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tax planning News

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


SMEs Urge Canada To Go Slow On Tax Reform

by Mike Godfrey,, Washington

Tuesday, February 20, 2018

New Canadian rules on income sprinkling are barely understood and SMEs are concerned at the prospect of a crackdown on passive investments, according to the president of the Canadian Federation of Independent Business. Read Full Story


Australia Tightening Tax Consolidation Regime

by Mary Swire,, Hong Kong

Thursday, February 15, 2018

The Australian Government is legislating to close loopholes in the tax consolidation regime. Read Full Story


Norway Advocates Global Digital Tax Solution

by Ulrika Lomas,, Brussels

Monday, January 22, 2018

The Norwegian Government is considering possibilities for the taxation of multinational companies' "value creation" in Norway, including in the area of value-added tax, although it said that it would prefer a multilateral agreement on any new measure. Read Full Story


Moscovici Discusses EU's Shrinking Tax Blacklist

by Ulrika Lomas,, Brussels

Friday, January 19, 2018

EU Tax Commissioner Pierre Moscovici has said it is a positive thing that some of the countries on the EU's black list of non-cooperative tax jurisdictions have made commitments to change their tax laws. Read Full Story


Mongolia Signs Up To BEPS Minimum Standards

by Mary Swire,, Hong Kong

Monday, January 8, 2018

By signing up to the BEPS Inclusive Framework, Mongolia is the latest country to agree to implement the base erosion and profit shifting minimum standards recommended by the OECD. Read Full Story


HMRC Updates Minimum Standards For Tax Agents

by Jason Gorringe,, London

Friday, January 5, 2018

On January 4, 2018, HM Revenue and Customs updated its "standard for agents," which sets out minimum standards tax agents and advisers are expected to meet when providing services to UK taxpayers. Read Full Story


Bulgarian Presidency Outlines EU Tax Plans

by Ulrika Lomas,, Brussels

Friday, January 5, 2018

The "fair and efficient" taxation of corporate profits and the fight against tax avoidance and evasion through enhanced administrative cooperation are among the priorities of the new Bulgarian presidency of the European Union, which commenced on January 1, 2018. Read Full Story


Singapore, Mauritius Added To Ukraine's TP Control List

by Lorys Charalambous,, Cyprus

Thursday, January 4, 2018

The Government of Ukraine has included Singapore, Mauritius, and seventeen other nations in its list of tax jurisdictions whose transactions are subject to additional transfer pricing controls. Read Full Story


Canadian Taxpayer Group Notes 2018 Tax Policy Changes

by Mike Godfrey,, Washington

Monday, January 1, 2018

The Canadian Taxpayers Federation has published its annual report on the tax changes to be introduced during 2018. Read Full Story



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