news Tax-News.com: TPP Nations Agree To Continue Without US By www.tax-news.com Published On :: Mon, 22 May 2017 00:00:00 GMT The remaining eleven signatories to the Trans Pacific Partnership pact have agreed to seek an accord without the United States. Full Article
news Tax-News.com: China To Probe Dumping Of Styrene by US, Korea, Taiwan By www.tax-news.com Published On :: Tue, 4 Jul 2017 00:00:00 GMT China has made a number of announcements on anti-dumping duty orders, including to launch an investigation into US, Korean, and Taiwanese exports of styrene, which is used to manufacture plastics and resins. Full Article
news Tax-News.com: Malaysia To Introduce Tourism Tax By www.tax-news.com Published On :: Wed, 12 Jul 2017 00:00:00 GMT Malaysia's controversial tourism tax looks set to be introduced on August 1, according to reports. Full Article
news Tax-News.com: TPP11 Explore Plan B Agreement In Japan By www.tax-news.com Published On :: Thu, 13 Jul 2017 00:00:00 GMT Following agreement reached by the remaining signatories to the Trans-Pacific Partnership earlier this year to push ahead following US President Donald Trump's withdrawal of the United States from the pact, Japan has taken the lead with regard to formulating a plan B for the agreement. Full Article
news Tax-News.com: European Free Trade Association Sets Out 2017 Priorities By www.tax-news.com Published On :: Wed, 19 Jul 2017 00:00:00 GMT The European Free Trade Association, which comprises Liechtenstein, Iceland, Switzerland, and Norway, intends to take forward free trade negotiations with India, Indonesia, Malaysia, Vietnam, and Ecuador this year. Full Article
news Tax-News.com: Malaysia Looking At Modernizing Road Tax By www.tax-news.com Published On :: Thu, 20 Jul 2017 00:00:00 GMT Malaysian Transport Minister Liow Tiong Lai revealed on July 19 that the Government is considering introducing a more modern, innovative way of levying road tax. Full Article
news Tax-News.com: Malaysia Hints At Sector Tax Breaks In Upcoming Budget By www.tax-news.com Published On :: Tue, 25 Jul 2017 00:00:00 GMT 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. Full Article
news Tax-News.com: Malaysia Announces Palm Oil Export Tax Rate For Sept By www.tax-news.com Published On :: Wed, 16 Aug 2017 00:00:00 GMT Malaysia has decided to keep the crude palm oil export duty at 5.5 percent next month, despite higher Indian taxes on imports, which are expected to dent demand. Full Article
news Tax-News.com: Malaysian Taxpayers Seek 'Fairer' Tax System By www.tax-news.com Published On :: Fri, 8 Sep 2017 00:00:00 GMT The Consumers Association of Penang (CAP) has called on the Malaysian Government to reintroduce inheritance tax in the Budget 2018. Full Article
news Tax-News.com: Canada Agrees To Exploratory ASEAN Trade Talks By www.tax-news.com Published On :: Mon, 11 Sep 2017 00:00:00 GMT Canada and representatives from the ASEAN member states have agreed to launch exploratory discussions to determine the potential for a free trade agreement. Full Article
news Tax-News.com: CRA Provides Update On Tax Avoidance Crackdown By www.tax-news.com Published On :: Tue, 12 Sep 2017 00:00:00 GMT Canada's Revenue Minister has provided an update on the progress made by the Government in addressing tax evasion and aggressive tax avoidance. Full Article
news Tax-News.com: Hong Kong, ASEAN Conclude Free Trade Talks By www.tax-news.com Published On :: Thu, 14 Sep 2017 00:00:00 GMT Hong Kong has announced the conclusion of free trade agreement negotiations with the Association of South East Asian Nations. Full Article
news Tax-News.com: Malaysia To Legislate To Slap GST On Foreign Retailers By www.tax-news.com Published On :: Thu, 21 Sep 2017 00:00:00 GMT Malaysian authorities are developing draft legislation to level the tax playing field between online retailers and domestic bricks and mortar retailers. Full Article
