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Tax-News.com: US To Investigate Ten Countries' Steel Exports

The Department of Commerce has initiated a wide-ranging antidumping duty and countervailing duty investigation into imports of carbon and alloy steel wire rod from ten countries.




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Tax-News.com: Russia, Japan To Sign New Double Tax Agreement

The governments of Japan and Russia on April 28 announced they have agreed the text of a new double tax agreement that would replace the 1986 pact between Japan and the former USSR.




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Tax-News.com: Russia To Hike VAT Rate To 22 Percent By 2019

To fund future tax cuts for companies, the Russian Ministry of Finance has proposed hiking the headline value-added tax rate.




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Tax-News.com: Russia To Sign OECD's BEPS Convention

Russia will sign the OECD's Multilateral Convention to implement tax treaty-related measures to prevent base erosion and profit shifting, the Government announced on May 20.




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Tax-News.com: EU Hails Victory In WTO Russia Tariff Dispute

The EU has said that, as a result of dispute proceedings it launched in 2014, Russia has lowered tariffs on certain paper, refrigerators, and palm oil products.




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Tax-News.com: China To Probe Dumping Of Styrene by US, Korea, Taiwan

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.




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Tax-News.com: Switzerland Exploring Options For Freer Trade

Swiss Federal Councillor Johann N Schneider-Ammann will this month travel to Russia, Indonesia, Saudi Arabia, and the US, with the aim of further developing Switzerland's bilateral trade relations with each country.




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Tax-News.com: IMF Proposes VAT Rate Hike For Russia

Russia should hike value-added tax by four percent to 22 percent and lower social security contributions, the International Monetary Fund has proposed.




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Tax-News.com: BRICS Summit Ends With Tax Commitment

The BRICS countries – Brazil, China, Russia, India, and South Africa – closed out a recent summit with an agreement on supporting one another, and developing nations, with tackling tax evasion and plugging opportunities for tax avoidance.




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Tax-News.com: Japan, Russia Agree New Double Tax Pact

The governments of Japan and Russia signed a new convention on the elimination of double taxation on September 7.




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Tax-News.com: Paper Looks At 'Tax Haven'-Use Trends Globally

The US-based National Bureau of Economic Research has released a new report that looks at which countries' taxpayers have the most wealth stored in so-called "offshore tax havens."




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Tax-News.com: EU Imposes New Anti-Dumping Duties On Steel

The European Commission has announced the imposition of new anti-dumping duties on imports of hot rolled flat steel products from four countries.




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Tax-News.com: Technology Cutting Tax Compliance Burden: Paying Taxes 2018

The use of technology by business and government in tax compliance is driving continued simplification and reduction in the burden of tax compliance on businesses, says Paying Taxes 2018, a report by The World Bank Group and PwC.




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Tax-News.com: Russia To Overhaul Taxation Of Oil And Gas Regime

Russia's Energy Ministry has announced that changes to the tax treatment of the oil industry will take place, but potentially not until 2019.




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Tax-News.com: EU Introduces New Anti-Dumping Methodology

New EU trade defence legislation entered into force on December 20, changing the way the EU deals with dumped and subsidized imports.




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Tax-News.com: Fraud At Record Levels, New BDO Report Says

BDO, the accountancy and business advisory firm, has released a report into the rapidly growing issue businesses and governments face with fraud, including tax fraud.




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Tax-News.com: Russia Proposes To Ditch Flat Individual Tax Regime

Legislation has been tabled in Russia's lower house of parliament, the Duma, to introduce a two-rate personal income tax regime, in place of the current flat tax regime.




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Tax-News.com: Denmark Tops Tax Burden League Table

Denmark was found to have the heaviest burden of taxation as a percentage of the economy in a new study by accountancy firm UHY.




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Tax-News.com: OECD Releases More Transfer Pricing Country Guides

The OECD has published new transfer pricing country profiles for Australia, China, Estonia, France, Georgia, Hungary, India, Israel, Liechtenstein, Norway, Poland, Portugal, Sweden, and Uruguay, bringing the number of such overviews published by the OECD to 44.




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Tax-News.com: Swiss Tax Agency Exchanges Information On Advance Tax Rulings

The Swiss Federal Tax Administration has confirmed that it has transmitted its first spontaneous information reports on advance tax rulings to exchange of information partner states.




