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property tax News

IMF Proposes Growth-Friendly Tax Reforms For Italy

by Ulrika Lomas,, Brussels

Last updated 9 hours ago | Friday, March 23, 2018

Italy should shift the tax burden from labor towards consumption and property, in particular by lowering social security contributions and broadening the value-added tax base, a new International Monetary Fund working paper says. Read Full Story


Bermuda Hikes Commercial Property Tax

by Mike Godfrey,, Washington

Tuesday, March 13, 2018

Bermuda's lower house has passed a bill temporarily raising the rate of land tax on commercial properties from seven to 12 percent. Read Full Story


Chinese Property Tax On The Cards

by Mary Swire,, Hong Kong

Tuesday, March 13, 2018

Chinese authorities are working on a long-awaited property tax to cool the country's overheated property market, according to a senior government official. Read Full Story


OECD Urges Finland To Broaden VAT Base, Cut Labor Taxes

by Ulrika Lomas,, Brussels

Wednesday, March 7, 2018

The OECD has recommended that Finland reduce its high tax wedge on labor and shift the burden of taxation towards indirect taxation, property taxes, and environmental levies. Read Full Story


Democrats Challenge IRS's SALT Rules For Property Owners

by Mike Godfrey,, Washington

Wednesday, March 7, 2018

Democrat members of the Ways and Means Committee have sent a letter to Internal Revenue Service Acting Commissioner David Kautter questioning why the agency decided to restrict the prepayment of 2017 property taxes that are not included in the Tax Cuts and Jobs Act of 2017. Read Full Story


Hong Kong's New Budget Contains Tax Relief Measures

by Mary Swire,, Hong Kong

Thursday, March 1, 2018

Hong Kong's new Budget contained a number of new tax perks for individuals and measures to promote the adoption of environmentally friendly technologies, but few measures for businesses. Read Full Story


Australia Seeks To Ensure GST From Property Transactions

by Mary Swire,, Hong Kong

Wednesday, February 28, 2018

Australia's parliament is currently considering the introduction of a new goods and services tax payment obligation on the real estate industry, included in the Treasury Laws Amendment (2018 Measures No. 1) Bill 2018, tabled on February 7, 2018. Read Full Story


OECD Calls On Chile To Pursue More Equitable Tax Policies

by Ulrika Lomas,, Brussels

Wednesday, February 28, 2018

The OECD has called on Chile to undertake more comprehensive tax reform to improve the fairness of the tax regime. Read Full Story


IMF Recommends Broad Tax Reform For The UK

by Jason Gorringe,, London

Tuesday, February 20, 2018

In its annual report for authorities in the UK, the International Monetary Fund said the country should consider reining in the scope of preferential value-added tax rates, equalizing the tax treatment of employed and self-employed persons, reforming property taxes, and reducing the corporate tax code's bias towards debt. Read Full Story


UK Urged To Reform Second Home Tax

by Jason Gorringe,, London

Thursday, February 1, 2018

RSM, the professional services firm, has called for reform of the UK's new three percent additional stamp duty charge for those acquiring second homes or buy-to-let properties. Read Full Story



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