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UK: HMRC issues a list of 10 things to know about tax avoidance

November 5, 2014

On 5 November 2014 HM Revenue and Customs (HMRC) issued a list of 10 points that it suggests taxpayers ought...

World Tax Brief : October 2014

November 5, 2014

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US and Bahamas Sign Agreement To Implement Foreign Account Tax Compliance Act (FATCA)

November 5, 2014

The United States and The Government of Bahamas signed FATCA Model 1B agreement on 3 November 2014. The US-Bahamas IGA is based...

Future of the ASEAN Economic Community Discussed in Thailand

November 4, 2014

The “AEC+3 Summit and Expo” convened in Bangkok on 3 November 2014. The event aimed to encourage Thailand’s businesses to...

Indonesia’s Finance Minister Aims to Increase Tax Revenue

November 4, 2014

The new Indonesian Finance Minister has stated that he is planning to increase the effectiveness of tax collection by increasing...

Russian Parliament to Consider Revised Draft of CFC Law

November 4, 2014

On 22 October 2014 the Russian parliament received a new version of the draft law on controlled foreign companies (CFCs)....

Italy: approves a decree to pre-compile individual income tax returns covering 2015 tax forms

November 4, 2014

The Italian Cabinet has approved a decree to pre-compile individual income tax return on October 30, 2014. This scheme will...

Basis of imposing tax of Resident Companies is wider than non-resident companies in Ireland

November 4, 2014

Resident company is taxed on its worldwide income and capital gains. It excludes most distributions received from other Irish-resident companies....

Protocol to treaty between- Singapore and UAE  

November 4, 2014

Singapore and the United Arab Emirates signed an amending protocol to the Singapore – United Arab Emirates Income Tax Treaty...

China signs new tax treaty and protocol with Russia

November 4, 2014

China signed a new income tax treaty and protocol with Russia on 13 October 2014. The key changes made in...

Italy: ratification of Tax Information Exchange Agreements (TIEAs) with the Cook Islands and Jersey on October 30, 2014

November 4, 2014

Italy has ratified its Tax Information Exchange Agreements (TIEAs) with the Cook Islands and Jersey and it was published in...

Italy: Ratifies its protocol with the Republic of Korea on October 29, 2014

November 4, 2014

Italy has ratified its tax treaty protocol with the Republic of Korea and it was published in the official gazette...

US: Saver Urged To Plan Now To Take Tax Credit

November 4, 2014

Low and moderate-income workers have advised to take steps now to save for retirement and earn a special tax credit...

OECD: Report on Increasing Taxpayer Use of Self Service Channels

November 3, 2014

The efficiency of tax administration can increase if there is improved management of requests by taxpayers for support and advice....

Tax Administration Leaders Discuss Concerted Action to Deal With Global Challenges

November 3, 2014

On 23 and 24 October 2014 the heads of tax administrations convened for the ninth meeting of the OECD Forum...

OECD: Measures of Tax Compliance Outcomes

November 3, 2014

The OECD’s Forum on Tax Administration (FTA) has put together a report entitled: “Measures of Tax Compliance Outcomes: A Practical...

Global Forum Publishes Peer Reviews

November 3, 2014

The Global Forum on Transparency and Exchange of Information for Tax Purposes has published reports on Phase 2 peer reviews...

Countries Sign Up to OECD Standard on Exchange of Information

November 3, 2014

According to an OECD press release on 29 October 2014 all OECD and G20 member countries and major financial centers...