HM Revenue and Customs, the UK tax authority, has reported that it has collected more than GBP4bn (USD5.2bn) in advance tax payments from those taxpayers that have used a tax avoidance scheme.

Brazil should take steps to simplify its tax system to cut compliance costs, the International Monetary Fund has said.

An upsurge in global protectionism could result in the loss of 100,000 Australian jobs and see the average Australian household worse off by nearly AUD1,500 (USD1,188) a year, according to a new report by the Productivity Commission.

The Indian Government has said that all legal services provided to a business should be subject to goods and services tax under a reverse charge.

The South African Revenue Services and the National Treasury on July 19 released for public comment draft legislation that would give effect to the tax proposals announced in the February Budget.

UK Trade Secretary Liam Fox has said that securing a post-Brexit free trade agreement with the EU should be a simple matter but added that the country could „survive“ without one.

Thailand and Turkey have announced that they will begin talks towards a free trade deal, after the completion of a feasibility study by both sides.

Canadian resource company Gabriel Resources Ltd has said that it will „vigorously challenge“ a value-added tax assessment issued by the Romanian tax authority, ANAF, which it says is linked to its decision to begin arbitration proceedings against the Romanian Government.

The Australian Government has moved to clarify the tax treatment of foreign investors, following concerns over the practical operation of the Investment Manager Regime and the new tax system for managed investment trusts.