Tax News
Thu, 01 November 2007
US Congress Extends Internet Tax Moratorium
The House of Representatives has voted to approve new legislation that will extend the moratorium on internet access taxes at state and local government level by seven years. Details.
US Congress Extends Internet Tax Moratorium
The House of Representatives has voted to approve new legislation that will extend the moratorium on internet access taxes at state and local government level by seven years. Details.
Thu, 01 November 2007
Rangel Says His Tax Bill Will Boost Small Business
House Ways and Means Committee Chairman Charles Rangel (D - NY) says that his wide ranging (and widely criticised) tax reform bill announced last week will provide 'overwhelming' tax relief to America's small businesses. Details.
Rangel Says His Tax Bill Will Boost Small Business
House Ways and Means Committee Chairman Charles Rangel (D - NY) says that his wide ranging (and widely criticised) tax reform bill announced last week will provide 'overwhelming' tax relief to America's small businesses. Details.
Thu, 01 November 2007
New Anti-Dumping Investigations Down, Says WTO
The WTO Secretariat on Tuesday reported that during the period 1 January-30 June 2007, the number of initiations of new anti-dumping investigations declined sharply, dropping by 47% compared with the number during the corresponding period of 2006. The number of new measures also declined, by 20%. Details.
New Anti-Dumping Investigations Down, Says WTO
The WTO Secretariat on Tuesday reported that during the period 1 January-30 June 2007, the number of initiations of new anti-dumping investigations declined sharply, dropping by 47% compared with the number during the corresponding period of 2006. The number of new measures also declined, by 20%. Details.
Wed, 31 October 2007
Nordic Countries Sign Tax Deal With Isle Of Man
An association of Nordic countries have this week concluded a package of Tax and Information Exchange Agreements (TIEA) with the Isle of Man. Details.
Nordic Countries Sign Tax Deal With Isle Of Man
An association of Nordic countries have this week concluded a package of Tax and Information Exchange Agreements (TIEA) with the Isle of Man. Details.
Wed, 31 October 2007
DIFX Launches Islamic Structured Products On New Platform
The Dubai International Financial Exchange (DIFX) is preparing to list a range of Islamic structured products that will offer investors attractive new Shariah-compliant opportunities. Details.
DIFX Launches Islamic Structured Products On New Platform
The Dubai International Financial Exchange (DIFX) is preparing to list a range of Islamic structured products that will offer investors attractive new Shariah-compliant opportunities. Details.
Wed, 31 October 2007
US Venture Capital Lobby Reacts To Rangel Tax Plan
The US National Venture Capital Association (NVCA) has expressed 'deep concern' over provisions proposed in the Tax Reduction and Reform Act that would increase the amount of tax paid on private equity fund partners' carried interest. Details.
US Venture Capital Lobby Reacts To Rangel Tax Plan
The US National Venture Capital Association (NVCA) has expressed 'deep concern' over provisions proposed in the Tax Reduction and Reform Act that would increase the amount of tax paid on private equity fund partners' carried interest. Details.
Tue, 30 October 2007
New Zealand Income Tax Bill Approved
Finance Minister Michael Cullen and Revenue Minister Peter Dunne (pictured) have hailed the passage of legislation which rewrites New Zealand’s income tax law. Details.
New Zealand Income Tax Bill Approved
Finance Minister Michael Cullen and Revenue Minister Peter Dunne (pictured) have hailed the passage of legislation which rewrites New Zealand’s income tax law. Details.
Tue, 30 October 2007
Court Ruling Allows HMRC To Be Sued For Negligence
The Court of Appeal in London has backed a taxpayer in his attempt to extract compensation from HMRC for administrative errors and delays that he claims nearly sunk his business. Details.
Court Ruling Allows HMRC To Be Sued For Negligence
The Court of Appeal in London has backed a taxpayer in his attempt to extract compensation from HMRC for administrative errors and delays that he claims nearly sunk his business. Details.
Tue, 30 October 2007
NTU Pans Rangel's Grand Tax Plan
The "mother of all reforms" unveiled last week by House Ways and Means Committee Chairman Charles Rangel (D-NY) really raises the tax burden on hard-working households and small businesses, according to the nonpartisan National Taxpayers Union (NTU), and will do nothing but rankle taxpayers. Details.
NTU Pans Rangel's Grand Tax Plan
The "mother of all reforms" unveiled last week by House Ways and Means Committee Chairman Charles Rangel (D-NY) really raises the tax burden on hard-working households and small businesses, according to the nonpartisan National Taxpayers Union (NTU), and will do nothing but rankle taxpayers. Details.
Mon, 29 October 2007
Rangel Introduces Tax Reduction and Reform Act
US Representative Charles Rangel, the New York Democrat in charge of the House Ways and Means Committee, has introduced wide-ranging tax legislation into the House that proposes to deliver tax cuts for millions of Americans, while cutting taxes for US business. Details.
Rangel Introduces Tax Reduction and Reform Act
US Representative Charles Rangel, the New York Democrat in charge of the House Ways and Means Committee, has introduced wide-ranging tax legislation into the House that proposes to deliver tax cuts for millions of Americans, while cutting taxes for US business. Details.
