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Tax-News.com: New Zealand Issues COVID-19 Guidance For Businesses

New Zealand's Inland Revenue Department has set out the range of supports available to businesses in response to the impact of COVID-19.




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Tax-News.com: Canada, Mexico, US Agree Free Trade Deal Amendments

Canada, Mexico, and the US have signed an agreement on amendments to their proposed new trade pact.




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Tax-News.com: HMRC Focusing On Image Rights Tax Avoidance

The UK tax agency has confirmed that it is investigating around 170 professional soccer players' tax affairs and around 20 football clubs, focusing on the taxation of image rights.




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Tax-News.com: Canada To Introduce New Anti-Avoidance Measures

The Canadian Government has announced the establishment of an independent advisory committee on offshore tax evasion and aggressive tax planning.




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Tax-News.com: Canada Provides Update On Anti-Evasion Work

The Canada Revenue Authority is auditing over 750 taxpayers with suspected links to offshore "tax havens" and investigating 20 cases of tax evasion, the Government has said.




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Tax-News.com: Canada To Ramp Up Efforts Against Tax Evasion

The Canadian Government has said that it will review its tax ruling process and voluntary disclosures program as part of its response to recommendations made last year by a parliamentary committee.




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Tax-News.com: Dassault Responds To Paradise Paper Leaks

French aircraft manufacturer Dassault Aviation has issued a statement on its tax arrangements in response to media coverage of the so-called "Paradise Papers."




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Tax-News.com: Estonia Tops Tax Foundation's Tax Competitiveness Index

Estonia has topped the Tax Foundation's International Tax Competitiveness Index for the fifth successive year, being deemed to have the "best tax code in the OECD."




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Tax-News.com: Australian Tax Office Expands Data Matching Program

The Australian Taxation Office has announced that it is expanding its data matching program to focus on information it receives from partner organizations on shares held by taxpayers.




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Tax-News.com: Australian Regulator Flags Important Accounting Standard Changes

The Australian Securities and Investments Commission has highlighted the significant impact that recent accounting standard changes will have for financial reports that must be prepared for the year to December 31, 2018, and second quarter reports.




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Tax-News.com: Australian High Court Allows Use Of Leaked Data In Tax Probes

The Australian Taxation Office has welcomed a significant ruling from Australia's High Court, which enables the tax agency to use information obtained from data leaks, even if leaked from a law firm.




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Tax-News.com: OECD Provides Update To G20 On BEPS Work

In a new report for G20 ministers, the OECD has provided an update on its work to tackle tax base erosion and profit shifting relating to multinational businesses.




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Tax-News.com: Ireland Issues Guidance On New Anti-Hybrid Mismatch Rules

The Irish Government has released additional guidance on its proposals for new anti-hybrid rules, responding to feedback to a consultation launched in November 2018.




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Tax-News.com: Tax Agencies Meet To Discuss Use Of Big Data Analysis

Tax agencies from 31 countries discussed the ways they are using data analysis tools to improve tax enforcement and administration, at the first meeting of the IOTA Forum on Tax Debt Management, held in Prague, Czech Republic, On October 1-3, 2019.




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Tax-News.com: Ireland Amends Guidance On MAP Assistance

The Irish Revenue has updated its guidelines on requesting Mutual Agreement Procedure assistance in Ireland.




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Tax-News.com: Ireland Updates Guidance On EU Exit Tax On IP Flight

The Irish Revenue has updated its guidance on Irish exit tax legislation to reflect changes introduced by Finance Act 2019.




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Tax-News.com: Abu Dhabi Tax-Free Zone To Launch Foundations

Abu Dhabi Global Market, the low-tax international financial center, is seeking feedback on its proposal to allow the formation of "foundations," a trust-like entity widely used in civil law jurisdictions.




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Tax-News.com: HMRC Shuts Down 'Liberty' Tax Avoidance Scheme

HM Revenue and Customs, the UK tax authority, has welcomed a ruling in its favor against a contrived tax avoidance scheme involving an entity in Jersey and the Cayman Islands.




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Tax-News.com: Apple Fires Back At Tax Avoidance Accusations

Apple, the world's largest taxpayer, has released a statement seeking to debunk claims in media about its tax payments around the world, following coverage in recent days about it seeking tax mitigation arrangements in Jersey due to international tax changes in Ireland affecting its existing tax arrangements.




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Tax-News.com: Switzerland Begins Sharing Tax Data Internationally

Switzerland has made its first exchanges under the new international automatic exchange of information framework, the Common Reporting Standard.




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Tax-News.com: Costa Rica Ratifies Updated TIEA With US

On November 12, 2019, a law was published in the official gazette of Costa Rica which ratifies the updated Tax Information Exchange Agreement with the United States.




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Tax-News.com: HMRC Releases Final Guidance On Loan Charge Review

The UK tax agency HM Revenue and Customs has released guidance for taxpayers affected by the Loan Charge.




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Tax-News.com: US IRS Updates Virtual Currency FAQs

The United States Internal Revenue Service has recently updated its list of frequently asked questions and answers on the tax treatment of transactions involving virtual currencies.




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Tax-News.com: UK Reports On Adoption Of EU's DAC6 Tax Scheme Reporting Rules

On January 8, 2020, the UK Government released a policy paper setting out how the UK will temporarily adopt the "DAC 6" EU disclosure requirements on intermediaries that design or sell potentially harmful tax schemes.




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Tax-News.com: Germany Urged To Ensure Data Sharing On Call-Off Stock Arrangements

Germany's IT systems are not ready for the VAT "quick fix" simplifications that entered into force on January 1, 2020, according to the European Commission.




