Posts by admin

US: Finland and Chile Sign FATCA Pacts

March 16, 2014

On March 5, 2014 the United States signed intergovernmental agreements (IGAs) with Finland and Chile to implement the Foreign Account...

US: American Citizens Abroad Argues for Residence-Based Taxation

March 16, 2014

An organization known as American Citizens Abroad (ACA) has provided testimony to the Senate Homeland Security and Governmental Affairs Permanent...

US: 2015 Budget would increase taxes for the wealthy

March 16, 2014

The Budget 2015 proposals would reduce the United States medium-term fiscal deficit by increasing revenues, particularly on the wealthiest taxpayers,...

Uruguay’s Tax Authority Reveals 2014 Targets

March 16, 2014

The Uruguayan tax authority (DGI) has recently revealed its 2014 audit targets. For 2014, the DGI indicated that it plans...

Taiwan- Proposal to increase business tax rates

March 16, 2014

Taiwan’s Ministry of Finance (“MOF”) has recently spoken about efforts to improve Taiwan’s financial prospects. The proposals include plans to...

Switzerland urged to approve IHT agreement with France

March 16, 2014

The French Finance Minister has informed Switzerland that France will not renegotiate the revised inheritance tax (IHT) agreement the two...

Spain – Refund opportunity for retail sales tax on hydrocarbons

March 16, 2014

The Court of Justice for the European Union (CJEU) in late February 2014 issued a judgment, finding that Spain’s tax...

South Korea: mergers and acquisitions activity and rental market

March 16, 2014

South Korea’s Deputy Prime Minister and Minister of Strategy and Finance presided over a Ministerial Meeting on the Economy on...

South Africa: SARS Enhances TCC Application Process

March 16, 2014

The South African Revenue Service (SARS) has introduced an enhanced Tax Clearance Certificate (TCC) application process available through eFiling and...

Singapore – Insurance company’s gain is capital and not taxable

March 16, 2014

The Court of Appeal in Singapore confirmed a decision of the High Court, finding that shares that an insurance company...

Singapore: Budget 2014/15 aims to increase tax revenue

March 16, 2014

Singapore’s Minister for Finance has stressed the importance of Singapore balancing its books over the long term, in the 2014/15...

Romania: no abrupt change in fiscal policies this year

March 16, 2014

The Romanian Prime Minister has confirmed that there will be no abrupt change in the government’s fiscal policies this year,...

Philippines improves tax collection from large businesses

March 16, 2014

The Large Taxpayers Service (LTS) of the Philippines’ Bureau of Internal Revenue (BIR) has begun the 2014 tax season by...

Peru signs DTA with South Korea

March 16, 2014

Peru completed its domestic ratification procedures on February 27, 2014, in respect of the double taxation agreement (DTA) with South...

Peru ratifies tax treaty with Portugal

March 16, 2014

The ratification of the tax treaty with Portugal by the Peruvian president was published in the Official Gazette on 6...

OECD: Regional consultations on BEPS

March 16, 2014

As part of its project on Base Erosion and Profit Shifting (BEPS), the Organization for Economic Co-operation and Development (OECD)...

OECD Comments on Crown Dependencies

March 16, 2014

The secretary general of the Organization for Economic Co-operation and Development (OECD) recently commended the Isle of Man, Jersey, and...

Mexico – Government and taxpayers reach agreement on tax certainty

March 16, 2014

The 2014 tax reform provisions have brought significant changes to the tax system in Mexico. New changes will affect both...