news Tax-News.com: Spain To Press Ahead With Digital Tax By www.tax-news.com Published On :: Fri, 12 Oct 2018 00:00:00 GMT The Spanish Government will proceed with a proposal to introduce a digital services tax along similar lines to the European Commission's proposed interim digital tax. Full Article
news Tax-News.com: HMRC Focusing On Image Rights Tax Avoidance By www.tax-news.com Published On :: Mon, 29 Oct 2018 00:00:00 GMT The UK tax agency has confirmed that it is investigating around 170 professional soccer players' tax affairs and around 20 football clubs, focusing on the taxation of image rights. Full Article
news Tax-News.com: Brexit Withdrawal Agreement Put To UK Lawmakers By www.tax-news.com Published On :: Fri, 23 Nov 2018 00:00:00 GMT An agreement has been reached between the European Union and the United Kingdom on Brexit, which, if approved by UK lawmakers, would establish a transition period, until the end of 2020, during which EU law would continue to apply to the UK. Full Article
news Tax-News.com: EU To Probe Potential Abuses Of Citizenship By Investment Schemes By www.tax-news.com Published On :: Mon, 28 Jan 2019 00:00:00 GMT For the first time, the Commission has presented a comprehensive report on investor citizenship and residence schemes operated by a number of EU member states. Full Article
news Tax-News.com: US Companies Urge Senate To Approve Tax Treaties By www.tax-news.com Published On :: Fri, 10 May 2019 00:00:00 GMT In a letter published on April 29, 2019, the United States National Foreign Trade Council urged the Senate to approve several pending double tax avoidance treaties. Full Article
news Tax-News.com: EU Takes Action Against Spain Over Rules On Reporting Of Assets By www.tax-news.com Published On :: Thu, 13 Jun 2019 00:00:00 GMT The European Commission is taking Spain to the Court of Justice over the imposition of "disproportionate" sanctions for failure to report assets held abroad. Full Article
news Tax-News.com: US Senate Finance Committee Approves Four Treaties By www.tax-news.com Published On :: Fri, 5 Jul 2019 00:00:00 GMT On June 25, 2019, the United States Senate Foreign Relations Committee approved amendments to four double tax avoidance agreements which have been pending in the Senate for several years. Full Article
news Tax-News.com: US Senate To Vote On Tax Treaty Protocols By www.tax-news.com Published On :: Tue, 16 Jul 2019 00:00:00 GMT The United States Senate could soon approve ratification of four long-pending double tax avoidance treaty protocols. Full Article
news Tax-News.com: US Senate Approves Changes To Four Double Tax Pacts By www.tax-news.com Published On :: Thu, 25 Jul 2019 00:00:00 GMT The United States Senate has approved protocols to four existing bilateral double tax avoidance treaties that have been pending in the chamber for as much as a decade. Full Article
news Tax-News.com: Spain To Press Ahead With Digital Tax By www.tax-news.com Published On :: Thu, 25 Jul 2019 00:00:00 GMT Spain's acting Economy Minister, Nadia Calvino, said the Government will seek approval of legislation to introduce a digital services tax at the earliest opportunity. Full Article
news Tax-News.com: EC Investigates Italian Port Tax Exemptions By www.tax-news.com Published On :: Tue, 26 Nov 2019 00:00:00 GMT On November 15, 2019, the European Commission announced the launch of an in-depth state aid investigation into tax exemptions provided to Italian ports, but welcomed commitments from Spain to abolish similar exemptions for Spanish ports from next year. Full Article
news Tax-News.com: New Spanish Coalition Agrees Tax Plan By www.tax-news.com Published On :: Wed, 8 Jan 2020 00:00:00 GMT The Spanish Socialist Party and the Podemos movement, which will form the next governing coalition, has released their policy document, which includes plans for a corporate minimum tax, among other tax measures. Full Article
