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Tax-News.com: IRS's New Enforcement Initiatives Are Aimed At Individuals

On July 19, 2019, the United States Internal Revenue Service Large Business and International Division announced six additional compliance campaigns.




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Tax-News.com: LLB-Switzerland Signs US Non-Prosecution Agreement

On August 5, 2019, the US Department of Justice announced that Swiss bank LLB Verwaltung (Switzerland) AG has agreed to pay a penalty of USD10.6m to resolve a case in which it was accused of helping US clients to conceal income.




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Tax-News.com: New Zealand To Remove Low-Value Consignment Relief

New Zealand is to introduce GST on low-value goods sold by overseas retailers from December 1, 2019.




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Touch-screens That can Sense Hand Movements

Scientists at Microsoft Corporation's lab in the UK have developed a prototype interactive touch-screen that can see and recognize one's hand movements and anything near its surface.




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Government Issues Dengue Alert In Odisha

The Odisha Government has notified the Managing Director of Industrial Development Corporation Organization (IDCO), all district Collectors and industrial




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New Stem Cell Treatment For Myocardial Infarction

Highights: Mussels help in treating myocardial infarction (MI) A protein from mussels and stem cells help t




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Watch Out: Deadly Coronavirus may Lurk in Kids' Toys and Play Equipment

Highlights: COVID-19 can stick on to kids' toys and play equipment Parents must advice your naughty little




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Physical Activity Beneficial for Mental Well-Being in Postmenopausal Women

Highlights: Physical activity helps reduce depressive symptoms in postmenopausal women Postmenopausal w




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Iron-Biofortified Beans Improve Health of Anemic Women

Highlights: A diet of high-iron beans could improve the health of anemic women Currently, iron-biofortified




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Mapping Health Risks for People With Mental Disorders: Study

Highlights: People with mental disorders are more likely to develop other health conditions Mapping the




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Potato Power: High Quality Protein in Spuds Build Women's Muscle

Highlights: Potato can be a source of high-quality protein Including potato to your daily diet can build




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Is It Safe to Have a Second IVF Baby After Fertility Treatment for the First?

Highlights: Women can successfully have a second in vitro fertilisation (IVF)baby IVF is also known as assi




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Tax-News.com: European Parliament Begins Panama Papers Inquiry

The European Parliament has begun its inquiry into the Panama Papers with a hearing with the investigative journalists behind the leak.




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Tax-News.com: Cyprus, Saudi Arabia Negotiate Double Tax Agreement

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.




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Tax-News.com: New Cypriot E-Payment Obligation From June 2018

Cyprus's Department of Taxation said recently that it will accept only electronic payment for the main tax heads from June 1, 2018.




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Tax-News.com: First Chinese 'Environment Tax' Reports Due April 1

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.




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Tax-News.com: China Will Open Up To Foreign Investment, Lower Import Tariffs

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.




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Tax-News.com: First Deadline For Chinese Environmental Tax Approaching

The first returns under China's new environmental tax are due online by April 1, 2018.




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Aspirin a Day Does Not Keep Dementia at Bay, Says Study

Daily dose of aspirin provided no benefit to study participants at either preventing dementia or slowing cognitive decline, stated study published in




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Knowledge on Asthma Medications Improve Future Treatment

X-ray CT scanning helps to quantify the tiny microstructures of individual particles from the drug products used for asthma at the nano-scale, according




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PCSK9 Inhibitor With Statin Does Not Cause Loss in Memory, Mental Skills in High-risk Patients: Study

In heart disease patients, taking evolocumab in addition to a statin to achieve extremely low levels of cholesterol do not show higher incidence of neurocognitive




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How Acid Suppressants Raise the Risk of Dementia Explained

How the long-term use of proton pump inhibitors could increase the risk of developing dementia has been explained in a study published in the journal iAlzheimer's (and) Dementia/i.




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Tax-News.com: Italy Lists Companies Covered By VAT Split Payment Regime

The Italian Department of Finance has released new lists of government and private sector entities covered by Italy's split-payment mechanism.




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Tax-News.com: Italian Government Approves Draft Budget

On October 16, 2019, the Italian Council of Ministers approved the draft Budget law for 2020, which will prevent an automatic rise in the rate of value-added tax, and includes further measures designed to combat tax avoidance and evasion.




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Tax-News.com: Italy To Support Armenia To Implement BEPS Reforms

Tax officials in Armenia are to receive support from the Italian Revenue Agency to implement initiatives to tackle tax base erosion and profit shifting.




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Tax-News.com: EU Invites Comments On Italian Port Taxation

An invitation to submit comments with regards to the corporate tax exemption provided to ports in Italy was published in the January 10, 2020, issue of the Official Journal of the European Union.




