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Stories that are tagged 'accounting'




EU Issues Update On Mercosur Free Trade Talks

by Ulrika Lomas, Tax-News.com, Brussels

Monday, April 17, 2017

The European Commission has summarized progress made during the latest round of negotiations for a trade agreement between the European Union and the Mercosur group of four South American countries. Read Full Story

 

OECD Publishes Taxation And Skills Report

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, April 12, 2017

Tax systems play an important role in encouraging investment in education and skills, and in ensuring that investments in skills deliver a healthy financial return for both students and governments, according to a new report by the Organisation for Economic Cooperation and Development (OECD). Read Full Story

 

HMRC Launches Making Tax Digital Pilot

by Jason Gorringe, Tax-News.com, London

Tuesday, April 4, 2017

HM Revenue and Customs has launched the pilot for its Making Tax Digital initiative, which will require certain small business owners and self employed people to update their tax affairs quarterly. Read Full Story

 

IRS Prepares For 'Revenue From Contracts With Customers' Standard

by Mike Godfrey, Tax-News.com, Washington

Wednesday, March 29, 2017

The Internal Revenue Service has published a proposed revenue procedure in Notice 2017-17 for taxpayers seeking to change a method of accounting for recognizing income after the adoption of the new financial accounting standards for recognizing revenue (IFRS 15). Read Full Story

 

Panama Must Continue To Improve Transparency: IMF

by Mike Godfrey, Tax-News.com, Washington

Monday, March 27, 2017

Panama must continue to improve tax transparency and how it exchanges information relevant in tax matters to sustain growth in its economy, the International Monetary Fund has said. Read Full Story

 

Canadian Budget Focuses On 'Tax Fairness'

by Mike Godfrey, Tax-news.com, Washington

Thursday, March 23, 2017

The tax measures contained in Canadian Finance Minister Bill Morneau's second Budget are focused on closing loopholes, cracking down on tax evasion and improving tax reliefs for the "middle class." Read Full Story

 

IRS Offers Storm-Hit Firms More Time To Request Filing Deferral

by Mike Godfrey, Tax-News.com, Washington

Thursday, March 16, 2017

The Internal Revenue Service has granted those businesses affected by Winter Storm Stella additional time to request a six-month extension to file their 2016 federal income tax returns. Read Full Story

 

IRS Issues Report On Low Income Taxpayer Clinic

by Mike Godfrey, Tax-News.com, Washington

Tuesday, March 14, 2017

Low Income Taxpayer Clinics in the United States helped almost 20,000 taxpayers in disputes with the Internal Revenue Service in 2015, eliminating more than USD64m in tax liabilities, penalties, and interest. Read Full Story

 

Shanghai FTZ To Liberalize Investment Restrictions

by Mary Swire, Tax-News.com, Hong Kong

Friday, March 10, 2017

Foreign investment restrictions on manufacturing and certain services are to be eased at the China (Shanghai) Pilot Free Trade Zone this year. Read Full Story

 

More Tax Hikes For UK Taxpayers In 2017 Budget

by Jason Gorringe, Tax-News.com, London

Thursday, March 9, 2017

The UK Budget, released on March 9, 2017, featured tax measures to, among other things, hike taxes on self-employed workers, further close avenues for legal avoidance, and defer mandatory digital tax reporting until April 2019. Read Full Story

 

 

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