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US House Lawmakers Considering IRS Overhaul

by Mike Godfrey, Tax-News.com, Washington

Friday, April 13, 2018

The Ways and Means Committee of the US House of Representatives considered bills to overhaul the Internal Revenue Service (IRS) and strengthen taxpayer protections at its recent markup session. Read Full Story

 


HMRC To Add To Arsenal Against Diverted Profits

by Jason Gorringe, Tax-News.com, London

Thursday, April 12, 2018

HM Revenue and Customs has launched a consultation inviting input on proposals to tackle arrangements entered into by individuals, partnerships, or companies that aim to move UK profits outside the scope of UK taxation, typically through the use of offshore trusts and companies. Read Full Story

 


Scottish Taxpayers 'Grappling With Complexity Following Tax Devolution': CIOT

by Jason Gorringe, Tax-News.com, London

Thursday, April 12, 2018

The Chartered Institute of Taxation says Scottish taxpayers now face more complexity than ever before, due to the introduction on April 6, 2018, of new rates and bands of income tax. Read Full Story

 


Denmark Hits Former Uber Drivers With Tax Bills

by Ulrika Lomas, Tax-News.com, Brussels

Friday, April 6, 2018

More than 1,000 former drivers of Uber taxis in Denmark will be required to pay additional tax after an investigation found tax irregularities in almost all cases. Read Full Story

 


IMF Proposes Growth-Friendly Tax Reforms For Italy

by Ulrika Lomas, Tax-News.com, Brussels

Friday, March 23, 2018

Italy should shift the tax burden from labor towards consumption and property, in particular by lowering social security contributions and broadening the value-added tax base, a new International Monetary Fund working paper says. Read Full Story

 


German Coalition Tax Plan 'Disappointing'

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, March 22, 2018

The Ifo economic institute, which advises the German Government, has said that the corporate tax cuts in the United States appear to have provided a short-term boost to the German economy, but criticized the lack of significant tax measures in Germany's coalition agreement. Read Full Story

 


UK Hails Win Over Tax-Avoidance Scheme

by Jason Gorringe, Tax-News.com, London

Friday, March 16, 2018

HM Revenue and Customs, the UK tax agency, has lauded a ruling in its favor secured before the courts that will save the UK exchequer tens of millions of pounds in related tax-avoidance cases. Read Full Story

 


Australian Businesses Urged To Prepare For Payroll Reform

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

Wednesday, March 7, 2018

The Australian Taxation Office is urging businesses with 20 or more employees to ensure that they are prepared for the rollout of Single Touch Payroll in July. Read Full Story

 


IoM Budget Includes Plan For Bank Tax

by Amanda Banks, Tax-News.com, 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

 


EU Suggests Ireland Broaden Its Tax Base

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, February 21, 2018

The European Commission has published its latest post-bailout report on the Irish economy, urging the Government to broaden the tax base and be wary on relying too heavily on volatile corporate tax revenue. Read Full Story

 

 

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