Search Results for: tax
Swiss to Vote on Federal Inheritance Tax
June 9th, 2015
Opponents say the measure could cripple hundreds of Switzerland’s small and midsize companies Switzerland will vote this month on introducing a federal inheritance tax, a levy that opponents say could threaten the small and midsize companies that employ roughly ...
Strengthening the international community’s fight against offshore tax evasion
June 8th, 2015
Australia, Canada, Chile, Costa Rica, India, Indonesia and New Zealand join multilateral agreement to automatically exchange information In a boost for international efforts to strengthen co-operation against offshore tax evasion, seven new countries have joined the agreement to exchange ...
The tax function must transform to become a strategic business asset
June 8th, 2015
Never before has tax been more important to governments, taxpayers and other stakeholders. Increased global compliance requirements, together with a greater need for robust controls to manage tax risks and a desire to use data analytics to assist in ...
Deloitte named European Tax Innovator of the Year
June 8th, 2015
Members of the Deloitte network have been named European Tax Innovator of the Year at the recent International Tax Review (ITR) European Tax Awards. Deloitte member firms won 15 ITR tax awards in total this year, more than any ...
Rights groups reject OECD approach on corporate tax avoidance
June 2nd, 2015
An international campaign to stamp out corporate tax dodging will fail and G20 leading economies should instead adopt a global minimum tax rate for multinationals, a coalition of 10 charities and human rights bodies said. The G20 asked the ...
EU-Switzerland taxation agreement signed in joint effort to improve tax compliance
May 28th, 2015
The European Union and Switzerland on 27 May 2015 signed an agreement on the automatic exchange of financial account information, aimed at improving international tax compliance. The agreement represents an important step in ongoing efforts to clamp down on tax fraud and tax ...
Breach at IRS Exposes Tax Returns
May 27th, 2015
Thieves used agency’s online services to get information for about 100,000 households The Internal Revenue Service said Tuesday that identity thieves used one of its online services to obtain prior-year tax return information for about 100,000 U.S. households, a ...
Amazon pays $16 million tax in Germany, while making $11.9 billion sales
May 26th, 2015
Internet retailer Amazon.com Inc.’s (AMZN.O) main German operating unit paid just 11.9 million euros ($16 million) in tax in 2014, despite the group recording $11.9 billion in sales to German customers last year, regulatory filings show. Germany is Amazon’s ...
The Earned Income Tax Credit
May 26th, 2015
The single largest federal program for providing cash assistance to those with low incomes is the Earned Income Tax Credit, which in 2014 reduced taxes owed by the working poor by about $3.6 billion while transferring to those households ...
Tougher rules on money laundering to fight tax evasion and terrorist financing
May 25th, 2015
The ultimate owners of companies will have to be listed in central registers in EU countries, open both to the authorities and to people with a “legitimate interest”, such as investigative journalists, under new rules already agreed with the ...
