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US Senate Presents A Different Take On Tax Reform

by Mike Godfrey,, Washington

Monday, November 13, 2017

The Senate Finance Committee released its tax reform plan on November 9, presenting a draft bill with marked differences to that agreed by the House Ways and Means Committee on the same day. Read Full Story


Republicans Reveal US Tax Reform Law

by Mike Godfrey,, Washington

Friday, November 3, 2017

On November 2 the US Government released the Tax Cuts and Jobs Act, setting out in legislation its plans for comprehensive reform of the US tax code. Read Full Story


SARS Guides Non-Executive Directors On VAT Obligations

by Lorys Charalambous,, Cyprus

Wednesday, June 14, 2017

The South African Revenue Service has issued further guidance for non-executive directors on the tax treatment of the fees they receive. Read Full Story


US Pass-Through Tax Plan 'A Massive Tax Break For High Earners'

by Mike Godfrey,, Washington

Wednesday, May 17, 2017

The Urban-Brooking Tax Policy Center has calculated that the 15 percent tax rate for pass-through businesses proposed by the Trump administration could reduce tax revenues by as much as USD2 trillion over the next decade. Read Full Story


The Tax Plans Of President-Elect Trump

by Mike Godfrey,, Washington

Wednesday, November 9, 2016

Taxpayers in the United States could be in line for substantial income tax cuts following Donald Trump's surprisingly comfortable victory in the presidential elections on November 8. Read Full Story


Congress Examines IRS Attitude To Small Businesses

by Mike Godfrey,, Washington

Monday, June 27, 2016

The US House of Representatives Small Business Subcommittee on Economic Growth, Tax, and Capital Access has held a hearing to examine the attitude of the Internal Revenue Service toward small business. Read Full Story


US Congress Receives Bill To Cut Small Business Taxes

by Mike Godfrey,, Washington

Tuesday, June 7, 2016

Randy Hultgren has introduced legislation into the House of Representatives to provide federal tax relief and reduce administrative burdens for pass-through entities in the United States. Read Full Story


Hong Kong's Tax Revenue Dipped In 2015-16

by Mary Swire,, Hong Kong

Wednesday, May 4, 2016

Hong Kong's Commissioner of Inland Revenue, Wong Kuen-fai, has reported that total tax revenue collected in Hong Kong in the 2015-16 fiscal year, which ended on March 31, was HKD291.3bn, a drop of HKD10.6bn compared with the previous year. Read Full Story


US Bill Would Guarantee Small Businesses Equivalent Tax Cuts

by Mike Godfrey,, Washington

Thursday, April 28, 2016

Vern Buchanan, a senior member of the House of Representatives Ways and Means Committee, has introduced the Main Street Fairness Act to ensure that small businesses receive an equivalent tax rate cut in any future reform of corporate taxation. Read Full Story


US Accountants Urge Preservation Of Cash Accounting

by Mike Godfrey,, Washington

Wednesday, April 27, 2016

On April 26, the American Institute of Certified Public Accountants encouraged the US Senate Finance Committee, which was holding a hearing on business tax reform, to preserve the use of the cash method of accounting for tax purposes. Read Full Story



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