The German government has released a concept paper containing 12 proposed changes to the corporate tax system, including changes to the treatment of interest expense deductions, group taxation, partnerships and losses.
The Confederation of British Industry (CBI) has thrown its weight behind the UK’s planned general anti-avoidance rule (GAAR), arguing that corporate tax avoidance schemes are harming the reputation of British industry.
Australian prime minister Julia Gillard today saw off a direct challenge to her Labor party leadership from predecessor Kevin Rudd, but must quickly reunite the party if she wants to move forward with her indirect tax policies on carbon and mining.
As part of finance minister Pravin Gordhan’s 2012 budget, it was announced today that South Africa is considering the introduction of a carbon tax as early as next year.
South Africa today released its 2012 budget which included changes to the treatment of capital gains and dividends, as well as the way the tax system is administered.
President Barack Obama’s administration has unveiled plans to cut the top corporate tax rate from 35% to 28%, a reduction that would be offset by the closure of certain tax breaks and subsidies.
