Norway is to implement changes to the corporate tax regime in a bid to stimulate investment and maintain competitiveness with other European countries, with a company tax cut and an increased depreciation allowance on the horizon.
The Australian budget 2013-14 is one week away, and while taxpayers want a corporate tax cut, they should prepare for tightened thin capitalisation rules and a reformed research and development (R&D) tax incentive, though there is good news regarding exploration.
Ernst & Young is the latest organisation to dampen US tax reform spirits, producing a survey which indicates that pessimism regarding reform among corporate and tax executives has never been higher.
The UK Parliament’s Public Accounts Committee (PAC) has urged a ban on external accountants working temporarily inside government, as well as calling for tax code simplification, in its latest report Tax avoidance: The role of large accountancy firms.