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Tax-News.com: Russia Eyeing New Tourist Accommodation Tax

The Russian Government is reportedly considering the introduction of a number of new taxes, including a tax on hotel stays.




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Tax-News.com: Russia Clarifies Tax Treaty Access Rules For Non-Res Holding Companies

In a letter dated August 8, 2019, the Russian Federal Tax Service amended the rules for non-resident holding companies to be considered as the beneficial owner of Russia-sourced income.




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Kapil Dev's daughter Amiya behind his new bald look!

Former India captain Kapil Dev has shocked fans with his new bald look.

Kapil told mid-day on Tuesday that he had requested his daughter Amiya to cut his hair since it had grown rather long. But since Amiya cut it too short, he decided to shave his head and keep a French beard. The 1983 World Cup-winning captain said he is busy helping wife Romi and Amiya with household chores and has indulged in some cooking too during the Coronavirus-caused lockdown. "I am doing all sorts of things; only thing left is polishing my shoes," he said with a chuckle.


Sanjay Manjarekar

Meanwhile, Kapil's former India teammate Sanjay Manjrekar tweeted his bald picture and wrote: "Love this look Paaji! Keep it!" Sanjay and Kapil went on cricket tours to West Indies, Pakistan, New Zealand, England, UAE, Australia, ZImbabwe and South Africa.

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Kapil Dev: New bald look inspired by heroes Viv Richards and MS Dhoni

Former Indian captain Kapil Dev said that his new bald look with a beard is inspired by West Indies great Viv Richards whom he described as his hero and 2011 World Cup-winning Indian captain M.S. Dhoni.

"I had seen Sir Vivian Richards on your Instagram. He is my hero so (I thought) why not? I'll follow my hero. I also saw Dhoni who is also my hero and he had cut his hair after winning the World Cup. So I thought why not, now I have the chance so I did it," Kapil said in a video tweeted by Chennai Super Kings.

Richards respond to the CSK tweet, saying: "Hahaha You took the right inspiration my friend @therealkapildev (sic.)"

Dhoni had famously cut off his long locks after winning the 2007 World T20 and even sported a semi-bald look after winning the 2011 World Cup.

Kapil's bald look with a beard is also quite similar to what Richards has carried for the better part of his retired life. The two have faced off on the field a number of times, most prominently in the final of the 1983 World Cup in which Kapil's rather unheralded Indian team stunned the mighty West Indies and won the trophy.

It was only the third time that the tournament was being held and the first time that a team apart from the West Indies had won it.

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'Governments should support news media as essential service'

The UNESCO has said news media should be recognised and supported by all governments as an "essential service" to stop the COVID-19 "disinfodemic" that is putting lives at risk. "There seems to be barely an area left untouched by disinformation in relation to the COVID-19 crisis, ranging from the origin of the coronavirus, through to unproven prevention and 'cures', and encompassing responses by governments, companies, celebrities and others," Guy Berger, Director for Policies and Strategies regarding Communication and Information at the UN educational, Scientific and Cultural Organization (UNESCO), said in an interview with the UN News.

According to the UN, unreliable and false information is spreading around the world to such an extent that some commentators are now referring to the new avalanche of misinformation that's accompanied the COVID-19 pandemic as a "disinfodemic". Berger said UNESCO is particularly urging governments "not to impose restrictions on freedom of expression that can harm the essential role of an independent press, but to recognise journalism as a power against disinformation even when it publicises verified information and informed opinion that annoys those in power. "There is a strong case to be made that the media deserves to be recognised and supported by governments as an essential service at this time." He stressed that the need of the hour is to improve the supply of truthful information and ensure that the demand is met.

"We are underlining that governments, in order to counter rumours, should be more transparent, and proactively disclose more data, in line with Right to Information laws and policies. Access to information from official sources is very important for credibility in this crisis. "However, this is not a substitute for information supplied by the news media, so we are also intensifying our efforts to persuade authorities to see free and professional journalism as an ally in the fight against disinformation, especially because the news media works openly in the public sphere, whereas much disinformation is under-the-radar, on social messaging apps," Berger said. The UNESCO official also pointed to a more harmful example of disinformation: encouraging the taking of medication, approved for other purposes, but not yet clinically proven as being effective against COVID-19. He said unfortunately some have capitalised on the pandemic, to spread disinformation for the purposes of advancing their own agendas.

