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Byline: TONY KELLER; Staff There is so much in Canada that needs fixing. The health care system, once our national pride, now comes in various shades of broken. In Toronto, [...]

Byline: JUNAID B. JAHANGIR Associate Professor of economics at MacEwan University During the provincial election campaign in Alberta, the United Conservative Party (UCP) frequently criticized the NDP for its proposed [...]

Byline: Tawnya Panizzi Jun. 3Highlands School District residents likely will pay the same in real estate taxes next school year after the board approved its $51.9 million budget. The plan [...]

Byline: Brian C. Rittmeyer May 21Property owners in the New Kensington-Arnold School District may be facing a property tax increase after all. While the school board approved a $48.9 million [...]

Background On 4 August 2023, Luxembourg published a bill of law (the 'Bill') to transpose the EU directive no. 2022/2523 largely known as the 'EU Minimum Tax Directive' or 'Pillar [...]

Starting from the new year, the list of children's products, the sale of which is subject to VAT at a reduced rate of 10%, will be expanded. The President signed [...]

Byline: G Natarajan, Advocate, G N Law Associates OCTOBER 26, 2023: AS per clause (ii) of proviso to sub-section (3) of Section 54 of the GST Acts, refund of accumulated [...]

Corporate taxes: Overview Japan's tax reforms in recent years have steadily reduced the effective corporate income tax rate to 29.74% (from 34.62% in fiscal year 2014/15, ended March 31st). The [...]

The Madeira International Business Centre (MIBC) offers several benefits to companies that are registered there, including a low corporate tax rate of 5%. However, to qualify for these benefits, and [...]

London: UK Government has issued the following news release: Tax consequences of breaching the Genuine Diversity of Ownership (GDO) condition The tax consequences of breaching the GDO condition are explained [...]

Key points On 23 August 2023, the Minister for Resources introduced the Land Valuation Amendment Bill 2023 into Queensland Parliament The Bill amends the Land Valuation Act 2010 and proposes [...]

It is proposed to establish a single state duty rate for issuing a certificate of return to RA. Currently, the state duty rates for issuing a certificate of return to [...]

Frankfurt: Frankfurt, Germany has issued the following news release: The public order office carried out a check in the area of the taxi stop at the main train station. Of [...]

(GlobeNewswire) - The 'Global Regulation of Alternative Tobacco Products' database has been added to ResearchAndMarkets.com's offering. This cutting-edge product bundle comprises three essential datasets, each offering an in-depth perspective on [...]

WASHINGTON -- The following information was released by the Distilled Spirits Council of the United States: Yesterday, the Distilled Spirits Council of the United States (DISCUS) applauded the North Carolina [...]

The 2023-24 Federal Budget, 'A Made-In Canada Plan,' delivered by Finance Minister Chrystia Freeland on March 28, 2023 may have left an unintended 'window' for taxpayers. Although the capital gain [...]

Corporate taxes: Overview Corporate taxes in Italy were reduced starting in tax year 2017. The average corporate tax rate in Italy (imposta sul reddito delle società-IRES) is 24%. A rate [...]

Taxation of Swiss Companies Why Use Switzerland? Switzerland is an attractive jurisdiction to start and operate a business, as a location for individuals and for family protection and safety. Advantages [...]

Taxes on wealth represent a crucial aspect of an individual's or a company's finances in any nation. In this article, we will examine the new wealth tax in Colombia and [...]

By the issuance of the Ruling no. 365/2023, recently published, the Italian Revenue Agency (hereinafter also 'the IRA') released a new relevant opinion on the registration tax rate applicable to [...]

Considering the nature of the global trade system which necessitates connections between the economies of various countries, governments implement exchange rate systems in order to achieve economic and policy objectives. [...]

On August 4, 2023, the Department of Finance of Canada released significant legislative proposals relating to the federal government's proposed measures to grow Canada's clean economy. The release includes the [...]

