APRIL 24, 2012 | 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


Tax-News.com VAT Review

With governments increasingly coming to rely on revenue from indirect taxation, managing value-added and sales tax exposure has rapidly become one of the most important tax issues facing companies doing business in several jurisdictions, alongside transfer pricing.


Many studies have shown that indirect tax rates have been on rise since before the financial crisis indicating a general shift away from direct taxation on income and towards the taxation of consumption. However, there is no doubt that the pace of consumption tax rate increases has accelerated in the past three or four years with government finances increasingly under strain.


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Latest Tax News


Swiss Parliament Adopts Tax Deal With Austria

Switzerland's Federal Council has recently adopted the text of the withholding tax agreement with Austria.
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Italy Has No Plans For Wealth Tax

In his testimony to the Italian Chamber of Deputies' economic and finance committee, the Deputy Economy Minister Vittorio Grilli confirmed that the government has no plans to introduce a wealth tax, or any other new taxation, in a further budget.
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Germany Sees Record Q1 Tax Revenues

German tax revenues reportedly soared to record heights in the first quarter of this year, despite a sluggish economy over the winter months.
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Ireland Launches Stability Treaty Campaign

The Irish government has launched a public information campaign in the run up to next month's referendum on the latest deal designed to shore up the European Union's finances.
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Canadian Budget Tax Legislation Tabled

Canada's Finance Minister Jim Flaherty has tabled legislation which will implement certain tax provisions of his 2012 Budget, including reforms to tax shelters and minor changes to the sales tax system.
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Providing essential tax news and information on business for contractors, entrepreneurs, professionals, small businesses, artists, sportspersons and entertainers.


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