The Norwegian government last week submitted its revised budget to parliament, with changes relating to exit taxes, all arising from the ECJ’s decision in National Grid Indus.
India’s finance minister has defended his government’s decision to amend the tax law with retroactive effect, but practitioners are not convinced by his arguments.
With the advent of Australia’s carbon pricing mechanism just around the corner, Australian Climate Change Minister Greg Combet has spoken out in defence of the policy and sought to allay industry fears over the impact of the tax.
Treasurer Wayne Swan has told Australian businesses that the abandoned corporate tax rate reduction from 30% to 29% was down to the opposition coalition and the Greens, and has restated the Labor party’s commitment to reduce the rate.
The OECD’s Task Force on Tax and Development has launched a new initiative aimed at bolstering developing countries’ domestic revenues by improving their tax systems.