"The motives for spreading disinformation are many, and include political aims, self-promotion, and attracting attention as part of a business model. Those who do so, play on emotions, fears, prejudices and ignorance, and claim to bring meaning and certainty to a reality that is complex, challenging and fast-changing," Berger said. He said in a time of "high fears, uncertainties and unknowns", there is "fertile ground for fabrications to flourish and grow". The big risk is that any single falsehood that gains traction can negate the significance of a body of true facts.

"When disinformation is repeated and amplified, including by influential people, the grave danger is that information which is based on truth, ends up having only marginal impact," he said. Berger noted that some people believe, wrongly, that young people or those of African descent are immune (some disinformation has a racist, or xenophobic, tone), and that those in warm climates or countries where summer is on its way, do not need to worry too much. The likely consequence, he said, is complacency, which could fuel more premature deaths. However, not everyone responsible for spreading untruths is doing so maliciously and well-intentioned people are also uncritically circulating dubious content, the UNESCO official said.

"These different motives require different responses, but we should not lose sight of the fact that, irrespective of intention, the effect of sharing falsehoods is to disinform and disempower the public, with deadly potential," he said. UNESCO has underscored that the rights to freedom of expression and access to information are the best remedies to the dangers of disinformation. These rights "enable governments and the public to take evidence-based decisions about reality, and to put in place responses that are founded on both science and human rights values, and which can get us through the pandemic in the best way", Berger said.

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Pets doing homework: This new photography genre in making wins internet

Teachers always try to motivate students to learn! And what is a best way to learn other than involving your pets in your study? A legal scholar, Marie-Amelie George in her trial to make learning fun asked her students to send her the pictures of their pet doing the most unusual of all activities they do –doing homework.

The pictures that make up for an under-rated photography genre, prove that pets can be a cute study companion. George posted a picture of a dog doing what looks like it is reading a book that started a trail of pictures of their pets enlightening themselves with some reading.

The picture posted on April 16, garnered more than 352,400 likes and was retweeted over 52,600 times. Here are some more pictures of pets doing their homework.

What do you think of this new genre in photography?

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1,426 new cases in Singapore, mostly foreign workers affected

Health officials in Singapore said on Monday that they reported a record 1,426 new Coronavirus cases, out of which 1,410 are foreign workers, including Indians residing in dormitories, health officials said. With the fresh cases, the total number of Coronavirus cases in the city-state stands at 8,014, the Ministry of Health said.

"We are still working through the details of the cases," said the ministry in a statement. A total of 18 foreign worker dormitories have been gazetted as isolation areas, as the number of COVID-19 cases continue to rise. As of Sunday, the cluster at S11 Dormitory at Punggol remained the biggest, with 1,508 confirmed cases.

The next biggest cluster was at Sungei Tengah Lodge, with 521 confirmed cases. Though the dormitories are being disinfected and bedding accommodation re-arranged, most of these were overcrowded, leading to a large number of cases as foreign workers are now undergoing screening and testing. All foreign workers in the construction sector have been placed on mandatory stay-home notices until May 4 as a precautionary measure against the spread of COVID-19.

The Ministry of Manpower and the Building and Construction Authority noted that while the recent rise in the number of infected foreign workers has mostly been concentrated in dormitories, there have been cases at construction sites.

SL won't relax curfew
The Sri Lankan government on Monday dropped its decision to relax the nationwide curfew and extended it to April 27 following a sudden spike of 41 cases in the past 24 hours.

1,410
No. of foreign workers

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Coronavirus Outbreak: Instances of humanity amid lockdown overshadow bad news

New York: The idea formed on a day when all the news headlines were dire. The coronavirus was surging worldwide; Nashville had lost lives in a devastating tornado and children had their lives upended as they separated from beloved classmates to shelter at home.

But only bad news is never the whole story. Days later, The Associated Press started its daily series 'One Good Thing' to reflect the unheralded sacrifices made to benefit others that normally wouldn't make a story, but maybe always deserved one.

Since March 17, when a Norwegian mom tried to soften the blow of birthdays under quarantine for her two teens by asking via social media that people reach out to them, there have been 35 stories about the ways that everyday people have tried to make a positive difference in the lives of others. The gestures have been grand and small, some as simple as chalk-written messages on a sidewalk thanking healthcare workers at a New Orleans hospital for their efforts.

