speculation News

Austria May Pull Out Of European Financial Transactions Tax Talks

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, March 3, 2020

On February 19, 2020, German Finance Minister Olaf Scholz issued a statement to say that he remains "committed" to the introduction of a financial transactions tax at European Union level along the same lines as that proposed by the German Government last month, despite opposition from within the EU, notably from Austria. Read Full Story

New Zealand To Better Track Taxpayers' Property Transactions

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

Friday, June 21, 2019

New Zealand's Inland Revenue has announced that those who buy and sell property will be required to provide their IRD number on land transfer documentation, to improve the agency's ability to enforce the tax rules on property speculation. Read Full Story

New Zealand's Tax Reform Consultation Ends This Week

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

Tuesday, April 24, 2018

New Zealand is to soon begin formulating new tax reform measures, aimed at improving the balance and fairness of the tax regime, based on the feedback to a public consultation that ends April 30. Read Full Story

NZ Agrees Mandate, Leadership For 'Fairer Tax' Working Group

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

Wednesday, November 29, 2017

New Zealand's Government has agreed to the formation of a Tax Working Group, to be chaired by Sir Michael Cullen, which will consider changes to the structure, fairness, and balance of the country's tax system. Read Full Story

Few Tax Policy Hints From New Zealand's New Gov't

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

Tuesday, October 24, 2017

New Zealand's new Labour Party-led Government will increase penalties for corporate fraud and tax evasion, according to its coalition agreement with the NZ First Party. Read Full Story

Korea To Hike Taxes To Cool Property Bubble

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

Tuesday, August 15, 2017

South Korea is to hike the capital gains tax rate paid by those acquiring more than one property. Read Full Story

Canada Cracking Down On Real Estate Tax Evasion

by Mike Godfrey, Tax-news.com, Washington

Tuesday, June 20, 2017

The Canada Revenue Agency has said that audits it undertook between April 2015 and March 2017 of real estate transactions resulted in more than CAD329.4m (USD249.2m) in assessed income that had not been reported. Read Full Story

Ontario To Introduce Foreign Buyers Property Tax

by Mike Godfrey, Tax-news.com, Washington

Friday, April 21, 2017

The Ontario Government will introduce a 15 percent Non-Resident Speculation Tax on purchases of residential property in the Greater Golden Horseshoe region. Read Full Story

China Airs Concerns About EU Duties On Chinese Steel

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

Thursday, April 13, 2017

China's Ministry of Commerce has spoken out over trade protectionism in the steel industry, following a European Commission anti-dumping duty decision on hot-rolled sheet imported from China. Read Full Story

Noonan Outlines Ireland's Objections To CCCTB

by Jason Gorringe, Tax-News.com, London

Wednesday, January 25, 2017

The European Commission's proposal for a common consolidated corporate tax base is "not acceptable to Ireland," Irish Finance Minister Michael Noonan has said. Read Full Story

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