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The EU member states taking part in the proposed EU financial transactions tax will decide next month whether or not to proceed with the controversial tax, according to Austrian Finance Minister Hans Joerg Schelling. Read Full Story
Belgium should reduce its high corporate income and labor taxes and eliminate value-added tax concessions, the International Monetary Fund has said in its Article IV report for the country. Read Full Story
Taiwan's national tax authority has released guidance on VAT refunds for foreign exhibitors, following a number of questions received from overseas firms. Read Full Story
Hong Kong has signed agreements with six jurisdictions to automatically exchange financial account information in tax matters. Read Full Story
The OECD is seeking taxpayers' input on the mutual agreement procedure frameworks in place in the second batch of countries that will now be peer reviewed under Action 14 of the OECD's base erosion and profit shifting Action Plan. Read Full Story
The European Parliament's International Trade Committee has approved the Comprehensive Economic and Trade Agreement with Canada. Read Full Story
The International Monetary Fund has recommended that Belgium could reduce its rate of corporate tax within a wider tax reform plan that should aim to remove distortions from the business tax system. Read Full Story
Belgian pension funds have urged the Government to withdraw from the proposed European Union financial transaction tax, warning that the tax could "devastate" the industry. Read Full Story
The European Parliament has rejected a request by 89 Members of European Parliament to refer the EU-Canada Comprehensive Economic and Trade Agreement to the European Court of Justice for an opinion. Read Full Story
An Advocate General of the European Court of Justice has concluded that Belgium's fairness tax is incompatible with the EU Parent-Subsidiary Directive. Read Full Story
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