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Latest Tax News


South Korea Introduces Buffett Tax

With support from both ruling and opposition parties, South Korea's National Assembly has approved the introduction of a 'Buffett Tax' on the country's wealthiest taxpayers.
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Flaherty Highlights 2012 Canadian Tax Reliefs

Jim Flaherty, Canadian Finance Minister, in a speech on December 29, 2011, highlighted tax reliefs coming into effect in 2012.
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Poland To Soften New Mining Levy

The Polish Treasury and Finance Ministry has announced that the rate of a proposed new Polish levy, targeted mainly at copper and silver extraction, has been significantly reduced. This follows over a month of industry criticism and share price volatility.
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EU Extends Preferential Tariffs For West Balkans

The European Union on December 30, 2011, confirmed its decision to extend exceptional autonomous trade preferences for all Western Balkan countries including Kosovo, until the end of 2015.
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Mercosur Announces Protectionist Import Duty Hikes

The South American trade bloc, Mercosur is to slap the maximum rate imposable, 35%, on the import of one hundred additional goods, likely on a temporary basis until December 2014, Brazil's Minister for Finance has announced.
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Antigua And Barbuda To Update Internet Infrastructure

The government of Caribbean territory Antigua and Barbuda has announced that the islands will be undertaking major upgrades to Internet infrastructure during 2012 as part of efforts to improve the territory's competitiveness.
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