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International Tax »

US House Passes Miscellaneous Tariff Bill

On April 27, the bipartisan legislation to provide a framework for the approval of import tariff cuts for manufacturers through a renewal of the Miscellaneous Tariff Bill passed the US House of Representatives by a vote of 415 to 2. Continue Reading »

International Law »

EC Asks France To Comply With Judgement On Taxation Of Dividends

The European Commission has asked that France fully comply with a European Court of Justice ruling on the tax treatment of dividends from non-resident subsidiaries. Continue Reading »

Politics & Economics »

KPMG Urges Australian Superannuation Tax Reform

If the Australian Government fails to implement meaningful tax reforms, tax receipts will not cover government spending at any stage over the next 15 years, professional services firm KPMG has warned. Continue Reading »

Offshore »

Hong Kong Confirms Its AML, Tax Evasion Procedures

In reply to a Legislative Council question, Hong Kong's Secretary for Financial Services and the Treasury, K C Chan, confirmed that the Inland Revenue Department will always "take necessary actions against tax evasion and avoidance by taxpayers, based on information possessed by the Department or received from other sources." Continue Reading »

Business »

IRS To Improve Tax Refund Offset Program

Following a report released by the Treasury Inspector General for Tax Administration, the US Internal Revenue Service has agreed to revise computer programming and correct its procedures to ensure it identifies all available tax refunds to offset federal tax liabilities. Continue Reading »

E-Commerce »

No Tax Change For Chinese Taxpayers Abroad: MoF

China's Ministry of Finance has confirmed that the new tax framework covering goods purchased from overseas retailers online is not applicable to the overseas purchases of Chinese tourists. Continue Reading »

Aviation »

US Senate Approves Airport Tax Extensions

On April 19, the US Senate passed a bipartisan bill that, if subsequently approved by the House of Representatives, will extend the key revenue provisions supporting the Airport and Airway Trust Fund until end-September 2017. Continue Reading »

Marine »

Norway's Tax Refunds For Ship Owners Approved

The European Free Trade Association Surveillance Authority has approved a Norwegian state aid scheme which grants tax refunds to ship owners. Continue Reading »

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