February 5, 2013 | Having difficulty viewing this email? View the online version

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Latest Tax News


Berlusconi Would Repay Tax On First Homes

Silvio Berlusconi has said that, if his center-right coalition is returned to power in the parliamentary election, not only will that part of the previous Monti government's local property tax payable on primary residences be cancelled, but taxpayers would also receive back the amount of tax they had paid in 2012.
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IRS Extends Hurricane Sandy Tax Relief

In the aftermath of Hurricane Sandy, the United States Internal Revenue Service has announced additional tax relief to affected individuals and businesses, postponing various tax filing and payment deadlines.
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Brazil Removes IOF Tax On REITS

The Brazilian government has introduced a 0% IOF rate (financial transactions tax) on share purchases in real-estate investment trusts.
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Shell India Denies Transfer Pricing Abuse

Royal Dutch Shell PLC's Indian unit has confirmed it is in discussions with India's tax authorities over accusations of tax evasion relating to the alleged under pricing of share transfers, claims the firm says are 'baseless.'
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Irish Tax Revenues Improve

Irish tax revenues leapt by an estimated 5.6% year-on-year last month, a figure the Finance Department says is broadly consistent with expectations.
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