Latest Tax-News

IMF Calls For Slower US Short-Term Deficit Reduction

In the opinion of the International Monetary Fund, the current pace of reduction in the United States fiscal deficit is too rapid, and the spending sequester should be replaced by entitlement savings and new tax revenues at a later stage in the economic recovery.
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BC Carbon Tax Helps Cut Emissions

British Columbia's fuel consumption has fallen by 17.4 percent per capita since its carbon tax took effect in July, 2008.
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Australia, Switzerland Strengthen TIE Provisions

Changes to the Australia-Switzerland tax treaty will permit authorities to exchange taxpayer information and align their bilateral tax arrangements more closely with current Australian and international treaty policy settings.
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HMRC Criticized On Partnership Taxation Plans

Chartered Accountancy firm Baker Tilly has accused HM Revenue and Customs of "imputing a dominant tax avoidance motive where none exists" in relation to proposed changes to the taxation of business partnerships.
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