulrika Lomas, Tax-News.com, Brussels

Saturday, February 17, 2018

The European Central Bank on February 14 published an opinion (CON/2018/8) on a proposal from lawmakers in Slovenia on a draft law on the return of monetary funds to the country from designated "tax havens" and the imposition of a penalty tax, providing an outline of the proposed regime. Read Full Story

 


Fractional Property Ownership Arrangement VAT-Exempt: UK's UT

by Robert Lee, Tax-News.com, London

Wednesday, February 14, 2018

The Upper Tribunal (Tax and Chancery Chamber) ruled on February 12 that the grant of fractional ownership of suites in a luxury complex in London were not similar in nature to the supply of hotel accommodation and fall within the exemption provided for the leasing or letting of immovable property. Read Full Story

 


Australia's Board Of Taxation Considers Bare Trusts Tax Reform

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

Wednesday, February 14, 2018

Australia's Board of Taxation has published the results of its review into the taxation of bare trusts. Read Full Story

 


Australia To Strengthen Multinational Anti-Avoidance Law

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

Wednesday, February 14, 2018

The Australian Government is to tighten its Multinational Anti-Avoidance Law to prevent the use of certain structures to circumvent the law's application. Read Full Story

 

 

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