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Macao may need to significantly reduce its already low income tax rates to attract foreign investors and professionals as revenues from its gaming industry fall, the International Monetary Fund (IMF) has said. Read Full Story
Hong Kong's Financial Secretary, Paul Chan, has announced measures to boost the territory's economy in his 2017-2018 Budget. Read Full Story
Philippine Department of Finance Secretary Carlos Dominguez III has approved a new revenue regulation, which would make banks, and not taxpayers, liable for late- or non-payment of taxes for electronic payments. Read Full Story
Members of the European Parliament have approved the Comprehensive Economic and Trade Agreement with Canada, in a decision that could allow the deal to be applied provisionally from April. Read Full Story
Proposed changes to Switzerland's corporate tax framework have been rejected in a referendum. Read Full Story
The Irish Finance Ministry has issued guidance on a new EU anti-money laundering regulation on the reporting of beneficial ownership information. Read Full Story
Half of accountants that took part in a recent survey think that HM Revenue and Customs's service standards have not improved over the past 12 months. Read Full Story
Treasurer Scott Morrison has warned that Australia "risks falling behind and becoming uncompetitive" if it does not reduce corporation tax rates. Read Full Story
The European Parliament has provided an update on the trade agreements under negotiation by the EU. Read Full Story
China and the new Chair of the Group of 77 have called on the United Nations to create a new tax body to develop proposals that are more tailored to developing countries than those proposed under the OECD's base erosion and profit shifting project. Read Full Story
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