Democratic Representative Jim McDermott has tabled a Bill in the US House of Representatives to introduce a national carbon tax. While it unlikely to be adopted by the Republican dominated House it will focus the debate on how to use taxes to promote a sustainable economy.
The Tax Justice Network is about to release a new study on the progress being made to introduce automatic information exchange (AIE). International Tax Review speaks to the author of the study, Markus Meinzer, ahead of its publication about how far the world has come and who is holding it back.
Two weeks after China’s State Council confirmed the expansion of the country’s VAT pilot programme, a date has been set for when the scheme will be expanded to Beijing.
After intense wrangling, the Japanese parliament has finally approved plans to double consumption tax. But it may cost Prime Minister Yoshihiko Noda his job.
Taxpayers are angry over the unfair enforcement of interest on old VAT errors even when there has never been any loss to the exchequer. However there are signs things are changing.
