Libor scandal underlines need for FTT, says Barroso European Commission President Jose Manuel Barroso said that the Libor scandal over interest rate derivatives has strengthened the case for a financial transactions tax (FTT). By Salman Shaheen June 05 2012
UK’s VAT u-turn highlights need for consistent EU system The UK government’s u-turn on its controversial decision to charge VAT on baked products served above room temperature highlights the inconsistencies and inefficiencies of the European VAT system. By Salman Shaheen May 31 2012
Israel set to raise VAT on OECD’s recommendation The OECD has recommended that Israel consider a VAT increase, which advisers believe may come next month. By Salman Shaheen May 31 2012
Commission recommends indirect tax reform for EU’s largest economies As part of its wide-ranging annual check-up on member states’ progress towards their Europe 2020 targets for growth, the Commission has recommended indirect tax reforms in the EU’s leading economies. By Salman Shaheen May 31 2012
Clare Short talks country-by-country reporting and the Extractive Industries Transparen... EXCLUSIVE: Clare Short, chair of the Extractive Industries Transparency Initiative (EITI) and former UK Secretary of State for International Development, tells International Tax Review about her efforts to introduce country-by-country... By Salman Shaheen May 28 2012
China extends VAT pilot: national roll-out expected soon After a successful introduction in Shanghai, China is extending its VAT pilot to five more cities. By Salman Shaheen May 23 2012
Why LVCR abuse may be unpoliceable Despite the UK government’s decision to remove low value consignment relief (LVCR) on mail order products from the Channel Islands to prevent big offshore retailers exploiting a VAT loophole, the... By Salman Shaheen May 23 2012
IMF suggests temporary VAT cut for UK Speaking in London today, Christine Lagarde, managing director of the IMF, said that if UK recovery does not take off, the government should consider fiscal stimulus measures including a temporary... By Salman Shaheen May 21 2012
The FTT’s time has come Despite UK Prime Minister David Cameron’s attempts to bury his head in the sand over the prospect of a financial transaction tax (FTT), its supporters are growing. By Salman Shaheen May 20 2012
ECOFIN cautiously supports Commission’s VAT proposals At a meeting in Brussels this week, the Economic and Financial Affairs (ECOFIN) Council gave the green light to a number of the European Commission’s proposals to make the EU’s... By Salman Shaheen May 15 2012
