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The Federal Court of Canada has ruled that the Canadian Revenue Agency may not conduct further in-person interviews with representatives from a multinational corporation concerning its transfer pricing affairs, having already discussed earlier tax years. Read Full Story
The Australian Bankers' Association has said that it will mount a High Court challenge to the South Australian Government's proposed bank levy, should the measure pass through parliament. Read Full Story
China should make its tax system more progressive and fairer for lower earners, the International Monetary Fund said. Read Full Story
The Canadian Government's planned crackdown on tax planning strategies that involve private corporations could result in significant tax increases that negatively affect entrepreneurs, according to the Society of Trust and Estate Practitioners Canada. Read Full Story
The Dominican Republic needs to agree a medium-term plan to increase the amount of tax revenue it is able to collect, while providing a more certain tax regime for taxpayers, the International Monetary Fund said. Read Full Story
The Australian Government has passed legislation that will tighten the eligibility criteria for the Wine Equalisation Tax rebate and prevent the rebate being claimed multiple times on the same wine. Read Full Story
Brazil has lowered its primary deficit target to BRL159bn from BRL139bn after a significant fall in tax revenues Read Full Story
The World Bank has said Somalia needs income from a broader tax base to rebuild the country. Read Full Story
Hong Kong is preparing to take forward proposals to lower profits tax to 10 percent for smaller firms. Read Full Story
Ireland's new Cabinet is "extremely eager" to ease the tax burden on middle-income earners, according to Junior Finance Minister Michael D'Arcy. Read Full Story
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