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International Tax »

US Congress Gets Bill To Curb IRS Civil Asset Forfeitures

Legislation to protect taxpayers from the inappropriate use of civil forfeiture laws has been re-introduced into both the United States House of Representatives and Senate. Continue Reading »

International Law »

Italy Issues Draft Voluntary Disclosure Form

The Italian Revenue Service has issued a draft version of the form Italian residents should complete to participate in the voluntary disclosure program for undeclared assets, which received parliamentary approval in December. Continue Reading »

Politics & Economics »

IMF Commends Thailand On Tax Policies

Thailand's Deputy Prime Minister in charge of economic policy, Pridiyathorn Devakula, says that the International Monetary Fund has commended the military-led Government's overall tax policies. Continue Reading »

Offshore »

Guidance From Bahamas On VAT Returns

The Bahamas Ministry of Finance has released new guidance to support businesses in completing their first value-added tax return. Continue Reading »

Business »

South Africa Issues Ruling On Termination Of STC Credits

The South African Revenue Service has issued a draft binding general ruling, which clarifies that credits carried forward from the secondary tax on companies regime may not be used when a dividend is declared before April 1, 2015, if dividends tax is paid on or after that date. Continue Reading »

E-Commerce »

Amazon Acts Over Vermont's 'Click-Through' Sales Tax

In what is being seen as a reaction to Vermont's online sales tax legislation, Amazon has added the state to the list of states in which it will not operate its United States associates advertising program. Continue Reading »

Aviation »

South Korea Launches Emissions Trading Scheme

South Korea's carbon emissions trading scheme, a key component of the Government's plan to cut greenhouse gas emissions, became operational on January 12, 2015. Continue Reading »

Marine »

Norway's Commission Recommends Corporate Tax Rate Cut

The Tax Commission, appointed by the Government in March last year to review corporate taxation in Norway in light of international developments, submitted its report on December 2. Continue Reading »

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