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International Tax »

Australian Treasurer Wayne Swan's latest federal Budget has been met with scepticism from the business community, with concerns raised about the complexity of the tax system and the likelihood of a return to surplus. Continue Reading »

International Law »

Singapore Warns Firms Over PIC Compliance

With concerns being expressed that the coupling of the Productivity and Innovation Credit cash payout and bonus may lead to consultants and vendors inflating their prices to abuse the scheme, the Inland Revenue Authority of Singapore stressed that it will not hesitate to take action against any offenders. Continue Reading »


Politics & Economics »

Belgium Begins Tax Shift From Labor To Capital

The Belgian Government has published its 2013-2016 Stability Program, in which it sets out its medium-term fiscal policy, and outlines plans to shift the fiscal burden away from labor to taxes on capital. Continue Reading »

Offshore »

Ireland To Review Oil And Gas Tax Breaks

The Irish Government is to seek independent advice on the "fitness for purpose" of the country's taxation of oil and gas exploration activity Continue Reading »


Business »

US Accountants Comment On Home Office Deduction

The American Institute of Certified Public Accountants has recommended, in a letter to the United States Internal Revenue Service, that the agency should re-evaluate certain provisions of its optional safe harbor method for the home office deduction, as proposed in a Revenue Procedure at the beginning of this year. Continue Reading »

E-Commerce »

Google Faces Renewed UK Tax Scrutiny

Google faces fresh scrutiny of its tax affairs by a UK Parliamentary committee, after Reuters analyzed job adverts and staff social media profiles which the news agency claims give the impression that members of Google's sales team are based in the UK rather than in Ireland. Continue Reading »


Aviation »

Scotland Urged To Push For Own APD Regime

Scotland is expected to push for the devolution of the UK's Air Passenger Duty, to allow the nation to reduce the tax burden on aviation ahead of the Ryder Cup, to be held in Perthshire, and the Commonwealth Games, to be hosted in Glasgow next year. Continue Reading »

Marine »

Hong Kong Insurers Look For Offshore Marine Tax Exemption

The Hong Kong Federation of Insurers has presented a report on how to enhance the competitiveness and attractiveness of Hong Kong as an international maritime center in the Asia-Pacific region to the Hong Kong maritime industry, which includes suggested tax exemptions and incentives. Continue Reading »

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