With Socialist candidate Francois Hollande taking a narrow victory over the incumbent Nicolas Sarkozy in Sunday’s first round of France’s presidential election, read what the candidates have planned for the country’s corporate tax system.
The European Parliament (EP) has given its support for an EU-wide common consolidated corporate tax base (CCCTB), stating the measure should become mandatory following a transition period.
In times of austerity, governments have various fiscal options available to them to target economic growth. Despite a range of options to choose from, there seems to be one particular measure that is in vogue at the moment: the R&D tax credit.
A new report from Citizens for Tax Justice indicates 26 Fortune 500 companies such as Boeing, GE, Verizon and Duke Energy, paid no US federal income taxes in the last four years. While statistics like this will shock some, the biggest impact of this may be the push for tax reform.
Several organisations, including the Tax Executives Institute (TEI) have written to Indian prime minister Manmohan Singh and finance minister Pranab Mukherjee, outlining their objections to the government’s decision to retrospectively amend the tax code. Here, the TEI expands on why it has objected.
The United Arab Emirates (UAE) does not intend to introduce new taxes on companies until 2013 at the earliest, despite conducting studies surrounding a proposal to tax companies operating in the region.
