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Tax-News.com: Democrats Introduce US Anti-Offshoring Bills

Three Democratic members of the United States Senate have introduced two tax bills designed to discourage US companies from shifting their operations overseas and establishing arrangements in low-tax jurisdictions.




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Tax-News.com: New Zealand Tweaking GST Rule Changes For Offshore Suppliers

New Zealand's Finance and Expenditure Committee has recommended changes to legislation that would introduce a new requirement for offshore suppliers to collect GST on low-value goods supplied to New Zealand-based consumers.




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Tax-News.com: OECD Fleshes Out Int'l Tax Reform Plans During BEPS Webcast

During a webcast on June 11, the OECD provided a technical update on its work to develop new, modernized international tax rules for the digitalized economy.




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Tax-News.com: New Zealand To Better Track Taxpayers' Property Transactions

New Zealand's Inland Revenue has announced that those who buy and sell property will be required to provide their IRD number on land transfer documentation, to improve the agency's ability to enforce the tax rules on property speculation.




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Tax-News.com: IRS's New Enforcement Initiatives Are Aimed At Individuals

On July 19, 2019, the United States Internal Revenue Service Large Business and International Division announced six additional compliance campaigns.




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Tax-News.com: LLB-Switzerland Signs US Non-Prosecution Agreement

On August 5, 2019, the US Department of Justice announced that Swiss bank LLB Verwaltung (Switzerland) AG has agreed to pay a penalty of USD10.6m to resolve a case in which it was accused of helping US clients to conceal income.




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Tax-News.com: Deadlines For Colombian Tax Amnesties This Month

Two deadlines are approaching in Colombia for taxpayers wishing to take part in ongoing tax amnesties.




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Tax-News.com: Ecuador, Serbia Ratify OECD's Multilateral Tax Cooperation Pact

The OECD on September 2, 2019, announced that Ecuador and Serbia have ratified the multilateral Convention on Mutual Administrative Assistance in Tax Matters.




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Tax-News.com: Overseas Suppliers To NZ Urged To Register For GST

New Zealand's tax agency has urged overseas businesses who sell goods valued at NZD1,000 (USD629) or less to register for GST ahead of the December 1, 2019, deadline.




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Tax-News.com: New Zealand To Remove Low-Value Consignment Relief

New Zealand is to introduce GST on low-value goods sold by overseas retailers from December 1, 2019.




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Knox Bought G-string and Sollecito Fantasized Hot Sex - Day After Meredith was Killed

The day after British student Meredith Kercher was killed, her housemate Amanda Knox and the latter's Italian boyfriendRaffaele Sollecitowere spotted




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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.




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Tax-News.com: Australia 'Exempt From US Metal Tariffs'

The Australian Government has secured an exemption from new US metal tariffs, Trade Minister Steven Ciobo has said.




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Tax-News.com: Canadian Business Confidence Knocked By US Tax Changes

The Bank of Canada has published the findings of its latest business outlook survey, which shows some concern among firms over the impact of US trade and tax policies.




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Tax-News.com: Canada 'Will Not Hit Climate Change Targets'

Canada's auditors general have published a collaborative report on the country's response to climate change, which raises concerns about the success of the action taken by governments.




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Tax-News.com: Canada Urged To Introduce Digital Tax Nexus Rules

The Canadian Parliament's international trade committee has recommended that the federal Government tax products supplied to Canadian consumers by online platforms.




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Tax-News.com: Canada, Israeli Sign FTA

Canada and Israel have signed a modernized free trade agreement.




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Tax-News.com: Canada Told To Sharpen Corporate Tax Competitiveness

The IMF has said that the recent changes to the US tax system could make Canada a less attractive destination for investment.




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Tax-News.com: G7 Committed To Digital Tax Consensus

G7 countries are committed to working towards a consensus-based solution to the tax challenges of the digital economy, according to the final communique issued at the conclusion of the G7's summit in Charlevoix, Canada.




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Tax-News.com: Canada Promises To Improve Tax Advice Helplines

The Canadian Revenue Agency has unveiled a three-point action plan to improve the services offered by its call centers.




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Tax-News.com: Ontario Withdraws Support For Canadian Carbon Taxes

Ontario's new government has scrapped the province's cap-and-trade carbon pricing regime, effective July 3.




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Tax-News.com: Canada Revenue Agency To Improve Digital Platform

The Canada Revenue Agency is to collaborate with an association of tax preparation and software firms to improve the digital services it provides to taxpayers.




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Tax-News.com: Canada To Push Ahead With Carbon Tax Plans

Canada's federal Government has announced that it will impose a carbon price in Ontario, New Brunswick, Manitoba, and Saskatchewan in 2019.




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Tax-News.com: OECD States Tapped VAT, CIT To Achieve Record Revenues In 2017

Last year, the tax burden in OECD countries reached its highest level recorded, at 34.2 percent of gross domestic product, up 20 basis points on 2016, largely due to increasing taxes on personal consumption and companies.




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Tax-News.com: Canadian Tax Regime To Be Enhanced From 2019

Canada's small business tax rate will be reduced from 10 percent to nine percent from January 1, 2019, as part of a suite of new year tax changes.




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Tax-News.com: Canada Launches Tax Filing Season

On February 19, the Canada Revenue Agency officially opened the 2019 tax filing season.




