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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: 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: Hong Kong To Soon Join OECD's Multilateral Tax Compact

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.




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Tax-News.com: China 'Has Slashed Business Taxes By CNY2.5tn Since 2012'

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.




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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: Chinese Property Tax On The Cards

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




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Tax-News.com: Denmark Tops Tax Burden League Table

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




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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: Global Carbon Tax Take Up 50 Percent In 2017

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.




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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: At UN General Assembly, OECD Urges Global Carbon Tax Action

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.




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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: OECD Releases Eight New Action 14 Peer Reviews

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.




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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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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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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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Aspirin a Day Does Not Keep Dementia at Bay, Says Study

Daily dose of aspirin provided no benefit to study participants at either preventing dementia or slowing cognitive decline, stated study published in




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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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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,




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Vericiguat Drug may Improve Outcomes in Patients with Worsening Heart Failure

An investigational drug vericiguat offers new hope for patients with worsening heart failure, reports a new study. Patients with worsening heart failure




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Diabetes Drugs Effective in Reducing Heart, Kidney Disease

Two types of diabetes drugs namely SGLT2 inhibitors and GLP-1 drugs were effective in reducing heart complications including stroke, heart attack, and




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Teprotumumab, First FDA-approved Drug for Thyroid Eye Disease Proves Effective

Regardless of patient gender, age or smoking status, teprotumumab, the first FDA-approved drug for thyroid eye disease, provides significant improvement




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Patients Taking Certain Steroids at High Risk for COVID-19

Asthma, allergy, arthritis patients using glucocorticoids on a routine basis are at high risk of getting infected with coronavirus, according to a new




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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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Rotavirus Vaccine May Protect Children Against COVID-19

Scientists are exploring rotavirus to develop a vaccine that will protect children against COVID-19. As the COVID-19 pandemic continues its global spread, vaccine development is on everyone's mind.




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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