Canada – Tax-related interest rates for 2014
It was announced by the Canada Revenue Agency (CRA) that tax-related interest rates for taxable credits and for tax overpayment and underpayments for the third quarter of 2013 (July 1- September 30) will remain unchanged for this year and the rates
See MoreUK: HMRC analyses data on tax schemes
The UK tax authority HMRC has received information indicating the extensive use of tax schemes to hide assets in overseas locations and it is working with the governments of Australia and the US to analyze a large amount of data. The data indicates
See MoreNew Tax fraud prevention Law enters into force in Spain
The new criminal code was introduced by Organic Law 7/2012, published in the Official Gazette on 28 December 2012. The code entered into force on 17 January 2013 with respect to transparency and fighting criminal tax and social security
See MoreUK’s High Earners Face Heavy Tax Burden
It has been suggested that the UK's tax rates penalize its top earners with one of the highest personal tax burdens in the world, according to new research. The UK has the ninth highest tax burden in the world on those earning between USD200,000 and
See MoreFrance Eyes Tougher Tax Evasion Sanctions
It was reported on 25 January 2012 that the, French finance ministry aims to toughen existing sanctions applied in the case of tax evasion to ensure that the provisions in place are sufficiently ‘dissuasive’. The ministry is said to be preparing
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