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Stories that are tagged 'ministry of finance'

Canada To Close Tax Loopholes

by Mike Godfrey,, Washington

Wednesday, July 19, 2017

Canadian Finance Minister Bill Morneau has announced that he intends to crack down on tax planning strategies that involve private corporations. Read Full Story


Australia Introduces Diverted Profits Tax

by Mary Swire,, Hong Kong

Tuesday, July 4, 2017

Australia's Diverted Profits Tax entered into force on July 1, 2017, under which multinationals found to have artificially shifted profits overseas will face a 40 percent tax on the diverted profits. Read Full Story


Aus Treasury Consulting On Options For PRRT Reform

by Mary Swire,, Hong Kong

Friday, June 30, 2017

The Australian Government has published its interim response to the Petroleum Resource Rent Tax review, and launched a consultation on possible options for reform. Read Full Story


Australia Consults On GST On Digital Currency

by Mary Swire,, Hong Kong

Thursday, June 29, 2017

The Australian Government is consulting on the goods and services tax treatment of digital currency. Read Full Story


Australian Bankers Criticize New Provincial Levy Plan

by Mary Swire,, Hong Kong

Thursday, June 22, 2017

The Australian Bankers' Association has criticized the South Australian Government for proposing a new tax on the industry, days after a federal levy was passed by Parliament. Read Full Story


Another Australian State To Levy Foreign Buyers Tax

by Mary Swire,, Hong Kong

Thursday, June 22, 2017

The South Australian Government has announced that it will introduce a conveyance duty surcharge on foreign buyers of residential property. Read Full Story


100 Nations Now Party To BEPS Inclusive Framework

by Mary Swire,, Hong Kong

Thursday, June 22, 2017

Vietnam has joined the OECD's base erosion and profit shifting Inclusive Framework as its 100th member. Read Full Story


Australian Senate Passes Bank Levy

by Mary Swire,, Hong Kong

Tuesday, June 20, 2017

The Australian Government's major bank levy will enter into force on July 1, and is expected to raise around AUD6.2bn (USD4.7bn) in revenue over the next four years. Read Full Story


Canadian FMs Discuss Taxation Of Cannabis

by Mike Godfrey,, Washington

Tuesday, June 20, 2017

Canada's federal, provincial, and territorial finance ministers have discussed the tax regime that will enter into force when recreational cannabis is legalized in July 2018. Read Full Story


India Retains Transfer Pricing 'Tolerable Limit'

by Mary Swire,, Hong Kong

Tuesday, June 27, 2017

India's Central Board of Direct Taxes has confirmed, through Notification No. 50/2017, that the "tolerable limit" for deviation from arm's length prices will remain the same during the assessment years 2017-18 and 2018-19. Read Full Story




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