Ed Miliband, leader of the UK opposition Labour Party, has said he would reduce the tax burden on small businesses at the expense of big corporations by raising the corporate tax rate if elected.
Shinzo Abe, Japan’s Prime Minister, remains committed to reducing the corporate tax rate in the country, despite objections from senior figures in his Liberal Democratic Party (LDP).
Global law firm Shearman & Sterling has entered into a “best-friends” cooperative agreement with Italian specialist tax firm Tremonti Vitali Romagnoli Piccardi e Associati which sees the firms formalise their collaborative offerings.
After last week’s opinion from the European Council's legal service stated that part of the residence principle of the proposed European financial transaction tax (FTT) is incompatible with European law, some proponents feared the worst. But the end is not necessarily nigh.
Guernsey has signed a tax information exchange agreement (TIEA) with Switzerland, taking the number of such agreements signed by the UK crown dependency to 46.
In remarks made at the Economic Club in Washington, DC yesterday, US Treasury Secretary Jack Lew said the US has the structure to get the corporate tax rate down to 28%.
