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Tax-News.com: IMF Urges US To Hike Indirect Taxes

The International Monetary Fund has recommended that the United States raise indirect taxes to boost revenues, to offset the cost of recent tax cuts and spending increases.




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Tax-News.com: Finnish Government Reaches 2019 Budget Agreement

A number of incentives have been included in the Finnish Government's 2019 Budget to encourage investment in the shares of both small and listed companies.




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Tax-News.com: OECD Releases Mining Sector BEPS Guidance For Developing States

The OECD and the Intergovernmental Forum on Mining, Minerals, Metals, and Sustainable Development have finalized three practice notes intended to support resource-rich developing countries to protect their tax bases from erosion and profit shifting.




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Tax-News.com: FASB Issues New Accounting Rules For Audiovisual Content Producers

On March 6, 2019, the Financial Accounting Standards Board issued an Accounting Standards Update that is intended to help organizations align their accounting for production costs for films and episodic content produced for television and streaming services.




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Tax-News.com: France May Cut Tax In Response To Protests

French Prime Minister Edouard Philippe has said that France should prioritize tax cuts following the conclusion of a three-month national consultation on the Government's economic and tax policies.




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Tax-News.com: France To Flesh Out Tax Cut Plans In June

French Prime Minister Edouard Philippe announced on April 30, 2019, that plans for reductions in personal and corporate income tax will be released by the Government in June 2019.




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Tax-News.com: IMF Advises Luxembourg On Coping With International Tax Changes

The IMF has welcomed Luxembourg's efforts to meet international tax standards but cautioned that international tax reform could hit the country's tax base.




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Tax-News.com: South African Carbon Tax Introduced On June 1

On May 26, 2019, South African President Cyril Ramaphosa signed into law the Carbon Tax Act No 15 of 2019, which came into effect on June 1, 2019, as announced by the Minister of Finance in the 2019 Budget.




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Tax-News.com: Hungary Announces Tax Cut Plan

On May 31, 2019, the Hungarian Ministry of Finance announced numerous tax cuts as part of an economic growth plan.




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Tax-News.com: Hungarian Lawmakers To Decide On Tax Cuts Plan

Hungary's 2020 Budget law is before parliament for approval. Most tax-related proposals would become effective from the start of 2020.




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Tax-News.com: US Senators Urge 'Fairness' Change To Capital Gains Tax Calculations

A group of 21 Republican members of the US Senate have signed a letter to the Treasury Secretary urging him to amend how capital gains tax liability is calculated.




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Tax-News.com: President Trump Considering New Tax Cuts

United States President Donald Trump said on August 20, 2019, that the administration is considering additional tax cuts to help maintain economic growth.




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Tax-News.com: German Government Submits 2020 Budget

On September 10, 2019, German Finance Minister Olaf Scholz presented to the lower house of parliament, the Bundestag, the Government's draft Budget for 2020, which includes tax reduction measures.




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Tax-News.com: Netherlands Planning Slower But Deeper Corporate Tax Cut

On September 17, 2019, Dutch State Secretary for Finance Menno Snel presented the Government's 2020 Tax Plan to the House of Representatives. It includes revised plans for corporate tax cuts.




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Tax-News.com: Finnish Budget For 2020 Agreed

On September 17, 2019, the Finnish Ministry of Finance announced that the Government has reached an agreement on the contents of the 2020 Budget, which includes some tax reductions for both companies and individuals.




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Tax-News.com: Poland Adopts 2020 Budget

On September 24, 2019, the Polish Government adopted the draft Budget for 2020, which takes into account recent reductions in personal income tax.




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Tax-News.com: Greek 2020 Budget Submitted

On October 7, 2019, the Greek Ministry of Finance presented to parliament the 2020 Budget, which includes numerous tax cut measures announced recently by Prime Minister Kyriakos Mitsotakis.




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Tax-News.com: Hungarian Government Submits Tax Bill

On November 12, 2019, Hungary's Ministry of Finance announced that it has submitted to parliament the seventh and final part of its Economic Action Plan, which includes various tax measures.




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Tax-News.com: South Africa Enacts 2019 Tax Bills

On January 15, 2020, three tax bills were made law to give effect to measures announced in South Africa's 2019 Budget.




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Tax-News.com: Switzerland Reports Bumper Tax Receipts For 2019

Higher tax receipts helped Switzerland to another surplus in 2019, with withholding tax and direct federal tax performing particularly well.




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Tax-News.com: IMF Proposes Reforms For Belgium

Belgium should look to broaden its tax base to fund labor tax reductions, the International Monetary Fund has said in its annual report for the country.




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Tax-News.com: Austria Urged To Lower Labor Tax Burden

The IMF has welcomed the Austrian Government's efforts to lower personal income taxes but said that the labor tax burden remains high.




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Tax-News.com: DeFazio Tables US Anti-Profit Shifting Bill

US congressman Peter DeFazio (D-OR) has introduced legislation designed to amend the Tax Cuts and Jobs Act so that incentives for US corporations to shift income and production overseas are reduced.




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Tax-News.com: Australian Tax Changes Effective From July 1

The Australian Government has set out the numerous changes made to the tax system on July 1 and launched a consultation on new tax rules for "stapled structures."




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Tax-News.com: BEPS Project Has Triggered Near-Global Tax Reform: OECD

The OECD has committed to providing proposals to fix the taxation of the digital economy by 2020, in an update to G20 leaders on international efforts to mitigate base erosion and profit shifting (BEPS).




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Tax-News.com: Ireland Implements New Exit Tax Regime

Ireland's 2018 Finance Bill legislates for a new exit tax regime compliant with the EU's Anti-Tax Avoidance Directive.




