Hungary to introduce EU’s lowest corporate tax rate In a development that could bolster increased foreign investment into Hungary, the government has announced a cut to its standard corporate levy that will make it Europe’s lowest corporate tax... By Anjana Haines November 18 2016
Four foreign companies avoided Australian tax, High Court rules Four foreign companies will have to pay back millions in avoided taxes after losing a dispute over their tax residency statuses in the Australian High Court. By Anjana Haines November 18 2016
India’s Supreme Court rules entry taxes to be constitutional Businesses operating across India have been dealt a blow, after the Supreme Court ruled that entry taxes imposed by state governments on cross-border goods from other states are constitutional. By Anjana Haines November 18 2016
Advisers targeted in EU’s next tax plan The European Commission is planning to take action against advisers and intermediaries who facilitate tax evasion or avoidance, as it launches a consultation on the rules it should introduce. By Anjana Haines November 15 2016
Switzerland terminates withholding tax agreements with Austria and UK The withholding tax (WHT) agreement held by Switzerland with Austria and the UK will be terminated on January 1 2017, the Swiss authorities have announced. By Anjana Haines November 14 2016
ECOFIN reacts to EC’s corporate tax plans The EU Economic and Financial Affairs Council (ECOFIN) has weighed in on the European Commission’s (EC’s) proposals to target profit shifting opportunities used by the biggest multinational groups. By Anjana Haines November 09 2016
EU Council agrees on criteria to establish tax blacklist The EU Economic and Financial Affairs Council (Ecofin) has agreed on measures to help establish a tax blacklist of uncooperative jurisdictions. By Anjana Haines November 08 2016
China appoints new finance minister China’s Standing Committee of the National People’s Congress announced on November 7 that Xiao Jie will be the new Finance Minister, replacing the long-standing reformer Lou Jiwei. By Anjana Haines November 07 2016
India’s GST Council agrees on rates India’s GST Council has agreed on a rate structure for the country’s new goods and services tax (GST) regime, due to enter into force on April 1 2017. By Anjana Haines November 03 2016
Australia to amend non-resident withholding tax regime Non-resident taxpayers could be subject to a revised withholding tax regime on all their Australian-sourced income under proposals unveiled by the Treasury. By Anjana Haines November 03 2016
