May 20, 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

Australian Budget Summary

Attempting to build on the Coalition's low-tax, pro-business agenda, Joe Hockey announced a company tax cut as part of his first Budget as Australian Treasurer. However, with the Government having found itself backed into a fiscal corner, this Budget 2014-15 was more about raising revenue and cutting costs than reducing tax...

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Latest Tax-News

France Confirms Personal Income Tax Cut Plans

Over three million low income households will benefit from a EUR1bn (USD1.37bn) cut to personal income tax this year, French Prime Minister Manuel Valls announced recently.
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Singapore Modifies Mergers and Acquisitions Tax Guide

The Inland Revenue Authority of Singapore has issued a revised e-Tax Guide setting out the details of Singapore's mergers and acquisitions allowance and stamp duty relief scheme, which was introduced in Budget 2010 and enhanced in Budget 2012.
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Scotland Drafting Own General Anti Avoidance Rule

In its Stage 1 Report on a new tax agency "Revenue Scotland" and the Tax Powers Bill published on May 2, 2014, the Scottish Finance Committee has welcomed proposals for a general anti-avoidance rule.
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APEC To Develop Roadmap Towards Asia-Pacific FTA

The meeting in Qingdao on May 17-18 of Asia Pacific Economic Cooperation trade ministers was led by China, as the organization's 2014 host, to agree to the finalization within this year of a roadmap towards the realization of the proposed Free Trade Area of the Asia-Pacific.
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