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International Tax »

EU Approves Directive On CbC Reporting

On May 26, 2016, the Council of the European Union approved a Directive on the country-by-country reporting of tax information by multinational corporations and automatic exchange of that information between EU tax authorities, which member states would be required to adopt. Continue Reading »

International Law »

ASSOCHAM India Seeks Changes To Foreign Tax Credit Rules

The Associated Chambers of Commerce and Industry of India has urged the Indian tax authority, the Central Board of Direct Taxes, to reconsider its proposed rules on foreign tax credit so that the income of Indian taxpayers is not subject to double taxation. Continue Reading »

Politics & Economics »

Ireland To Reform Budget Process

The Irish Government is to reform the budgetary process to ensure the more regular involvement of parliament. Continue Reading »

Offshore »

CRA Announces Membership Of Offshore Compliance Committee

The Canada Revenue Agency has announced the full membership of the Offshore Compliance Advisory Committee, which will advise on current and future administrative strategies for dealing with offshore non-compliance. Continue Reading »

Business »

HMRC Taskforces Raise More Than GBP500m

HM Revenue and Customs taskforces have recovered GBP540m (USD791.5m) in UK taxes since they were launched five years ago. Continue Reading »

E-Commerce »

New Measures Announced To Support Chinese Exporters

In a May 9 guidance document, the State Council announced further measures to increase Chinese exports, including optimizing export tax refund policies. Continue Reading »

Aviation »

Minor Adjustments In Norway's 2016 Budget

The Norwegian Government has announced some minor adjustments to tax measures in the National Budget for 2016. 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 »

World Budget News and Information


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