news Tax-News.com: Spain Legislates For Digital Services Tax By www.tax-news.com Published On :: Tue, 17 Mar 2020 00:00:00 GMT The Spanish Government has published the draft bill to introduce a digital services tax in Spain, beginning the formal parliamentary process needed to introduce the measure. Full Article
news Tax-News.com: Isle Of Man Ship Registry's STCW Platform Praised By www.tax-news.com Published On :: Fri, 19 Feb 2016 00:00:00 GMT The implementation of a new system by the Isle of Man Ship Registry for processing online applications for Standards of Training, Certification, and Watchkeeping for Seafarers endorsements has been hailed a great success by its clients. Full Article
news Tax-News.com: IoM Announces New Penalties For Incorrect Tax Returns By www.tax-news.com Published On :: Mon, 28 Mar 2016 00:00:00 GMT The Isle of Man is to introduce new penalties for tax return errors from October 6, 2016. Full Article
news Tax-News.com: Canada To Introduce New Anti-Avoidance Measures By www.tax-news.com Published On :: Wed, 13 Apr 2016 00:00:00 GMT The Canadian Government has announced the establishment of an independent advisory committee on offshore tax evasion and aggressive tax planning. Full Article
news Tax-News.com: IoM To Enhance BO Info Exchange With UK By www.tax-news.com Published On :: Thu, 14 Apr 2016 00:00:00 GMT The Isle of Man Government has committed to enhancing the effectiveness of arrangements to share "beneficial ownership" information with the United Kingdom. Full Article
news Tax-News.com: International Support For Beneficial Ownership Info Exchange By www.tax-news.com Published On :: Wed, 27 Apr 2016 00:00:00 GMT More than 20 jurisdictions have signed up to a pilot project to exchange data held on beneficial ownership registers and registers of trusts, according to UK Chancellor George Osborne. Full Article
news Tax-News.com: Canada Provides Update On Anti-Evasion Work By www.tax-news.com Published On :: Tue, 13 Sep 2016 00:00:00 GMT The Canada Revenue Authority is auditing over 750 taxpayers with suspected links to offshore "tax havens" and investigating 20 cases of tax evasion, the Government has said. Full Article
news Tax-News.com: IoM: Time Running Out For Tax Amnesty Declarations By www.tax-news.com Published On :: Thu, 22 Sep 2016 00:00:00 GMT The Isle of Man Treasury has warned that time is running out for taxpayers who have failed to declare all their taxable income. Full Article
news Tax-News.com: Canada To Ramp Up Efforts Against Tax Evasion By www.tax-news.com Published On :: Mon, 27 Feb 2017 00:00:00 GMT The Canadian Government has said that it will review its tax ruling process and voluntary disclosures program as part of its response to recommendations made last year by a parliamentary committee. Full Article
news Tax-News.com: Dassault Responds To Paradise Paper Leaks By www.tax-news.com Published On :: Mon, 13 Nov 2017 00:00:00 GMT French aircraft manufacturer Dassault Aviation has issued a statement on its tax arrangements in response to media coverage of the so-called "Paradise Papers." Full Article
news Tax-News.com: IoM Budget Includes Plan For Bank Tax By www.tax-news.com Published On :: Thu, 22 Feb 2018 00:00:00 GMT The Isle of Man's 2018 Budget maintains the zero percent company tax rate, and announces a banking tax review, which will look at taxing all banking profits at the 10 percent rate from next year. Full Article
news Tax-News.com: Isle Of Man To Introduce New VAT Fraud Penalty By www.tax-news.com Published On :: Wed, 28 Feb 2018 00:00:00 GMT The Isle of Man Treasury has announced that a new 30 percent penalty for participation in VAT fraud will be introduced from March 1, 2018. Full Article
news Tax-News.com: EU Committee To Consider VAT Response To Paradise Papers By www.tax-news.com Published On :: Wed, 28 Feb 2018 00:00:00 GMT Value-added tax avoidance will be considered by a new EU anti-tax avoidance committee, the creation of which is expected to be endorsed at an EU parliamentary plenary on March 1, 2018. Full Article
news Tax-News.com: UK Sets Out Upcoming VAT Reform Initiatives By www.tax-news.com Published On :: Fri, 5 Apr 2019 00:00:00 GMT The UK's Chancellor, Philip Hammond, delivering the Spring Statement earlier this month, announced a number of upcoming VAT reform projects. Full Article
