August 12, 2014 | having difficulty Viewing this email? view THE online version

Welcome to the Tax-News weekly newsletter carries topical headlines and features on international tax, legal, economics, business and investment issues.

Latest Tax-News Special Feature

Australian Budget Summary

BEPS Approaches Key Milestone

On July 3, 2014, New Zealand's Revenue Minister Todd McClay revealed that the OECD has agreed the final recommendations for the first set of actions to tackle base erosion and profit shifting (BEPS) by multinational enterprises, which are due to be finalised in September. So as the BEPS project approaches a crucial juncture...

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Latest Tax-News

Taxes Will Rise If Britain Shuts Door On Immigrants: Report

The National Institute Economic Review has said that if net migration to the UK were to fall by 50 percent over the next four decades, the effective labor income tax rate would need to rise by 2.2 percentage points.
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Scotland Mulls Undercutting UK Corporate Tax Rate

A three percent cut to Scotland's headline corporate tax rate, were it to become independent from the UK, could help resist the "gravitational pull of London" and create 27,000 jobs in Scotland, the Government claims.
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Tax Breaks Proposed For Latvian Sanction-Hit Companies

Latvia's Economy Minister, Vjaceslavs Dombrovskis, has proposed a 12-month tax break for businesses impacted by Russian sanctions.
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Switzerland Rejects VAT Cut For Hospitality Industry

After years of industry lobbying, Eveline Widmer-Schlumpf, the head of the Swiss Federal Department of Finance, has explained why the Government has rejected calls for a value-added tax cut for the hospitality industry.
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