news Tax-News.com: Malaysian Tax Agency Says Audits Not Politically Motivated By www.tax-news.com Published On :: Wed, 27 Sep 2017 00:00:00 GMT Malaysia's Inland Revenue Board has denied allegations that it is more aggressively pursuing taxpayers affiliated with opposition political parties or their supporters. Full Article
news Tax-News.com: Malaysia's 2018 Budget Includes Various Tax Relief Changes By www.tax-news.com Published On :: Fri, 3 Nov 2017 00:00:00 GMT The Malaysian Government in its Budget 2018 announced numerous tax changes, including an income tax cut, incentives for women to return to work, and tax relief for property investors and venture capital firms. Full Article
news Tax-News.com: Labuan Urged To Adapt To BEPS By Removing Harmful Tax Offerings By www.tax-news.com Published On :: Wed, 8 Nov 2017 00:00:00 GMT Muhammad bin Ibrahim, the Governor of the Central Bank of Malaysia, has stressed the need for Labuan to review its international tax framework in light of the OECD's work on Action 5 of the base erosion and profit shifting project, on harmful tax practices. Full Article
news Tax-News.com: Australia Seeking To Expand FTA Network By www.tax-news.com Published On :: Fri, 24 Nov 2017 00:00:00 GMT The Australian Government has said that it intends to extend its network of free trade agreements, as part of its new foreign policy agenda. Full Article
news Tax-News.com: Malaysia PM Defends Introduction Of GST By www.tax-news.com Published On :: Mon, 27 Nov 2017 00:00:00 GMT Prime Minister Najib Razak has defended the Government's decision to introduce a goods and services tax, claiming that the levy "saved" Malaysia from the fall in oil prices. Full Article
news Tax-News.com: Malaysia Issues GST Guidance On Gifts By www.tax-news.com Published On :: Fri, 15 Dec 2017 00:00:00 GMT The Malaysian tax agency on December 1 released guidance on whether gifts provided for no consideration can be excluded from the goods and services tax net. Full Article
news Tax-News.com: Malaysia Updates Mutual Agreement Procedure Guidelines By www.tax-news.com Published On :: Fri, 12 Jan 2018 00:00:00 GMT Malaysia's Inland Revenue Board on January 11, 2018, released guidelines on applying for the resolution of double tax cases through the Mutual Agreement Procedure. Full Article
news Tax-News.com: Malaysia Issues GST Guidance On Mixed-Use Buildings By www.tax-news.com Published On :: Wed, 17 Jan 2018 00:00:00 GMT Malaysia's tax agency has released Public Ruling No. 1/2018, setting out the goods and services tax rules concerning the sale of buildings on commercial land that are used for both residential and commercial purposes. Full Article
news Tax-News.com: Malaysian Firms Can Challenge Late GST Penalties Online By www.tax-news.com Published On :: Wed, 28 Mar 2018 00:00:00 GMT On March 26, 2018, Malaysia's tax agency announced that businesses can newly challenge late-payment penalties in respect of goods and services tax (GST) via the tax agency's online portal. Full Article
news Tax-News.com: Malaysia To Phase Out 'Harmful' Tax Regime By www.tax-news.com Published On :: Tue, 7 Aug 2018 00:00:00 GMT Malaysia has suspended its MSC Malaysia tax regime, pending changes to bring it into line with recommendations from the OECD's Base Erosion and Profit Shifting initiative. Full Article
news Tax-News.com: Malaysia Explains New Cap On Interest Expense Deductions By www.tax-news.com Published On :: Tue, 16 Jul 2019 00:00:00 GMT The Inland Revenue Board of Malaysia has released new guidance on restrictions to the deductibility of interest expenses. Full Article
news Tax-News.com: IMF Urges US To Hike Indirect Taxes By www.tax-news.com Published On :: Fri, 6 Jul 2018 00:00:00 GMT The International Monetary Fund has recommended that the United States raise indirect taxes to boost revenues, to offset the cost of recent tax cuts and spending increases. Full Article