news Tax-News.com: Australia To Improve Division 7A Tax Rules For Shareholders By www.tax-news.com Published On :: Fri, 26 Oct 2018 00:00:00 GMT The Australian Government is to simplify taxpayers' compliance with rules designed to prevent shareholders from using private company profits without paying tax at their marginal rates. Full Article
news Tax-News.com: Estonia Tops Tax Foundation's Tax Competitiveness Index By www.tax-news.com Published On :: Mon, 29 Oct 2018 00:00:00 GMT Estonia has topped the Tax Foundation's International Tax Competitiveness Index for the fifth successive year, being deemed to have the "best tax code in the OECD." Full Article
news Tax-News.com: Australian SME Tax Cuts Now Law By www.tax-news.com Published On :: Mon, 29 Oct 2018 00:00:00 GMT Legislation to reduce Australia's small business tax rate received Royal Assent on October 25. Full Article
news Tax-News.com: Australian Tax Office Expands Data Matching Program By www.tax-news.com Published On :: Fri, 2 Nov 2018 00:00:00 GMT The Australian Taxation Office has announced that it is expanding its data matching program to focus on information it receives from partner organizations on shares held by taxpayers. Full Article
news Tax-News.com: Australia Consults On Tax Implications Of Insurance Law Reform By www.tax-news.com Published On :: Fri, 16 Nov 2018 00:00:00 GMT The Australian Government is consulting on the tax implications of a new accounting standard for insurance contracts. Full Article
news Tax-News.com: OECD Reports Progress On Harmful Tax Regimes Work By www.tax-news.com Published On :: Fri, 23 Nov 2018 00:00:00 GMT Releasing a progress update, the OECD said international efforts to curb harmful tax practices and prevent the misuse of preferential tax regimes are having a tangible impact worldwide. Full Article
news Tax-News.com: Only Tax-Compliant Firms To Be Allowed Australian Gov't Contracts By www.tax-news.com Published On :: Fri, 23 Nov 2018 00:00:00 GMT Australia is to require businesses seeking to tender for significant federal government procurement contracts to demonstrate their record of tax compliance. Full Article
news Tax-News.com: Australian Regulator Flags Important Accounting Standard Changes By www.tax-news.com Published On :: Fri, 7 Dec 2018 00:00:00 GMT The Australian Securities and Investments Commission has highlighted the significant impact that recent accounting standard changes will have for financial reports that must be prepared for the year to December 31, 2018, and second quarter reports. Full Article
news Tax-News.com: Australia Explains Tax Disclosure Obligation On Largest Firms By www.tax-news.com Published On :: Tue, 12 Feb 2019 00:00:00 GMT The Australian Taxation Office has issued an e-brief on how companies can assess if they are required to submit a reportable tax position schedule. Full Article
news Tax-News.com: Australia Warns On Real Estate GST Non-Compliance By www.tax-news.com Published On :: Thu, 14 Mar 2019 00:00:00 GMT The Australian Taxation Office said that it has noticed a number of common errors being made in activity statements since the "goods and services tax at settlement" system was introduced for the real estate industry in July 2018. Full Article
news Tax-News.com: Australia Toughens Tax Rules For Procurement Bids By www.tax-news.com Published On :: Fri, 5 Apr 2019 00:00:00 GMT The Australian Government is to implement a new government procurement process that will require the tenderer's tax record to be taken into account. Full Article
news Tax-News.com: Australia Brings Forward Personal Income Tax Reform In 2019 Budget By www.tax-news.com Published On :: Fri, 5 Apr 2019 00:00:00 GMT Australian Treasurer Josh Frydenberg has announced that the Government will bring forward the start date for its package of income tax cuts. Full Article