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Tax-News.com: Germany Issues Draft Guidance On DAC6

On March 2, 2020, the German Ministry of Finance released a draft discussion document on new rules implementing the sixth European Union Directive on Administrative Cooperation, under which intermediaries are obligated to report certain tax planning schemes.




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Tax-News.com: OECD Releases Cross-Border Int'l Tax Guidance On COVID-19 Issues

The OECD has released guidance for national policymakers on the impact of COVID-19 on the treatment of cross-border workers and the interpretation of international tax treaty rules.




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Tax-News.com: Switzerland Has Improved Adherence With Tax Transparency Standards

The OECD's Global Forum has found Switzerland largely compliant with the international standards on transparency and the exchange of information upon request.




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Tax-News.com: OECD Updates List Of International COVID-19 Measures

On April 9, 2020, the OECD released an update to a spreadsheet hosted on its website that maps out all the various tax policy responses countries have taken to support individual and corporate taxpayers following the outbreak of COVID-19.




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Tax-News.com: Netherlands Publishes Guidance On BEPS MLI

On April 6, 2020, the Dutch Ministry of Finance published guidance material on the application of the BEPS Multilateral Instrument and its effect on Dutch tax treaties.




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Tax-News.com: Malta Issues Payroll Tax Guidance On COVID-19 Wage Supplement

On April 4, 2020, Malta released payroll tax-related guidance for employers on the Government's responses to the COVID-19 epidemic.




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Tax-News.com: UK Digital Tax Guidance Needed On Scope, Liability: CIOT

The Chartered Institute of Taxation has called on the UK Government to clarify questions remaining about the UK's Digital Services Tax, which became effective this month.




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Tax-News.com: Hong Kong Releases New Guidance On Advance Rulings

Hong Kong has updated its guidance on advance rulings, to reflect changes to Hong Kong's practices as a result of its efforts to comply with the OECD's minimum standards proposed as part of the base erosion and profit shifting (BEPS) Action Plan.




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Tax-News.com: Irish Revenue Issues Guidance On COVID-19 Corporate Tax Return Deferral

The Irish Revenue has updated its guidance on the impact on relief claims of the late filing of corporate tax returns, in the context of the coronavirus pandemic.




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Tax-News.com: Luxembourg Approves Update To French DTA

On November 15, 2019, Luxembourg's Council of Ministers approved a protocol to the 2018 double tax treaty with France, making changes to the way cross-border workers are taxed.




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Tax-News.com: France Updates Tax Blacklist

On January 6, 2019, a decree was published in the French Official Journal to modify the list of non-cooperative states and territories in tax matters.




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Tax-News.com: Many EU States Tardy In Adopting Anti-Tax Avoidance Directives

On January 24, 2020, the European Commission issued formal notices to numerous European Union member states with regards to lapses in the implementation of various EU anti-tax avoidance directives.




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Whole-fat Dairy Products and Weight Gain

Children who consume full-fat dairy products do not show an increased risk of obesity or heart disease, according to an Edith Cowan University (ECU) research




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Natural Compound in Fruit Peels, Herbs Halts Damage and Spurs Neuronal Repair in Multiple Sclerosis

An active ingredient found in fruit peels and some herbs can halt and reduce further damage to neurons in multiple sclerosis (MS), reports a new study.




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Sugary Soda Consumption Decreases Kidney Blood Flow: Study

Sugary soda consumption downs kidney blood flow, and raise the risk of developing chronic kidney disease, according to a study in the iAmerican Journal of Physiology-Renal Physiology/i.




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More Than 1 Million New Curable Sexually Transmitted Infections Every Day: Study

Among people aged 15-49 years, every day, there are more than 1 million new cases of curable sexually transmitted infections (STIs), revealed data released today by the World Health Organization.




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Water Fluoridation May Prevent Dental Decay

Water Fluoridation may reduce dental decay in U.S. children and adolescents, reports a new study. The findings of the study are published in the iJournal of Dental Research/i.




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How to Protect Protruding Teeth From Damage?

Protruding teeth in kids are more prone to injuries and long-term consequences. Therefore, regular dental check-ups, especially for kids, are necessary to protect their dental health.




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Elite Athletes Have High Rates of Oral Disease Despite Brushing Twice Daily

Elite athletes have poor oral health despite brushing their teeth more regularly than most people, reports a new study. The findings of the study are published in the iBritish Dental Journal/i.




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Periodontal Disease: Patent for Biodegradable Rods

New biodegradable rods can effectively treat periodontal disease. Researchers of the Institute of Pharmacy at Martin Luther University Halle-Wittenberg




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Indian water policy initiative receives World Water Day global award

Tokyo, Japan (March 21, 2014): A research program that pinpointed how perverse subsidies were causing India to export virtual water has won the coveted ‘Water for Life’ UN-Water Best Practices Award. The IWMI-Tata Water Policy Research Program (ITP), a partnership between the International Water Management Institute (IWMI), Colombo, Sri Lanka, and the Sir Ratan Tata […]




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Press Release: World Losing 2,000 Hectares of Irrigated Farmland to Salt-Induced Degradation Daily

Extensive costs of salt-damaged soils include $27 billion+ in lost crop value per year.






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Press Release: IWMI project enables fast access to petabytes of analysis-ready water data in Africa

A new IWMI partnership with Digital Earth Africa (DEA) will leverage state of the art remote-sensing and data management technologies to enhance the ability of African Governments, communities and companies to better manage their water.