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Tax-News.com: Estonia Tops Tax Foundation's Tax Competitiveness Index

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."




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Tax-News.com: Australian SME Tax Cuts Now Law

Legislation to reduce Australia's small business tax rate received Royal Assent on October 25.




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Tax-News.com: Australian Tax Office Expands Data Matching Program

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.




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Tax-News.com: Australia Consults On Tax Implications Of Insurance Law Reform

The Australian Government is consulting on the tax implications of a new accounting standard for insurance contracts.




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Tax-News.com: Only Tax-Compliant Firms To Be Allowed Australian Gov't Contracts

Australia is to require businesses seeking to tender for significant federal government procurement contracts to demonstrate their record of tax compliance.




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Tax-News.com: Australian Regulator Flags Important Accounting Standard Changes

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.




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Tax-News.com: Australia Explains Tax Disclosure Obligation On Largest Firms

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.




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Tax-News.com: Australia Warns On Real Estate GST Non-Compliance

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.




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Tax-News.com: Australia Toughens Tax Rules For Procurement Bids

The Australian Government is to implement a new government procurement process that will require the tenderer's tax record to be taken into account.




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Tax-News.com: Australia Brings Forward Personal Income Tax Reform In 2019 Budget

Australian Treasurer Josh Frydenberg has announced that the Government will bring forward the start date for its package of income tax cuts.




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Tax-News.com: Australia Explains Early Intervention Program

The Australian Taxation Office has explained how its Early Intervention Strategy helps it to identify tax agents at risk of non-compliance.




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Tax-News.com: Australia Issues Ruling On Hybrid Mismatch Rules

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.




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Tax-News.com: Australia Explains End-Of-Year Reporting Under STP

The Australian Taxation Office has issued guidance on how employers can prepare for end-of-year reporting under the new Single Touch Payroll system.




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Tax-News.com: Australia Clarifies Effective Life Of Depreciable Assets

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.




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Tax-News.com: Australia May Make Directors Liable For Unpaid GST In Folded Companies

Legislation before Australia's parliament would make company directors liable for a failed company's GST liabilities in certain circumstances.




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Tax-News.com: Australian High Court Allows Use Of Leaked Data In Tax Probes

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.




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Tax-News.com: Glencore Wins AUD92m Transfer Pricing Case In Australia

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.




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Tax-News.com: Exporters Urge Int'l Reform To Simplify VAT Compliance

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.




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Tax-News.com: Australian Tax Changes For Self-Managed Super Funds Effective

Australia has enacted new integrity measures included in the Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2019 affecting self-managed super funds.




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Tax-News.com: Australia Announces CbC Reporting Changes

The Australian Taxation Office has announced changes to its CbC reporting system following feedback from multinational groups.




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Tax-News.com: Ireland Studies Potential Drop In Record High CIT Receipts

A reversal of recent surges in corporate tax receipts could hit tax revenues and affect the Ireland's longer-term economic position, according to analysis released by the Irish Finance Department.




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Tax-News.com: Namibia To Repeal 'Harmful' Tax Incentives

Namibia's Minister of Finance, Calle Schlettwein, has tabled a legislative amendment in parliament that will repeal certain tax incentives attached to Export Processing Zones as well as those aimed at the manufacturing sector.




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Tax-News.com: Abu Dhabi Free Zone Officials Visit China

Officials from the Abu Dhabi Global Market, a free zone in the United Arab Emirates, and the Abu Dhabi Exchange recently visited Shanghai, China, to meet with representatives of key Chinese financial authorities and institutions.




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Tax-News.com: Jersey Financial Services Sector Steady Over Past Year

Recently released statistics by Jersey's Government show a steady or improving picture for the financial services sector in 2015.




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Tax-News.com: Austria, Ireland Have Failed To Adopt ATAD BEPS Measures

The European Commission has requested that both Austria and Ireland take action to transpose EU-wide interest limitation rules into their respective national laws.




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Tax-News.com: Luxembourg's 2020 Budget Approved By Parliament

On December 19, 2019, Luxembourg's Chamber of Deputies approved the Government's Budget for 2020, which among other measures includes important changes to the validity of advanced tax rulings.




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Tax-News.com: Austria Publishes Digital Tax Guide

The Austrian Ministry of Finance has published guidance in English regarding the Digital Tax Act 2020, which was approved by the upper house of the Austrian parliament on October 10, 2019, and which applies to the provision of digital advertising services from 2020.




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Tax-News.com: New Austrian Government Agrees On Tax Reforms

The new Austrian coalition government, consisting of the conservative People's Party and the Green Party, has agreed on a program for government, which includes several significant tax measures.




