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retail News

More US Firms Announce Investments After Tax Cuts

Mike Godfrey,, Washington

Wednesday, January 31, 2018

One month after the US slashed its corporate tax rate to 21 percent, 287 companies have announced wage hikes or plans to expand their investments in the US, according to Americans for Tax Reform. Read Full Story


UAE Confirms Online Purchases Are Subject To VAT

by Lorys Charalambous,, Cyprus

Tuesday, January 23, 2018

The United Arab Emirates' Federal Tax Authority has released a statement confirming that all purchases from online retailers are subject to the same value-added tax rules as for purchases from brick and mortar stores – that they should generally be subject to the headline five percent value-added tax rate. Read Full Story


HMRC Urged To Temper New VAT Penalties On Online Retailers

by Jason Gorringe,, London

Monday, January 15, 2018

The Chartered Institute of Taxation is calling for revisions to a new government scheme to tackle VAT evasion to ensure those that make administrative errors but are not accused of involvement in tax evasion are not penalized with heavy fines. Read Full Story


Walmart Joins The Ranks Of US Firms 'Sharing US Tax Reform Benefits'

by Glen Shapiro,, New York

Thursday, January 11, 2018

Walmart, the US retail giant, has become the latest company to announce perks for its employees as a result of the passage of the US tax reform bill. Read Full Story


Liechtenstein Amended VAT Rates, Rules On January 1

by Ulrika Lomas,, Brussels

Tuesday, January 9, 2018

Liechtenstein introduced comprehensive changes to its value-added tax regime from January 1, 2018, on the basis of the law of November 10, 2017, on the amendment of the VAT law, published in the nation's Official Gazette. Read Full Story


Pakistan Invites Pre-Budget Comments

by Mary Swire,, Hong Kong

Monday, January 8, 2018

Pakistan has invited feedback from interested parties on measures to be included in the country's 2018-19 Budget. Read Full Story


Finland Increases Tax On Alcohol

by Ulrika Lomas,, Brussels

Friday, January 5, 2018

Taxes on alcoholic beverages increased at the start of 2018 in Finland following a vote by parliament last month. Read Full Story


Taxpayers Urge New Zealand To End Tobacco Tax Grab

by Mary Swire,, Hong Kong

Tuesday, January 2, 2018

New Zealand's Taxpayers' Union has bemoaned the Government's plans to increase the excise duty on tobacco by 10 percent each year until 2020, arguing that the burden disproportionately falls on lower income taxpayers and the Government is failing to provide enough funding to programs to help taxpayers cut down or quit smoking. Read Full Story


Switzerland Introduces Landmark VAT Changes

by Ulrika Lomas,, Brussels

Monday, January 1, 2018

Switzerland introduced numerous significant changes to its value-added tax rules on January 1, including measures aimed at leveling the playing field for domestic businesses in competition with overseas, online retailers. Read Full Story


British Retailers Set Out UK Free Trade Deal Wishlist

by Jason Gorringe,, London

Wednesday, December 27, 2017

The British Retail Consortium has set out the free trade deals of most value to its members and consumers, with the UK set to lose access to EU free trade agreements unless the UK immediately concludes replica deals upon exiting the European Union. Read Full Story



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