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International Tax »

Tax Foundation Issues Annual State Tax Climate Index

The 2015 edition of the State Business Tax Climate Index from the Tax Foundation has been issued. It is intended to enable US business leaders, lawmakers, and taxpayers to gauge the "competitiveness" of their state's tax system. Continue Reading »

International Law »

Apple Inc Notes Tax Risks In Latest Annual Report

Technology giant Apple has warned stakeholders, in a recent regulatory filing, that the company's tax bill could rise if the European Commission concludes that tax rulings awarded by the Irish Government included illegal state aid. Continue Reading »


Politics & Economics »

Canada Planning Substantial Family Tax Cuts

The Canadian Government has announced that so-called "income splitting" will be available from the 2014 tax year, enabling families to split up to CAD50,000 (USD79,975) of their income each year for tax purposes. Continue Reading »

Offshore »

Automatic Info Exchange Moves A Step Closer

On October 29, 2014, 51 jurisdictions signed a Multilateral Competent Authority Agreement on the automatic exchange of information that will enable "early adopters" to begin sharing data by September 2017. Continue Reading »


Business »

Business Community, WCO Rally Together For TFA Approval

The Secretary-General of the World Customs Organization, Kunio Mikuriya, told participants at the recent International Chamber of Commerce meeting that the WCO will continue to push for trade facilitation in the short term. Continue Reading »

E-Commerce »

China Planning Additional Free Trade Zones

Chinese President Xi Jinping has said that, after more than a year since Shanghai's pilot free trade zone was first launched, its example should now be copied in more provinces as soon as possible. Continue Reading »


Aviation »

Taiwanese Special Scheme For Foreign Firms Time Limited

The Ministry of Finance has reminded foreign companies engaged in certain industries in Taiwan that there is a time limit on the availability of the percentage expenses deduction allowed under Article 25 of the country's Income Tax Act. Continue Reading »

Marine »

Canada, South Korea Sign Landmark Free Trade Deal

Nine years after negotiations began, Canada and South Korea have signed a free trade agreement that will eliminate duties on nearly all tariff lines. Continue Reading »

World Budget News and Information

 

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