The long-awaited and much-lobbied-for tax treaty between Canada and Hong Kong was signed on November 11 and should facilitate investment between the two countries.
The dust has settled on the US election, and President Obama begins his second term in office. Pre-election politicking and points-scoring can take a back seat and issues such as comprehensive reform of the tax code can return to the forefront of discussion.
International charity organisation Save the Children has produced a report which states that the role of progressive taxation must not be overlooked in the battle to reduce inequality.
India and the UK have signed a protocol to update the 1993 tax treaty between the two countries, introducing new measures including changes to partnership taxation, an article on assistance in the collection of taxes and a limitation of benefit (LOB) clause.
The UK Government’s Public Accounts Committee (PAC) yesterday questioned top executives at Amazon, Google and Starbucks about their corporate tax affairs in the UK against a backdrop of growing public concern and resentment over tax avoidance by large multinational companies.
