Australian mining magnate Clive Palmer has announced his intention to go to the High Court regarding the Australian government’s planned tax on carbon emissions, saying he has advice that the legislation is not constitutionally acceptable.
One year on from the Irish general election, and against the backdrop of the eurozone crisis, Irish multinationals are predicting $7.5 billion investment in Irish operations as well as the creation of 20,000 jobs in the next three years.
Wayne Swan, Australia’s Deputy Prime Minister and Treasurer, has released draft legislation to cut the corporate tax rate by one percentage point to 29%.
Australia is strengthening its general anti-avoidance rule (GAAR) to ensure it counters tax avoidance schemes that are carried out as part of broader commercial transactions.
The Industrial Development Bureau (IDB) in Taiwan has provided guidance for taxpayers to help them prepare the documentation required to benefit from the R&D investment tax credit.
In 2010, China collected a record amount of tax from non-resident enterprises. That momentum for growth was expected to continue in 2011, and recent figures confirm this.
