Search Results for: tax
Spain aims to raise 500 million euros from new environmental taxes
December 28th, 2016
Spain wants to raise 500 million euros ($528 million) from new environmental taxes as part of a package of fiscal measures to meet the European Union‘s budget deficit goals. The new environmental taxes are part of the revised budgetary ...
Mauritius Rejects ‘Tax Haven’ Label
December 27th, 2016
On December 16, Mauritius’s Financial Services Commission (FSC) and the Financial Services Promotion Agency (FSPA) condemned a Oxfam policy paper labeling Mauritius a tax haven. The FSC and FSPA pointed out that it is unfounded to claim that Mauritius ...
Practices join forces to launch TaxGo digital service
December 21st, 2016
A digital-only tax service aiming to be the ‘biggest UK firm’ by client numbers has launched for entrepreneurs and micro-businesses, by the heads of two successful accounting practices. TaxGo has been set up by d&t’s Carl Reader and Ben ...
Japan: Anti-tax haven (CFC) proposals in 2017 tax reform
December 15th, 2016
The ruling coalition (the Liberal Democratic Party and New Komeito) on 8 December 2016 agreed on an outline of 2017 tax reform proposals, among which are proposed amendments to the Japanese anti-tax haven (CFC) regime. Under the proposed 2017 ...
Germany accused of strangling EU tax transparency
December 13th, 2016
A German-led group of EU states is trying to strangle plans for greater tax transparency, amid the restart of an iconic whistleblower case. Germany was accused of leading the behind-the-scenes attack on a European Commission proposal to raise transparency ...
Taxation roles and other VAT-related positions are currently seeing very huge demand in UAE
December 12th, 2016
With the forthcoming implementation of value-added tax (VAT) in the UAE and across the region, companies are going to face a huge talent crunch next year, according to recruitment specialists. Businesses in the UAE are gearing up for the ...
McDonald’s Is Moving Its International Tax Base to the U.K. Amid EU Scrutiny
December 9th, 2016
It has come under growing scrutiny from EU regulators over its tax arrangements in Luxembourg. McDonald‘s said on Thursday it would move its international tax base to the United Kingdom from Luxembourg after coming under increased scrutiny from European ...
UK Financial Services Firms pay the highest recorded tax contribution
December 8th, 2016
Total tax contribution for the sector reached £71.4 billion in the year to 31 March 2016 A 7.4% increase on the previous year’s figures The contribution is 11.5% of total UK government tax receipts The equivalent of almost a ...
Spain To Hike Corporate Tax Burden
December 6th, 2016
The Spanish Government announced a revenue-raising Budget on December 2 that will increase the tax take from corporations. While the recently formed Government chose to leave the 25 percent corporate tax rate intact, Spain will restrict corporate tax deductions. ...
EU announces new tax rules to support online trading booming market
December 5th, 2016
Statement by Vice-President Ansip at the press conference to announce new tax rules to support e-commerce and online businesses in the EU Online trading is a booming market, for buyers as well as sellers. Europe could be making so ...
