This content is from: Australia Australian carbon tax helping bring down emissions Carbon emissions in the electricity sector have fallen 8.6% in the six months since the carbon tax was introduced and the government is taking this as a sign that its policy is working. By Salman Shaheen January 30 2013
This content is from: United Kingdom Calls for VAT cut grow among UK businesses UK business directors have renewed calls for the government to cut VAT as the economy continues to slump, according to a new survey. However a reduction in VAT may not be enough to increase consumer spending and kicks... By Emma Powell - ITR January 30 2013
This content is from: Brazil BRICS tax cooperation special focus International Tax Review provides taxpayers with in-depth analysis of developments in Brazil, Russia, India, China and South Africa (BRICS), along with the rest of the world. By Sophie Ashley January 28 2013
This content is from: European Union ECJ compels Spain to amend VAT reduction for medicinal products in line with EU Directive Spain will change its VAT law after the European Court of Justice (ECJ) found that it applied its reduced rate of VAT too widely. By Emma Powell - ITR January 28 2013
This content is from: United States What you have missed on ITR Premium FATCA; equity tax relief; EITI standard; tax policy; EU import duty exemption; EU FTT; Amazon US; Prudential UK. By ITR Correspondent January 28 2013
This content is from: European Union EU member states give green light for FTT Eleven EU member states now have the go-ahead to start negotiating the terms of the financial transactions tax (FTT) after EU finance ministers approved the implementation of the tax. By Emma Powell - ITR & Salman Shaheen January 23 2013
This content is from: European Union EU agreement on import duty exemption should boost investment in Africa Exports from four African countries – Zimbabwe, Seychelles, Mauritius and Madagascar – into the EU are now exempt from import duty after ratification by the European Parliament. The agreement should attract greater in... By Emma Powell - ITR January 23 2013
This content is from: South Africa South African Treasury official: VAT hike “being considered” A South African Treasury official said the department is seeking additional revenue sources, and VAT is one of many options on the table. By Matthew Gilleard January 23 2013
This content is from: Direct Tax What you have missed on ITR Premium BAE Systems; Ireland and US FATCA agreement; Shome Committee GAAR report; US tax reform; UK VAT; Vietnam VAT exemptions; Brazil sets new interest rates; DOTAS schemes. By ITR Correspondent January 21 2013
This content is from: European Union UK refuses to back down over reduced VAT rate for energy saving products The UK government is showing no signs of backing down in the face of the European Commission’s infringement proceedings against the reduced rate of VAT on energy saving products. By Emma Powell - ITR January 16 2013
This content is from: Direct Tax What you have missed on ITR Premium BAE Systems; Ireland US FATCA agreement; UK MP publishes FTSE100 transparency responses; Cyprus IP regime; Vietnam VAT exemptions; Play.com exits Jersey; Hong Kong Court of Appeal; Canada Revenue Agency transfer prici... By ITR Correspondent January 14 2013
This content is from: Vietnam Vietnam amends law on VAT exemptions The Vietnamese government will cement VAT exemptions for health and personal insurance into law, bringing VAT legislation into line with the law on insurance. But the move will increase costs for insurance companies. By Emma Powell - ITR January 14 2013
This content is from: European Union Play.com exits Jersey because of LVCR removal Online retailer Play.com has shut down its once profitable Jersey business, which thrived because of the low value consignment relief (LVCR) VAT loophole. The move is a blow to the Channel Islands’ economy, but has be... By Salman Shaheen January 10 2013
This content is from: United Kingdom Chris Lenon draws on Rio Tinto experience in ideas on emissions trading and tax transpa... Chris Lenon was the global head of tax at Rio Tinto and chaired the Tax Committee of the Business and Industry Advisory Committee to the OECD. He chairs the Green Tax Group at Business Europe and has just launched a n... By Salman Shaheen January 09 2013
This content is from: European Union How the Commission’s review of VAT on vouchers will impact taxpayers Richard Cowley and Ana Roldao of KPMG look at the European Commission’s review of VAT on vouchers. January 09 2013
This content is from: India India embarks on new indirect tax drive to cut revenue deficit The Indian Revenue Service is renewing its efforts to cut the revenue deficit, issuing a warning to taxpayers who have evaded indirect taxes. By Emma Powell - ITR January 09 2013
This content is from: Croatia Croatia abolishes zero VAT rate The Croatian government has abolished the zero rate of VAT in line with its strategy to promote tourism in the country. By Emma Powell - ITR January 07 2013
