Posts by admin

US: Case Made For Progressive Consumed Income Tax

February 9, 2014

In a recent editorial article the President and CEO of the American Council for Capital Formation called for consideration to...

US: Public comments requested on withholding certificates for foreign persons

February 9, 2014

The US Internal Revenue Service (IRS) and the US Treasury Department have issued a notice requesting comments on various IRS...

US agrees to tax talks with India under mutual agreement procedure

February 9, 2014

Following an approach by India the US tax authorities for finding a solution to tax cases of about 100 US...

United Kingdom – Proposals related to tax disputes and identifying scheme promoters

February 9, 2014

HM Revenue and Customs (HMRC) has issued consultation documents which include proposals for taxpayers to make accelerated payment of tax...

United Kingdom – Councils to Retain Tax Revenues from Shale Gas Developments

February 9, 2014

On 13 January 2014, the UK Prime Minister announced that the local councils in the U.K. that approve shale gas...

Turkey Raises Consumer Taxes

February 9, 2014

Turkey intends to increase state revenues by raising indirect taxes, fines and fees. An announcement by the Council of Ministers...

TIEA between Canada and Liechtenstein entered into force

February 9, 2014

The Agreement between Canada and Liechtenstein for the Exchange of Information on Tax Matters entered into force on January 26,...

Spain extends latest deadline for cash accounting

February 9, 2014

The opportunity for Spanish companies to join the new cash reporting VAT scheme has been extend to 31 March 2014....

Singapore levies Goods and Services Tax on Bitcoin

February 9, 2014

The Singapore tax authorities have recently issued guidance that the virtual digital currency, Bitcoin, is subject to Singapore goods and...

Russia Considers Tax Break for Landlords

February 9, 2014

Russia’s Economic Development Ministry has recently proposed cutting tax rates for citizens who lease their apartments. This measure aims to...

OECD: BEPS-related transfer pricing documentation, country-by-country reporting draft guidance

February 9, 2014

On 31 January 2014 the Organization for Economic Co-operation and Development (OECD) released an initial draft of revised guidance on...

Netherlands – Revised rules for employing foreign workers

February 9, 2014

A new law in the Netherlands (“Foreign Nationals Employment Act”), effective from 1 January 2014, concerns changes to the current...

Netherlands – Planned pension changes

February 9, 2014

On 20 January 2014, a proposal was presented to amend pension accrual rates and impose a limit on “pensionable” income....

Mexico settles issues with Maquiladoras

February 9, 2014

The President of the National Council of the maquiladora industry has commented that the sector has largely settled its differences...

Italy: Law Decree published regarding voluntary disclosure procedure

February 9, 2014

On 29 January 2014 Law Decree No. 4 of 28 January 2014 was published in the Official Gazette. This Decree...

Ireland – FATCA Registration Process

February 9, 2014

The Revenue Commissioners have confirmed that there will not be a separate Irish registration process for Irish financial institutions pursuant...

India: Improvements to VAT compliance and administration procedures

February 9, 2014

Some improvements to the Indian VAT compliance and administration procedures have been announced to help traders. India’s VAT is a state level...

India and Fiji sign a DTA

February 9, 2014

On 30 January 2014 India signed a Double Taxation Avoidance Agreement (DTA) with Fiji for the avoidance of double taxation...