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Stamp Duty Boosts Hong Kong's Tax Revenue

by Mary Swire,, Hong Kong

Tuesday, May 5, 2015

The Inland Revenue Department set another annual record for tax collections in 2014-15, with receipts of HKD301.9bn up 24 percent compared with a year earlier. Read Full Story


South Africa Issues Small Business Tax Guide 2014-15

by Lorys Charalambous,, Cyprus

Monday, March 30, 2015

The South African Revenue Service has issued its 2014-15 Tax Guide for Small Businesses, which, although not an "official publication," provides general information on income tax, value-added tax, capital gains tax, and other taxes, duties, levies, and contributions. Read Full Story


US Accountants Look For Income Tax Simplification

by Mike Godfrey,, Washington

Friday, March 27, 2015

The American Institute of Certified Public Accountants has submitted suggestions to the US Senate Finance Committee Working Group on individual tax reform. Read Full Story


IRS Publishes Pass-Through Business Statistics

by Mike Godfrey,, Washington

Tuesday, March 3, 2015

In its Winter 2015 Statistics of Income Bulletin, the Internal Revenue Service has confirmed the importance of pass-through businesses in the United States, with relevance to the ongoing debate on US tax reform. Read Full Story


IRS Improves Small Business 'Repair Regulations'

by Mike Godfrey,, Washington

Monday, February 16, 2015

The Internal Revenue Service has issued a revenue procedure to make it easier for small business owners in the United States to comply with the final tangible property regulations. Read Full Story


Schism Remains On Comprehensive US Tax Reform

by Mike Godfrey,, Washington

Tuesday, February 10, 2015

While disagreeing on the structure of reform, Senate Finance Committee Chairman Orrin Hatch and its Ranking Member Ron Wyden have both reiterated that future United States tax reform should be comprehensive, involving both corporate and individual tax codes. Read Full Story


Singapore Restructures Corporate Regulatory Fees

by Mary Swire,, Hong Kong

Friday, October 10, 2014

Singapore's Accounting and Corporate Regulatory Authority has announced that it is to streamline its regulatory fee structure for businesses, with fees for most ad hoc transactions being removed. Read Full Story


US Tax Reform Complicated By Pass-Through Businesses

by Mike Godfrey,, Washington

Tuesday, October 7, 2014

In his Tax Policy Center blog, Howard Gleckman pointed out that research by his colleague Joe Rosenberg has shown how difficult it would be to effect United States "corporate-only" tax reform that ignores the pass-through businesses subject to the individual tax code. Read Full Story


US House Majority Supports Cash Accounting Retention

by Mike Godfrey,, Washington

Wednesday, September 17, 2014

In like manner to a letter signed by 46 bipartisan United States senators last month, a bipartisan majority of the House of Representatives – 233 members – have signed a letter urging the House leadership to preserve the cash method of accounting for tax purposes, rather than a forced change to the accrual method for some businesses. Read Full Story


House Bill Seeks Philippines Start-Up Tax Exemption

by Mary Swire,, Hong Kong

Thursday, September 11, 2014

The Chairman of the Philippines House of Representatives Committee on Trade and Industry, Mark A. Villar, has introduced a bill to exempt start-up enterprises from all national and local taxes for their first two years of operation. Read Full Story



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