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International Tax »

OECD Proposes Fixes To Global Tax Rules

The Organisation for Economic Cooperation and Development, on September 16, 2014, released its first recommendations for "a co-ordinated international response to base erosion and profit shifting." Continue Reading »

International Law »

Japan Yet To Decide On 2015 Sales Tax Hike

A decision has yet to be made on whether to postpone next year's two percent hike to the nation's consumption tax rate, Japanese Prime Minister Shinzo Abe has said. Continue Reading »

Politics & Economics »

Renzi Promises Tax Cuts In Italy's Next Budget

In a televised interview, Italian Prime Minister Matteo Renzi indicated that the Italian 2015 Budget Bill (legge di stabilità) will include at least a modicum of tax cuts, which are to be funded by public spending reductions. Continue Reading »

Offshore »

Hong Kong Supports New OECD Tax Info Standard

On September 15, the Government indicated, to the Global Forum on Transparency and Exchange of Information for Tax Purposes, Hong Kong's support for the new global standard on automatic exchange of information for the purpose of enhancing tax transparency and combating cross-border tax evasion. Continue Reading »

Business »

Italian Taxpayers 'Hammered' By High Taxes

CGIA of Mestre, Italy's association of sole traders and small businesses, has pointed out that, because of a record 44 percent tax burden Italian taxpayers had to work until June 11 to pay their taxes. Continue Reading »

E-Commerce »

US Internet Tax Moratorium Extension Goes To Wire

Broadband for America and the ITFA Coalition have issued statements urging the United States Congress to make permanent the Internet Tax Freedom Act, which bars state taxes on internet access and use, before it expires on November 1.

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 »

Fiscal Incentives Part Of China's Shipping Modernization

The State Council has issued new guidelines for the development of China's shipping industry in the next five years, that will include the introduction of tax incentives. Continue Reading »

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