Why the Netherlands is following the UK with a bank tax The Dutch government has followed steps taken by the UK and unveiled plans to tax banks and other financial institutions. The new levy is expected to generate €300 million ($391... By Matthew Gilleard December 20 2011
US clarifies branch rules for CFCs The US IRS and Treasury last week finalised regulations dealing with the branch rules of the Internal Revenue Code, with implications for controlled foreign corporations (CFCs) and their US shareholders. By Matthew Gilleard December 20 2011
Expect more cuts in Brazil following IOF reduction This month’s decision by the Brazilian government to reduce the financial transactions (IOF) tax rates on the exchange of currency into Brazilian reals for investments in the Brazilian financial and... By Matthew Gilleard December 20 2011
Australia finalises investment manager regime The Australian government’s plan to build the country’s reputation as a global financial services centre took a step forward last week when it finalised the country’s investment manager regime (IMR). By Matthew Gilleard December 19 2011
UPDATE: Australia’s mining tax continues to come under fire Julia Gillard’s Australian government continues to face strong criticism from business with regards to the controversial minerals resource rent tax (MRRT). By Matthew Gilleard December 09 2011
US examines future tax treatment of financial products The Senate Finance Committee and the House Ways and Means Committee met yesterday for a joint hearing to assess what the future holds for the tax treatment of financial products... By Matthew Gilleard December 07 2011
Australia seeks to clarify taxation of trusts Assistant Treasurer Bill Shorten has released a discussion paper that deals with possible reform of the taxation of trusts, which he says will give more than 660,000 trusts the opportunity... By Matthew Gilleard December 06 2011
South Korea to give mid-sized companies lower tax rate The South Korean government intends to reduce the top marginal corporate tax rate from 22% to 20% in 2012 for businesses with a taxable income of between W200 million ($178,000)... By Matthew Gilleard December 06 2011
LEGISLATION DAY: UK reveals CFC and patent box reforms The UK Treasury has today released details on its plans to reform its controlled foreign companies (CFC) rules as well as issuing details on the country’s new patent box. By Matthew Gilleard December 06 2011
