Posts by admin

Luxembourg: Rules Out Top Tax Rate Rise

May 25, 2014

The Luxembourg government is planning to raise more revenue in the next few years by putting together a package that...

Lithuania: IMF Looks At New Revenue Sources

May 25, 2014

Lithuania’s tax revenue as a percentage of GDP is currently one of the lowest in Europe. The IMF considers that...

Latvia: IMF Backs Retention of Flat Tax Rate

May 25, 2014

According to a statement by the International Monetary Fund (IMF) Latvia should not change the flat rate of personal income...

Japan Takes Action on Some BEPS Items

May 25, 2014

Japan’s Cabinet Office Tax Commission has given its attention to four base erosion and profit sharing (BEPS) items, including the...

Irish Personal Income Tax Cuts may be Needed

May 25, 2014

The American Chamber of Commerce Ireland has suggested that the high marginal individual income tax rates in Ireland combined with...

Indonesia: Copper Miners Hit Back At Export Tax

May 25, 2014

From the beginning of 2014 the Indonesian government is charging an export tax on mineral concentrates. The aim is to...

China: Issues circular to clarify corporate income tax incentive

May 25, 2014

On 25 March 2014, China’s Ministry of Finance and State Administration of Taxation (SAT) jointly issued a circular, Caishui [2014]...

Hong Kong: FATCA Agreement Nears Conclusion

May 25, 2014

Hong Kong and the United States are nearing a conclusion to negotiations for an inter-governmental agreement (IGA) to pave the...

Greece: OECD Report Considers Streamlined VAT Obligations

May 25, 2014

The Organization for Economic Cooperation and Development (OECD) has proposed changes that would assist taxpayers in complying with the value...

Germany: OECD Report Suggests Lower Labor Taxes

May 25, 2014

The Organisation for Economic Co-operation and Development (OECD) has stressed the need for Germany to implement economic reforms to achieve...

German Transition to Electronic Payroll Tax Platform Successful

May 25, 2014

The introduction of an electronic income tax tracking system, ELStAM, has been carried out without any problems, as is shown...

German States Agree Tougher Tax Regularization Rules

May 25, 2014

German federal state finance ministers have discussed improvements to the tax system and have decided on action to strengthen the...

German Bill Revises Energy Tax Concessions for Industry

May 25, 2014

The Cabinet has given the go-ahead to a Bill to amend the provisions of the renewable energy law. This ensures...

French Local Tax Reforms Have Cut Tax Burden

May 25, 2014

A report issued by the Board of Compulsory Levies (CPO) in France suggests that small and medium enterprises have benefited...

France- Lawmakers Seek Simpler Tax Regularization Scheme

May 25, 2014

French members of parliament have indicated that offering taxpayers a chance for tax regularization through a lump sum 10 percent...

France Plans Higher Exempt Threshold for Low Earners

May 25, 2014

The French Prime Minister intends to take around 650,000 low income individuals out of the direct tax net by adjusting...

European Inheritance Tax Burdens Compared

May 25, 2014

A recent examination of inheritance tax systems in European countries suggests that there is no consistency in the way that...

EU – Customs tariff duties suspension on industrial and agricultural products

May 25, 2014

The European Commission has issued a notice to economic operators in relation to the suspension of autonomous common customs tariff...