The European Commission has proposed a Quick Reaction Mechanism (QRM) to allow member states to swiftly combat VAT fraud. Legitimate taxpayers are concerned, however, that it will add to their compliance burden.
COMMENT: France stands at the crossroads as the world watches to see the outcome of its new financial transaction tax (FTT). But given progress with the European Commission’s broader model, it is unlikely to last long.
Australia is a country divided by clashes over tax policy, first mining, now carbon. But it is GST that will be the great tax battleground of the future, if the recommendations of Ken Henry, the man tasked with reforming the country’s tax system, are followed.
