The South Korean government and ruling Saenuri Party have produced a revised tax Bill targeting large companies, which is expected to raise tax revenue by KRW1.8 trillion ($887 million).
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.
