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Singapore Confirms Future GST Hike In Budget

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

Tuesday, February 20, 2018

Singapore will hike its seven percent goods and services tax rate to nine percent some time between 2021 and 2025, Singapore's Finance Minister, Heng Swee Keat, announced in the territory's new Budget. Read Full Story

 


Australia Challenges Canada's 'Discriminatory' Wine Taxes

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

Thursday, January 18, 2018

The Australian Government has initiated formal WTO dispute settlement action against Canada, alleging it had adopted discriminatory measures against Australian wine. Read Full Story

 


Ireland Guides On Scope Of Corporate Tax

by Jason Gorringe, Tax-News.com, London

Wednesday, December 27, 2017

On December 22, 2017, the Irish Revenue Commissioners released guidance on the applicability of the 12.5 percent rate of corporate income tax to different activities, focusing on the criteria for classifying activities as trading. Read Full Story

 


US CPAs Bemoan Tax Cuts And Jobs Act Raw Deal

by Mike Godfrey, Tax-News.com, Washington

Tuesday, December 26, 2017

The American Institute of Certified Public Accountants has criticized the recently passed Tax Cuts and Jobs Act for excluding accounting firms from its 20 percent deduction of qualified business income from certain pass-through businesses. Read Full Story

 


Cayman Budget Targets Budget Surpluses

by Mike Godfrey, Tax-News.com, Washington

Thursday, November 2, 2017

The Cayman Islands' Premier, Alden McLaughlin, recently delivered the territory's first two-year budget, which was notable for the absence of new borrowing or revenue-raising measures. Read Full Story

 


Bahraini Ministers Approve GCC's Selective Excise Tax

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, October 20, 2017

Bahrain's Cabinet on October 16 approved Gulf Cooperation Council proposals for a selective excise tax on unhealthy drinks, the state news agency reported. Read Full Story

 


Djibouti Should Rein In Tax Exemptions, Says IMF

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, April 7, 2017

Djibouti should broaden its tax base by reducing wide-ranging exemptions and special regimes, the International Monetary Fund (IMF) has said. Read Full Story

 


UK Disabled Drivers Face New VAT Hit 'Unduly,' Charity Says

by Jason Gorringe, Tax-News.com, London

Thursday, February 16, 2017

A change to UK value-added tax rules to prevent abuse of a concession could result in persons with disabilities incurring additional costs and having to use unsuitable equipment, campaigners have said. Read Full Story

 


Romanian Court Backs Tax Cut Bill

by Ulrika Lomas, Tax-News.com, Brussels

Monday, December 26, 2016

Legislation to eliminate more than 100 taxes and fees in Romania will be sent back to parliament after being backed by the country's constitutional court. Read Full Story

 


McDonald's To Shift Tax Base To UK

by Ulrika Lomas, Tax-News.com, Brussels

Monday, December 12, 2016

McDonald's has confirmed that it is restructuring some of its operations so that it will pay tax on most of its non-US royalties in the United Kingdom instead of in Luxembourg. Read Full Story

 

 

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