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At a press briefing on February 21, China's Minister of Commerce, Gao Hucheng, indicated that his country would react were the US to impose a border adjustment tax. Read Full Story
Laos should increase its revenues by broadening the tax base, reducing exemptions, and strengthening tax administration, the International Monetary Fund said in its Article IV Report for the country. Read Full Story
It still remains uncertain as to how Italy's additional 2017 fiscal adjustment required by the European Commission will be funded, but a major part could involve cuts to individual income tax deductions. Read Full Story
Saudi Arabia's Cabinet has approved the introduction of the "selective tax" that is being rolled out across the Gulf Cooperation Council member countries. Read Full Story
Ex-premier Matteo Renzi's Democratic Party has refused to support hikes to excise taxes that are being proposed as a major element in Italy's additional 2017 fiscal adjustment, required by the European Commission. Read Full Story
Small- and medium-size enterprises will need to make significant changes to comply with HM Revenue and Customs's (HMRC's) Making Tax Digital project, says a new survey. Read Full Story
HM Revenue and Customs has launched a consultation on simplifying administration procedures for those who produce, process, or store alcohol subject to excise duty. 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
Nigeria's Minister of Budget and National Planning, Udoma Udo Udoma, has denied that the Nigerian Government intends to raise taxes and will instead focus on compliance. Read Full Story
HM Revenue and Customs's new measure to crackdown on abuse of a VAT simplification scheme for small businesses may be ineffective and have unwelcome consequences for tax-compliant businesses, the Chartered Institute of Taxation has said. Read Full Story
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