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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

 


Moscovici: We Need To Act Fast On Digital Taxation

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, February 21, 2018

EU Tax Commissioner Pierre Moscovici has said that the bloc must "act fast to secure a common approach to digital taxation" and that member states must decide on how to achieve "a fundamental overhaul of our corporate tax systems." Read Full Story

 


Canada Considering Tax Response To Compete With US

by Mike Godfrey, Tax-News.com, Washington

Wednesday, February 21, 2018

The Canadian Government is conducting an analysis of the potential impact of the recent US tax reforms, Finance Minister Bill Morneau. 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

 


SMEs Urge Canada To Go Slow On Tax Reform

by Mike Godfrey, Tax-News.com, 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

 


IMF Recommends Broad Tax Reform For The UK

by Jason Gorringe, Tax-News.com, London

Tuesday, February 20, 2018

In its annual report for authorities in the UK, the International Monetary Fund said the country should consider reining in the scope of preferential value-added tax rates, equalizing the tax treatment of employed and self-employed persons, reforming property taxes, and reducing the corporate tax code's bias towards debt. Read Full Story

 


Global Energy Tax Regimes Falling Severely Short: OECD

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, February 14, 2018

The OECD has released a new report analyzing energy use and tax regimes in 42 countries, which make up 80 percent of global energy use. The report calls on governments to adopt more effective use of taxes to cut harmful emissions from energy use. Read Full Story

 


Morrison Continues Australian Corporate Tax Cut Push

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

Tuesday, February 13, 2018

It does not "make any sense" to keep Australia's business taxes high, Treasurer Scott Morrison has said. Read Full Story

 


Colombia, Italy Sign New Double Tax Pact

by Mike Godfrey, Tax-News.com, Washington

Thursday, February 1, 2018

Colombia and Italy signed a double tax agreement on January 26, 2018, which provides for lower withholding tax rates on cross-border payments of dividends, interest, and royalties income. Read Full Story

 


US Tax Reforms To Boost Global Growth

Mike Godfrey, Tax-News.com, Washington

Tuesday, January 23, 2018

Tax reform in the US could drive up the global economic growth rate to 3.9 percent, according to new estimates from the International Monetary Fund. Read Full Story

 

 

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