International Tax News US House Passes Mobile Workforce Tax Simplification Bill
The US House of Representatives has passed a bill that would stop individual states from imposing income taxes on business travelers who may be otherwise have to comply with tax obligations for undertaking economic activity for as little as one day in another state. Irish Opposition Concerned Over 'Vulnerable' CIT Base
Irish opposition party Fianna Fail has raised concerns over the concentration of corporation tax receipts among a small number of multinational groups. Switzerland Publishes Tax System Guidance
For the first time, the Swiss Government has published an English-language version of its tax regime guidebook, The Swiss Tax System. Hong Kong Gazettes Funds Tax Exemption Bill
Hong Kong has published legislation that would extend a profits tax exemption to privately offered open-ended fund companies (OFCs) based in Hong Kong. Turnbull Comments On South Australia's Bank Tax Plan
Australia's federal Prime Minister, Malcolm Turnbull, has questioned whether the introduction of a new bank levy in the state of South Australia will harm the state's competitiveness. Scottish Parliament Approves Air Departure Tax
Scottish Parliament has approved plans to replace the UK's Air Passenger Duty with a devolved Air Departure Tax. Australia Legislates For Wine Equalization Tax Rebate Reform
The Australian Government has introduced legislation to tighten the eligibility criteria for the wine equalization tax rebate. Iceland To Cut Top VAT Rate
Iceland is planning to lower its top rate of value-added tax to 22.5 percent from 24 percent from January 1, 2019, the International Monetary Fund has said. Colombia Announces Initiative To Tackle Tax Evaders
Colombia's tax authorities are to launch a compliance drive, to ensure that companies, and in particular those engaged in international trade, are registered to collect and pay taxes. Jersey Proposes Infrastructure Levy
Jersey is consulting on the introduction of a land development charge, to be called the Jersey Infrastructure Levy. EU Announces New Transparency Rules For Tax Advisors
The European Commission has proposed new transparency rules for intermediaries who design and promote tax planning schemes for their clients. Hong Kong To Automatically Exchange Tax Info With 75 States
Hong Kong has gazetted legislation to establish provisions to automatically exchange financial account information with other territories to support international tax collection efforts. 100 Nations Now Party To BEPS Inclusive Framework
Vietnam has joined the OECD's base erosion and profit shifting Inclusive Framework as its 100th member. Future UK Tax Policy Uncertain, As May Focuses On Brexit
In a statement following the Queen's Speech, UK Prime Minister Theresa May discussed her Government's agenda in relation to Brexit and fleetingly discussed tax policy. IRS Begins Reissuing PTINs Without Charge
The Internal Revenue Service has resumed issuing and renewing Preparer Tax Identification Numbers (PTINs) and is no longer charging associated fees. ATO Issues Warning On Incorrect Deductions
The Australian Taxation Office has said that it is using real-time data to crack down on incorrect claims for work-related expenses this tax time. Australian Bankers Criticize New Provincial Levy Plan
The Australian Bankers' Association has criticized the South Australian Government for proposing a new tax on the industry, days after a federal levy was passed by Parliament. Switzerland Consults On Customs Cooperation With US
The Swiss Federal Council has launched a consultation on a proposed administrative assistance agreement with the US that would promote greater customs cooperation. Another Australian State To Levy Foreign Buyers Tax
The South Australian Government has announced that it will introduce a conveyance duty surcharge on foreign buyers of residential property. Chile Boasts Rise In Voluntary Corporate Tax Compliance
Chile saw a three percent increase in voluntary tax filing compliance and an uptick in revenue collections from companies during this year's filing season, boosted by new initiatives to ease tax compliance. Ryan Hopeful US Tax Reform Is Possible This Year
In his first major speech on tax reform, Paul Ryan (R - WI) said he expects tax reform to be completed in 2017. Irish MEP: EU Unable To Estimate CCCTB Impact
Irish MEP Brian Hayes has said that the European Commission has been unable to provide a full country-by-country impact assessment of its common consolidated corporate tax base proposal. India's GST Approved By All But One State
The Indian Ministry of Finance announced on June 21 that just one Indian state, Jammu and Kashmir, still needs to approve the State Goods and Services Tax Act ahead of the nationwide roll-out of GST from July 1 Mexico Rules Out Its Own Response To US Tax Reform Plan
Mexico's Finance Secretary, Jose Antonio Meade, has said that the country is unlikely to change its tax code in response to "aggressive" US policies, including a potentially sharp reduction in the US corporation tax rate. Australia Delays Low-Value Goods GST Reform To 2018
The Australian Government will apply the 10 percent goods and services tax to low-value goods purchased from overseas sellers from July 1, 2018, a year later than originally planned. New Zealand To Report Significant Tax Debts To Credit Agencies
New Zealand's Inland Revenue has set the threshold for the disclosure of significant tax debts to approved credit reporting agencies at NZD150,000. Seychelles Encouraged To Hike Taxes On Tourism Services Firms
Seychelles has scope to further increase its tax revenue despite having a relatively high tax-to-GDP ratio, the International Monetary Fund has said. MEPs Call For Tougher Anti-Dumping Rules
MEPs have backed the European Commission's proposal to introduce tougher anti-dumping rules, but have suggested a number of amendments to the new rules for calculating import duties. Grenada Launches Stamp Tax Amnesty
Business owners in the Caribbean territory Grenada are being encouraged to take advantage of an annual stamp tax filing amnesty, which will run from June 1, 2017, to August 31, 2017. Australian Senate Passes Bank Levy
The Australian Government's major bank levy will enter into force on July 1, and is expected to raise around AUD6.2bn (USD4.7bn) in revenue over the next four years.
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