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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 Hong Kong Government has released a report on its consultations regarding a proposed Voluntary Health Insurance Scheme, summarizing the consultation outcomes and proposing tax breaks. Read Full Story
The United States National Taxpayer Advocate Nina E Olson, has once again emphasized the need for simplification of the US tax code in her annual report to Congress. Read Full Story
The Australian Taxation Office has issued guidance on the application of a goods and services tax reverse charge for the precious metals industry. Read Full Story
The US Internal Revenue Service has issued an updated version of its Refund Information Guidelines for the Tax Preparation Community publication, adding information on the expected delays to tax refunds in the 2017 filing season. Read Full Story
The South Korean National Tax Service has issued its Easy Guide for Foreigners' Year-end Tax Settlement, to help foreign residents in the country to file a return and settle the taxes due on their 2016 income. Read Full Story
Ireland's Help to Buy tax incentive for first-time buyers has opened for applications. Read Full Story
The Canadian Government has announced the income tax deduction limits and expense benefit rates that will apply in 2017 when using an automobile for business purposes. Read Full Story
Within its proposed policy framework for 2017, the South Korean Ministry of Strategy and Finance has announced various tax changes to counteract the continued economic uncertainties, including measures to create jobs and support new growth industries. Read Full Story
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