Search Results for: tax
French 2017 Budget Confirms Corporate Tax Cut
September 30th, 2016
The French Government has confirmed that an intermediate rate of corporate tax will be introduced next year, to reduce the tax burden on small- and medium-sized firms. Under current rules, business income up to EUR38,120 (USD42,730) per year is ...
EU To Create List Of Non-Cooperative Tax Jurisdictions
September 26th, 2016
The European Commission has confirmed plans to draw up a pan-EU list of non-cooperative tax jurisdictions. In announcing the plans on September 15, the Commission released “a pre-assessment of all third countries according to key indicators.” The intention is ...
French government indicates will reclaim SocGen tax deduction if trader wins case
September 23rd, 2016
The French government indicated on Friday it would reclaim a 2.2 billion euro ($2.46 billion) tax deduction from Societe Generale (SOGN.PA) if an appeal court rules ex-trader Jerome Kerviel should not have to pay damages for losses he caused. ...
Switzerland’s Supreme Court Permits Dutch Tax Info Request
September 22nd, 2016
Switzerland’s Supreme Court has overturned the decision of a lower court preventing information on bank accounts held by Dutch citizens with UBS to be sent to the Netherlands tax authority. Upholding an appeal by a Dutch client of Swiss ...
Apple Japan unit ordered to pay $118 million tax for underreporting income
September 16th, 2016
An Apple Inc iTunes unit in Japan was ordered to pay some 12 billion yen ($118 million) in tax by local authorities after underreporting income, media reported Friday. The unit has since paid the amount, the reports said. The ...
France announces €1bn pre-election cut in income tax
September 13th, 2016
Move to benefit more than five million households with average gain of nearly €200 The French government will cut income tax by €1 billion in its 2017 budget, the finance ministry said on Friday, seeking to ease the pain ...
Wales levies first tax in 800 years
September 12th, 2016
Wales’ emergence as a separate jurisdiction takes a new step today with the introduction of legislation designed to create the first Welsh tax in 800 years. If approved, the land transaction tax, payable on the purchase or lease of ...
Abu Dhabi Tax-Free Zone Offers Bespoke Rules For FinTech Startups
September 12th, 2016
Abu Dhabi Global Market, a tax-free zone in the United Arab Emirates, has released details on its new Regulatory Lab initiative, which is intended to support companies to develop and test new financial technology solutions. The ADGM has released ...
BDO welcomes three new tax partners
September 9th, 2016
Accountancy and business advisory firm BDO LLP continues to invest in its tax offering with three new partner appointments. Last year, revenues in BDO’s tax team increased by 20%, making it the fastest growing tax practice of the ten ...
Low tax Zug aims to become Switzerland’s ‘Crypto Valley’
September 8th, 2016
Zug town hall now accepts bitcoin More than a dozen crypto currency firms operating there so far Government looking at changing regulation to attract more firms The small Swiss canton of Zug, famed for the low taxes that have ...
