APRIL 9, 2013 | having difficulty Viewing this email? view THE online version

Welcome to the Tax-News weekly newsletter,

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

Latest Tax-News Special Feature

VAT Review: The End of Reduced Rates in the EU?

This feature highlights the European Commission's ongoing attacks against the way European Union (EU) Member States are applying reduced rates of value-added tax (VAT) to certain goods and services as it battles to simplify the European VAT system.

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Latest Tax-News

European Repo Representatives Call For FTT Exemptions

The repo market is likely to experience a severe contraction if the European Commission fails to exclude it from the proposed financial transactions tax, the International Capital Markets Association has claimed.
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HMRC Clarifies Scottish Income Tax Changes

The UK tax authority, HM Revenue and Customs has released new guidance on the implications of the Scotland Act 2012, which will allow the Scottish Government - for the first time in 300 years - to set its own rate of income tax.
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Guernsey Launches Personal Income Tax Review

The Guernsey Government has launched a new consultation paper to kick start a two-year review of personal taxes, pensions and benefits in Guernsey.
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Malaysia, Indonesia Receive Tax Information From Singapore

Following recent media allegations that Singapore has withheld tax information, particularly from Malaysia, Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam has insisted, in his reply to a parliamentary question, that the city has cooperated fully with Malaysia and Indonesia when requested for such information.
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