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The Department of Commerce has initiated a wide-ranging antidumping duty and countervailing duty investigation into imports of carbon and alloy steel wire rod from ten countries. Read Full Story
Hong Kong has signed agreements with Portugal and South Africa to automatically exchange financial account information in tax matters. Read Full Story
The United States is to levy anti-dumping duties on exports of carbon and alloy steel plate from Austria, Belgium, France, Germany, Italy, Japan, South Korea, and Taiwan. Read Full Story
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
Italy and Switzerland have agreed to allow group requests for information relevant in tax matters. Read Full Story
Hong Kong has signed agreements with six jurisdictions to automatically exchange financial account information in tax matters. Read Full Story
In a bid to attract wealthy individuals to relocate to the country, and high net worth Italian expats to return there, the Italian authorities have introduced a EUR100,000 (USD106,251) per year substitute tax on foreign income and gains for previous non-doms who declare Italy as their primary tax residence. Read Full Story
It still remains uncertain as to how Italy's additional 2017 fiscal adjustment required by the European Commission will be funded, but a major part could involve cuts to individual income tax deductions. Read Full Story
Ex-premier Matteo Renzi's Democratic Party has refused to support hikes to excise taxes that are being proposed as a major element in Italy's additional 2017 fiscal adjustment, required by the European Commission. Read Full Story
The OECD has said Italy should limit its fiscal plans to those measures that would not inhibit improved economic growth. Read Full Story
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