trade News

EU, Japan Ink New Trade Agreement

by Ulrika Lomas, Tax-News.com, Brussels

Monday, July 23, 2018

The EU and Japan have signed an Economic Partnership Agreement that will remove the majority of the EUR1bn (USD1.2bn) of duties paid annually by EU companies exporting to Japan. Read Full Story

UK Legislates To Adopt New EU VAT Rules For Vouchers

by Jason Gorringe, Tax-News.com, London

Friday, July 6, 2018

On July 6, 2018, the UK Government issued draft legislation that would transpose new EU value-added tax rules on vouchers into UK law, along with an explanatory memorandum of the changes. Read Full Story

Pakistani Tax Amnesties Extended Until July 31

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

Monday, July 9, 2018

Pakistan's Government has approved a one-month extension to tax amnesties for companies and individuals, which were due to end on June 30, 2018. Read Full Story

Ontario Withdraws Support For Canadian Carbon Taxes

by Mike Godfrey, Tax-News.com, Washington

Monday, July 16, 2018

Ontario's new government has scrapped the province's cap-and-trade carbon pricing regime, effective July 3. Read Full Story

Australian Gov't Delays Company Tax Vote

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

Sunday, July 1, 2018

The Australian Government is to postpone a Senate vote on its company tax cuts until after July's by-elections. Read Full Story

EFTA States Sign New Free Trade Deals

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, July 4, 2018

The European Free Trade Association states – Switzerland, Liechtenstein, Iceland, and Norway – signed a free trade agreement with Ecuador on June 25, 2018, and upgraded the bloc's existing free trade deal with Turkey. Read Full Story

Tech Groups Raise Concerns About EU Digital Tax

by Ulrika Lomas, Tax-News.com, Brussels

Sunday, July 1, 2018

The European Commission's proposal for a digital services tax would be "deeply harmful" to the EU business environment and may lead to double taxation, a coalition of business and technology groups has warned EU leaders. Read Full Story

Netherlands To Champion EU VAT Law Change For Cost-Sharing Groups

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 14, 2018

The Dutch Ministry of Finance has reassured taxpayers that it seeking to resolve at EU level reform of the EU's value-added tax rules concerning cost-sharing groups, following the European Court of Justice's rulings in DNB Banka (Case C-326/15) and Aviva Towarzystwo (Case C 605/15). Read Full Story

TCJA Encourages Firms To Shift Profits Offshore, Says ITEP

by Mike Godfrey, Tax-News.com, Washington

Tuesday, June 12, 2018

Aspects of the tax reform legislation in the United States continue to provide an incentive for companies to shift profits offshore by providing more favorable tax treatment to foreign income than domestic profits, the Institute on Taxation and Economic Policy has said. Read Full Story