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German Bundestag Adopts Multiple DTAs

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, October 31, 2012

On the recommendation of the finance committee, the German Bundestag, or lower house of parliament, recently adopted the government’s bill pertaining to double taxation agreements concluded with Luxembourg, the Netherlands and Liechtenstein. Read Full Story

 


France May Ease Proposed 75% Income Tax

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, September 11, 2012

Determined to ensure that the measure does not lead to a massive exodus of top executives, the French government reportedly now plans to soften conditions for its 75% tax on top earners, although the final decisions have not as yet been made. Read Full Story

 


Turkey To Grant Tax Deduction For Sport Sponsorship

by Ulrika Lomas, Tax-News.com, Brussels

Monday, September 3, 2012

Payments for sponsorship of sporting events may become creditable against Turkish corporate income tax in the future. This is part of Turkey's policy to invest and contribute towards the development of Turkish sports clubs. Read Full Story

 


US Lawmakers Look To Abolish Olympic Medal Taxes

by Leroy Baker, Tax-News.com, New York

Wednesday, August 8, 2012

After Americans for Tax Reform pointed out that American individuals winning medals at the Olympics would be liable for United States income tax, legislation was introduced in both the House of Representatives and the Senate to provide for their exemption. Read Full Story

 


France Eyes 75% Tax In 2013

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, July 11, 2012

French Budget Minister Jérôme Cahuzac has recently confirmed that the government is currently considering its plans for a 75% tax imposed on income in excess of EUR1m (USD1.3m), emphasizing that the measure will be in force in 2013. Read Full Story

 


UK Clarifies Tax Position Of Olympic Torch Sales

by Robert Lee, Tax-News.com, London

Thursday, June 7, 2012

HM Revenue and Customs has issued a bulletin detailing the potential tax consequences that may be incurred from the sale of an Olympic Torch. Read Full Story

 


Austria Focuses On Eradicating Tax Loopholes

by Ulrika Lomas, Tax-News.com, Brussels

Monday, January 23, 2012

Echoing views expressed in parliament recently by Austria’s Finance Minister Maria Fekter, legal tax expert Werner Doralt has given his full support to any plans to close existing loopholes in the country’s tax system to consolidate the budget. Read Full Story

 


Make Golf Tax-Deductible, Canadian Campaigners Say

by Mike Godfrey, Tax-News.com, Washington

Thursday, January 5, 2012

The Canadian golf industry is unfairly treated by the country's tax law, a group of campaigners has said, calling for game expenses to be deductible if business-related. Read Full Story

 


Italian Tax Man Renews Agreement With Soccer Clubs

by Ulrika Lomas, Tax-News, Brussels

Wednesday, December 14, 2011

The Italian Revenue Agency has signed a protocol with the Italian national football federation which will renew, until February 28, 2013, regulation and control over the tax affairs and fiscal compliance of the clubs within the football federation’s ambit. Read Full Story

 


France Eyes Soccer Transfer Tax

by Ulrika Lomas, Tax-News.com, Brussels

Monday, October 24, 2011

French Budget Minister Valérie Pécresse has recently called for a working group to be established to examine the idea of imposing a tax on transfer fees received by soccer clubs when selling players. Read Full Story

 

 

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