IMF Report Looks at Tax Reforms in Belgium

January 04, 2023

On 21 December 2022 the IMF issued a report following the conclusion of discussions with Belgium under Article IV of the IMF’s articles of agreement. Owing to the energy price increases, the federal and regional authorities are supporting to

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OECD: Impact of Population Ageing on Government Revenue

September 03, 2022

On 30 August 2022 the OECD published a Fiscal Federalism paper dealing with the effect of population ageing on tax revenue across all levels of government. The study is part of a larger project examining the fiscal challenges of population ageing.

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Australia: State Budget 2017-18

June 25, 2017

On 22 June 2017, the Treasurer, Mr. Tom Koutsantonis released the 2017-18 Budget of South Australia with the following measures: Stamp duty surcharge for foreign purchasers From 1 January 2018, a surcharge of 4% will apply to all residential

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Canada: Conservative party pledges payroll tax cut

September 11, 2015

The Prime Minister of Canada has declared that a re-elected conservative government would cut more than 20% payroll taxes in 2017. He promised that his government would not increase payroll taxes in the Canada Pension Plan (CPP) and also accused the

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Canada: Pension payroll tax will not increase

July 14, 2015

The Finance Ministry of Canada has stated that the Government will not impose an obligatory increase in Canada Pension Plan (CPP) contributions but will instead consider choices for a supplement to the payroll tax. The government will consult with

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Canada: Payroll tables has reflected tax raises

September 05, 2014

The Canada Revenue Agency has published updated Ontario payroll deduction tables that are effective from September 1, 2014. This table includes raises to individual income tax rates according to the Ontario budget of July 2014 and the tables are

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Czech Republic: Flood-related tax relief and proposed payroll tax changes

August 01, 2013

New tax measures in the Czech Republic provide tax relief to flood damage and introduce a new payroll tax regime. The Ministry of Finance of the Czech Republic is providing tax relief to companies and individuals affected by floods this year. The

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Colombian Congress Approves Tax Reform

January 06, 2013

New Colombian tax rules have come into effect from 1 January 2013. Purpose behind this tax reform was to decrease the country’s unemployment rate and address society’s high wealth differences. The reforms have decreased the corporate income tax

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Brazil: Plans Tax Cuts For 2013

September 19, 2012

It was reported on 19 September 2012 that the Brazilian government has confirmed two tax measures for next year designed to reduce the tax burden on many businesses after an alarming fall in economic growth. The government has approved plans to

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New Zealand Pushes Tax Credits for ‘Payroll Giving’

March 15, 2012

New Zealand's Revenue Minister has praised the creation of a new website which offers information for employers seeking to establish Payroll Giving schemes in their workplaces. The country's Payroll Giving is a scheme which allows an employee to

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