US lawmakers have passed a Bill to expedite tax reform procedural issues in 2013. The Bill will provide a fast-track procedure for enacting tax reform, if the reform proposals meet certain requirements.
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.
The first opinion poll since Australia introduced its carbon tax on July 1 has revealed that opposition to the carbon pricing mechanism (CPM) has fallen dramatically.
Barbados’ partial removal from the Mexican blacklist of tax haven jurisdictions has opened up new routes for investors, and the double taxation agreement (DTA) between the two countries also contains other advantageous provisions that have increased the tax planning opportunities available to companies.
The OECD has released two new reports examining the automatic information exchange (AIE) and the protection of confidentiality of information that has been exchanged.
