UK consults on cultural test for games tax relief The UK government has opened a consultation period for tax executives and practitioners to comment on the design of a cultural test for eligibility to benefit from certain tax reliefs... By Matthew Gilleard October 09 2012
Finland softens interest deduction restriction Earlier this year, the Finnish government announced its intention to introduce an interest deduction limitation for companies. The EBITDA-based interest deduction limitation proposal was met with opposition from various lobbyists,... By Matthew Gilleard October 09 2012
Netherlands confirms VAT hike As announced in April’s interim budget, the Netherlands has raised the VAT rate by two percentage points, from 19% to 21%. The rate is effective from October 1. By Matthew Gilleard October 05 2012
ABA wants more IRS guidance on related-party guarantees The Section of Taxation of the American Bar Association (ABA) has written to IRS Commissioner Doug Shulman with recommendations for guidance on the transfer pricing of related-party guarantees. By Matthew Gilleard October 04 2012
France and Spain reveal 2013 budgets France has unveiled its 2013 budget, which contains tax hikes for large companies on top of the controversial and much-discussed 75% top tax rate for individuals earning more than €1... By Matthew Gilleard October 02 2012
What Obama and Romney agree on Tomorrow night’s televised debate between President Barack Obama and Republican presidential candidate Mitt Romney is likely to see the two men reiterate the ways in which they differ from one... By Matthew Gilleard October 02 2012
India awaits final Shome committee report The Parthasarathi Shome-led committee appointed by the Indian government to assess the merits of a general anti-avoidance rule (GAAR) in the country, as well as to assess the appropriateness of... By Matthew Gilleard October 02 2012
Business becoming impatient over Australian reform Despite reiterating that a corporate tax cut is a top priority, Australia is yet to reduce the headline rate, and now the Business Council of Australia (BCA) has urged the... By Matthew Gilleard October 02 2012
Serbian parliament passes VAT amendments The Serbian parliament on Tuesday passed amendments to the VAT law which increase the rate by two percentage points, from 18% to 20%. By Matthew Gilleard September 28 2012
