Latest Tax News



EC Consults On Cross-Border IHT Issues
02/09/2010
The European Commission has announced the launch of a consultation on tackling cross-border inheritance tax obstacles within the European Union.
UAE Nears Completion Of New Companies Law
02/09/2010
The United Arab Emirates? Minister for the Economy, Sultan Bin Saeed Al Mansouri has told business leaders that the comprehensive rewrite of companies legislation is in its final stages.
Obama Repeats Small Business Tax Breaks Plea
01/09/2010
In further remarks on the United States economy, President Obama has emphasized that, while there is no single step that will reverse the economic damage wreaked by the recession, the tax and investment incentives contained in the Small Business Jobs Bill would benefit businesses and the economy immediately.
Alexander Dashes UK Tax Cut Hopes
31/08/2010
A senior UK Treasury minister has said that present levels of taxation will have to remain in place for the duration of the five-year parliament in order for the government to achieve its deficit reduction plans.
Singapore Attempts To Rein In Property Market
02/09/2010
Amidst fears that the property market could be overheating, Singapore?s government has announced immediate measures aimed at maintaining price stability, while also saying that it will continue to monitor the situation closely and will introduce additional measures if required later.
South Africa Realigns Vehicle Carbon Emission Taxes
31/08/2010
Finance Minister, Pravin Gordhan, has confirmed that he recently met with the chief executive officers of the seven motor vehicle manufacturers in South Africa to discuss their concerns about the introduction of vehicle carbon emissions taxation in the country.
Islands Seek Leadership For Brussels Office
31/08/2010
The Channel Islands, Guernsey and Jersey, have announced that they are seeking to recruit high-calibre representatives for the roles of 'Director of European Affairs' and 'European Affairs Adviser' for the soon-to-be-opened Channel Islands? Brussels office.
Indian Cabinet Approves Lowering Of Direct Taxes
01/09/2010
The Indian Cabinet has given the go ahead for the Direct Taxes Code Bill, which will simplify and rationalize both corporate and personal income taxes.
Swedish Government Pledges Tax Cuts
01/09/2010
As part of its election manifesto, the Swedish government has announced tax cut and spending measures worth SEK32.7bn (USD4.4bn).
Spanish Tax Office VAT Assessments 'Unlawful'
31/08/2010
VAT assessment practices of the Spanish Tax Agency have been found unlawful by an administrative court.
IRS To Drop UBS Lawsuit
30/08/2010
The US Internal Revenue Service has said that it may drop a lawsuit against Swiss bank UBS after the Swiss government announced on August 26 that its examination of approximately 4,450 UBS clients accused of evading US taxes is complete.
France To Emulate German Tax System
30/08/2010
French budget minister, Francois Baroin, has expressed admiration over Germany?s 'spectacular' economic performance following a recent visit to Berlin, and suggested that France should become more fiscally aligned with its neighbour.
Thailand Proposes Tax Breaks For Foreign Films
30/08/2010
To promote the increased use of Thailand as a site for international film-making, and support movie production in the country, the government has proposed tax incentives for foreign actors and filmmakers.
ASEAN Ministers Review Free Trade Progress
30/08/2010
The meeting of the Association of Southeast Asian Nations Economic Ministers, held on August 24-25, 2010, in Da Nang, Vietnam, reaffirmed their resolve to ensure the realization of the ASEAN Economic Community in 2015.
German Cabinet Adopts Bank Levy
30/08/2010
The German cabinet has adopted the coalition government?s draft restructuring law, providing crucially for the introduction of a bank levy in Germany.
UK Businesses Dissatisfied with HMRC
27/08/2010
A report compiled on behalf of HM Revenue and Customs has revealed that 64% of large businesses have grown more despondent over the UK tax system during the last 12 months, leading to around 20% considering relocating abroad.
White House Defends Tax Policies
27/08/2010
A speech in Cleveland by the Republican minority leader in the United States House of Representatives, John Boehner, attacking the Obama administration?s tax policies, provoked an immediate response from the White House and Vice-President Joe Biden.
Calderon Says No Tax Rise For Mexico
27/08/2010
Mexico's President, Felipe Calderon, has said that he is unlikely to recommend tax increases in the 2011 budget after opposition parties had rejected previous initiatives to broaden the tax base.