tax Tax-News.com: Ontario Withdraws Support For Canadian Carbon Taxes By www.tax-news.com Published On :: Mon, 16 Jul 2018 00:00:00 GMT Ontario's new government has scrapped the province's cap-and-trade carbon pricing regime, effective July 3. Full Article
tax Tax-News.com: Canada Revenue Agency To Improve Digital Platform By www.tax-news.com Published On :: Fri, 28 Sep 2018 00:00:00 GMT 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. Full Article
tax Tax-News.com: Canada To Push Ahead With Carbon Tax Plans By www.tax-news.com Published On :: Mon, 29 Oct 2018 00:00:00 GMT Canada's federal Government has announced that it will impose a carbon price in Ontario, New Brunswick, Manitoba, and Saskatchewan in 2019. Full Article
tax Tax-News.com: OECD States Tapped VAT, CIT To Achieve Record Revenues In 2017 By www.tax-news.com Published On :: Fri, 7 Dec 2018 00:00:00 GMT 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. Full Article
tax Tax-News.com: Canadian Tax Regime To Be Enhanced From 2019 By www.tax-news.com Published On :: Fri, 28 Dec 2018 00:00:00 GMT 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. Full Article
tax Tax-News.com: Canada Launches Tax Filing Season By www.tax-news.com Published On :: Tue, 26 Feb 2019 00:00:00 GMT On February 19, the Canada Revenue Agency officially opened the 2019 tax filing season. Full Article
tax Tax-News.com: Canada's 2019 Budget Focuses On Real Estate Tax Compliance By www.tax-news.com Published On :: Tue, 26 Mar 2019 00:00:00 GMT Canadian Finance Minister Bill Morneau has made tax non-compliance in the real-estate market a major focus of his 2019 Budget. Full Article
tax Tax-News.com: Canada Ratifies BEPS MLI By www.tax-news.com Published On :: Fri, 5 Jul 2019 00:00:00 GMT On June 21, 2019, Canada ratified the BEPS multilateral convention, to introduce amendments to its network of tax treaties to prevent abuse. Full Article
tax Tax-News.com: Canada To Legislate For Budget Tax Reforms By www.tax-news.com Published On :: Thu, 8 Aug 2019 00:00:00 GMT The Canadian Government is consulting on draft legislative proposals to implement a number of tax measures announced in the 2019 Budget. Full Article
tax Tax-News.com: Mexico Ratifies New North American Free Trade Deal By www.tax-news.com Published On :: Thu, 8 Aug 2019 00:00:00 GMT 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. Full Article
tax Tax-News.com: Trudeau Makes Election Pledge On Canadian Taxes By www.tax-news.com Published On :: Fri, 27 Sep 2019 00:00:00 GMT The Canadian Liberal Party has announced plans to reduce the income tax burden by raising the Basic Personal Amount. Full Article
tax Tax-News.com: Most Europeans Want Tougher Action Against Tax Fraud By www.tax-news.com Published On :: Wed, 3 Aug 2016 00:00:00 GMT Three-quarters of Europeans want the European Union to do more to tackle tax evasion, according to a new survey by Eurobarometer. Full Article
tax Tax-News.com: EU Criticizes France's Inefficient VAT System By www.tax-news.com Published On :: Fri, 5 Aug 2016 00:00:00 GMT 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. Full Article
tax Tax-News.com: India Cabinet Agrees Cypriot Tax Treaty Changes By www.tax-news.com Published On :: Thu, 25 Aug 2016 00:00:00 GMT 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. Full Article
tax Tax-News.com: HMRC Warns Against Use Of New CGT Avoidance Scheme By www.tax-news.com Published On :: Mon, 19 Sep 2016 00:00:00 GMT 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. Full Article
tax Tax-News.com: European Parliament Begins Panama Papers Inquiry By www.tax-news.com Published On :: Wed, 28 Sep 2016 00:00:00 GMT The European Parliament has begun its inquiry into the Panama Papers with a hearing with the investigative journalists behind the leak. Full Article
tax Tax-News.com: Italian Police Breaks Up Europe-Wide VAT Fraud Ring By www.tax-news.com Published On :: Fri, 14 Oct 2016 00:00:00 GMT 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. Full Article
tax Tax-News.com: Tax Rose In 20 EU States In 2015, Says Eurostat Report By www.tax-news.com Published On :: Wed, 9 Nov 2016 00:00:00 GMT The European Union statistics agency, Eurostat, has released new figures concerning member states' tax revenue collections and their tax mixes for 2015. Full Article
