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International Tax »

S Korea Ratifies FTAs with China, New Zealand, Vietnam

On November 30, the South Korean National Assembly passed bills ratifying the free trade agreements with China, New Zealand, and Vietnam. Continue Reading »

International Law »

UK Gov't Amends View On DTA Residence Articles

UK tax authority HM Revenue and Customs has announced a change of view on the interpretation of the company residence articles in 16 double taxation agreements. Continue Reading »

Politics & Economics »

New Zealand To Raise Minimum Family Tax Credit

Low-income working families in New Zealand who are eligible for the minimum family tax credit will receive an increase for the 2016–17 tax year, Revenue Minister Todd McClay has announced. Continue Reading »

Offshore »

UK Gov't Issues Disclosure Facility Deadline Reminder

The UK Government has issued a reminder that existing taxpayer disclosure facilities will be replaced by a tougher, "last chance" regime from 2016. Continue Reading »

Business »

Study Reveals Business Tax Burden In Canadian Cities

A new report by the C D Howe Institute, a think tank, has revealed that Saint John, Charlottetown, and Montreal have the highest tax burdens on new business investment among major Canadian cities. Continue Reading »

E-Commerce »

Singapore, Turkey Sign Free Trade Deal

The finance ministers of Singapore and Turkey have signed a comprehensive bilateral free trade agreement that will remove the majority of taxes on trade between the two countries over the coming years. Continue Reading »

Aviation »

US Accountants Consider New Revenue Standards

The Financial Reporting Executive Committee of the American Institute of Certified Public Accountants has released working drafts on issues relating to the new accounting standard on the recognition of revenue from contracts with customers. Continue Reading »

Marine »

Norway Receives Approval To Keep Maritime Sector Tax Breaks

The EFTA Surveillance Authority on October 28, 2015, approved a six-month extension for a Norwegian aid scheme that provides tax refunds to seafarers. Continue Reading »

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