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International Tax »

Big Businesses Contributing More UK Tax Than Ever

A new survey from accountancy firm PwC has revealed that the UK's biggest businesses contributed a record GBP80bn (USD125.5bn) to the Exchequer in 2013-14, while the make-up of their total tax bill continues to shift. Continue Reading »

International Law »

NZ Planning International Tax Changes For Next Year

New Zealand Revenue Minister Todd McClay has released two reports on proposals for future tax changes affecting multinational companies. Continue Reading »

Politics & Economics »

Ireland Hasn't Budgeted For Future Tax Cuts

The Irish Fiscal Advisory Council has warned that the Government's Budget 2015 tax revenue forecasts do not take into account the possibility of future tax changes, in spite of plans to cut income tax again in 2016. Continue Reading »

Offshore »

Russia Enacts Russian CFC Bill

On November 18, 2014, the Lower House of Russia's Parliament, the State Duma, approved in the second and third readings Bill No. 630365-6, which would introduce a new controlled foreign corporation regime in the country. Continue Reading »

Business »

Mexico Simplifying Tax Compliance, Study Says

Mexico has climbed 13 places in an annual study that ranks jurisdictions according to the ease of paying taxes. Continue Reading »

E-Commerce »

States Lose Patience Over US Internet Sales Tax

The National Conference of State Legislatures has sent a letter to House of Representatives Speaker John Boehner, expressing its "disappointment and frustration" with his announcement ruling out passage of the Marketplace Fairness Act during the current lame-duck session in the US Congress. 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 »

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 »

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