news Tax-News.com: Australia Explains Early Intervention Program By www.tax-news.com Published On :: Mon, 15 Apr 2019 00:00:00 GMT The Australian Taxation Office has explained how its Early Intervention Strategy helps it to identify tax agents at risk of non-compliance. Full Article
news Tax-News.com: Australia Issues Ruling On Hybrid Mismatch Rules By www.tax-news.com Published On :: Mon, 15 Apr 2019 00:00:00 GMT The Australian Taxation Office has opened a consultation on a draft Law Companion Ruling on the targeted integrity rule that will apply under the new hybrid mismatch regime. Full Article
news Tax-News.com: NZ Accountants Welcome Tax Reform Decisions By www.tax-news.com Published On :: Mon, 29 Apr 2019 00:00:00 GMT Chartered Accountants Australia and New Zealand (CA ANZ) has given a guarded welcome to the New Zealand Government's response to the recommendations of the Tax Working Group. Full Article
news Tax-News.com: Australia Explains End-Of-Year Reporting Under STP By www.tax-news.com Published On :: Mon, 29 Apr 2019 00:00:00 GMT The Australian Taxation Office has issued guidance on how employers can prepare for end-of-year reporting under the new Single Touch Payroll system. Full Article
news Tax-News.com: Australia Clarifies Effective Life Of Depreciable Assets By www.tax-news.com Published On :: Tue, 16 Jul 2019 00:00:00 GMT The Australian Taxation Office has released a new ruling on how to calculate the effective life of depreciating assets for income tax purposes, in Taxation Ruling (TR) 2019/5, which is applicable from July 1, 2019. Full Article
news Tax-News.com: Australia May Make Directors Liable For Unpaid GST In Folded Companies By www.tax-news.com Published On :: Thu, 22 Aug 2019 00:00:00 GMT Legislation before Australia's parliament would make company directors liable for a failed company's GST liabilities in certain circumstances. Full Article
news Tax-News.com: Australian High Court Allows Use Of Leaked Data In Tax Probes By www.tax-news.com Published On :: Thu, 22 Aug 2019 00:00:00 GMT The Australian Taxation Office has welcomed a significant ruling from Australia's High Court, which enables the tax agency to use information obtained from data leaks, even if leaked from a law firm. Full Article
news Tax-News.com: Glencore Wins AUD92m Transfer Pricing Case In Australia By www.tax-news.com Published On :: Thu, 5 Sep 2019 00:00:00 GMT Australia's Federal Court issued a decision in favor of mining company Glencore on September 3, 2019. The case centered on whether dealings between Swiss parent Glencore International AG and an Australian subsidiary breached transfer pricing rules in relation to the sale and purchase of copper concentrate in the 2007-09 years. Full Article
news Tax-News.com: OECD Says Pace Of Global Tax Reform Has Slowed By www.tax-news.com Published On :: Thu, 5 Sep 2019 00:00:00 GMT The pace of tax reform has slowed across most leading economies, a new report from the OECD says, calling for bolder tax reforms to address future challenges. Full Article
news Tax-News.com: Exporters Urge Int'l Reform To Simplify VAT Compliance By www.tax-news.com Published On :: Fri, 20 Sep 2019 00:00:00 GMT The International Chamber of Commerce has warned that micro-, small-, and medium-sized businesses' growth prospects are being stymied by complex indirect tax regimes. It has released an issues brief that is intended to contribute towards international reform talks being led by the World Trade Organization. Full Article
news Tax-News.com: Australian Tax Changes For Self-Managed Super Funds Effective By www.tax-news.com Published On :: Fri, 11 Oct 2019 00:00:00 GMT Australia has enacted new integrity measures included in the Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2019 affecting self-managed super funds. Full Article
news Tax-News.com: Netherlands Sets Out 2020 Tax Treaty Goals By www.tax-news.com Published On :: Mon, 27 Jan 2020 00:00:00 GMT On January 20, 2020, the Dutch Ministry of Finance announced the list of countries with which the Netherlands intends to negotiate new or amended double tax treaties in 2020. Full Article