news Tax-News.com: Finnish Government Reaches 2019 Budget Agreement By www.tax-news.com Published On :: Tue, 4 Sep 2018 00:00:00 GMT A number of incentives have been included in the Finnish Government's 2019 Budget to encourage investment in the shares of both small and listed companies. Full Article
news Tax-News.com: OECD Releases Mining Sector BEPS Guidance For Developing States By www.tax-news.com Published On :: Fri, 26 Oct 2018 00:00:00 GMT The OECD and the Intergovernmental Forum on Mining, Minerals, Metals, and Sustainable Development have finalized three practice notes intended to support resource-rich developing countries to protect their tax bases from erosion and profit shifting. Full Article
news Tax-News.com: FASB Issues New Accounting Rules For Audiovisual Content Producers By www.tax-news.com Published On :: Thu, 14 Mar 2019 00:00:00 GMT On March 6, 2019, the Financial Accounting Standards Board issued an Accounting Standards Update that is intended to help organizations align their accounting for production costs for films and episodic content produced for television and streaming services. Full Article
news Tax-News.com: France May Cut Tax In Response To Protests By www.tax-news.com Published On :: Mon, 15 Apr 2019 00:00:00 GMT French Prime Minister Edouard Philippe has said that France should prioritize tax cuts following the conclusion of a three-month national consultation on the Government's economic and tax policies. Full Article
news Tax-News.com: France To Flesh Out Tax Cut Plans In June By www.tax-news.com Published On :: Fri, 10 May 2019 00:00:00 GMT French Prime Minister Edouard Philippe announced on April 30, 2019, that plans for reductions in personal and corporate income tax will be released by the Government in June 2019. Full Article
news Tax-News.com: IMF Advises Luxembourg On Coping With International Tax Changes By www.tax-news.com Published On :: Fri, 31 May 2019 00:00:00 GMT The IMF has welcomed Luxembourg's efforts to meet international tax standards but cautioned that international tax reform could hit the country's tax base. Full Article
news Tax-News.com: South African Carbon Tax Introduced On June 1 By www.tax-news.com Published On :: Wed, 5 Jun 2019 00:00:00 GMT On May 26, 2019, South African President Cyril Ramaphosa signed into law the Carbon Tax Act No 15 of 2019, which came into effect on June 1, 2019, as announced by the Minister of Finance in the 2019 Budget. Full Article
news Tax-News.com: Hungary Announces Tax Cut Plan By www.tax-news.com Published On :: Wed, 5 Jun 2019 00:00:00 GMT On May 31, 2019, the Hungarian Ministry of Finance announced numerous tax cuts as part of an economic growth plan. Full Article
news Tax-News.com: Hungarian Lawmakers To Decide On Tax Cuts Plan By www.tax-news.com Published On :: Fri, 5 Jul 2019 00:00:00 GMT Hungary's 2020 Budget law is before parliament for approval. Most tax-related proposals would become effective from the start of 2020. Full Article
news Tax-News.com: US Senators Urge 'Fairness' Change To Capital Gains Tax Calculations By www.tax-news.com Published On :: Thu, 8 Aug 2019 00:00:00 GMT A group of 21 Republican members of the US Senate have signed a letter to the Treasury Secretary urging him to amend how capital gains tax liability is calculated. Full Article
news Tax-News.com: President Trump Considering New Tax Cuts By www.tax-news.com Published On :: Thu, 22 Aug 2019 00:00:00 GMT United States President Donald Trump said on August 20, 2019, that the administration is considering additional tax cuts to help maintain economic growth. Full Article
news Tax-News.com: German Government Submits 2020 Budget By www.tax-news.com Published On :: Fri, 13 Sep 2019 00:00:00 GMT On September 10, 2019, German Finance Minister Olaf Scholz presented to the lower house of parliament, the Bundestag, the Government's draft Budget for 2020, which includes tax reduction measures. Full Article
