Posts by admin

US Businesses Urge Two-Year Renewal of Tax Extenders

May 26, 2014

In the US the Business Roundtable (BR) has written to the Senate in relation to certain tax issues. The BR...

UK – Spain DTA to Enter into Force

May 25, 2014

The UK’s tax authority has confirmed that the double taxation agreement (DTA) signed with Spain in 14 March 2013 will...

IMF Suggests Revenue Enhancing Tax Reforms for Uganda

May 25, 2014

The International Monetary Fund (IMF) has suggested that tax changes should be put through in Uganda to deal with the...

Taiwan- FATCA Agreement Expected In June 2014

May 25, 2014

Taiwan is expecting to finalize a FATCA agreement with the US by end of June 2014. The FATCA Act requires...

Taiwan Approves 45 Percent Top Income Tax Rate

May 25, 2014

Tax reforms passed in Taiwan include a 45% rate of income tax on incomes above TWD 10 million per annum....

Switzerland – San Marino: Signes TIEA

May 25, 2014

Switzerland and San Marino signed a tax information exchange agreement (TIEA) on May 16, 2014. The agreement provides for the...

Switzerland and Singapore sign OECD agreement against tax evasion though banking secrecy

May 25, 2014

Forty seven countries participated in the Declaration on Automatic Exchange of Information in Tax Matters, adopted by the OECD on...

Swiss Discuss Banking Sector Tax Disputes With The US

May 25, 2014

Recent discussions between the US and Switzerland have centered on a US tax dispute settlement program for category two, three,...

Spain Fined Over State Aid in Basque Provinces

May 25, 2014

Spain has been ordered by the European Court of Justice to pay a penalty amounting to EUR 30 million for...

Norway: Regulations regarding exemptions to the interest

May 25, 2014

On 24 April 2014, Norway’s Ministry of Finance issued regulations regarding exemptions to the interest deduction limitation rules. Under regulations...

South Korea Prioritizes FTA Talks with China and Vietnam

May 25, 2014

South Korea is continuing to discuss free trade agreements (FTAs) with China and Vietnam. In relation to the negotiations with...

Romania: Higher Taxes Expected From Oil and Gas Review

May 25, 2014

Recently the energy industry consulting firm Global Data issued a report according to which royalties on oil and gas in...

Portugal: Tax Burden Rises In 2013

May 25, 2014

The organization Statistics Portugal has reported that the tax burden went up by 8.1 percent in 2013 compared to 2012....

Portugal’s Socialist Party Would Restore Hospitality Reduced Rate

May 25, 2014

Portugal’s Opposition Socialist Party (PS) leader, has promised to return the value-added tax (VAT) rate on the restaurant and catering...

OECD: Lower Labor Taxes Would Benefit Germany

May 25, 2014

In a published survey on Germany the OECD has suggested that the tax on labor could be cut while social...

New Zealand to increase Tobacco Taxation

May 25, 2014

New Zealand is to reduce the duty-free allowances for tobacco and raise its excise duty in a move described as...

New Zealand Funding Increased Tax Compliance Drive

May 25, 2014

The Inland Revenue Department (IRD) is to receive an additional NZD132m in government funding over five years to increase its...

Mexico – Details of hydrocarbon tax in energy reform proposals

May 25, 2014

Mexico has announced proposals that would change the rules in respect of the taxation of amounts relating to hydrocarbon exploration...