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The Australian Government has introduced legislation to implement new tax breaks designed to encourage sensible risk-taking and investment in innovative companies. Read Full Story
The South African Revenue Service has released for public comment an update to its guidance on the VAT treatment of a transfer of an enterprise, or part thereof, as a going concern. Read Full Story
Nepal is drafting a new single tax code "to implement tax policy improvements and to consolidate and harmonize the main domestic taxes under one piece of legislation," according to the International Monetary Fund. Read Full Story
New Zealand has published guidance on the increased disclosure requirements for foreign trusts with New Zealand-resident trustees. Read Full Story
The Australian Senate has passed legislation to introduce a diverted profits tax from July 1, 2017. Read Full Story
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
UK-based bookmaker William Hill has become the latest company in the gambling sector to withdraw from the Polish market ahead of the introduction of a new regulatory and tax regime for the industry. Read Full Story
Lawmakers in New Zealand have approved legislation that would improve, strengthen, and update the rules for closely held companies, non-resident withholding tax and the approved issuer levy, and the goods and services tax rules. Read Full Story
The UK is considering bringing certain non-resident companies within the scope of corporation tax where they have existing UK taxable income and/or gains from the disposal of certain UK residential property interests. Read Full Story
Registration is open for an OECD webcast that will provide an overview of the latest international tax reform developments. Read Full Story
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