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International Tax »

OECD Presents BEPS Action Plan

After two and a half years of preparation and consultation, the OECD has released its final reports on how to bring global tax rules into the modern age and tackle base erosion and profit shifting. Continue Reading »

International Law »

Puerto Rico Broadens Sales And Use Tax Base

Puerto Rico's Governor has signed legislation that, on October 1, introduced a four percent sales and use tax rate on certain previously exempt professional and business-to-business services. Continue Reading »

Politics & Economics »

Indian Firms Discuss Tax Reform Direction

India should aim for a 20 percent corporate tax rate, strengthen dispute resolution mechanisms, and issue more guidance on the proposed goods and services tax, the Confederation of Indian Industry has said. Continue Reading »

Offshore »

Deadline Looms For HMRC's Contractors Amnesty

Accountancy firm Moore Stephens has reminded UK contractors who used "contractor loan" tax planning schemes that they have until September 30 to finalize settlements with HM Revenue and Customs or risk significantly larger bills. Continue Reading »

Business »

Value Of SME Employment Share Schemes Hits Record High

The value of share options granted to employees through the UK's Enterprise Management Incentive tax relief scheme reached a record high in 2013-14, according to international law firm Pinsent Masons. Continue Reading »

E-Commerce »

Obama Signs Temporary US Internet Tax Moratorium

On September 30, President Barack Obama signed into law the "Continuing Appropriations Act, 2016" that, while providing funding for the US Federal Government until December 11, 2015, also extends the Internet Tax Freedom Act until the same date. Continue Reading »

Aviation »

Australian Report Confirms Post-Carbon Tax Savings

Australian households are saving an average of AUD550 (USD403) a year following the repeal of the carbon tax, the Australian Competition and Consumer Commission has confirmed. Continue Reading »

Marine »

New Customs System To Tackle EU Fraud

A new regulation adopted by the European Parliament and the Council will allow customs authorities to access information to track the origins and routes of cargo containers arriving in the EU to support the fight against customs fraud both at EU and national level. Continue Reading »

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