.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com 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
.com Tax-News.com: Australia Announces CbC Reporting Changes By www.tax-news.com Published On :: Thu, 20 Feb 2020 00:00:00 GMT The Australian Taxation Office has announced changes to its CbC reporting system following feedback from multinational groups. Full Article
.com Tax-News.com: OECD Provides Update To G20 On BEPS Work By www.tax-news.com Published On :: Thu, 20 Feb 2020 00:00:00 GMT In a new report for G20 ministers, the OECD has provided an update on its work to tackle tax base erosion and profit shifting relating to multinational businesses. Full Article
.com Tax-News.com: J5 Reviews Work To Tackle Cross-Border Tax Crimes By www.tax-news.com Published On :: Tue, 3 Mar 2020 00:00:00 GMT On February 19, 2020, the United States Internal Revenue Service announced that the leaders of the Joint Chiefs of Global Tax Enforcement recently gathered in Sydney, Australia, to review their work and to set priorities for the years ahead. Full Article
.com Tax-News.com: Ireland Consults On Capital Gains Tax Relief Review By www.tax-news.com Published On :: Thu, 13 Jun 2019 00:00:00 GMT The Irish Finance Department has launched a consultation on potential changes to the capital gains tax revised entrepreneur relief. Full Article
.com Tax-News.com: Ireland Consults On Future Of Two Tax Reliefs By www.tax-news.com Published On :: Fri, 5 Jul 2019 00:00:00 GMT The Irish Government is holding a public consultation on the Special Assignee Relief Programme and the Foreign Earnings Deduction, as part of a broader independent review of the reliefs. Full Article
.com Tax-News.com: Ireland Issues Guidance On New Anti-Hybrid Mismatch Rules By www.tax-news.com Published On :: Thu, 25 Jul 2019 00:00:00 GMT The Irish Government has released additional guidance on its proposals for new anti-hybrid rules, responding to feedback to a consultation launched in November 2018. Full Article
.com Tax-News.com: OECD's Digital Tax Work Has Broad Ramifications For Ireland By www.tax-news.com Published On :: Thu, 22 Aug 2019 00:00:00 GMT As a small open economy, Ireland may be affected significantly by the OECD's proposals to modify how taxing rights are allocated among countries, Irish business association Ibec has said. Full Article
.com Tax-News.com: Ireland Issues E-Brief On Mergers And Divisions By www.tax-news.com Published On :: Thu, 22 Aug 2019 00:00:00 GMT The Irish Revenue has published guidance on the tax compliance obligations that arise from mergers and divisions. Full Article
.com Tax-News.com: UK Lists Instructions For Traders On Brexit By www.tax-news.com Published On :: Fri, 30 Aug 2019 00:00:00 GMT HM Revenue and Customs has written to VAT-registered businesses that trade with the EU, advising them on how to prepare for changes to customs, excise, and VAT in the event of a no-deal Brexit. Full Article
.com Tax-News.com: Ireland Sets Out Plans For Transfer Pricing Regime Changes By www.tax-news.com Published On :: Thu, 5 Sep 2019 00:00:00 GMT Ireland has released a responses document on an ongoing consultation on an update to the country's transfer pricing rules. Full Article
.com Tax-News.com: Apple's Irish Tax Ruling Appeal Gets Underway By www.tax-news.com Published On :: Fri, 20 Sep 2019 00:00:00 GMT The Irish Government is arguing that favorable tax treatment was not granted to Apple under two rulings deemed by the EU to have constituted illegal state aid to the company. Full Article
.com Tax-News.com: Irish Tax Investigations Typically Last Almost A Year By www.tax-news.com Published On :: Fri, 18 Oct 2019 00:00:00 GMT Ireland's Comptroller and Auditor General has released a new report on the Irish Revenue's compliance activities during 2018, and its efforts to improve how it interacts with taxpayers since a review in 2012. Full Article
.com Tax-News.com: Ireland Explains Tax Rules For Payments To Non-Resident Landlords By www.tax-news.com Published On :: Fri, 18 Oct 2019 00:00:00 GMT The Irish Revenue has updated its Tax and Duty Manual on the taxation of non-resident landlords to clarify a number of obligations. Full Article