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Tax-News.com: Italy Suspends Tax Assessments Over COVID-19

On March 12, 2020, the Italian Revenue Agency announced the suspension of its audit activities in light of the COVID-19 outbreak.




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Tax-News.com: IRS Offers Settlement Scheme To Micro-Captives

On September 16, 2019, the United States Internal Revenue Service announced the mailing of a time-limited settlement offer for certain taxpayers under audit who participated in abusive micro-captive insurance transactions.




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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: Austrian Parliament Approves Digital Tax

On September 19, 2019, the lower house of the Austrian parliament approved the first part of a package of tax reforms that will introduce a digital tax as well as bring about changes to certain value-added tax rules.




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Tax-News.com: France To Introduce VAT Requirements For Online Marketplaces

On September 23, 2019, the French Government outlined a number of measures that will be included in the 2020 Finance Law to ensure the payment of value-added tax on items bought by French residents from online marketplaces.




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Tax-News.com: Czech Government Approves Digital Tax

On November 18, 2019, the Government of the Czech Republic announced that it has agreed on a draft law to introduce a tax on digital services, which will now be submitted to parliament.




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Tax-News.com: Norway Ready To Implement Digital Tax

Norway's Minister of Finance, Siv Jensen, has said that Norway will adopt a national digital services tax if negotiations towards an international digital tax framework fail to materialize this year.




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Tax-News.com: France Confirms Postponement Of DST Payments

France's Directorate General of Public Finance confirmed in a statement issued on February 10, 2020, that companies liable for the country's digital services tax can delay payment of upcoming installments of the tax until December 2020.




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Tax-News.com: EU Finance Ministers Issue Joint Statement On Digital Taxation

The finance ministers of France, Germany, Italy, and Spain have put their names to a statement calling for countries to reach an agreement on solving the tax challenges of the digital economy by the end of 2020.




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Tax-News.com: Advance Pricing Agreements 'At Record High' In EU

The number of advance pricing agreements between EU member states and companies rose by 64 percent from 2015 to 2016, according to research by Eurodad.




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Tax-News.com: IMF Recommends Tax Reforms For Malta

The IMF has said that Malta should look for ways to diversify its tax base and strengthen tax revenues.




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Tax-News.com: Belgium Accepting Amendments To Filed CbC Reports

Belgium's tax agency has announced that its MyMinfin portal is now open for multinational taxpayers seeking to correct errors in filed country-by-country reports.




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Tax-News.com: Belgium Requires Rounding For Cash Payments

On December 9, 2019, the Belgian Federal Public Finance Service reminded vendors that since December 1, 2019, they are required to round off cash payments to the nearest five cents.




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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: EU Member States Slow To Implement VAT Quick Fixes

The European Commission has launched infringement proceedings against 14 member states for failing to implement the so-called value-added tax quick fixes.




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Tax-News.com: Hong Kong Tables Bill For Research And Development Tax Breaks

The Hong Kong Government has released a draft bill containing its 2017 proposal to provide an enhanced tax deduction for research and development expenditure.




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Tax-News.com: HK Government Studying Vacant Property Tax

Hong Kong's Government says it is studying the feasibility of introducing a tax on vacant "first-hand" private residential properties.




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Tax-News.com: Hong Kong's Parliament Endorses Improved R And D Tax Breaks

Hong Kong's Legislative Council has passed legislation to improve the jurisdiction's tax incentives for research and development spending.




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Tax-News.com: Costa Rica Clarifies Amendments To Non-Cooperative Tax List

Costa Rica's Ministry of Finance has released a statement clarifying its decision to exclude a number of territories with low effective income tax rates from its list of non-cooperative territories.




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Tax-News.com: Switzerland To Amend Withholding Tax Act

The Swiss Federal Council has launched a consultation on proposals to close what it says is a loophole in the withholding tax system, in a bid to strengthen the country's debt market.




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Tax-News.com: Japanese Election Result Cements Future Sales Tax Hike

Japan's proposed sales tax hike is expected to go ahead as planned in 2019 after a landslide win by incumbent Prime Minister Shinzo Abe.




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Tax-News.com: Japan, Iceland Sign Double Tax Agreement

Japan's Ministry of Finance has reported the signing of a double tax agreement with Iceland in Reykjavik.




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Tax-News.com: Agreement Reached On New Trans-Pacific Partnership

Ministers from 11 countries have announced their agreement upon the "core elements" of a new Comprehensive and Progressive Agreement for Trans-Pacific Partnership.




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Tax-News.com: IRS Reports Uptick In Advance Pricing Agreements

The US Internal Revenue Services has released its annual report on the number of advance pricing agreements and applications and made during the 2017 calendar year.