by Jason Gorringe, Tax-news.com, London 23 June 2017 Irish opposition party Fianna Fail has raised concerns over the concentration of corporation tax receipts among a small number of multinational groups. The party’s finance spokesperson, Michael McGrath, said that he had
US House Passes Mobile Workforce Tax Simplification Bill
by Mike Godfrey, Tax-News.com, Washington 23 June 2017 The US House of Representatives has passed a bill that would stop individual states from imposing income taxes on business travelers who may be otherwise have to comply with tax obligations for
Colombia Announces Initiative To Tackle Tax Evaders
by Mike Godfrey, Tax-News.com, Washington 23 June 2017 Colombia’s tax authorities are to launch a compliance drive, to ensure that companies, and in particular those engaged in international trade, are registered to collect and pay taxes. Beginning on June 29,
Iceland To Cut Top VAT Rate
by Ulrika Lomas, Tax-News.com, Brussels 23 June 2017 Iceland is planning to lower its top rate of value-added tax (VAT) to 22.5 percent from 24 percent from January 1, 2019, the International Monetary Fund (IMF) has said. The country also
Australia Legislates For Wine Equalization Tax Rebate Reform
by Mary Swire, Tax-news.com, Hong Kong 23 June 2017 The Australian Government has introduced legislation to tighten the eligibility criteria for the wine equalization tax rebate. From July 1, 2018, wine producers will be required to own at least 85
Hong Kong Gazettes Funds Tax Exemption Bill
by Mary Swire, Tax-News.com, Hong Kong 23 June 2017 Hong Kong has enacted legislation to introduce a profits tax exemption for privately offered open-ended fund companies (OFCs) if their central management and control exercised in Hong Kong. The Inland Revenue
LawAndScottish Parliament Approves Air Departure Tax
Scottish Parliament has approved plans to replace the UK’s Air Passenger Duty with a devolved Air Departure Tax.
LawAndAustralia Legislates For Wine Equalization Tax Rebate Reform
The Australian Government has introduced legislation to tighten the eligibility criteria for the wine equalization tax rebate.
LawAndColombia Announces Initiative To Tackle Tax Evaders
Colombia’s tax authorities are to launch a compliance drive, to ensure that companies, and in particular those engaged in international trade, are registered to collect and pay taxes.
LawAndHong Kong Gazettes Funds Tax Exemption Bill
Hong Kong has published legislation that would extend a profits tax exemption to privately offered open-ended fund companies (OFCs) based in Hong Kong.