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Stories that are tagged 'tax reform'

China Must Make Its Tax System More Progressive: IMF

by Mary Swire,, Hong Kong

Last updated 16 hours ago | Monday, August 21, 2017

China should make its tax system more progressive and fairer for lower earners, the International Monetary Fund said. Read Full Story


Dominican Republic Needs Tightened Tax Regime: IMF

by Glen Shapiro,, Washington

Last updated 16 hours ago | Monday, August 21, 2017

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


Canadian Firms Oppose Govt's New Tax Changes

by Mike Godfrey,, Washington

Last updated 16 hours ago | Monday, August 21, 2017

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


Australia Passes Wine Equalisation Tax Rebate Bill

by Mary Swire,, Hong Kong

Thursday, August 17, 2017

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


Somalia Should Pursue Tax Reform, World Bank Says

by Ulrika Lomas,, Brussels

Wednesday, August 16, 2017

The World Bank has said Somalia needs income from a broader tax base to rebuild the country. Read Full Story


Brazil Says Finances To Deteriorate This Year

by Mike Godfrey,, Washington

Wednesday, August 16, 2017

Brazil has lowered its primary deficit target to BRL159bn from BRL139bn after a significant fall in tax revenues Read Full Story


Hong Kong To Proceed With Lower Profits Tax Rate

by Mary Swire,, Hong Kong

Tuesday, August 15, 2017

Hong Kong is preparing to take forward proposals to lower profits tax to 10 percent for smaller firms. Read Full Story


US IRS Now Accepting CbC Reports

by Mike Godfrey,, Washington

Monday, August 14, 2017

The US Internal Revenue Service has begun accepting country-by-country reports from multinational corporations. Read Full Story


Aus Opposition To Introduce Tax Transparency Bill

by Mary Swire,, Hong Kong

Monday, August 14, 2017

The Australian Labor Party has announced plans to introduce a private Senators' bill that would require private companies with more than AUD100m (USD78.7m) in turnover to publicly release information on their tax affairs each year. Read Full Story


Irish Gov't 'Eager' To Cut Tax On Middle Earners

by Jason Gorringe,, London

Monday, August 14, 2017

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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