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Tax-News.com: European Parliament Seeks Aligned EU-UK Rules

Members of the European Parliament want the EU and UK to reach an ambitious new free trade agreement, but have stressed that there must be a "level playing field."




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Tax-News.com: Brexit Negotiations To Begin This Month

The European Council has authorized the opening of negotiations for a new partnership with the UK, and mandated the Commission to act as the EU's negotiator.




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Nutrition Care Process to Empower Dieticians - Interview With Dr. Esther Myers at ISPEN 2019

Highlights: On behalf of ISPEN 2019, Medindia interviewed Dr. Esther Myers on her work in the implementation o




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Tax-News.com: COVID-19: Austria Exempts Employee Bonuses From Tax

The Austrian parliament has approved measures to exempt allowances and bonuses paid to employees from all taxes as part of the Government's economic response to the COVID-19 crisis.




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Tax-News.com: COVID-19: Austria Suspends Tax Administrative Proceedings

The Austrian Ministry of Finance has announced that proceedings in relation to tax offences and the payment of duties and fees will be extended due to restrictions on movement imposed as a result of the COVID-19 virus.




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Tax-News.com: COVID-19: Bolivia Announces Filing, Payment Deferrals

Bolivia has announced a number of filing and payment extensions for taxpayers, in response to the COVID-19 outbreak.




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Tax-News.com: UK Digital Tax Guidance Needed On Scope, Liability: CIOT

The Chartered Institute of Taxation has called on the UK Government to clarify questions remaining about the UK's Digital Services Tax, which became effective this month.




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Tax-News.com: French Parliament Votes Through Digital Tax

On July 11, 2019, France's proposed digital services tax received parliamentary approval, following approval also from the Senate.




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Tax-News.com: IRS Clarifies FTC Rules For French Social Taxes

On July 19, 2019, the United States Internal Revenue Service updated its webpage on foreign tax credits to clarify that it will not challenge foreign tax credit claims involving certain French taxes.




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Tax-News.com: Nine EU Finance Ministers Call For Green Tax On Aviation

Nine EU member states have called on the European Commission to draw up proposals for an EU-wide aviation tax.




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Tax-News.com: US Considers Retaliation Against French Digital Services Tax

The United States may impose additional duties of up to 100 percent on certain French products in retaliation for France's digital services tax, which a newly published report by the US Trade Representative has concluded discriminates against certain US companies.




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Tax-News.com: Germany Presents Text For EU Financial Transactions Tax

German Finance Minister Olaf Scholz has presented a final proposal for a European Union financial transactions tax to the 10 member states participating in the initiative.




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Tax-News.com: EU Financial Transactions Tax Agreement Close, Says Scholz

German Finance Minister Olaf Scholz has said he is confident that an agreement can be reached on a European Union financial transactions tax.




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Tax-News.com: Austria Rejects German Financial Transactions Tax Plan

Austrian Chancellor Sebastian Kurz has said that Austria does not agree with new German proposals for a European financial transactions tax.




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Tax-News.com: Austria May Pull Out Of European Financial Transactions Tax Talks

On February 19, 2020, German Finance Minister Olaf Scholz issued a statement to say that he remains "committed" to the introduction of a financial transactions tax at European Union level along the same lines as that proposed by the German Government last month, despite opposition from within the EU, notably from Austria.




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Artificial Sweeteners Along With Carbs Are More Harmful

Artificial sweetener sucralose doesnt have any negative impact on its own, but when consumed with a carbohydrate, it induces harmful changes in insulin




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Unconscious Food Impulses may Make Bariatric Surgery Less Effective for Extreme Obesity: Study

Unconscious food cravings were found to make bariatric surgery less effective for extreme obesity, stated new research that was accepted for presentation




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Media Literacy Has a Positive Impact on Kids' Nutrition and Family Relationships

Media use is a known contributor to childhood obesity, but reductions in screen use only partly eliminate media influence. Family-centered, media literacy-oriented




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Processed Meats Linked to Dementia Risk

People whose diets consisted of processed meats, potatoes, and snacks like cookies and cakes are at an increased dementia risk years later than people




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Stevia Extract Sweetener can Protect Liver Health

Stevia, a popular sweetener can make potential improvements in a common condition called fatty liver disease, reports a new study. The findings of the




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Pelvic Exams may Not Help Diagnose STDs in Teenage Girls

Pelvic examination in adolescent girls does not help the physician's to diagnose certain sexually transmitted diseases (STDs). In fact it narrows




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Only Half of the People Enroll for HIV Care in Southern Mozambique After Diagnosis

Only half of the people diagnosed with HIV in southern Mozambique enroll in medical care while others do not initiate the next step of HIV care, reports a new study.