Posts by admin

US: Annual study shows heavy tax compliance burdens

April 27, 2014

According to the US National Taxpayers Union (NTU) the US has lost billions of hours of productivity owing to the...

Ukraine: Tax cut on medical supplies

April 27, 2014

Ukraine’s Cabinet has asked parliament to approve a bill to reduce tax rates in respect of medicines and medical products,...

UK – Tougher Penalties for Offshore Evaders

April 27, 2014

Offshore tax evaders are likely to face stiffer penalties under measures recently announced in the 2014 UK Budget. The UK...

US: Budget proposals for 2015 have implications on inbound investors

April 27, 2014

In March 2014, the Obama Administration (the Administration) released its fiscal year 2015 Budget proposals (the Budget). In addition to...

Treaty between Argentina and Mexico under negotiations

April 27, 2014

An initial round of negotiations for a double tax treaty between Argentina and Mexico is to take place from 21...

Tanzania: Reconsiders gas windfall tax proposal

April 27, 2014

Tanzania may decide against a windfall tax on production, which had been considered as part of the National Natural Gas...

Switzerland – New VAT registration requirements on foreign companies

April 27, 2014

Switzerland is planning to require non-resident companies that provide services in Switzerland to charge Swiss VAT on the services at...

Switzerland: Consults on revised rules for expats

April 27, 2014

Switzerland is planning changes to the tax deductions to which expatriates are entitled, as a result of recommendations by a...

Switzerland: Expands professional training tax breaks

April 27, 2014

In Switzerland a federal law in relation to tax deductions for professional development and training costs is to take effect...

Spain Introduces New Tax Measures

April 27, 2014

Tax reforms published in Spain include a number of changes intended to boost employment and growth. The changes announced on...

Slovenia – Iran DTA ratified

April 27, 2014

It is reported that Slovenia on 6 March 2014 ratified the double taxation agreement (DTA) with Iran. The DTA which...

Poland – Reduction of VAT by 2017

April 27, 2014

In Poland the government intends to raise the standard rate of VAT again by 2017. The standard rate has already...

Philippines May Exempt Humanitarian Relief from VAT

April 27, 2014

Bill 4054 in the Philippines would provide for a VAT exemption for medical and educational goods that are imported into...

Pakistan Needs to Chase Non-Taxpayers

April 27, 2014

Currently Pakistan has one of the world’s lowest ratios of tax to gross domestic product (GDP). The ratio in Pakistan...

OECD – Transfer pricing documentation and country-by-country reporting consultation

April 27, 2014

The OECD is holding a consultation on 19 May 2014 to consider transfer pricing documentation and country-by-country reporting. This follows...

OECD – Personal Tax Burden Slightly Higher in OECD countries

April 27, 2014

As governments in industrialized countries are still dealing with the consequences of the financial crisis it is not surprising that...

OECD official suggests alternatives to arm’s length standard may be needed

April 27, 2014

As part of the action plan on base erosion and profit shifting consideration is being given to ways to improve...

US: Tax Foundation Considers Future of US Tax Breaks

April 27, 2014

The Tax Foundation (TF) in the US considers that a number of corporate and individual tax breaks should be recognized...