news Tax-News.com: Netherlands Planning Slower But Deeper Corporate Tax Cut By www.tax-news.com Published On :: Fri, 20 Sep 2019 00:00:00 GMT On September 17, 2019, Dutch State Secretary for Finance Menno Snel presented the Government's 2020 Tax Plan to the House of Representatives. It includes revised plans for corporate tax cuts. Full Article
news Tax-News.com: Finnish Budget For 2020 Agreed By www.tax-news.com Published On :: Fri, 27 Sep 2019 00:00:00 GMT On September 17, 2019, the Finnish Ministry of Finance announced that the Government has reached an agreement on the contents of the 2020 Budget, which includes some tax reductions for both companies and individuals. Full Article
news Tax-News.com: Poland Adopts 2020 Budget By www.tax-news.com Published On :: Fri, 27 Sep 2019 00:00:00 GMT On September 24, 2019, the Polish Government adopted the draft Budget for 2020, which takes into account recent reductions in personal income tax. Full Article
news Tax-News.com: Greek 2020 Budget Submitted By www.tax-news.com Published On :: Fri, 11 Oct 2019 00:00:00 GMT On October 7, 2019, the Greek Ministry of Finance presented to parliament the 2020 Budget, which includes numerous tax cut measures announced recently by Prime Minister Kyriakos Mitsotakis. Full Article
news Tax-News.com: Hungarian Government Submits Tax Bill By www.tax-news.com Published On :: Fri, 15 Nov 2019 00:00:00 GMT On November 12, 2019, Hungary's Ministry of Finance announced that it has submitted to parliament the seventh and final part of its Economic Action Plan, which includes various tax measures. Full Article
news Tax-News.com: South Africa Enacts 2019 Tax Bills By www.tax-news.com Published On :: Mon, 27 Jan 2020 00:00:00 GMT On January 15, 2020, three tax bills were made law to give effect to measures announced in South Africa's 2019 Budget. Full Article
news Tax-News.com: Switzerland Reports Bumper Tax Receipts For 2019 By www.tax-news.com Published On :: Tue, 3 Mar 2020 00:00:00 GMT Higher tax receipts helped Switzerland to another surplus in 2019, with withholding tax and direct federal tax performing particularly well. Full Article
news Tax-News.com: IMF Proposes Reforms For Belgium By www.tax-news.com Published On :: Tue, 3 Mar 2020 00:00:00 GMT Belgium should look to broaden its tax base to fund labor tax reductions, the International Monetary Fund has said in its annual report for the country. Full Article
news Tax-News.com: Austria Urged To Lower Labor Tax Burden By www.tax-news.com Published On :: Tue, 17 Mar 2020 00:00:00 GMT The IMF has welcomed the Austrian Government's efforts to lower personal income taxes but said that the labor tax burden remains high. Full Article
news Tax-News.com: DeFazio Tables US Anti-Profit Shifting Bill By www.tax-news.com Published On :: Thu, 14 Jun 2018 00:00:00 GMT US congressman Peter DeFazio (D-OR) has introduced legislation designed to amend the Tax Cuts and Jobs Act so that incentives for US corporations to shift income and production overseas are reduced. Full Article
news Tax-News.com: Australian Tax Changes Effective From July 1 By www.tax-news.com Published On :: Fri, 6 Jul 2018 00:00:00 GMT The Australian Government has set out the numerous changes made to the tax system on July 1 and launched a consultation on new tax rules for "stapled structures." Full Article
news Tax-News.com: BEPS Project Has Triggered Near-Global Tax Reform: OECD By www.tax-news.com Published On :: Thu, 26 Jul 2018 00:00:00 GMT The OECD has committed to providing proposals to fix the taxation of the digital economy by 2020, in an update to G20 leaders on international efforts to mitigate base erosion and profit shifting (BEPS). Full Article
news Tax-News.com: Ireland Implements New Exit Tax Regime By www.tax-news.com Published On :: Fri, 19 Oct 2018 00:00:00 GMT Ireland's 2018 Finance Bill legislates for a new exit tax regime compliant with the EU's Anti-Tax Avoidance Directive. Full Article