Posts by admin

South Korea – Seeks Tax from Gold Trading

March 25, 2014

South Korea is launching the first spot market for gold, in an effort to eliminate underground transactions in gold and...

Russia: Condition related to Financial Services

March 24, 2014

According to the transfer pricing rules, interest that is not disallowed may be subject to the thin capitalization provisions. Certain specialized...

US – Tax Foundation Says IRS Mandate Should Shrink

March 24, 2014

The Tax Foundation (TF) in the US has recently recommended that, as the primary function of the Internal Revenue Service...

US-Iraq Hold First TIFA Meeting

March 24, 2014

A joint council set up under the Trade and Investment Framework Agreement (TIFA) between the two countries has held its...

US: Talks to Expand Duty-Free IT Agreement Deadlocked

March 24, 2014

Talks in the World Trade Organization (WTO) on broadening the scope of the Information Technology Agreement continue to be deadlocked...

US Committee Considers Middle Class Tax Burden

March 24, 2014

In the US the Senate Finance Committee has been considering policy initiatives that could help to support and expand the...

United Kingdom: Supreme Court Rules in Travel Agent VAT Case

March 24, 2014

A recent UK case involved the issue of whether the taxpayer was acting as an intermediary or was subject to...

UK Budget announcements 2014

March 24, 2014

The UK budget announcements on 19 March 2014 include a significant change to the pension regime.  Currently, most people must...

Uganda – Tax collection shortfall linked to corporation taxes

March 24, 2014

Uganda has reported a deficit in tax collection for the half year of 2013/2014. This deficit appears to result from...

Treaty between India and Romania enters into force

March 24, 2014

The treaty between India and Romania which was signed on 8 March 2013 generally applies from 1 January 2014 for...

TIEA between Canada and the British Virgin Islands enters into force

March 24, 2014

The Tax Information Exchange Agreement (TIEA) between Canada and the British Virgin Islands entered into force on March 11, 2014....

Thailand: Tax Revenue deficit

March 24, 2014

Ongoing political unrest in Thailand could lead to a fall in tax collection and missed targets, according to the Fiscal...

Taiwan: Committee approves Luxury Tax on residential properties

March 24, 2014

The Finance Committee of Taiwan’s legislature has given its approval to amendments of the luxury tax imposed on residential property....

Swiss Parliament Passes Media Tax

March 24, 2014

Switzerland has introduced a new media tax which replaces the license fee previously charged in respect of radio and television....

Spanish SMEs Ask for VAT and Income Tax Support

March 24, 2014

The President of Spain’s small business association CEPYME, has called on the Government to lower the rate of corporation tax...

Spain: Spanish Experts Call For Huge Direct Tax Cut

March 24, 2014

A report from the Experts Committee on Tax Reform recently submitted to the Finance Minister has recommended that there should...

Spain to Bill Firms Directly For Social Security Contributions

March 24, 2014

The Social Security Administration in Spain is to commence directly invoicing employers in respect of monthly social security bills, instead...

South Korea Looks to FTAs to Support SMEs

March 24, 2014

A recent ministerial meeting has considered new measures to help small and medium enterprises (SMEs) that are becoming involved in...