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OECD – New Information Exchange Standard Gains Support

April 7, 2014

The European Council has encouraged some European countries to move quickly to make a commitment to the global standard for...

OECD – Digital Economy Review May Hit Ireland Hardest

April 7, 2014

As part of the action plan on base erosion and profit shifting (BEPS) the OECD has produced a discussion draft...

OECD – Discussion draft on digital economy (BEPS action plan)

April 7, 2014

The Organization for Economic Co-operation and Development (OECD) has issued a discussion draft on Action Item 1 (Tax Challenges of...

OECD Digital Economy Review may affect Ireland

April 7, 2014

Proposals in the Organisation for Economic Co-operation and Development (OECD) discussion draft on digital taxation, that would change the way...

New Zealand: New rules for determining tax residence

April 7, 2014

In New Zealand the Inland Revenue Department has issued an “interpretation statement” on tax residence. This is an update to...

New Zealand and EU consider Free Trade Agreement

April 7, 2014

New Zealand and the European Union are considering possibilities for updating their trade and economic relations. As part of this...

Luxembourg supports revised Savings Tax Directive

April 7, 2014

The EU has adopted the revised Savings Tax Directive, strengthening the efforts to combat cross-border tax evasion by exchanging information...

Japan: 2014 tax changes

April 7, 2014

Some changes to Japan’s tax law announced on 1 October 2013 were passed on 20 March 2014. The “attributed income...

Italy: Italian 2012 Tax Returns Suggest Compliance Gap

April 7, 2014

Italian statistics in respect of tax returns suggest that Italians on average declared income of around EUR19,750 (USD27,200) in the...

Ireland: IBEC calls for Tax Cuts to Support recovery

April 7, 2014

Ireland’s business and employers’ confederation IBEC has requested a reduction in the marginal individual income tax rate to bring it...

India shows decline in transfer pricing adjustments

April 7, 2014

The income tax department has estimated that the number of transfer pricing adjustments in 2014 so far has fallen by...

Hong Kong DTAs with Qatar, Canada, Kuwait, Jersey, and Mexico

April 7, 2014

The double taxation agreements (DTAs) that Hong Kong has signed with Qatar, Canada, Kuwait, Jersey, and Mexico are to take...

Hong Kong considers how to maintain Low-Tax Regime

April 7, 2014

According to a recently published report by the Working Group on Long-Term Fiscal Planning the government will need to find...

Hong Kong and USA working for FATCA IGA

April 7, 2014

Hong Kong and the United States signed a tax information exchange agreement (TIEA) on March 25 2014. This will provide...

FTA between Canada and South Korea

April 7, 2014

Canada and South Korea concluded a free trade agreement (FTA) in March 2014. This agreement will reduce or eliminate duties...

France – Study Backs Real Estate Tax Review

April 7, 2014

The French housing association CGL has pointed out that there are large differences between rates of residence tax in different...

France – President offers Token Tax Cut for Households

April 6, 2014

The French is to announce some tax cuts for families in France, according to reports, but the amount of the...

France- Court Rules in Research Tax Credit Case

April 6, 2014

In France a tax credit known as the Crédit Impôt Recherche (CIR) is available for certain research and development expenditure...