July 15, 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

Austerity EU

The recent revelation that Banco Espírito Santo, one of Portugal's largest banks, has hit trouble, sent shockwaves through the financial markets and reminded us all that the eurozone crisis, as a result of which taxpayers across Europe have paid a heavy price for governments' profligacy and bankers' folly, is far from over...

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Latest Tax-News

Chambers Ireland Sets Out Budget Wish List

Chambers Ireland has called on the Government to capitalize on the economic recovery and implement a series of tax reforms to stimulate further growth and support job creation.
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EU Reinvesting Carbon Tax Revenues To Innovate

The European Commission has confirmed that it is to deploy tax revenues collected under its Emissions Trading System to a total of 19 projects to support the EU's environmental goals, in fulfillment of its pledge to ensure that the EU-wide tax is entirely devoted to achieving the EU's environmental goals.
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Ontario Budget Hikes Tax On Top Earners

Ontario Finance Minister Charles Sousa has announced plans to hike the provincial personal income tax for the top two percent of earners, as part of his 2014 Budget package.
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Full US Adoption of IASB Becoming Less Likely: Fitch

Full adoption by the United States of International Financial Reporting Standards appears unlikely to occur in the intermediate term as the major accounting standard setters continue to move away from full convergence of their standards, according to a Fitch Ratings report.
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Taiwan Books Record First Half Tax Revenues

Taiwan's Ministry of Finance has disclosed that revenue reached a record level after growing at an annual rate of 5.5 percent during the first six months of the year, reaching TWD1.09 trillion (USD36.4bn).
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