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International Tax »

Thailand Approves Inheritance Tax Law

Thailand's legislature has approved Government plans to introduce an inheritance tax for the first time in Thailand, albeit with some amendments reducing the scope of the tax. Continue Reading »

International Law »

EU Approves Changes To Emissions Trading Scheme

A reform of the EU Emissions Trading Scheme, informally agreed with the Latvian Presidency of the Council of Ministers, was backed by the Environment Committee on Tuesday. Continue Reading »

Politics & Economics »

Japan's Planned Consumption Tax Hike 'Not Enough' Says IMF

The Japanese Government will probably need to increase consumption tax beyond the rise scheduled to take place in 2017 if it is to achieve its fiscal consolidation targets, the International Monetary Fund has said. Continue Reading »

Offshore »

US Reaches Non-Prosecution Deals With Four Swiss Banks

The US Department of Justice has announced that four Swiss banks have reached a resolution with the Government under the DoJ Tax Division's regularization program. Continue Reading »

Business »

Malaysia's PM Defends GST

Malaysian Prime Minister Datuk Seri Najib Razak has defended the Government's decision to introduce a goods and services tax, arguing that it will help to widen the country's tax base and lessen its dependence on revenues from oil and gas. Continue Reading »

E-Commerce »

Australia Consults On 'Netflix Tax'

The Australian Treasury has launched a consultation on draft legislation that would ensure that consumers buying digital goods and services from overseas pay goods and services tax on their purchases. Continue Reading »

Aviation »

Kiwi Taxpayers Challenge Gov't On New 'Travel Tax'

New Zealand's Taxpayers' Union has launched a campaign challenging plans for a new levy on travelers, which was announced by Finance Minister Bill English in his 2015 Budget speech on May 21. Continue Reading »

Marine »

Singapore Extends Maritime Tax Incentives

In his 2015 budget speech, Singapore's Finance Minister, Tharman Shanmugaratnam, announced support for Singapore as an international maritime hub by extending the Maritime Sector Incentive. Continue Reading »

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