Tax-News.com | Global Tax News

Global Tax Topical Focus – Australian Budget

Faced with strengthening economic headwinds, plunging tax revenues and a wider-than-anticipated budget deficit, Australian Treasurer Wayne Swan has just performed that manoeuvre so familiar to politicians around the worl... Read full feature »
VAT Review

With governments increasingly coming to rely on revenue from indirect taxation, managing value-added and sales tax exposure has rapidly become one of the most important tax issues facing companies doing business in sever... Read full feature »
Global Tax Review - Tackling the Debt Crisis

As is to be expected, with the Eurozone crisis far from resolved, Greece teetering on the brink of bankruptcy, and the US once again facing a federal deficit in excess of a trillion dollars, fiscal developments in the Eu... Read full feature »
Budget Overview - UK Budget

In this feature, we detail some of the key measures announced by Chancellor of the Exchequer George Osborne in the 2012 UK Budget affecting business and individual taxpayers... Read full feature »
Budget Overview - Indian Budget

The general consensus among business groups and tax experts is that Finance Minister Pranab Mukherjee has delivered a pragmatic and balanced budget, but perhaps not the bold one that some argue is required to reverse fal... Read full feature »

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Hollande Eyes 'Growth Dimension' In Fiscal Compact »
Gibraltar-Spain Tripartite Forum Abandoned? »
China, Switzerland Make Progress In FTA Talks »
BC Unveils New Sales Tax Law »
Italian Property Tax Slammed As 'Odious And Inequitable' »
St Lucia Eyes Income Tax Cuts, After VAT Implementation »
EP Demands Accurate Information On Tax Evasion »
GSK Refutes BBC's Panorama Tax Allegations »
Lamy Sings Praises Of IT Agreement »
Vietnam's SMEs Get VAT Boost »
Swiss Asset Managers Slam 'Incoherent' Financial Centre Strategy »
Eurogroup Committed To Fiscal Consolidation »

NZ Pushes Tax Credits For 'Payroll Giving' »
UK Peers Warn Over Transaction Tax Implications »
Singapore To Cash In On Gold Rush With Tax Break »
Switzerland Exempts E-Cigarettes From Tax »
State Street Granted Jersey Banking License »
UK Opposition Attacks New Tax Year Changes »
UK Confirms Gambling Tax Changes »
Report Shows Incentives For US Companies To Drop Health Cover »
Obama Signs JOBS Act For Small Businesses »
Mauritius, Luxembourg Initial Revised DTA »
Last Direct Philippines-EU Flight Cut Over Taxes »
IoM Contributes To UK Tax Transparency Program »

Latest Headlines

Last updated 16 hours ago | Wednesday, May 16, 2012

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International Tax »

During their first meeting in Berlin, German Chancellor Angela Merkel and French Socialist President-elect François Hollande underscored the importance of Germany and France continuing to work closely together in the interests of Europe, and their responsibility and commitment to collaborating on ideas aimed at stimulating growth in Europe ahead of the European Council meeting in June. Continue Reading »

International Law »

Italian Property Tax Slammed As 'Odious And Inequitable'

Niccoló Rinaldi, head of the Italian opposition party, Italia dei Valori, in the European Parliament, has described the new Italian tax on the value of overseas properties and financial assets as only the latest in a long line of attacks on the finances of Italian expatriates. Continue Reading »

Politics & Economics »

Eurogroup Committed To Fiscal Consolidation

Following the latest Eurogroup meeting in Brussels, Luxembourg’s Prime Minister and Eurogroup President Jean-Claude Juncker confirmed that the Eurogroup’s consolidation strategy, in accordance with provisions contained in the Stability and Growth Pact, ‘remains appropriate’ and will therefore continue to form the cornerstone of its strategy to correct fiscal and economic imbalances to overcome the crisis and to return to sustainable growth. Continue Reading »

Offshore »

Gibraltar-Spain Tripartite Forum Abandoned?

The Gibraltar government has said that the introduction of a new Spanish government of the People's Party has caused the disintegration of the tripartite forum between Spain, Gibraltar and the United Kingdom. The Forum had previously been credited with yielding improvements in relations between Gibraltar and Spain after more than a century of fractious relations. Continue Reading »

Business »

Vietnam's SMEs Get VAT Boost

Vietnam’s Ministry of Finance has announced an extension to value added tax payment deadlines, so as to provide financial assistance, in particular, to small and medium-sized enterprises. Continue Reading »

E-Commerce »

Lamy Sings Praises Of IT Agreement

At the opening of a symposium to mark the 15th Anniversary of the Information Technology Agreement, which substantially liberalized taxes on the global trade of computer products, World Trade Organization Director-General Pascal Lamy emphasized that the success of the agreement could easily be transferred to other growth, and innovation-promoting industries. Continue Reading »

Aviation »

Lufthansa Slams German Plane Ticket Tax

Presenting details of the company’s 2011 annual report at its annual general meeting in Cologne, Deutsche Lufthansa’s Chief Executive Officer Christoph Franz urged the coalition government to end the controversial plane ticket tax currently costing the company around EUR361m (USD465m) annually. Continue Reading »

Marine »

Climate Change Committee Pressures UK On Carbon Change Commitments

A new report from the Committee on Climate Change urges the United Kingdom government to include the aviation and maritime sectors within ambitious emissions targets agreed for 2050. Continue Reading »

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