ECJ strikes down George Osborne’s FTT challenge George Osborne, the Chancellor of the Exchequer, has lost his appeal against a European financial transaction tax (FTT), but further challenges over the substantive issues are expected. By Aaran Fronda April 30 2014
Thailand considers VAT hike to plug revenue gap Finance Minister Kittiratt Na Ranong has stated that tax revenue for the year is down, prompting the government to consider a rise in VAT. By Aaran Fronda April 29 2014
European Commission tells Dutch authorities to stop unequal taxation of foreign insuran... The European Commission has told the Netherlands to end the biased taxation of Dutch-sourced dividends paid to EU/EEA insurance companies. By Aaran Fronda April 25 2014
Wednesday is decision day for European Court on UK financial transaction tax challenge In a move that could bring the political discussion to a head much sooner than expected, The European Court of Justice has brought forward its ruling on the UK’s challenge... By Aaran Fronda April 25 2014
Italian trading volumes plummet after introduction of FTT Trade in Italian equities has fallen by 30% since the country introduced the controversial financial transaction tax, according to Credit Suisse. By Aaran Fronda April 23 2014
OECD to outline new VAT guidelines The OECD will set out new international guidelines at the Global Forum on VAT in Tokyo on April 17 - 18. By Aaran Fronda April 16 2014
BT’s bad debt relief claim made too late, UK court rules The Court of Appeal rejected BT’s £62 million ($104 million) claim for VAT bad debt relief after ruling that the transitional period to make claims had expired. By Aaran Fronda April 16 2014
Reed vows to appeal UK court decision on “employed temps” Reed Employment, a UK employment agency, could have to pay £158 million in unpaid tax due on the salaries of temporary workers, after a tax tribunal decision went against it. By Aaran Fronda April 14 2014
Malaysian Parliament approves GST Bill The lower house of the Malaysian Parliament has passed the GST Bill, with only the approval of the upper chamber now needed for its implementation. By Aaran Fronda April 09 2014
EU to scrap customs duties on Ukrainian imports The European Commission plans to slash customs duties on Ukrainian agricultural produce, steel, iron, and machinery imports by more than 98%. By Aaran Fronda April 09 2014