tax Tax-News.com: Cyprus, India Tax Treaty To Take Effect In 2017 By www.tax-news.com Published On :: Wed, 28 Dec 2016 00:00:00 GMT 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. Full Article
tax Tax-News.com: Tax 'Lost' In Panama Papers Worth Up To EUR237bn For EU By www.tax-news.com Published On :: Tue, 2 May 2017 00:00:00 GMT 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. Full Article
tax Tax-News.com: New EU Agency To Pursue VAT Fraudsters By www.tax-news.com Published On :: Fri, 9 Jun 2017 00:00:00 GMT 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. Full Article
tax Tax-News.com: Cyprus Opens New Tax Amnesty For Past Tax Dues By www.tax-news.com Published On :: Fri, 14 Jul 2017 00:00:00 GMT Cyprus's Tax Department has released details of a tax amnesty, which entered into force on July 3, 2017. Full Article
tax Tax-News.com: Cyprus Should Reinstate Immovable Property Tax: IMF By www.tax-news.com Published On :: Mon, 9 Oct 2017 00:00:00 GMT Cyprus should consider reinstating the immovably property tax to boost revenues, the International Monetary Fund has said. Full Article
tax Tax-News.com: Cyprus Extends Deadline For CbC Reporting Entity Notification By www.tax-news.com Published On :: Thu, 14 Dec 2017 00:00:00 GMT 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. Full Article
tax Tax-News.com: EU Reports On States' Tax Reforms In 2017 By www.tax-news.com Published On :: Wed, 27 Dec 2017 00:00:00 GMT 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. Full Article
tax Tax-News.com: Cyprus, Saudi Arabia Negotiate Double Tax Agreement By www.tax-news.com Published On :: Thu, 4 Jan 2018 00:00:00 GMT 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. Full Article
tax Tax-News.com: New Cypriot E-Payment Obligation From June 2018 By www.tax-news.com Published On :: Thu, 3 May 2018 00:00:00 GMT Cyprus's Department of Taxation said recently that it will accept only electronic payment for the main tax heads from June 1, 2018. Full Article
tax Tax-News.com: Cyprus Issues New CbC Filing Notification By www.tax-news.com Published On :: Fri, 28 Sep 2018 00:00:00 GMT 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. Full Article
tax Tax-News.com: EU Approves New Tonnage Tax Schemes By www.tax-news.com Published On :: Tue, 31 Dec 2019 00:00:00 GMT 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. Full Article
tax Tax-News.com: Cyprus Extends Tax Compliance Dates In Light Of COVID-19 By www.tax-news.com Published On :: Wed, 15 Apr 2020 00:00:00 GMT The Cyprus Government has announced a number of extensions to tax return filing dates. Full Article
tax Tax-News.com: China Objects To New EU's Anti-Dumping Regime By www.tax-news.com Published On :: Thu, 28 Dec 2017 00:00:00 GMT China's Ministry of Commerce has objected to the EU's new anti-dumping methodology, claiming that it violates World Trade Organization rules. Full Article
tax Tax-News.com: India To Probe Chinese 'Dumping' Of Fluoroelastomers By www.tax-news.com Published On :: Wed, 3 Jan 2018 00:00:00 GMT India's Department of Commerce has initiated an anti-dumping investigation into Fluoroelastomers from China. Full Article
tax Tax-News.com: USITC Confirms Countervailing Duties On Tubing From China, India By www.tax-news.com Published On :: Thu, 11 Jan 2018 00:00:00 GMT The United States International Trade Commission will issue countervailing duty orders on imports of cold-drawn mechanical tubing from China and India, after determining that they are causing material injury to US manufacturers. Full Article
tax Tax-News.com: Fraud At Record Levels, New BDO Report Says By www.tax-news.com Published On :: Tue, 16 Jan 2018 00:00:00 GMT 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. Full Article
tax Tax-News.com: India Mulling Tax On Foreign Solar Products By www.tax-news.com Published On :: Thu, 18 Jan 2018 00:00:00 GMT India is proposing to levy a safeguard duty of 70 percent on imports of solar-power equipment from China and Malaysia. Full Article
tax Tax-News.com: French Workers In 'Third Countries' Liable For Social Security By www.tax-news.com Published On :: Thu, 18 Jan 2018 00:00:00 GMT Income from assets of French nationals who work in a state other than a member state of the EU, the European Economic Area or Switzerland may be subject to French social security contributions, the European Court of Justice has ruled. Full Article
