The Cypriot finance minister has confirmed the country will retain its 10% corporate tax rate, even if it asks for the assistance of the European Stability Mechanism (ESM) or the European Financial Stability Facility (EFSF).
Australian Prime Minister Julia Gillard has indicated she still supports a reduction in the corporate tax rate, despite omitting the proposal from last month’s budget.
ANALYSIS: HM Revenue & Customs (HMRC) this week released the long-awaited consultation document on the UK general anti-abuse rule (GAAR). With the consultation document weighing in at 48 pages of technical detail, International Tax Review has done the hard work so you don’t have to, and highlighted the main features alongside analysis from leading advisers.
Senate Finance Committee chairman Max Baucus yesterday laid out his goals for comprehensive US tax reform in a speech to the Bipartisan Policy Center. Baucus said any new-look tax code should promote and enhance broad-based job growth, competitiveness, innovation, and opportunity.
The US House Ways and Means Subcommittee on Select Revenue Measures convened on Friday to discuss the framework within which expiring tax extenders should be evaluated.
