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retirement News

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


IoM Budget Includes Plan For Bank Tax

by Amanda Banks,, London

Thursday, February 22, 2018

The Isle of Man's 2018 Budget maintains the zero percent company tax rate, and announces a banking tax review, which will look at taxing all banking profits at the 10 percent rate from next year. Read Full Story


Most Canadians Facing A Tax Hike, Think Tank Says

by Mike Godfrey,, Washington

Monday, January 15, 2018

The Fraser Institute, a think tank, has said that more than 90 percent of Canadian families with children will pay higher taxes once the planned Canada Pension Plan payroll tax increases are fully implemented. Read Full Story


Danish Tax Cuts Scaled Back

by Ulrika Lomas,, Brussels

Thursday, January 11, 2018

Danish Prime Minister Lars Lokke Rasmussen has been forced to scale back plans to cut tax in order to retain the support of a coalition partner. Read Full Story


Aus Gov't Reviewing Rules For Early Release Of Super

by Mary Swire,, Hong Kong

Friday, December 8, 2017

The Australian Treasury is to review the rules governing the early release of superannuation on the grounds of severe financial hardship and compassionate grounds. Read Full Story


ATO Urges SMSF Users To Be Wary Of Tax Schemes

by Mary Swire,, Hong Kong

Wednesday, November 29, 2017

The Australian Taxation Office has launched Project Super Scheme Smart, a new campaign that warns self-managed super fund members to be aware of the dangers of illegal tax schemes. Read Full Story


IRS Reminds Taxpayers Of Savers' Credit

by Mike Godfrey,, Washington

Tuesday, November 21, 2017

The Internal Revenue Service has issued a reminder to low- and moderate-income workers that they can obtain a 50 percent credit for the first USD2,000 contributed to a retirement plan, called the Saver's Credit. Read Full Story


Senate Tax Proposal Seen As Better For Older US Taxpayers

by Mike Godfrey,, Washington

Monday, November 20, 2017

The American Association of Retired Persons has praised the tax bill proposed by the US Senate Committee on Finance, saying it will be better for older Americans than the House version. Read Full Story


ATO Amends Reporting Rules For SMSFs

by Mary Swire,, Hong Kong

Thursday, November 9, 2017

The Australian Taxation Office has released further details of its plans to introduce event-based reporting for self-managed superannuation funds. Read Full Story


UK Taxpayer Group Welcomes National Insurance Decision

by Jason Gorringe,, London

Monday, November 6, 2017

The announcement from the UK Government that it will delay repealing Class 2 national insurance contributions (social security tax) has been welcomed by the Low Incomes Tax Reform Group. Read Full Story



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