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CFCs To Benefit From New UK Tax Regime

by Robert Lee, Tax-News.com, London

Thursday, December 8, 2011

A major overhaul of the UK's controlled foreign company rules has been welcomed by tax experts, who conclude that the proposed new regime will go a long way towards changing the negative perceptions of the UK's corporate tax regime among multinational businesses. Read Full Story

 


Tax Incentives Feature In Malaysia's 2012 Budget

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

Tuesday, October 11, 2011

In what is considered to be the last before he calls for elections, the Malaysian Prime Minister and Minister of Finance, Datuk Seri Najib Tun Abdul Razak, recently introduced a 2012 Budget that was full of tax breaks and incentives. Read Full Story

 


Reports Reject US Foreign Profits Tax Holiday

by Mike Godfrey, Tax-News.com, Washington

Friday, October 7, 2011

Two new studies, from both sides of the political spectrum, have denied that, if a tax break for United States companies repatriating profits from their overseas operations was to be re-instated, additional investment and jobs would be created in the American economy. Read Full Story

 


India To Open Eight Overseas Tax Units

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

Friday, March 18, 2011

The Indian Minister of State for Finance (Revenue) Shri S S Palanimanickam has announced that the government has made plans to launch eight new Income Tax Overseas Units in France, Germany, Netherlands, Cyprus, USA, UK, UAE and Japan in the next financial year. Read Full Story

 


Dunne Outlines NZ Tax Reforms

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

Thursday, March 17, 2011

Continuity and change was the theme of Peter Dunne’s speech to the International Fiscal Association Conference in Wellington last week. Read Full Story

 


Senate Kills Anti-Offshoring Bill

by Mike Godfrey, Tax-News.com, Washington

Thursday, September 30, 2010

A bill which proposed a payroll tax holiday to companies hiring American workers to replace those at a foreign-based operation whilst removing tax breaks from those companies moving operations abroad has been voted down by the Senate. Read Full Story

 


UK To Forge Ahead With Corporate Tax Reform

by Robert Lee, Tax-News.com, London

Wednesday, September 22, 2010

Mark Hoban, the Financial Secretary to the UK Treasury, confirmed in a speech on September 20 the government's desire to move the country towards a more territorial system of corporate taxation. Read Full Story

 


IOM Treasury Share Regulations Effective

by Jason Gorringe, Tax-News.com, London

Tuesday, May 11, 2010

The Isle of Man has introduced regulations to permit publicly traded companies to purchase and hold a maximum of 10% of their own shares in treasury, making publicly traded Isle of Man companies more competitive. Read Full Story

 


UK CFC Regime Must Not Burden Business

by Jason Gorringe, Tax-News.com, London

Wednesday, April 21, 2010

The Institute of Directors has urged the UK government to tread with care over how it implements new controlled foreign companies regime proposals, which, it warns, could have a major bearing on UK tax competitiveness. Read Full Story

 


ATO Loses BHP Tax Case

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

Monday, March 22, 2010

The Australian Taxation Office has lost its appeal in the Federal Court, in which it had been claimed that more than AUD2.1bn of bad debts write-offs arising from two loans made to related companies by BHP Billiton Finance, the BHP group’s finance company, could not be claimed as deductions against corporate income tax. Read Full Story

 

 

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