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The UK Government must change the way it makes tax and budget decision to reduce taxpayer confusion, prevent costly errors, and avoid embarrassing u-turns, professional bodies have said in a report. Read Full Story
The Indian Government needs more time to reach a consensus on remaining goods and services tax issues and put in place the necessary frameworks for the regime to succeed, Arun Jaitley, the Finance Minister, has said, pushing forward implementation to July.Read Full Story
UK members of parliament should consult tax experts before scrutinizing finance bills and be "more rigorous" in examining new measures, according to Andrew Tyrie, the Chair of the House of Commons Treasury Committee. Read Full Story
Hong Kong's Financial Services and the Treasury Bureau has launched public consultations on legislative proposals to increase the transparency of corporate beneficial ownership in the city, and to enhance its regulatory regime for combating money laundering and terrorist financing. Read Full Story
Legislation has been introduced in Congress to stop the unlimited US corporate tax deductions allowed for performance-based executive pay. Read Full Story
On January 11, the US International Trade Commission began accepting comments on petitions it has received seeking import duty suspensions and reductions in accordance with the new Miscellaneous Tariff Bill process. 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
India's Central Board of Direct Taxes has constituted an expert committee to examine the final base erosion and profit shifting recommendations and to devise a roadmap for implementing the recommendations. Read Full Story
Nana Akufo-Addo, the new President of Ghana, announced at his inauguration ceremony that he is planning to improve the environment for business by reducing taxes and simplifying regulations. Read Full Story
Theresa May has signaled for the first time that the UK will leave the EU Single Market. Read Full Story
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