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International Tax »

Japan's 2014/15 Annual Tax Revenue Jumps 15 Percent

Japan's Finance Ministry has confirmed that the country's total tax revenue in the 2014 fiscal year increased to its highest level for 21 years, driven by a rise in both consumption and income tax collections. Continue Reading »

International Law »

UK IHT 'At Highest Ever Level'

HM Revenue and Customs is taking record levels of UK inheritance tax, far above the month-by-month sums raised in the last ten years, according to private client law firm Wilsons. Continue Reading »

Politics & Economics »

Oz Think Tank Calls For GST, Superannuation Reform

The Grattan Institute, a think tank, has said the Australian Government should broaden the goods and services tax, reduce superannuation tax concessions, reform capital gains tax and negative gearing arrangements, and introduce a broad-based property levy. Continue Reading »

Offshore »

NZ Consults Public On Property Tax Measure

New Zealand has released detailed design proposals for the new "bright line" test, which will require income tax to be paid on gains from the sale of residential property bought and sold within two years. Continue Reading »

Business »

Insurance CEOs See Tax Burden As Threat

64 percent of insurance CEOs see an increasing tax burden as a threat to their growth prospects, according to a new survey by professional services firm PwC. Continue Reading »

E-Commerce »

House Passes Permanent US Internet Tax Moratorium

On June 9, the US House of Representatives passed the Permanent Internet Tax Freedom Act, which would permanently extend the Internet Tax Freedom Act and avert a possible tax increase on internet access later this year. Continue Reading »

Aviation »

Study Points Out High Air Travel Taxes

Airlines and air passengers around the world face an increasingly complex web of taxes and airport charges that increase the cost of flying and inhibit economic competitiveness, according to a new study by UHY, the international accounting and consultancy network. Continue Reading »

Marine »

EFTA, Turkey Make Headway On Upgraded FTA

From June 1 to 4, 2015, delegates from the European Free Trade Association states and Turkey met in Ankara for the third round of negotiations on the modernization and expansion of their existing free trade agreement. Continue Reading »

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