The Canadian Liberal Party has announced plans to reduce the income tax burden by raising the Basic Personal Amount.

Three-quarters of Europeans want the European Union to do more to tackle tax evasion, according to a new survey by Eurobarometer.

The European Commission has released a paper recommending improvements to France's "inefficient" value-added tax system, including that the country do away with broadly applying reduced VAT rates.

The Indian Cabinet on August 24 approved the signature of a double tax agreement protocol with Cyprus that would tackle "round tripping" and base erosion and profit shifting.

UK tax authority HM Revenue and Customs has said that it is aware of a new tax avoidance scheme that attempts to exploit Entrepreneurs' Relief by turning what would be income into a capital gain.

The European Parliament has begun its inquiry into the Panama Papers with a hearing with the investigative journalists behind the leak.

On October 12, the Italian financial police said it had broke up a value-added tax fraud ring allegedly involved in transactions totaling EUR930m, through 180 companies in 15 European Union (EU) countries.

The European Union statistics agency, Eurostat, has released new figures concerning member states' tax revenue collections and their tax mixes for 2015.

The revised double tax avoidance agreement between India and Cyprus will take effect from April 1, 2017, India's Central Board of Direct Taxes has announced.

The total loss to EU member states from the schemes revealed in the Panama Papers could be in the region of between EUR109bn (USD119bn) to EUR237bn, according to a new study commissioned by the European Parliament's PANA committee.

Twenty EU member states have reached a deal on the establishment of a new European Public Prosecutor's Office that will have the power to investigate and prosecute criminal cases affecting the EU budget.

Cyprus's Tax Department has released details of a tax amnesty, which entered into force on July 3, 2017.

Cyprus should consider reinstating the immovably property tax to boost revenues, the International Monetary Fund has said.

The Cypriot tax authority has extended until January 15, 2018, the deadline for multinational corporations to submit their notifications concerning country-by-country reporting for 2017. The deadline had been December 31.

The European Commission has released the 2017 edition of its survey of Tax Policies in the European Union, looking at the reforms undertaken by EU member states during the year.

Cyprus's Ministry of Finance says the island has signed a double tax agreement with Saudi Arabia with respect to taxes on income and for the prevention of tax evasion.

Cyprus's Department of Taxation said recently that it will accept only electronic payment for the main tax heads from June 1, 2018.

The Cyprus Tax Department has released a notice on the obligation on Cypriot constituent entities of multinational groups to file a CbC report in Cyprus where the ultimate parent entity files in a territory without an exchange of information arrangement with Cyprus.

The EU has approved under state aid rules the introduction of a tonnage tax scheme in Estonia and the prolongation of a tonnage tax scheme in Cyprus.

The Cyprus Government has announced a number of extensions to tax return filing dates.

China's Ministry of Commerce has objected to the EU's new anti-dumping methodology, claiming that it violates World Trade Organization rules.

India's Department of Commerce has initiated an anti-dumping investigation into Fluoroelastomers from China.

The United States International Trade Commission will issue countervailing duty orders on imports of cold-drawn mechanical tubing from China and India, after determining that they are causing material injury to US manufacturers.

BDO, the accountancy and business advisory firm, has released a report into the rapidly growing issue businesses and governments face with fraud, including tax fraud.

India is proposing to levy a safeguard duty of 70 percent on imports of solar-power equipment from China and Malaysia.

Income from assets of French nationals who work in a state other than a member state of the EU, the European Economic Area or Switzerland may be subject to French social security contributions, the European Court of Justice has ruled.

US President Donald Trump has approved safeguard tariffs on imported large residential washing machines and imported solar cells and modules.

Hong Kong on February 2, 2018, ratified an Ordinance to enable the territory to soon join the OECD's Multilateral Convention on Mutual Administrative Assistance in Tax Matters and thereby more simply and more broadly agree to exchange tax information with other countries' tax authorities.

The Chinese tax administration has reported that businesses have saved CNY2 trillion (USD317.8bn) following the replacement of business tax with value-added tax, beginning in 2012.

On February 3, 2018, China's State Administration of Taxation set out new rules on the disallowance of tax treaty benefits where an entity fails to demonstrate it is the beneficial owner of Chinese assets from which passive income is derived.

About 260,000 businesses with operations in China will begin to be assessed for liability to the country's new environmental tax starting next month.

The EU is to apply existing anti-dumping measures on Chinese imports of seamless pipes and tubes of stainless steel for another five years.

China plans to actively expand imports and open up to foreign investment by reducing tariffs and taxes, according to a work report released by the Government ahead of the annual parliamentary session.

Chinese authorities are working on a long-awaited property tax to cool the country's overheated property market, according to a senior government official.

Denmark was found to have the heaviest burden of taxation as a percentage of the economy in a new study by accountancy firm UHY.

HM Revenue and Customs has updated its value-added tax guidance for online marketplaces and for suppliers using them to sell to UK consumers.

The first returns under China's new environmental tax are due online by April 1, 2018.

China's new Finance Minister, Liu Kun, has announced plans to reform the nation's taxation system, including value-added tax rate reductions.

China's State Council has announced a cut in value added tax rates as part of a CNY400bn (USD63bn) tax reduction package to stimulate growth.

The OECD has published new transfer pricing country profiles for Australia, China, Estonia, France, Georgia, Hungary, India, Israel, Liechtenstein, Norway, Poland, Portugal, Sweden, and Uruguay, bringing the number of such overviews published by the OECD to 44.

Macau's Chief Executive has issued an order authorizing signature of the OECD Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information.

The tax agencies of China and Kazakhstan, with involvement also from the OECD, hosted a three-day tax conference to discuss the provision of capacity building support from China for those countries that will be involved in China's Belt and Road Initiative. It was attended by more than 250 delegates from 49 tax administrations, four international organizations, and five academic institutions.

Governments raised about USD33bn in carbon pricing revenue last year, a 50 percent increase from 2016, according to a new update by the World Bank.

China's Government announced recently that a local insurance company had issued the country's first tax-deferred pension insurance policy, saying it marked the beginning of tax-deferred pension plans in China.

Three years on from the commitments made at the 2015 United Nations Climate Change Conference (COP21) in Paris, the overwhelming majority of governments have not taken the necessary action to contain growing risks to the climate, says the OECD. It said, with emissions on the rise again, OECD governments need to get serious about shifting their economies to a low-carbon model and stop investing in carbon-intensive infrastructure.

The OECD has requested stakeholders' input on the dispute resolution processes in place in Andorra, Anguilla, Bahamas, Bermuda, the British Virgin Islands, the Cayman Islands, the Faroe Islands, Macau (China), Morocco, and Tunisia.

The OECD recently released the seventh round of stage one peer review reports, assessing eight jurisdictions' efforts to implement the BEPS Action 14 minimum standard on tax dispute resolution.

The OECD Global Forum has released eight peer review reports, for Brunei, Macau, Switzerland, Barbados, the Seychelles, Liberia, Peru, and Tunisia, on the jurisdictions' efforts to adopt and comply with international tax standards on transparency and the exchange of tax-related information on request.

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WHO has announced a global trial named 'SOLIDARITY' to identify if any drug can treat infection caused by the novel coronavirus (COVID-19). The trial,