The Senate has voted against implementing a business incentive in the form of a 10% tax break for small companies that make new hires; a situation that typifies the political roadblocks standing in the way of comprehensive tax reform in the US.
The OECD’s business advisory board met with officials from China’s State Administration of Taxation (SAT) earlier this month to discuss the future of the country’s tax policy and why China wants to get more involved in international tax cooperation.
The Australian lower House of Representatives has passed a Bill that will allow foreign investment funds to use Australian fund managers without being subject to income tax.
French President François Hollande has announced his first tax policy changes as part of the amended draft Finance Bill presented to government, and advisers warn more tax hikes are on the way.
The Mauritius government has agreed to renegotiate the provisions of its tax treaty with India, though it will not agree to measures which would harm the island nation’s economic interests.
