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Democrats Announce Tax Reform Demands

by Mike Godfrey, Tax-News.com, Washington

Thursday, October 26, 2017

Democrats want a tax code that supports middle-class families, small businesses, and innovators, closes the skills gap, and expands infrastructure investment, according to Senator Richard Neal (D-MA). Read Full Story

 


Canada Legislates For Tax, Benefit Reforms

by Mike Godfrey, Tax-News.com, Washington

Wednesday, October 25, 2017

The Canadian Government is pressing ahead with plans to cut the small business tax rate. Read Full Story

 


Canadian Tweaks Reforms To Taxation Of Passive Investment

by Mike Godfrey, Tax-News.com, Washington

Thursday, October 19, 2017

The Canadian Government has said that it will press forward with measures to limit the tax deferral opportunities related to passive investments, but will seek to ensure that business owners remain able to build a "cushion of savings." Read Full Story

 


US Republican Party Agrees New Tax Reform Blueprint

by Mike Godfrey, Tax-News.com, Washington

Thursday, September 28, 2017

Republicans have announced a new plan for reforming the US tax code, including a reduction to the corporate tax rate to 20 percent, the adoption of a territorial tax system, and a one-time tax on multinationals' unrepatriated earnings. Read Full Story

 


Canadian Businesses Concerned By Tax Reforms

by Mike Godfrey, Tax-News.com, Washington

Monday, September 25, 2017

The Canadian Federation of Independent Business has published a survey it said shows that 94 percent of small business owners and 95 percent of tax practitioners are opposed to the Government's proposed reforms to tax planning strategies used by private corporations. Read Full Story

 


Denmark Announces Tax Cut Package

by Ulrika Lomas, Tax-News.com, Brussels

Monday, September 4, 2017

The Danish Government has announced a substantial package of tax cuts worth DKK23bn (USD3.7bn) entailing reductions in tax on work, car ownership, and saving for a pension. Read Full Story

 


Australia Announces Housing Tax Breaks

by Mary Swire, Tax-news.com, Hong Kong

Friday, July 21, 2017

The Australian Government has unveiled a package of housing tax breaks, including a new scheme for first-time buyers, a superannuation incentive for downsizers, and tighter rules for foreign residents. Read Full Story

 


Australia To Close Super Guarantee Loophole

by Mary Swire, Tax-news.com, Hong Kong

Friday, July 14, 2017

The Australian Government has said it intends to close a superannuation guarantee loophole that affects employees who make salary sacrifice contributions into their superannuation accounts. Read Full Story

 


Australia Clarifies Super Taxation For Military Personnel

by Mary Swire, Tax-news.com, Hong Kong

Tuesday, July 11, 2017

The Australian Government has provided clarification on the tax treatment of military personnel who used a now-closed superannuation loophole. Read Full Story

 


Concerned Raised Over IRS's Payroll Tax Oversight

by Mike Godfrey, Tax-News.com, Washington

Friday, July 14, 2017

The Ways and Means Social Security and Oversight Subcommittees have said that the Internal Revenue Service needs to take action to reduce errors in collecting Social Security payroll taxes from state and local government employees. Read Full Story

 

 

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