UK: Government Cancels Proposed Increase in Class 4 National Insurance Contributions
Following criticism within Parliament, the government has scrapped the increase in Class 4 national insurance contributions originally announced on 8 March 2017 as part of the budget measures. Class 4 national insurance contributions are payable by
See MoreHungary-amendments to the Tax Law submitted to the parliament
The Tax amendments announced by the Minister of Economy of Hungary were submitted to the parliament on 5 December 2016. According to the proposed amendments the corporate income tax rate will be reduced as the current progressive rates of 10% and
See MoreUK: Consultation on tackling disguised remuneration
On 10 August 2016 HMRC issued a consultation document on tackling disguised remuneration. This consultation follows the issue earlier in the year of an overview of the proposed changes and a technical note setting out the background and intended
See MoreRomania plans to cut social security contributions
The Romanian Government is planning to cut social security tax paid by the employers by five percentage points though the plan has not been approved by the International Monetary Fund (IMF). Romania's Prime Minister, Victor Ponta, has confirmed this
See MoreOECD: Lower Labor Taxes Would Benefit Germany
In a published survey on Germany the OECD has suggested that the tax on labor could be cut while social security contributions could also be decreased for those on low incomes. This could promote growth, but currently Germany is too reliant on taxes
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