Music has been a central theme. The series has included stories about a Rio firefighter sharing his love of music from a hydraulic ladder 150 feet up as he played the trumpet for cooped-up apartment dwellers; a virtual rendition of 'Bolero' from the National Orchestra of France, with each musician playing alone at home; the virtual Corona Community Choir with members around the world, performing on Sundays.

If music soothes the soul, food feeds it. There have been six stories that tell of benefactors feeding health care workers, the poor, the elderly shut ins, even volunteers feeding hungry animals at a revered Hindu temple in Kathmandu, Nepal.

There have been meals from Brooklyn caterer Israel Frischman for Holocaust survivors who are shut in. The day after the story ran, donations poured in and now Frischman has financial backing for the needed meals.

And simpler fare from the 'Solidarity Menu' started by Emiliano Moscoso who employed his hamburger chain of restaurants in Colombia to feed poor neighborhoods in Bogota.

The delivery of lifesaving supplies has been a storyline as well, from the professional cyclist in Italy who has gone from racing against competitors to racing medicine to those in need, to Yale student Liam Elkind's delivery service. A month after reporting on Elkind's 'Invisible Hands' effort which he started with a friend, he reports that it's ballooned.
'We're making over 1,000 deliveries a week now, and over 10,000 volunteers have joined our group. I feel like I haven't slept in decades, but, honestly, I've never felt more energized,' he said.

Heroes have emerged in youth, from Nova Knight, a 5-year-old firecracker in Alaska imploring her cohorts to wash their hands and postpone playdates, to 16-year-old TJ Kim, who can't drive, but can fly. He uses those skills to deliver much-needed medical supplies across rural Virginia.

The stories have circled the world, from Colombia and Nepal, to Italy, Germany, France, Spain, Brazil, Israel, Indonesia and South Korea where Kim Byung-rok, a shoe cobbler, donated land to help raise money for the fight against the virus.

In the month of stories about the goodness of others, it's no surprise when we doubled back to the previous subjects of the coverage, AP journalists found the obvious: the givers' giving has expanded.

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United States won't issue new green cards for 60 days

President Donald Trump has said he will place a pause on the issuance of new green cards for the next 60 days as part of his efforts to protect American workers. He also confirmed that he would sign on Wednesday an order partially blocking immigration to the US.

Trump, seeking re-election in November, said his executive order to ban immigration will last for 60 days and apply only to those seeking permanent residence in the country and exempt temporary workers.

"It will help put unemployed Americans first in line for jobs as US reopens. It would be wrong and unjust for Americans to be replaced with immigrants flown in from abroad," he said.

The US — with 45,000 deaths and over 8,25,000 infections -- is the world's hardest-hit country. About 22 million Americans have lost their jobs since the outbreak.
Meanwhile, a study funded by the National Institute of Health stated that the plan to use hydroxychloroquine for treating COVID-19 patients has received a setback with more deaths being reported among those who were given the drug, according to a report.

Missouri sues Chinese govt

The US state of Missouri filed a lawsuit against the Chinese government, the ruling Communist Party of China, and other Chinese officials and institutions, alleging that Chinese officials are "responsible for the enormous death, suffering, and economic losses they inflicted on the world, including Missourians." China dismissed as "nothing short of absurdity" and violation of sovereignty the lawsuit.

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New Zealand reopens some businesses today, PM says 'worst avoided'

New Zealand reported five new Coronavirus cases Monday as the nation got ready to ease the rules on a strict lockdown from midnight. Prime Minister Jacinda Ardern said there hasn't been widespread community transmission of the virus and the country has so far managed to avoid the worst scenarios for an outbreak.

She said it would continue to hunt down the last few cases. From midnight, certain businesses such as construction will be allowed to reopen, but social distancing rules will still apply. Ardern said the nation was opening up the economy, but not people's social lives.

S Korea to reopen schools
South Korea reported only 10 new cases, its 26th straight day below 100 as officials mulled reopening schools amid the slowing caseload. The figures released by the Korea Centers for Disease Control and Prevention on Monday brought the national totals to 10,738 cases and 243 deaths.

At least 1,044 infections have been linked to international arrivals, but such cases have also declined in recent weeks amid tightened border controls.

