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International Tax »

ICAO To Challenge Calls For Global Aviation Taxes

The International Civil Aviation Organization has said it intends to lobby policy makers, to challenge the use of taxes on international aviation to raise funds for global, economy-wide climate change efforts. Continue Reading »

International Law »

New Zealand Minister Outlines Anti-BEPS Plans

New Zealand will take steps to prevent base erosion and profit shifting while at the same time ensuring that the country continues to be a good place to do business, Todd McClay, Minister of Revenue, has said. Continue Reading »

Politics & Economics »

Finnish Tax Reform Broadly Revenue Neutral: IMF

The tax policy measures in Finland's latest Budget will only have a small impact on revenue, according to the International Monetary Fund. Continue Reading »

Offshore »

Pfizer, Allergan Agree USD160bn 'Tax Inversion' Merger

Pfizer Inc. and Allergan plc on November 23 announced that their boards of directors have unanimously approved, and the companies have entered into, a definitive merger agreement to combine two of the world's largest pharmaceutical companies, in what would be the largest ever "tax inversion" transaction. Continue Reading »

Business »

Switzerland, Brazil Sign TIEA

Brazil is to remove Switzerland from its "blacklist" after the two countries signed a tax information exchange agreement. 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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