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.
The International Accounting Standards Board (IASB) has released an exposure draft outlining 11 proposed changes to its International Financial Reporting Standards (IFRS).
Australian Treasurer Wayne Swan used today’s budget speech to confirm the retention of the 30% corporate tax rate, introduce new loss carry-back measures, and alter the treatment of capital gains.
Delegates at International Tax Review’s inaugural Tax and Transparency Forum heard how taking the initiative is the most important step to take when it comes to tax transparency and corporate social responsibility (CSR).
India’s parliament today passed amendments to the much-criticised Finance Bill 2012, including delaying the implementation of the general anti-avoidance rule (GAAR) by one year, and shifting the burden of proof from the taxpayer.