Mon, 29 October 2007
US Senate Votes For 7 Year Internet Tax Moratorium
Lawmakers must now race against time to enact legislation extending the moratorium on internet taxes after the Senate voted for a further 7-year ban - three years longer than the recently-approved House of Representatives bill. Details.
US Senate Votes For 7 Year Internet Tax Moratorium
Lawmakers must now race against time to enact legislation extending the moratorium on internet taxes after the Senate voted for a further 7-year ban - three years longer than the recently-approved House of Representatives bill. Details.
Mon, 29 October 2007
Research And Development Tax-Breaks Increase, Says OECD
A new OECD report says that more and more member governments are giving firms tax breaks to drive innovation while cutting their direct spending on business research and development, and are also encouraging public research organisations to commercialise their inventions. Details.
Research And Development Tax-Breaks Increase, Says OECD
A new OECD report says that more and more member governments are giving firms tax breaks to drive innovation while cutting their direct spending on business research and development, and are also encouraging public research organisations to commercialise their inventions. Details.
Fri, 26 October 2007
US And Iceland Sign New Income Tax Treaty
The Treasury Department announced earlier this week that Deputy Secretary Robert M. Kimmitt and Icelandic Finance Minister Árni M. Mathiesen have signed a new income tax treaty between the United States and Iceland. Details.
US And Iceland Sign New Income Tax Treaty
The Treasury Department announced earlier this week that Deputy Secretary Robert M. Kimmitt and Icelandic Finance Minister Árni M. Mathiesen have signed a new income tax treaty between the United States and Iceland. Details.
Fri, 26 October 2007
Mauritius Cabinet Approves National ICT Strategy
The Mauritian cabinet has approved a national ICT strategy, with the aim of elevating the jurisdiction towards the status of a regional technology hub over the next five years. Details.
Mauritius Cabinet Approves National ICT Strategy
The Mauritian cabinet has approved a national ICT strategy, with the aim of elevating the jurisdiction towards the status of a regional technology hub over the next five years. Details.
Fri, 26 October 2007
US Lawmakers Approve Redevelopment Tax Breaks
The tax-writing committee of the US House of Representatives has approved legislation that will update the current Trade Assistance Adjustment program, and provide new tax breaks to help companies operating in areas of the United States which have been adversely affected by international trade. Details.
US Lawmakers Approve Redevelopment Tax Breaks
The tax-writing committee of the US House of Representatives has approved legislation that will update the current Trade Assistance Adjustment program, and provide new tax breaks to help companies operating in areas of the United States which have been adversely affected by international trade. Details.
Thu, 25 October 2007
Jersey Unveils Budget 2008
The Jersey government on Tuesday published its 2008 budget, proposing increases in the thresholds at which income tax is paid, as well as a 20% increase in the tax allowances for children and students in higher education. Details.
Jersey Unveils Budget 2008
The Jersey government on Tuesday published its 2008 budget, proposing increases in the thresholds at which income tax is paid, as well as a 20% increase in the tax allowances for children and students in higher education. Details.
Thu, 25 October 2007
US Treasury Urges Swift AMT Fix
The United States Treasury Department has told Congress that it is 'critical' that a temporary fix to the alternative minimum tax is enacted by early November, to avoid confusion and delays come the 2008 tax filing season. Details.
US Treasury Urges Swift AMT Fix
The United States Treasury Department has told Congress that it is 'critical' that a temporary fix to the alternative minimum tax is enacted by early November, to avoid confusion and delays come the 2008 tax filing season. Details.
Thu, 25 October 2007
Australia Improves Superannuation System For Temporary Residents
All future superannuation contributions and balances for temporary residents in Australia will be required to be paid to the Australian government, under reforms to the system announced recently by Minister for Revenue and Assistant Treasurer, Peter Dutton. Details.
Australia Improves Superannuation System For Temporary Residents
All future superannuation contributions and balances for temporary residents in Australia will be required to be paid to the Australian government, under reforms to the system announced recently by Minister for Revenue and Assistant Treasurer, Peter Dutton. Details.
Wed, 24 October 2007
Cullen Blames 'One-Off Accounting Change' For Increased Tax Burden
New Zealand's slip down the OECD's tax burden league table fails to take account of a "one-off accounting change" in the government's budget, according to Finance Minister Michael Cullen. Details.
Cullen Blames 'One-Off Accounting Change' For Increased Tax Burden
New Zealand's slip down the OECD's tax burden league table fails to take account of a "one-off accounting change" in the government's budget, according to Finance Minister Michael Cullen. Details.
Wed, 24 October 2007
DP World Launches IPO To Float 20% Stake
It emerged at the weekend that UAE-based global marine terminal operator, DP World, has applied for its shares to be admitted to the official list of securities of the Dubai International Financial Exchange, and to list its shares on the DIFX. Details.
DP World Launches IPO To Float 20% Stake
It emerged at the weekend that UAE-based global marine terminal operator, DP World, has applied for its shares to be admitted to the official list of securities of the Dubai International Financial Exchange, and to list its shares on the DIFX. Details.