tax breaks

Even Small Business Owners Can Use These Tax Breaks

Two recent news clips caught my attention. One involved a company trying to avoid the IRS. The other involved the IRS trying to avoid trouble. Taken together, I can see how a small business owner might cynically ask if a small business has a fighting chance as far as taxes.

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tax breaks

Greece introduces cash incentives, tax breaks to address declining birthrate

Greece has one of Europe's lowest fertility rates, a dire demographic state driven by a decade-long economic crisis




tax breaks

Scrapping tax breaks for independent schools could create ‘two-tier charity sector’, lawyers warn

A working party of Charity Law Association members said the government plans risked ‘eroding a long-established principle that all charities have equal status under the law’.




tax breaks

Tax-News.com: Cyprus Announces More COVID-19 Tax Breaks

The Government of Cyprus has announced a number of new tax support measures for businesses, including a value-added tax rate cut for tourism accommodation providers and restaurants.




tax breaks

Tax-News.com: Cyprus Receives EU Approval For Angel Investor Tax Breaks

The European Commission has approved a Cypriot scheme involving the grant of tax breaks to private investors – both natural persons and corporate investors – who invest into early-stage, innovative SMEs.




tax breaks

Tax-News.com: EU Approves Italian COVID-19 Tax Breaks

The European Commission has approved under state aid rules four Italian tax schemes to support companies and self-employed workers affected by the coronavirus outbreak.




tax breaks

Tax-News.com: US IRS Sets Out Details Of COVID-19 Tax Breaks

On May 7, 2020, the United States Internal Revenue Service issued a reminder to employers affected by COVID-19 about the tax credits made available to them under the Coronavirus Aid, Relief, and Economic Security Act.




tax breaks

Tax-News.com: EU Investigates Belgian Video Games Tax Breaks

The European Commission has launched an in-depth investigation into a Belgian "tax shelter scheme" which supports video game production.




tax breaks

Tax-News.com: UK Announces Tax Breaks For Businesses In 2022 Budget

With the UK corporate tax rate set to rise 25 percent from April 2023, the UK Government has announced various tax proposals that are intended to support businesses and the UK economy, in the newly released 2022 Budget.




tax breaks

SEBI to take measure for F&O segment soon; calls for tax breaks on municipal bonds

The regulator will make a case for a tax break for municipal bonds during a meeting with the finance commission




tax breaks

Tax Authority reduces aliyah tax breaks


The Israeli Tax Authority (ITA) has found a controversial backdoor way of retroactively reducing the ten-year Israeli tax exemption for foreign income of olim (new immigrants) in the tenth year.




tax breaks

Tax-News.com: Luxembourg Publishes Guidance On New IP Tax Breaks

The Luxembourg direct tax administration has published a circular including comprehensive guidance for the recently introduced changes to the special tax regime for intellectual property income.




tax breaks

Tax-News.com: EC Scrutinizes Tax Breaks For Polish Shipyards

The European Commission has opened an in-depth investigation into a Polish tax scheme for shipyards, which it says could give shipbuilders an unfair competitive advantage over rivals.




tax breaks

Tax-News.com: Hong Kong Gazettes Tax Breaks For Ship Leasing

The Hong Kong Government has published in the Gazette legislation to provide profits tax concessions to certain ship lessors and ship leasing managers.




tax breaks

Tax-News.com: Malaysia Hints At Sector Tax Breaks In Upcoming Budget

Malaysia is to use targeted tax breaks to support certain industries in this year's budget and in particular small and medium sized businesses, according to a government minister.




tax breaks

Tax-News.com: British Columbia Announces Tax Breaks For Gas Investors

British Columbia is to offer a provincial sales tax exemption to a proposed new liquefied natural gas project.




tax breaks

Tax-News.com: Ukraine Mulling Tax Breaks For Intellectual Property Income

The Government of Ukraine has announced plans to introduce a special tax regime for certain intellectual property income.




tax breaks

Tax-News.com: Malta Launches Tax Breaks For Pension Contributions

Malta's Minister for Finance, Edward Scicluna, recently announced the launch of a number of fiscal incentives, which are intended to boost the take-up of voluntary private pensions.




tax breaks

Tax-News.com: Hong Kong Tables Bill For Research And Development Tax Breaks

The Hong Kong Government has released a draft bill containing its 2017 proposal to provide an enhanced tax deduction for research and development expenditure.




tax breaks

Tax-News.com: Hong Kong's Parliament Endorses Improved R And D Tax Breaks

Hong Kong's Legislative Council has passed legislation to improve the jurisdiction's tax incentives for research and development spending.




tax breaks

Tax-News.com: Hong Kong Gazettes Tax Breaks For Ship Leasing

The Hong Kong Government has published in the Gazette legislation to provide profits tax concessions to certain ship lessors and ship leasing managers.




tax breaks

Tax-News.com: UK Should Keep A Closer Eye On Tax Breaks: NAO Report

The UK's National Audit Office has called for a more comprehensive review of the 1,190 tax relief measures available for taxpayers, which are estimated to have cost the UK revenues worth GBP155bn (USD201.7bn) in 2018-19.




tax breaks

Autumn Statement: Osborne launches raid on pensions tax breaks for the wealthy in bid to woo middle class 'strivers'

The tax-free allowance for pensions will be cut from £1.5million to £1.25million over a lifetime and from £50,000 to £40,000 annually - raising an extra £1billion.




tax breaks

Call for Osborne to offer tax breaks for the self-employed in Autumn Statement

Call for a freelancer limited company structure to be set up within the tax system and for training for a new career to be tax deductable.




tax breaks

Power sector does not need 'crutches' of tax breaks: Goyal

Minister says UDAY scheme will itself help save Rs 1.8 lakh crore annually within next three years