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Tax-News.com: Canada's 2019 Budget Focuses On Real Estate Tax Compliance

Canadian Finance Minister Bill Morneau has made tax non-compliance in the real-estate market a major focus of his 2019 Budget.




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Tax-News.com: Canada Ratifies BEPS MLI

On June 21, 2019, Canada ratified the BEPS multilateral convention, to introduce amendments to its network of tax treaties to prevent abuse.




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Tax-News.com: Canada To Legislate For Budget Tax Reforms

The Canadian Government is consulting on draft legislative proposals to implement a number of tax measures announced in the 2019 Budget.




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Tax-News.com: Mexico Ratifies New North American Free Trade Deal

Mexico has completed its domestic ratification procedures in respect of the new US-Mexico-Canada Agreement (USMCA), which will replace the North American Free Trade Agreement, with the US and Canada.




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Tax-News.com: Trudeau Makes Election Pledge On Canadian Taxes

The Canadian Liberal Party has announced plans to reduce the income tax burden by raising the Basic Personal Amount.




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Tax-News.com: Most Europeans Want Tougher Action Against Tax Fraud

Three-quarters of Europeans want the European Union to do more to tackle tax evasion, according to a new survey by Eurobarometer.




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Tax-News.com: EU Criticizes France's Inefficient VAT System

The European Commission has released a paper recommending improvements to France's "inefficient" value-added tax system, including that the country do away with broadly applying reduced VAT rates.




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Tax-News.com: India Cabinet Agrees Cypriot Tax Treaty Changes

The Indian Cabinet on August 24 approved the signature of a double tax agreement protocol with Cyprus that would tackle "round tripping" and base erosion and profit shifting.




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Tax-News.com: HMRC Warns Against Use Of New CGT Avoidance Scheme

UK tax authority HM Revenue and Customs has said that it is aware of a new tax avoidance scheme that attempts to exploit Entrepreneurs' Relief by turning what would be income into a capital gain.




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Tax-News.com: European Parliament Begins Panama Papers Inquiry

The European Parliament has begun its inquiry into the Panama Papers with a hearing with the investigative journalists behind the leak.




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Tax-News.com: Italian Police Breaks Up Europe-Wide VAT Fraud Ring

On October 12, the Italian financial police said it had broke up a value-added tax fraud ring allegedly involved in transactions totaling EUR930m, through 180 companies in 15 European Union (EU) countries.




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Tax-News.com: Tax Rose In 20 EU States In 2015, Says Eurostat Report

The European Union statistics agency, Eurostat, has released new figures concerning member states' tax revenue collections and their tax mixes for 2015.




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Tax-News.com: Cyprus, India Tax Treaty To Take Effect In 2017

The revised double tax avoidance agreement between India and Cyprus will take effect from April 1, 2017, India's Central Board of Direct Taxes has announced.




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Tax-News.com: Tax 'Lost' In Panama Papers Worth Up To EUR237bn For EU

The total loss to EU member states from the schemes revealed in the Panama Papers could be in the region of between EUR109bn (USD119bn) to EUR237bn, according to a new study commissioned by the European Parliament's PANA committee.




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Tax-News.com: New EU Agency To Pursue VAT Fraudsters

Twenty EU member states have reached a deal on the establishment of a new European Public Prosecutor's Office that will have the power to investigate and prosecute criminal cases affecting the EU budget.




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Tax-News.com: Cyprus Opens New Tax Amnesty For Past Tax Dues

Cyprus's Tax Department has released details of a tax amnesty, which entered into force on July 3, 2017.




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Tax-News.com: Cyprus Should Reinstate Immovable Property Tax: IMF

Cyprus should consider reinstating the immovably property tax to boost revenues, the International Monetary Fund has said.




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Tax-News.com: Cyprus Extends Deadline For CbC Reporting Entity Notification

The Cypriot tax authority has extended until January 15, 2018, the deadline for multinational corporations to submit their notifications concerning country-by-country reporting for 2017. The deadline had been December 31.




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Tax-News.com: EU Reports On States' Tax Reforms In 2017

The European Commission has released the 2017 edition of its survey of Tax Policies in the European Union, looking at the reforms undertaken by EU member states during the year.




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Tax-News.com: Cyprus, Saudi Arabia Negotiate Double Tax Agreement

Cyprus's Ministry of Finance says the island has signed a double tax agreement with Saudi Arabia with respect to taxes on income and for the prevention of tax evasion.




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Tax-News.com: New Cypriot E-Payment Obligation From June 2018

Cyprus's Department of Taxation said recently that it will accept only electronic payment for the main tax heads from June 1, 2018.




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Tax-News.com: Cyprus Issues New CbC Filing Notification

The Cyprus Tax Department has released a notice on the obligation on Cypriot constituent entities of multinational groups to file a CbC report in Cyprus where the ultimate parent entity files in a territory without an exchange of information arrangement with Cyprus.




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Tax-News.com: EU Approves New Tonnage Tax Schemes

The EU has approved under state aid rules the introduction of a tonnage tax scheme in Estonia and the prolongation of a tonnage tax scheme in Cyprus.




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Tax-News.com: Cyprus Extends Tax Compliance Dates In Light Of COVID-19

The Cyprus Government has announced a number of extensions to tax return filing dates.