May 29, 2012 | having difficulty Viewing this email? view THE online version

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Latest Tax News


GBP5bn At Stake As UK Supreme Court Backs Taxpayer

The UK's Supreme Court has come down on the side of the taxpayer in a long running dispute over the right to recover wrongly paid tax, but the referral of the case to the European Court of Justice has led KPMG to warn that a conclusive victory remains elusive.
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UK Pasty Tax Plans Binned

The UK government has performed a u-turn on one of its more controversial Budget measures, the unpopular 'pasty tax', announcing that the planned introduction of value-added tax on hot baked goods will no longer go ahead.
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Ireland Consults On Film Tax Reliefs

The Irish government has begun a consultation on the future of its film tax relief after the scheme ends in 2015 with the aim of delivering an impact assessment of any potential changes.
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Philippines Parliament Approves Removal Of Airline Taxes

The Philippines House of Representatives has approved, at a third and final reading, a bill which seeks to 'rationalize' the taxes on international air carriers, to boost tourism and enable the country to honour tax exemptions under tax treaties and other international agreements.
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Italian Parliament To Propose Electric Car Incentive

The Transport Committee of the Italian Chamber of Deputies has approved a bill to provide a tax incentive of up to EUR5,000 (USD6,300) for those buying an electric car during three years, starting next year.
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