June 3, 2014 | having difficulty Viewing this email? view THE online version

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Tax-News.com carries topical headlines and features on international tax, legal, economics, business and investment issues.

Latest Tax-News Special Feature

Australian Budget Summary

Transfer Pricing: BEPS And New Documentation Requirements

Successive surveys of tax executives and senior finance professionals at multinational companies show that risks associated with transfer pricing have become the number one tax-related concern for businesses operating across several jurisdictions.

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Latest Tax-News

HMRC Tax Credit Errors Causing Debt Problems

Citizens Advice says that the number of people reporting falling into debt as a result of repaying overpaid tax credits increased by 14 percent in the 2013-14 tax year.
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Switzerland Tells UK Of Bank Deposit Movements

Swiss banks were required to hand over information about deposit movements to UK authorities by May 31, 2014, to support UK efforts to track down untaxed income.
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Bahamas Budget Waters Down Upcoming VAT

The Bahamas is to introduce a value-added tax regime with a 7.5 percent headline rate from January 1, 2015, according to the territory's latest Budget for 2014/15, released on May 28, 2014. As well as delaying implementation for three months until January 1, 2015, the rate is halved from earlier proposals for a 15 percent headline rate, and the regime will include fewer exemptions.
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UK Tribunal Rejects Retailer's Tax Claims

HM Revenue and Customs has welcomed the Upper Tribunal's rejection of a multi-million pound tax allowance claim by one of the UK's largest clothing retailers.
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