JANUARY 4, 2016 | 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

2015: A Watershed Year in Corporate Tax?

Multinational companies have enjoyed a sustained period of falling corporate tax rates around the world. However, with the conclusion of the OECD's base erosion and profit shifting project earlier this year marking the start of fundamental changes to the international tax system, and with governments more determined than ever to crack down on aggressive tax avoidance, could 2015 turn out to be the year when corporate tax bills began to rise once more...

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Latest Tax-News

China Provides Private Health Insurance Tax Relief

On December 30, China's State Administration of Taxation confirmed that 31 cities in China, including Beijing and Shanghai, will participate in an extended pilot program to allow individuals an income tax deduction for purchasing private health insurance.
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UK Airport Shops Come Under Fire For VAT Affairs

The UK Government has said it has launched a review into airport sales to make sure VAT savings are being passed on to shoppers.
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Hong Kong Issues Tax Guide On Amalgamations

The Inland Revenue Department has clarified the profits tax consequences of the "court-free amalgamations" now available under Hong Kong's Companies Ordinance.
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Sri Lankan Tax Reforms Effective

Numerous changes to Sri Lanka's value-added tax and National Building Tax regimes took effect on January 1.
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