This content is from: China's resource tax to go nationwide China's finance minister has confirmed that, after a successful six month trial, the country's first resource tax is to be rolled out nationwide over the next five years. By Jack Grocott January 31 2011
This content is from: OECD elects new fiscal affairs chairman The OECD has revealed that Masatsugu Asakawa is to be appointed the new chairman of its Committee on Fiscal Affairs (CFA). By Matthew Gilleard January 31 2011
This content is from: President Obama uses state of the union to call for corporate tax overhaul Last night's 2011 state of the union address 2011 gave the world a quick and broad glimpse into the changes President Obama wants to see in the US tax system. January 27 2011
This content is from: Ireland’s Mandatory Disclosure Regulations come into effect Ireland has followed the UK, Canada and the US, in introducing a reporting obligation for certain transactions which create a tax advantage. By Salman Shaheen January 27 2011
This content is from: Hong Kong and New Zealand strengthen ties with new tax treaty and economic partnership ... The new comprehensive double tax agreement (CDTA) between Hong Kong and New Zealand exempts non-property holding companies from capital gains tax on alienation of shares, without any requirement on holding period or p... By Matthew Gilleard January 26 2011
This content is from: House Ways and Means ignites debate on lower corporate tax rate Republicans and Democrats agree that the the country’s tax system is in dire need of repair. January 25 2011
This content is from: Guidelines issued on unclear German property transfer tax In January 2010, German government abolished property transfer tax in cases of companies undergoing a restructuring. By Matthew Gilleard January 25 2011
This content is from: Nelson boosts DLA Piper Asia team Stephen Nelson has joined DLA Piper as partner in the firm’s Asia tax team. He will be based in Hong Kong. January 25 2011
This content is from: Political turmoil will not derail Irish tax measures The Irish Revenue has confirmed that the tax measures in the Finance Bill, which include changes to the securitisation regime, will go ahead, despite the general election next month. By Salman Shaheen January 25 2011
This content is from: IRS to extend CAP to all large businesses The Internal Revenue Service (IRS) is expected to expand its Compliance Assurance Programme (CAP) for large business taxpayers. January 25 2011
This content is from: UK Treasury Committee takes evidence on tax policy One of the authors of a review of the UK tax system told politicians today that the distinction between the treatment of debt and equity financing was not good for business. By Matthew Gilleard & Salman Shaheen January 25 2011
This content is from: Foreign fund managers win tax exemption in Australia Foreign funds with a local agent will not have to pay tax, the Australian government has confirmed. By Jack Grocott January 25 2011
This content is from: EU urges Spain to abolish tax scheme favouring foreign acquisitions The European Commission (EC) has told Spain that it must scrap a 2002 provision of its corporate tax law which provides an advantage to Spanish companies making acquisitions in non-EU countries. January 21 2011
This content is from: Australian government consults on Tax System Advisory Board The Australian government announced details of the consultation on establishing a Tax System Advisory Board (TSAB) today. By ITR Correspondent January 21 2011
This content is from: EU commissioner's group tackles financial sector taxation Today’s meeting of the EU’s Tax Policy Group (TPG) discussed options for taxing the financial sector. By Salman Shaheen January 19 2011
This content is from: Final 9/11 Act sends excise tax burden overseas The final James Zadroga 9/11 Health and Compensation Act of 2010, HR 847, was signed into law by President Obama earlier this month, finally putting some US businesses at ease. January 18 2011
This content is from: Labour slams UK government tax policy In a keynote speech on business and growth, John Denham, the opposition Secretary of State for Business Innovation and Skills, attacked the UK government for lacking a tax policy to boost the economy. By Salman Shaheen January 18 2011
This content is from: Exclusive: European Commissioner Šemeta backs FAT In a speech to the European Parliament last week, Algirdas Šemeta, European Commissioner for Taxation and Customs Union, Audit and Anti-Fraud, supported the “promising option” of a financial activities tax (FAT). In a... By Salman Shaheen January 18 2011
This content is from: Financial firms get on board for country-by-country reporting The New Haven Declaration, an initiative of Global Financial Integrity (GFI) which calls for greater financial transparency to tackle tax evasion, has attracted the support of a number of asset management and research... By Salman Shaheen January 17 2011
This content is from: India authorities target avoidance by opening eight more offices abroad The Indian government has announced that it is to open eight overseas tax offices in an effort to improve tax information exchange and reduce tax evasion. January 12 2011
This content is from: Saudi Arabia issues clarification on withholding tax The Saudi government has clarified procedures for claiming withholding tax refunds after the publication of a notice on the topic last year. By Matthew Gilleard January 11 2011
This content is from: European bank levies heighten double taxation fears A report prepared for a meeting of the heads of EU governments last month shows that the profits of leading banks could be hit hard by new bank levies. By Salman Shaheen January 11 2011
This content is from: 112th House eager to modify US tax system The freshly sworn-in House of Representatives has already voted on regulatory reform in the new year that will affect the way in which tax and spending proposals become legislation in the US. January 11 2011
This content is from: Indonesia cuts taxes to stimulate growth of Islamic finance Indonesia has moved to boost Islamic finance by proposing a series of tax incentives for the sector. The incentives are likely to stimulate sukuk issuance. By Matthew Gilleard January 11 2011
This content is from: Companies urge European Commission to investigate Hungary’s “unjust” taxes Foreign investors in Hungary have criticised the country’s ‘crisis tax’ imposed on telecommunications, energy and retail firms, arguing that it targets them unfairly. By Matthew Gilleard January 10 2011
This content is from: Brazil kicks off 2011 with tax reform for games Brazil is gearing up for what could prove to be a very busy year in its infrastructure industry. January 07 2011
This content is from: IMF pledges $30 million to build tax systems from the bottom up The IMF has agreed to provide between 15 and 20 low and lower middle-income countries with around $30 million over five years to boost less developed tax systems across the globe. January 04 2011
