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Cross-border tariffs between New Zealand and Korea were scaled back further on January 1, 2017, with the second installment of tax cuts under their free trade agreement. Read Full Story
Zimbabwe's recent Budget included tax relief measures and initiatives to tackle low compliance rates. Read Full Story
The European Commission has published a package of measures to ease the administrative burden on service providers, which includes plans for a new European Services e-card and a proportionality assessment of national regulations. Read Full Story
The American Institute of Certified Public Accountants has issued the first online edition of its Audit & Accounting Guide on Revenue Recognition in response to the new standards from the Financial Accounting Standards Board. Read Full Story
In Revenue Procedure 2017-14, the Internal Revenue Service has released guidance on the requirements that US business entities must satisfy to maintain their certification as Professional Employer Organizations. Read Full Story
The UK's largest companies paid a total of GBP82.3bn (USD103.2bn) in tax this year, compared with GBP80.5bn in 2015, despite a cut to the corporate tax rate, according to a report from PwC. Read Full Story
The Australian Taxation Office has published the tax details of 1,904 large companies operating in Australia, which together accounted for 63 percent of company tax payable for 2014-15. Read Full Story
The Swedish Government has announced its intention to slash the rate of tax on solar energy, as part of efforts to meet ambitious renewable energy targets. Read Full Story
As announced in the Autumn Statement, the UK Government is to clamp down on the "inappropriate use" of the VAT flat rate scheme for small businesses. Read Full Story
The Tax Executive Committee of the American Institute of Certified Public Accountants has outlined the major priorities that it would like to see incorporated in any tax reform proposal that advances through the next US Congress. Read Full Story
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