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Tax-News.com: UK Announces Digital Tax, Corporate Tax Reforms In New Budget

The UK's 2018 Budget includes changes to tax rules for companies, and notably for multinational groups to conform with the EU's Anti Tax Avoidance Directive. Most significantly, the UK has decided to move ahead of the EU in announcing that it will apply a tax on the turnover of certain digital businesses.




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Tax-News.com: Malaysia Announces Corporate Tax, Sales Tax Reforms In Budget

Malaysia's 2019 Budget contains plans for an overhaul of sales and service tax rules and a corporate tax cut for small- and medium-sized enterprises.




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Tax-News.com: UK Legislates To Close Insurance VAT Loophole

On December 11, 2018, the UK Government tabled The Value Added Tax (Input Tax) (Specified Supplies) (Amendment) Order 2018 before the House of Commons to close a VAT avoidance loophole that is exploited by some UK insurers.




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Tax-News.com: Seychelles Brings Tax Perks Into Line With Int'l Standards

The Seychelles says that the OECD has found the territory to have made sufficient reforms to comply with its BEPS Action 5 standard on harmful tax regimes.




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Tax-News.com: Seychelles Challenged On IBCs Tax Regime

The EU's Code of Conduct Group (Business Taxation) has written to authorities in Seychelles to warn that new provisions to the territory's tax regime are considered harmful.




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Tax-News.com: EU Demands Belize Remove Harmful Tax Regimes

The European Union Code of Conduct Group (Business Taxation) has warned the Government of Belize that the jurisdiction will be placed on the EU's blacklist of non-cooperative territories unless it commits to amend or abolish certain tax rules considered "harmful."




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Tax-News.com: Democrats Introduce US Anti-Offshoring Bills

Three Democratic members of the United States Senate have introduced two tax bills designed to discourage US companies from shifting their operations overseas and establishing arrangements in low-tax jurisdictions.




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Tax-News.com: New Zealand Tweaking GST Rule Changes For Offshore Suppliers

New Zealand's Finance and Expenditure Committee has recommended changes to legislation that would introduce a new requirement for offshore suppliers to collect GST on low-value goods supplied to New Zealand-based consumers.




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Tax-News.com: OECD Fleshes Out Int'l Tax Reform Plans During BEPS Webcast

During a webcast on June 11, the OECD provided a technical update on its work to develop new, modernized international tax rules for the digitalized economy.




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Tax-News.com: New Zealand To Better Track Taxpayers' Property Transactions

New Zealand's Inland Revenue has announced that those who buy and sell property will be required to provide their IRD number on land transfer documentation, to improve the agency's ability to enforce the tax rules on property speculation.




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Tax-News.com: IRS's New Enforcement Initiatives Are Aimed At Individuals

On July 19, 2019, the United States Internal Revenue Service Large Business and International Division announced six additional compliance campaigns.




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Tax-News.com: LLB-Switzerland Signs US Non-Prosecution Agreement

On August 5, 2019, the US Department of Justice announced that Swiss bank LLB Verwaltung (Switzerland) AG has agreed to pay a penalty of USD10.6m to resolve a case in which it was accused of helping US clients to conceal income.




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Tax-News.com: Deadlines For Colombian Tax Amnesties This Month

Two deadlines are approaching in Colombia for taxpayers wishing to take part in ongoing tax amnesties.




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Tax-News.com: Ecuador, Serbia Ratify OECD's Multilateral Tax Cooperation Pact

The OECD on September 2, 2019, announced that Ecuador and Serbia have ratified the multilateral Convention on Mutual Administrative Assistance in Tax Matters.




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Tax-News.com: Overseas Suppliers To NZ Urged To Register For GST

New Zealand's tax agency has urged overseas businesses who sell goods valued at NZD1,000 (USD629) or less to register for GST ahead of the December 1, 2019, deadline.




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Tax-News.com: New Zealand To Remove Low-Value Consignment Relief

New Zealand is to introduce GST on low-value goods sold by overseas retailers from December 1, 2019.




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Knox Bought G-string and Sollecito Fantasized Hot Sex - Day After Meredith was Killed

The day after British student Meredith Kercher was killed, her housemate Amanda Knox and the latter's Italian boyfriendRaffaele Sollecitowere spotted




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Plug-in Interface Will Soon Usher in New Generation of Compact Medical Devices

UC Davis researchers have designed a plug-in interface which will usher in the new generation of compact medical devices. "We think there is a huge




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Software Predicts Likelihood of Normal Delivery

French scientists have developed a software program called Predibirth' that can identify potential problems with delivery of the baby in high-risk pregnancies.




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British Lab Growing Human Body Parts: Report

Daily Mail reported that British experts are growing human body parts like nose and ears in laboratory. "This is a nose we're growing for a patient




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Survey: Does Gallows Humor Among Physicians Encourage Accusations of Murder and Euthanasia?

Nearly three quarters of the sample reported having been "humorously" accused of promoting death; for example, being called "Dr. Death," in a recent survey of palliative care medicine practitioners.




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'Healthcare Has Lot to Learn From Football': New Research

Medicine has a lot to learn from 'football' about developing new approaches to clinical methods says new research. The research, published in the




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Mobile Medical Apps with High Rating Not Always Accurate: Health Warning

A high 'star rating' for a mobile medical app doesn't necessarily reflect medical accuracy or value, observe Johns Hopkins researchers. The research




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Dengue Death Toll in West Bengal Now Stands at 12: Health Service Director

Dengue fever is a mosquito-borne tropical disease caused by the dengue virus. The death toll from dengue fever in West Bengal has gone up to 12, reported an official.