Prime Minster Chung Sye-kyun during a virus meeting Monday instructed education officials to prepare measures to ensure hygiene and enforce distance between students at schools so the government could announce a timeline for reopening schools no later than early May.

More US states to reopen
In the US, Colorado, Mississippi, Minnesota, Montana and Tennessee are also preparing to reopen economy, Reuters reported. Georgia, Oklahoma, Alaska and South Carolina had already started easing restrictions. "I would stay home if the government encouraged that, but they're not. They're saying, 'Hey, the best thing to do is go back to work, even though it might be risky,'" Royal Rose, 39, owner of a tattoo studio in Greeley, Colorado, told Reuters.

According to reports, the states have started easing lockdown without ensuring measures to trace the asymptomatic cases. Several health experts have warned that a hurry in easing lockdown may lead to a fresh wave of infections. Meanwhile, the White House said the jobless rate would be 16 per cent or higher this month. A record 26.5 million Americans have filed for unemployment since mid-March.

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Singapore warns against fake news as cases crosses 15,000

As 690 new COVID-19 cases were reported on Wednesday, Singapore warned against spreading fake news and videos about migrant workers, saying this could disturb the law and order situation in dormitories where a large number of foreign workers have tested positive. A total of 15,641 people, including 12,183 migrant workers, have contracted the virus in the city-state so far.

Law and Home Affairs Minister K Shanmugam warned that such videos can lead to serious law and order incidents. He said the authorities are watching individuals who spread the videos "very carefully". Warning those spreading fake news maliciously, he said, they will be charged if a crime was committed. Hundreds of thousands of foreign workers have been barred from leaving their cramped dormitories to curb the spread of COVID-19, according to a Channel News Asia report on Wednesday.

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Coronavirus outbreak: China reports only 1 new COVID-19 case

China, where the deadly coronavirus first emerged in December last, reported just one COVID-19 case, the National Health Commission (NHC) said on Saturday. The death toll remained at 4,633 with no new fatality. As of Friday, the total confirmed cases on the mainland were 82,875. As many as 77,685 patients have been recovered, the NHC said.

One new imported coronavirus case was reported on Friday with no new local infection, it said. China has reported a total of 1,671 imported COVID-19 cases, including seven in critical condition. The Hubei province and its capital Wuhan, the epicentre of the virus, have not reported any coronavirus case for 28 consecutive days since April 4, local health commission said on Saturday. Hubei also lowered its COVID-19 emergency response from the highest level to the second-highest on Saturday.

The lowering of the emergency level shows a major breakthrough in Hubei's prevention and control against the coronavirus, Hubei Vice-Governor Yang Yunyan told media. Meanwhile, 20 new asymptomatic cases were reported on Friday, taking the total number of such patients to 989. Asymptomatic cases refer to people who are tested COVID-19 positive but develop no symptoms such as fever, cough or sore throat. However, they pose a risk of spreading the disease to others.

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Russia reports record 10K new cases

Russia reported more than 10,000 new cases of coronavirus infections on Sunday, the first time the country's daily tally reached five figures."More than half of the 10,633 new cases reported were in Moscow, where concern is rising about whether the capital's medical facilities will be overwhelmed. Russia has recorded more than 1,34,000 coronavirus infections overall and 1,420 deaths."

150 test positive in Kabul
Afghanistan's public health ministry announced Sunday that 500 random Coronavirus tests in the capital revealed more than 150 positive results, raising fears that the virus may be spreading faster than originally thought.

Ministry spokesman Wahid Mayar called the results from Kabul "concerning" and said people must remain in their homes to slow the spread. He said the country's actual infection rate would likely increase as testing becomes more available. Afghanistan has thus far taken close to 12,000 samples, of which over 2,700 have been positive, and 85 have died.

Kabul and most other cities are in lockdown. Afghanistan has also received more than 250,000 refugees who have returned from Iran, the country hardest hit by coronavirus in the region. There are growing fears that the country's health care system, devastated by four decades of war, will be woefully unprepared for a major outbreak.

