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International Tax »

Italian 2017 Budget Receives Parliamentary Approval

Italy's 2017 Budget, including its business tax cuts, received parliamentary approval on December 7, becoming the final act of Premier Matteo Renzi's Government before his resignation following the adverse referendum result. Continue Reading »

International Law »

IRS Saw Fourfold ID Scam Increase in 2016

The US Internal Revenue Service, while issuing warnings to taxpayers to be wary of identity theft and refund fraud scams, has disclosed that it saw a fourfold surge in phishing and malware incidents during the 2016 tax season. Continue Reading »


Politics & Economics »

Irish Budget Watchdog Warns Against 'Risky' Use Of CIT Revenues

The Irish Fiscal Advisory Council has warned the Government against "using unexpected tax revenue for difficult-to-reverse spending increases." Continue Reading »

Offshore »

HMRC Supports Review Of Tax Rules On Image Rights

The UK Public Accounts Committee heard from HM Revenue and Customs at its hearing on December 7 on the UK's response to the Panama Papers leak and the tax avoidance connected to image rights. Continue Reading »


Business »

UK Lawmakers Seek Reassurances From HMRC

UK lawmakers have called on HM Revenue and Customs to ensure that it continues to provide adequate customer service and take an international lead on tackling multinational tax avoidance, despite the pressure the tax agency faces. Continue Reading »

E-Commerce »

US Congress Urged Not To Pass Online Sales Tax Bill

On December 6, Americans for Prosperity, Americans for Tax Reform, Heritage Action For America, and FreedomWorks wrote to the members of Congress calling on them to oppose any attempt to pass US internet sales tax legislation, such as the Marketplace Fairness Act, before the end of this year. Continue Reading »


Aviation »

Sweden Mulls New Aviation Tax

A commission appointed by the Swedish Government to explore options for taxing air travel has recommended the introduction of a three-tier flight tax based on distance traveled. Continue Reading »

Marine »

EFTA Approves Eco Tax Incentives For Norwegian Ships

The European Free Trade Association Surveillance Authority has approved a tax-based state aid scheme aimed at reducing maritime transport pollution in Norway. Continue Reading »

World Budget News and Information

 

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