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Tax-News.com: British Columbia Announces Tax Breaks For Gas Investors

British Columbia is to offer a provincial sales tax exemption to a proposed new liquefied natural gas project.




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Tax-News.com: Canadian Business Confidence Knocked By US Tax Changes

The Bank of Canada has published the findings of its latest business outlook survey, which shows some concern among firms over the impact of US trade and tax policies.




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Tax-News.com: Canada 'Will Not Hit Climate Change Targets'

Canada's auditors general have published a collaborative report on the country's response to climate change, which raises concerns about the success of the action taken by governments.




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Tax-News.com: Canada Urged To Introduce Digital Tax Nexus Rules

The Canadian Parliament's international trade committee has recommended that the federal Government tax products supplied to Canadian consumers by online platforms.




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Tax-News.com: Canada, Israeli Sign FTA

Canada and Israel have signed a modernized free trade agreement.




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Tax-News.com: Canada Told To Sharpen Corporate Tax Competitiveness

The IMF has said that the recent changes to the US tax system could make Canada a less attractive destination for investment.




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Tax-News.com: Canada Promises To Improve Tax Advice Helplines

The Canadian Revenue Agency has unveiled a three-point action plan to improve the services offered by its call centers.




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Tax-News.com: Ontario Withdraws Support For Canadian Carbon Taxes

Ontario's new government has scrapped the province's cap-and-trade carbon pricing regime, effective July 3.




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Tax-News.com: Canada Revenue Agency To Improve Digital Platform

The Canada Revenue Agency is to collaborate with an association of tax preparation and software firms to improve the digital services it provides to taxpayers.




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Tax-News.com: Canada To Push Ahead With Carbon Tax Plans

Canada's federal Government has announced that it will impose a carbon price in Ontario, New Brunswick, Manitoba, and Saskatchewan in 2019.




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Tax-News.com: Canadian Tax Regime To Be Enhanced From 2019

Canada's small business tax rate will be reduced from 10 percent to nine percent from January 1, 2019, as part of a suite of new year tax changes.




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Tax-News.com: Canada Launches Tax Filing Season

On February 19, the Canada Revenue Agency officially opened the 2019 tax filing season.




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Tax-News.com: Canada's 2019 Budget Focuses On Real Estate Tax Compliance

Canadian Finance Minister Bill Morneau has made tax non-compliance in the real-estate market a major focus of his 2019 Budget.




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Tax-News.com: Canada Ratifies BEPS MLI

On June 21, 2019, Canada ratified the BEPS multilateral convention, to introduce amendments to its network of tax treaties to prevent abuse.




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Tax-News.com: Canada To Legislate For Budget Tax Reforms

The Canadian Government is consulting on draft legislative proposals to implement a number of tax measures announced in the 2019 Budget.




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Tax-News.com: Mexico Ratifies New North American Free Trade Deal

Mexico has completed its domestic ratification procedures in respect of the new US-Mexico-Canada Agreement (USMCA), which will replace the North American Free Trade Agreement, with the US and Canada.




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Tax-News.com: Trudeau Makes Election Pledge On Canadian Taxes

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




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Tax-News.com: Most Europeans Want Tougher Action Against Tax Fraud

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




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Tax-News.com: EU Criticizes France's Inefficient VAT System

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.




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Tax-News.com: India Cabinet Agrees Cypriot Tax Treaty Changes

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.




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Tax-News.com: HMRC Warns Against Use Of New CGT Avoidance Scheme

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.




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Tax-News.com: European Parliament Begins Panama Papers Inquiry

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




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Tax-News.com: Italian Police Breaks Up Europe-Wide VAT Fraud Ring

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.




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Tax-News.com: Tax 'Lost' In Panama Papers Worth Up To EUR237bn For EU

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.




