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The European Parliament's Conference of Presidents has said that the benefits of being a member of the EU cannot be the same for a country which leaves the Union. Read Full Story
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
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
The Senate Economics Committee's March 20 decision to endorse the Government's legislation for a Diverted Profits Tax represents a failure of Parliament to properly scrutinize the legislation, the Minerals Council of Australia has said. Read Full Story
Luxembourg should seek to widen the tax base while ensuring that its corporate tax regime continues to meet international best standards, says the International Monetary Fund. Read Full Story
Romania approved legislation to join the OECD's base erosion and profit shifting Inclusive Framework on March 2. Read Full Story
The OECD has announced the agenda and date for the fourth meeting of the OECD Global Forum on VAT, to be held on April 12-14, 2017. Read Full Story
Albanian authorities must secure parliamentary approval to bring about much-needed improvements to the country's tax regime, the International Monetary Fund has said in its latest Article IV consultation for the country. Read Full Story
South Korean exporters have been urged to put in place strategies to deal with potential changes to trading conditions with the United States. Read Full Story
The European Commission has outlined possible scenarios in which EU member states could cooperate more on tax. Read Full Story
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