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The Swiss Federal Council has asked the Finance Department to draw up new proposals for corporation tax reform by mid-2017 at the latest, following its recent referendum defeat. Read Full Story
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
British Columbia is to phase out the provincial sales tax on electricity and reduce the small business tax rate. Read Full Story
In its submission to the Petroleum Resource Rent Tax review, the Business Council of Australia has said that the Government should not pursue changes to the regime unless there are clear benefits from doing so. Read Full Story
On February 17, Hong Kong and Pakistan signed a comprehensive double taxation agreement, which sets out the allocation of taxing rights between the two jurisdictions and will aid the assessment of tax liabilities arising out of cross-border economic activities. Read Full Story
The European Commission has referred Greece to the Court of Justice in a case concerning the reduced rate of excise duty it applies to the alcoholic spirits Tsipouro and Tsikoudià. Read Full Story
Apple has claimed that the European Commission erred in its interpretation of Irish law and violated the principle of legal certainty in ordering the recovery of alleged illegal state aid granted to Apple. Read Full Story
British Columbia's carbon tax is no longer revenue neutral and could result in almost CAD900m (USD687.7m) in higher taxes over the six-year period to 2018-19, according to a new study by think tank the Fraser Institute. Read Full Story
Greece needs to overhaul its tax system as part of the solution to the country's economic woes, the International Monetary Fund said in its annual Article IV report for the country. Read Full Story
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