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Tax-News.com: Cyprus Extends Tax Compliance Dates In Light Of COVID-19

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




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Tax-News.com: China Objects To New EU's Anti-Dumping Regime

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




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Tax-News.com: EU Extends Anti-Dumping Tariffs On Chinese Steel

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




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Tax-News.com: UK Updates VAT Guidance For Online Marketplaces

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




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Tax-News.com: China's New FM Confirms Tax Cut Plans

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




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Tax-News.com: OECD Releases More Transfer Pricing Country Guides

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.




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Tax-News.com: Macau To Sign OECD Multilateral Information Exchange Treaty

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




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Tax-News.com: China Pledges Tax Support For 'Belt And Road Territories'

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.




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Tax-News.com: Eight States' Tax Transparency Frameworks Reviewed

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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Sanofi Offers Promising Drug to Combat COVID-19

French pharmaceutical company Sanofi is ready to offer the French authorities, millions of doses of Plaquenil containing hydroxychloroquine, to treat




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Chloroquine Poisoning Reported in Three Nigerians

The government of Nigeria has issued a warning over the use of chloroquine to treat COVID-19, after three people got overdosed, and hospitalized due to poisoning.




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Cannabinoids to Treat Acute Pain: Study

There is low-quality evidence indicating that cannabinoids may be a safe alternative for a small but significant decline in subjective pain score when treating acute pain, reports a new study.




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Cannabis can Help Fight Resistant Bacteria

Combination of cannabidiol (CBD) and bacitracin (BAC) can help in the treatment of infections with antibiotic-resistant Gram-positive bacteria. The findings




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Investigational Drug to Prevent Heart Disease May Treat Ovarian Cancer

Ovarian cancer cells become detached from their point of origin and shift using fats as an energy source, according to Benjamin Bitler, PhD, and CU Cancer




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COVID-19 and Angiotensin Medications: New Insights

Heart and kidney patients should keep taking their drugs as inaccurate medical information has flooded social media and other channels, advised researchers.




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Rivaroxaban Better in Preventing Blood Clots After Ortho Surgeries

Rivaroxaban lowers the chance of serious thromboembolism more in people recovering from orthopedic surgery requiring immobilization compared to Enoxaparin,




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COVID-19 Vaccine Candidate Shows Promise

A potential new vaccine against SARS-CoV-2, the new coronavirus causing the COVID-19 pandemic has been announced by University of Pittsburgh School of Medicine scientists.




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Modifying Anti-cancer Drugs Helps Kill More Cancer Cells

Structural and biochemical differences among anticancer medications PARP inhibitors were linked to differing capacities to kill cancer cells, according




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Less Expensive, More Effective Pneumonia Vaccines are Tested in Humans, Says Study

A new pneumonia vaccine that is more effective and less expensive than those currently used in Brazil is being tested in human patients, said researchers




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Antiviral Heading to Trial Offers Hope for COVID-19 Patients

EIDD-2801, the new antiviral drug shows promise in reducing lung damage. Testing in mice is completed and it will soon enter to human clinical trials.




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Aspirin Reduces Bowel Cancer Risk

Aspirin was found to be associated with reduction in the risk of several cancers of the digestive tract, stated new study. The largest and most comprehensive




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Medication Needs of Masses Changes Due to COVIDd-19

The pandemic has suddenly changed the medication needs of masses with a clear preference being shown for respiratory, anti-diabetic, cardiac therapies.




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Lopinavir/ritonavir, Arbidol Can't Treat COVID-19 Adults

No drug improves the clinical outcome of patients hospitalized with mild-to-moderate COVID-19 over supportive care, according to the study in iMed/i, a new medical journal published by Cell Press.




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New Malaria Vaccine Candidate Revealed

A promising new strategy for combating malaria, a mosquito-borne parasite that claims nearly a half-million lives each year has been discovered by researchers.




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Chronic Use of Corticosteroids Increases Adrenal Gland Inflammation

Synthetic corticosteroid drugs, when used for prolonged duration of time, increase adrenal gland inflammation in response to bacterial infection. Synthetic




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New Drug Formulation Effectively Treats Candida Infections

Candidiasis treatment could be improved using new drug formulation. Specific chemical signal released from a bacterium can be used to improve the activity