tax Tax-News.com: US Slaps 'America First' Duties On Foreign Solar Goods, Washers By www.tax-news.com Published On :: Wed, 24 Jan 2018 00:00:00 GMT US President Donald Trump has approved safeguard tariffs on imported large residential washing machines and imported solar cells and modules. Full Article
tax Tax-News.com: Hong Kong To Soon Join OECD's Multilateral Tax Compact By www.tax-news.com Published On :: Fri, 2 Feb 2018 00:00:00 GMT Hong Kong on February 2, 2018, ratified an Ordinance to enable the territory to soon join the OECD's Multilateral Convention on Mutual Administrative Assistance in Tax Matters and thereby more simply and more broadly agree to exchange tax information with other countries' tax authorities. Full Article
tax Tax-News.com: China 'Has Slashed Business Taxes By CNY2.5tn Since 2012' By www.tax-news.com Published On :: Tue, 6 Feb 2018 00:00:00 GMT The Chinese tax administration has reported that businesses have saved CNY2 trillion (USD317.8bn) following the replacement of business tax with value-added tax, beginning in 2012. Full Article
tax Tax-News.com: China Sets Out How To Determine Beneficial Owner For Treaties By www.tax-news.com Published On :: Tue, 13 Feb 2018 00:00:00 GMT On February 3, 2018, China's State Administration of Taxation set out new rules on the disallowance of tax treaty benefits where an entity fails to demonstrate it is the beneficial owner of Chinese assets from which passive income is derived. Full Article
tax Tax-News.com: First Chinese 'Environment Tax' Reports Due April 1 By www.tax-news.com Published On :: Tue, 6 Mar 2018 00:00:00 GMT About 260,000 businesses with operations in China will begin to be assessed for liability to the country's new environmental tax starting next month. Full Article
tax Tax-News.com: EU Extends Anti-Dumping Tariffs On Chinese Steel By www.tax-news.com Published On :: Wed, 7 Mar 2018 00:00:00 GMT The EU is to apply existing anti-dumping measures on Chinese imports of seamless pipes and tubes of stainless steel for another five years. Full Article
tax Tax-News.com: China Will Open Up To Foreign Investment, Lower Import Tariffs By www.tax-news.com Published On :: Wed, 7 Mar 2018 00:00:00 GMT China plans to actively expand imports and open up to foreign investment by reducing tariffs and taxes, according to a work report released by the Government ahead of the annual parliamentary session. Full Article
tax Tax-News.com: Chinese Property Tax On The Cards By www.tax-news.com Published On :: Tue, 13 Mar 2018 00:00:00 GMT Chinese authorities are working on a long-awaited property tax to cool the country's overheated property market, according to a senior government official. Full Article
tax Tax-News.com: Denmark Tops Tax Burden League Table By www.tax-news.com Published On :: Wed, 14 Mar 2018 00:00:00 GMT Denmark was found to have the heaviest burden of taxation as a percentage of the economy in a new study by accountancy firm UHY. Full Article
tax Tax-News.com: UK Updates VAT Guidance For Online Marketplaces By www.tax-news.com Published On :: Mon, 19 Mar 2018 00:00:00 GMT HM Revenue and Customs has updated its value-added tax guidance for online marketplaces and for suppliers using them to sell to UK consumers. Full Article
tax Tax-News.com: First Deadline For Chinese Environmental Tax Approaching By www.tax-news.com Published On :: Mon, 26 Mar 2018 00:00:00 GMT The first returns under China's new environmental tax are due online by April 1, 2018. Full Article
tax Tax-News.com: China's New FM Confirms Tax Cut Plans By www.tax-news.com Published On :: Mon, 26 Mar 2018 00:00:00 GMT China's new Finance Minister, Liu Kun, has announced plans to reform the nation's taxation system, including value-added tax rate reductions. Full Article
tax Tax-News.com: China Cuts VAT To Fuel Economic Growth By www.tax-news.com Published On :: Mon, 2 Apr 2018 00:00:00 GMT China's State Council has announced a cut in value added tax rates as part of a CNY400bn (USD63bn) tax reduction package to stimulate growth. Full Article
tax Tax-News.com: OECD Releases More Transfer Pricing Country Guides By www.tax-news.com Published On :: Thu, 12 Apr 2018 00:00:00 GMT 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. Full Article