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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: 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: 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: 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: 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: Cyprus, India Tax Treaty To Take Effect In 2017

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.




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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: New EU Agency To Pursue VAT Fraudsters

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.




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Tax-News.com: Cyprus Opens New Tax Amnesty For Past Tax Dues

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




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Tax-News.com: Cyprus Should Reinstate Immovable Property Tax: IMF

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




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Tax-News.com: Cyprus Extends Deadline For CbC Reporting Entity Notification

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.




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Tax-News.com: EU Reports On States' Tax Reforms In 2017

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.




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Tax-News.com: New Cypriot E-Payment Obligation From June 2018

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




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Tax-News.com: Cyprus Issues New CbC Filing Notification

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.




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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: India To Probe Chinese 'Dumping' Of Fluoroelastomers

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




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Tax-News.com: USITC Confirms Countervailing Duties On Tubing From China, India

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.




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Tax-News.com: Fraud At Record Levels, New BDO Report Says

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.




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Tax-News.com: India Mulling Tax On Foreign Solar Products

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




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Tax-News.com: French Workers In 'Third Countries' Liable For Social Security

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.




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Tax-News.com: US Slaps 'America First' Duties On Foreign Solar Goods, Washers

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




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Tax-News.com: China Sets Out How To Determine Beneficial Owner For Treaties

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.




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Tax-News.com: First Chinese 'Environment Tax' Reports Due April 1

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.




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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: China Will Open Up To Foreign Investment, Lower Import Tariffs

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.




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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: First Deadline For Chinese Environmental Tax Approaching

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




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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: China Cuts VAT To Fuel Economic Growth

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.




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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: First Tax-Deferred Pension Scheme Launched In China

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.




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Tax-News.com: OECD Seeks Feedback On Dispute Resolution In Ten Jurisdictions

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.




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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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Ritalin Directs Brain to Fix Attention on Benefits of Work

Ritalin and similar medications, commonly prescribed to patients with attention deficit hyperactivity disorder, also used by healthy people as a "study




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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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FDA-approved Drugs Help Fight Coronavirus

Drugs approved by U.S. Food and Drug Administration (FDA) may hold promise in fighting the new infection known as coronavirus disease 2019 (COVID-19), stated UTSW scientists.




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WHO Trial Assesses 4 Most Potential Drugs to Fight COVID-19

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,




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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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Approach for Patients at Risk of Medication-induced Cardiac Death in COVID-19

Medications being used to treat COVID-19 are known to cause prolongation of the QTc in some people. The QTc is an indicator of the health of the heart's electrical recharging system.




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Solution to Life-threatening Side Effect Identified

Paracetamol, the commonly used painkiller, when administered intravenously, lowers blood pressure. The mechanism underlying this dangerous side effect has been identified.




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Ticagrelor Alone Provides Benefit in Diabetic Patients

Diabetic patients who stopped using aspirin three months post insertion of a coronary stent and then took the anti-platelet drug ticagrelor alone for




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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,