Tax-News.com: International Tax News
Tax-News.com: South African Budget Lines Up Tax Hikes
South Africa's 2017-18 Budget, announced by Minister of Finance Pravin Gordhan on February 22, has had to resort to tax hikes, particularly on the wealthy, in order to stabilize the country's fiscal position.
Tax-News.com: US Tax Reform Only After Obamacare Repeal: Trump
US President Donald Trump has pointed out that legislation to repeal the Affordable Care Act and its taxes will need to be passed in the US Congress before a tax reform bill can be presented.
Tax-News.com: EU Concerned By Ireland's Narrow Tax Base
The European Commission has expressed concerns about Ireland's narrow tax base and its reliance on corporate tax receipts.
Tax-News.com: Philippines Hopes To Have Overhauled Tax Code By 2018
The Filipino Government is optimistic that it can overhaul the Philippines' tax regime by 2018 through a two-step approach.
Tax-News.com: Czech Ruling Party Proposes Progressive Taxes
Czech Prime Minister Bohuslav Sobotka has announced plans for more progressive corporate and personal income taxes if his party wins this year's parliamentary elections.
Tax-News.com: Macron Sets Out Tax Policies For France
Emmanuel Macron has said that if elected President of France he will cut corporate tax beyond reductions already planned by the current Socialist Government and reform France's wealth tax.
Tax-News.com: IRS Makes Charity Information Available Online
The US Internal Revenue Service has for the first time placed information online from applications from charities for tax-exempt status.
Tax-News.com: USITC Stops Dispute Over Imported Chinese Tires
On February 22, the US International Trade Commission decided that the US industry is not being materially injured, or threatened with material injury, by reason of imports of truck and bus tires from China.
Tax-News.com: Lobby Groups Seek Rational UK Alcohol Tax Regime
The UK Chancellor is coming under pressure to use the upcoming Budget to hike duty on cheap, high strength alcohol.
Tax-News.com: Hong Kong Confirms Tax Breaks For Electronic Vehicles
On February 22, Hong Kong's Environment Bureau announced the details of the first registration tax concessions for different classes of electric vehicles for the period from April 1, 2017, to March 31, 2018.
Tax-News.com: Hong Kong's Budget Provides Tax Relief
Hong Kong's Financial Secretary, Paul Chan, has announced measures to boost the territory's economy in his 2017-2018 Budget.
Tax-News.com: Switzerland To Draw Up New Corporate Tax Plan
The Swiss Federal Council has asked the Finance Department to draw up new proposals for corporation tax reform by mid-2017 at the latest, following its recent referendum defeat.
Tax-News.com: More Criticism Of Proposed US Border Adjustment Tax
Americans for Affordable Products, a business coalition that opposes the proposed border adjustment tax, has responded to the February 21 letter to leading US lawmakers from the American Made Coalition supporting border adjustability.
Tax-News.com: China 'Would Respond' To Any US Border Tax
At a press briefing on February 21, China's Minister of Commerce, Gao Hucheng, indicated that his country would react were the US to impose a border adjustment tax.
Tax-News.com: Macao Urged To Hike Individual Taxes
Macao may need to significantly reduce its already low income tax rates to attract foreign investors and professionals as revenues from its gaming industry fall, the International Monetary Fund (IMF) has said.
Tax-News.com: Noonan Provides Update On Irish Voluntary Disclosures
Irish Finance Minister Michael Noonan has confirmed that 13 voluntary disclosures relating to offshore matters have been made since the Budget announcement that the regime would change from May 2017.
Tax-News.com: Laos Must Broaden Tax Base, Strengthen Administration: IMF
Laos should increase its revenues by broadening the tax base, reducing exemptions, and strengthening tax administration, the International Monetary Fund said in its Article IV Report for the country.
Tax-News.com: Australian Tax Agency Explains Spouse Tax Offset Change
The Australian Taxation Office has issued guidance on changes to the spouse tax offset that will enter into force on July 1.
Tax-News.com: UAE Signs Double Taxation Agreement With Burundi
The UAE and Burundi have signed two agreements to avoid double taxation and promote investments between the countries.
Tax-News.com: Scottish Parliament Agrees New Income Tax Settings
Scottish lawmakers have approved plans for the structure of the nation's new individual income tax regime, following the tax devolution agreement with the UK.
Tax-News.com: EU Reaches Agreement On Tackling Hybrid Mismatches
On February 21, 2017, the European Council reached a compromise on a new Directive aimed at closing down hybrid mismatches between EU tax systems and those of non-EU countries.
Tax-News.com: BCA Opposes Changes To Aus Petroleum Resource Rent Tax
In its submission to the Petroleum Resource Rent Tax review, the Business Council of Australia has said that the Government should not pursue changes to the regime unless there are clear benefits from doing so.
Tax-News.com: Northern Irish Gov't Mulling 10 Percent CIT Rate
Arlene Foster, Northern Ireland's First Minister, has said her Democratic Unionist Party – the territory's largest political party – would support a cut in the corporate income tax rate to 10 percent if her government is reelected.
Tax-News.com: Italy Looking For Avenues To Increase Tax Revenues
It still remains uncertain as to how Italy's additional 2017 fiscal adjustment required by the European Commission will be funded, but a major part could involve cuts to individual income tax deductions.
Tax-News.com: Saudi Cabinet Approves GCC Selective Tax
Saudi Arabia's Cabinet has approved the introduction of the "selective tax" that is being rolled out across the Gulf Cooperation Council member countries.
Tax-News.com: British Columbia Reforms PST, Corporate Tax Rates
British Columbia is to phase out the provincial sales tax on electricity and reduce the small business tax rate.
Tax-News.com: French Left Candidate Proposes 90 Percent Tax
Jean-Luc Melenchon, a left-wing candidate in the French presidential race, has proposed a 90 percent rate of tax on high incomes as part of a EUR273bn (USD290bn) fiscal program designed to boost the French economy.
Tax-News.com: New Zealand Clarifies Tax Rules For Professional Services
New Zealand's Inland Revenue Department has issued guidance on when income from professional services is derived for tax accounting purposes.
Tax-News.com: Ireland Heavily Reliant On MNE Corporate Tax Payments: Review
As part of a review of corporate tax policy, the Irish Finance Ministry has said reliance on tax revenues from foreign-owned multinationals is contributing "to the volatility and unpredictability of corporate tax receipts."
Tax-News.com: ECJ Publishes Apple's State Aid Appeal
Apple has claimed that the European Commission erred in its interpretation of Irish law and violated the principle of legal certainty in ordering the recovery of alleged illegal state aid granted to Apple.
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