The Finnish Ministry of Finance’s tax working group (TWG) proposed a number of reforms this week that would shift the tax burden from labour and corporations to consumption.
The Office of Tax Simplification (OTS) last week released its interim report on its review of tax reliefs, allowances and exemptions for businesses and individuals.
Cheil Communications India, a subsidiary of South Korea’s largest advertising agency, has won its appeal at the Indian Income Tax Appellate Tribunal (ITAT) over pass-through costs in a case that sets a precedent for future disputes.
The bank levy outlined in HM Treasury’s draft legislation for the Finance Bill 2011 last week has been welcomed by British banks as an improvement on previous proposals.
The European Economic and Financial Affairs Council (Ecofin) this week agreed on a draft directive to increase administrative co-operation and combat tax evasion and fraud.
UK Uncut’s protests, which occupied Vodafone and Topshop stores across Britain last weekend, are set to continue despite the government’s new measures to tackle tax avoidance.