The OECD released multiple new documents in relation to its Two-Pillar solution, including further Administrative Guidance on the GloBE rules. This Administrative Guidance, amongst others, provides welcome relief for US [...]

WITH the April 17 deadline for the filing of annual income tax returns, a senior lawmaker has reminded taxpayers of provisions of the Tax Reform for Acceleration and Inclusion (Train) [...]

It's a question for every saver: is it still worth putting your money into cash Individual Savings Accounts? These tax-efficient savings vehicles, which were introduced back in 1999, quickly became [...]

Byline: Michael Collins, USA TODAY WASHINGTON - Wealthy Americans will pay higher taxes under the proposed budget that President Joe Biden will send to Congress on Thursday, but Biden says [...]

Byline: Maureen Groppe, USA TODAY WASHINGTON - President Joe Biden wants to raise tax rates on people earning more than $400,000 a year to extend the solvency of Medicare, the [...]

Byline: Glenn Kessler A State of the Union address generally is a product of many hands and is carefully vetted. But State of the Union addresses often are very political [...]

In a press release dated June 11, 2023, the Union Finance Minister, Mrs. Nirmala Sitharaman, announced the outcome of the 50th Goods and Services Tax (GST) Council Meeting and the [...]

Introduction Cyprus has become a destination of choice for High-Net-Worth Individuals (HNWIs) and family offices due to several reasons, including a highly favourable tax system, a strategic geographic location, a [...]

Our tax team, together with our EU & Competition team, assisted a client with an electricity tax audit where the Tax Administration first took a view that the client qualifies [...]

Corporate taxes: Overview The federal government levies corporate income tax on company profits at a rate of 30%, or 25% (from 2021) for small businesses with annual turnover less than [...]

The President of the Republic of Uzbekistan signed the Law 'On introduction of amendments to some legislative acts of the Republic of Uzbekistan aimed at improving the investment and business [...]

Jarva-Jaani: Jarva Municipality, Estonia has issued the following news release: The session of the Jarva Municipal Council will be held on June 22, 2023, starting at 2 p.m. in the [...]

Unanimous decision upheld Court of Appeal judgment entitling Nuffield Health to non-domestic rates relief for charities The UK Supreme Court has released (7 June 2023) its judgment in the case [...]

Corporate taxes: Overview After long having one of the highest nominal rates in Europe, France has gradually reduced its corporate income tax rate from 33.33% in 2017 to 25% from [...]

The purpose of the adoption of the package of projects is the review of the excise tax rates set for products subject to excise tax, as well as the setting [...]

The tourism and events sectors conquered another great victory this Tuesday (30.05). This is because the President of the Republic, Lus Incio Lula da Silva, sanctioned the law that guarantees [...]

The deputies adopted in the first reading the draft federal law 'On Amendments to Articles 284 and 342 of Part Two of the Tax Code of the Russian Federation', which [...]

The State Duma adopted in the first reading a draft law on the introduction of a zero rate of mineral extraction tax (MET) for new gas production projects necessary for [...]

Recently, the Vietnamese Government has submitted to the National Assembly to reduce the value-added tax of 2%, except for telecommunications, real estate, securities, insurance, and banking products. The report submitted [...]

Navigating the Windfall Gains Tax: Implications and Risk Management for the Property Industry In brief The Windfall Gains Tax (WGT), implemented by the Victorian Government, is one of the most [...]

Good news for Chilean workers we received today, after the Chamber of Deputies approved the law that will gradually increase the minimum wage in Chile to $ 500.00. The project [...]

Trends and Developments Living in Interesting Times - the Quest for Certainty The winds of change that have swept through the international tax landscape in recent years show no signs [...]

In Myanmar, a Union Tax Law is enacted each year to announce the rates of tax set out in the Income Tax Law 1974, the Commercial Tax Law 1990, and [...]

Howdy folks, and welcome back to another edition of the Texas Tax Roundup, where we gab about all things Texas tax and perhaps even some things Texas tax adjacent. As [...]