Pakistan's COVID-19 tally crosses 19,000

Pakistan's COVID-19 tally crossed 19,000 on Sunday after 989 new patients were diagnosed in the past 24 hours. The Ministry of National Health Services said 23 patients died in this period, taking the total toll to 440. The authorities so far have conducted 2,03,025 tests, including 8,716 in the last 24 hours. Prime Minister Imran Khan on Saturday said he was not sure when the anti-COVID-19 vaccine will be available and expressed fears that "we may have to live with the virus for six months or (even) a year". He said the war against the pandemic can be won by wisdom and not by using force to shut down the masses.

657 more infected in Singapore

Singapore on Sunday recorded 657 new cases, over 600 of whom are foreign workers, taking the total number of COVID-19 infections to 18,205. "The number of cases among migrant workers has been fluctuating in recent days due to clearance of backlogged cases by one laboratory," the Health Ministry said. Singapore will allow some businesses to reopen from May 12.

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Press Centre - Three islands receive EU Prize for innovative renewable energy solutions

[Source: Research & Innovation] The Danish island of Bornholm is the first ever winner of the EU RESponsible Island Prize. The Danish island won the title in recognition for its innovative energy solutions and its contribution to a sustainable and climate-friendly Europe, the European Commission announced today. The second prize went to the island of Samsø, also in Denmark, and the third prize to the Orkney Islands in the United Kingdom.




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Research Headlines - New microscope technology sharpens the focus on viruses

[Source: Research & Innovation] EU-funded researchers have employed quantum physics to develop an optical microscope that opens up the potential to view the tiniest of objects - including many viruses - directly for the first time.




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Tax-News.com: India, Hong Kong Sign Double Tax Deal

Hong Kong and India on March 19 signed an agreement to avoid double taxation and limit withholding tax rates on passive income at source.




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Tax-News.com: PwC India Urges GST Regime Simplification

PwC India has called for simplification of India's goods and services tax regime, in a report to mark 200 days since the regime entered into force.




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Tax-News.com: India Consults Taxpayers On Income Tax Law Reform

India has launched a consultation on efforts to reform the country's 1961 income tax law, to be led by a newly constituted task force.




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Tax-News.com: India Defers Surrogate Entity CbC Reporting Deadline

The Indian Central Board of Direct Taxes has issued a statement to defer the filing obligation on surrogate parent entities with regards to country-by-country reporting.




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Tax-News.com: India Adds BEPS Provisions To Qatar Tax Treaty

India has approved amendments to its double tax agreement with Qatar.




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Tax-News.com: India To Expand GST E-Way Bill Pilot

The Indian Government has provided an update on the roll-out of the e-Way Bill system, which was introduced on April 1, 2018, confirming it will be extended to another five states from April 15, 2018.




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Tax-News.com: India Consults On Advance Pricing Agreement Regime Changes

India's Central Board of Direct Taxes has launched a consultation on changes to the country's tax ruling process and forms to enable the country to exchange information on tax rulings with other countries' tax authorities, as proposed by the OECD in its base erosion and profit shifting (BEPS) project.




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Tax-News.com: India Announces Plans To Simplify GST Filing, Overhaul Refund System

Meeting on May 4, 2018, India's GST Council approved plans to simplify GST filing obligations.




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Tax-News.com: India To Expedite Resolution Of Tax Disputes In June

India's Central Board of Direct Taxation announced on June 7, 2018, that during the first two months of June tax officials have been tasked with resolving disputes with taxpayers.




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Tax-News.com: Switzerland To Hand Over HSBC Data To India

India is to receive bank account information from HSBC, after Switzerland's highest court ruled that the bank is obligated to provide data requested where the leaked data has not been purchased.




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Tax-News.com: Switzerland, India To Share Tax Data, Conclude FTA

Officials from Switzerland and India have discussed the automatic exchange of tax information and free trade.




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Tax-News.com: Indian GST Council Endorses GST Rate Changes For Housing

India's GST Council has decided on a number of goods and services tax regime amendments to boost the availability of affordable housing in the country.




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Tax-News.com: Indian GST Regime Changes Effective April 1

A number of goods and services tax regime amendments, intended to simplify compliance for traders, will become effective in India from April 1, 2019.




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Tax-News.com: India Finalizes Details Of New Real Estate GST Regime

India's GST Council has put flesh on the bones of its plans to introduce a new goods and services tax regime for real-estate transactions.




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Tax-News.com: India Introduced GST Changes On April 1

A number of goods and services tax regime amendments, intended to simplify compliance for traders, became effective in India from April 1, 2019.