International Tax News
The Swedish Government has announced a number of tax measures in the Budget for 2018, including new rules for employee stock options and corporate interest deductions.
Switzerland has released a revised version of the value-added tax law, incorporating amendments that will enter into force from January 1, 2018.
Upon leaving the EU, there is no need for the UK or the EU to introduce tariffs on cross-border trade where there are none now, Theresa May, the UK Prime Minister, has said, setting out her idea of how Brexit should play out.
Irish Finance Minister Paschal Donohoe has warned that the imposition by the EU of separate tax rules for the digital economy risks double taxation and greater uncertainty.
The Chartered Institute of Taxation has proposed improvements to the UK's Disincorporation Tax Relief.
The French Government has warned taxpayers that they have until the end of this year to disclose undeclared assets under its tax amnesty scheme, which as been running for more than four years.
The Canadian Federation of Independent Business has published a survey it said shows that 94 percent of small business owners and 95 percent of tax practitioners are opposed to the Government's proposed reforms to tax planning strategies used by private corporations.
The Australian Bankers' Association is encouraging residents of South Australia to lobby their members of parliament to oppose the state Government's proposed bank tax.
France should complement planned cuts to corporate income tax and the labor tax wedge with measures to improve the efficiency of capital taxation, the IMF has said.
The European Commission has published its vision for the "fair taxation" of the digital economy, with options including a new EU equalization tax on the turnover of digitalized companies.
The European Court of Justice has dismissed taxpayers' complaints about a Spanish levy on wind turbines.
The IRS has extended disaster tax relief to the entire state of Georgia as part of its coordinated federal response to the damage caused by severe storms and flooding.
The World Bank has released French and Spanish translations of its Toolkit on the taxation of offshore indirect transfers and extended the deadline for feedback to October 20.
The United Arab Emirates Federal Tax Authority on September 17, 2017, opened its online portal for businesses to register for value-added tax.
The Swiss Federal Department of Finance is consulting on proposals to amend the Withholding Tax Ordinance, to more clearly define the rules for non-resident taxpayers.
The French Government has issued a decree extending the so-called "video tax" to all digital platforms following an examination of the measure by the European Commission.
Mexico's Inland Revenue has announced tax concessions to facilitate foreign assistance for people affected by an earthquake in its capital city on September 19.
The Australian Taxation Office has said that there are over 6.3 million lost and ATO-held superannuation accounts, with a total value of almost AUD18bn (USD14.3bn).
Malaysian authorities are developing draft legislation to level the tax playing field between online retailers and domestic bricks and mortar retailers.
While Luxembourg is adapting to changes in the international tax environment, a loss of attractiveness due to stricter international tax regulations poses one of the main risks to growth, according to Standard and Poor's.
Finance Minister Paschal Donohoe has said that Ireland's personal tax system "is not economically efficient and is not sustainable."
Scottish opposition parties are marginally in favor of raising income tax rates.
Australia and Indonesia have agreed to proceed promptly with their plan to implement tariff reductions on key commodities.
Cairn Energy on September 20 provided an update on the arbitration proceedings taking place as a result of its long-running dispute with the Indian tax authority.
Spain's Andalucia region is scaling back inheritance tax for estates left to close family members.
British and Finnish business associations are calling for Brexit negotiators to minimize trade barriers after the UK leaves the EU in March 2019.
China plans to establish more new pilot zones in the nation aimed at supporting cross-border e-commerce platforms in particular.
Macedonia should reduce labor taxes for lower-income workers and seek to maximize value-added tax (VAT), property tax, and fuel tax collections, the International Monetary Fund has said.
On September 21, the Comprehensive Economic and Trade Agreement between the EU and Canada entered into force provisionally.
So-called tax inversions could cost the US Government up to USD12bn in lost corporate tax revenues by 2027, a new report from the Congressional Budget Office says.