Mexico’s Congress has passed a tax reform measure which would see the imposition of a new dividend tax and a new tax mailbox system, among other changes. The legislation awaits President Pena Nieto’s signature.
Business leaders have pleaded with Russian President Putin to reassess proposed amendments to the Criminal Code which would allow investigators to open tax cases at their own discretion.
The Indian Ministry of Finance has notified Cyprus that it is being treated as a “notified jurisdictional area” under section 94A of the Income Tax Act (ITA) 1961.
US Senators Jack Reed and Charles Grassley have introduced legislation to close a loophole that allows companies to claim tax deductions on penalties and fines paid to the federal government after a JPMorgan Chase settlement highlighted the provision.
A report from PwC shows that most people in the UK view an overseas business moving its headquarters to the country as a positive sign, despite some of the negative press reaction to foreign companies such as Starbucks availing themselves of the benefits of being in the country but not contributing a “fair” level of tax.
