The Inland Revenue Authority of Singapore (IRAS) talks to International Tax Review about the authority’s compliance policies, the biggest challenges it faces, and taxpayer and tax authority interaction.
Australia’s Business Tax Working Group (BTWG) has released a consultation document exploring the merits of a reduction in the corporate tax rate, calculating the cost of reaching Ken Henry’s suggested 25% rate at A$26 billion ($27 billion).
TREATY ANALYSIS: Mexico has become the first North American country to sign a tax treaty with Hong Kong. The new treaty will make it easier for Mexican outbound investment to Asia.
The Singapore tax authorities have fined a company S$12,000 ($9,500) after it was discovered to have evaded taxes and levied a penalty of S$250,990 on the taxpayer, equivalent to three times the amount of tax evaded.
