Investment News

Thu, 28 May 2020 00:00:00 GMT Australia Flags Contrived Tax Avoidance Arrangement
The Australian Taxation Office has issued a Taxpayer Alert on mischaracterized arrangements and schemes connected with direct foreign investment into Australian businesses.

Thu, 28 May 2020 00:00:00 GMT Irish Businesses Seek Tax Support To Bounce Back From COVID-19
Irish business association Ibec has called for the establishment of a Commission on Taxation, as part of a package of measures to "reboot" the economy after the coronavirus pandemic.

Thu, 28 May 2020 00:00:00 GMT No New Tax Announcements In New Zealand's 2020 Budget
New Zealand's new 2020 Budget, announced on May 14, highlighted recently enacted tax measures and announced the creation of a new NZD50bn COVID-19 Response and Recovery Fund.

Fri, 15 May 2020 00:00:00 GMT COVID-19: Ireland Eases Close Company Surcharge Rules
The Irish Revenue has announced the implementation of temporary measures in relation to the close company surcharge regime, in response to the coronavirus pandemic.

Fri, 15 May 2020 00:00:00 GMT Bill Would Exclude US Territories, Possessions From GILTI Regime
On May 4, 2020, a bill was introduced in the United States House of Representatives to limit the impact of the Global Intangible Low Tax Income regime on businesses based in US territories and possessions.

Wed, 15 Apr 2020 00:00:00 GMT Switzerland To Amend Withholding Tax Act
The Swiss Federal Council has launched a consultation on proposals to close what it says is a loophole in the withholding tax system, in a bid to strengthen the country's debt market.

Mon, 30 Mar 2020 00:00:00 GMT New Zealand Enacts COVID-19 Support Bill
New Zealand has enacted The COVID-19 Response (Taxation and Social Assistance Urgent Measures) Bill to support businesses and individuals cope with the COVID-19 outbreak.

Tue, 17 Mar 2020 00:00:00 GMT OECD Publishes Comments On CbC Reporting Review
The OECD's public consultation on a review into the new transfer pricing documentation rules proposed as part of BEPS Action 13 has closed. It has published the 79 responses received.

Tue, 17 Mar 2020 00:00:00 GMT New Zealand Proposing GST Exemption For Crypto-Assets
New Zealand's Inland Revenue Department has announced the launch of a consultation on potential reforms to improve the goods and services tax regime.

Tue, 17 Mar 2020 00:00:00 GMT Ukraine Mulling Tax Breaks For Intellectual Property Income
The Government of Ukraine has announced plans to introduce a special tax regime for certain intellectual property income.

Tue, 3 Mar 2020 00:00:00 GMT Namibia To Repeal 'Harmful' Tax Incentives
Namibia's Minister of Finance, Calle Schlettwein, has tabled a legislative amendment in parliament that will repeal certain tax incentives attached to Export Processing Zones as well as those aimed at the manufacturing sector.

Thu, 20 Feb 2020 00:00:00 GMT OECD Says Digital Tax Plans Will Boost Most States' Revenues
During a February 13, 2020, webcast, the OECD presented economic analysis on the potential impact of what it has proposed on international tax reform to address the digitalization of the economy.

Thu, 20 Feb 2020 00:00:00 GMT Indonesia Tables Legislation For Comprehensive Tax Reform
Indonesia has reportedly tabled draft legislation in the House of Representatives to make wide-ranging changes to the tax system, including lowering the corporate tax rate and modernizing rules for digital economy players.

Thu, 6 Feb 2020 00:00:00 GMT OECD To Report On Potential Impact Of Its New Digital Tax Rules
The OECD is to host a webcast on February 13, 2020, to present its analysis of the potential impact of its proposals for international tax reform to address the tax challenges arising from the digitalization of the economy.

Wed, 15 Jan 2020 00:00:00 GMT Korea Enacts 2019 Tax Revision Bill
The Korean Government has announced that the 2019 Tax Revision Bill was enacted on January 6, 2020, with a number of new measures added to the existing proposals.

Wed, 8 Jan 2020 00:00:00 GMT Malta Updates Guidelines On Automatic Exchange Of Account Info
Malta's Commissioner for Revenue on January 2, 2020, issued a single set of guidelines on the automatic exchange of financial account information.

Mon, 16 Dec 2019 00:00:00 GMT Germany Presents Text For EU Financial Transactions Tax
German Finance Minister Olaf Scholz has presented a final proposal for a European Union financial transactions tax to the 10 member states participating in the initiative.

Mon, 25 Nov 2019 00:00:00 GMT American Firms Concerned By Canadian Digital Tax Plan
Representatives from US trade and industry associations have voiced concern about a digital services tax proposal floated during the recent Canadian election which they argue will "impose discriminatory requirements on the digital economy."

Fri, 15 Nov 2019 00:00:00 GMT Slovenian Lawmakers Approve Corporate Minimum Tax Plan
On October 23, 2019, Slovenia's National Assembly adopted a package of tax measures which includes changes to corporate, personal, and capital gains taxes.

Fri, 8 Nov 2019 00:00:00 GMT Warren Announces US Corporate Tax And Wealth Tax Plans
On November 1, 2019, the presidential campaign of United States Senator Elizabeth Warren (D-MA) published plans for a system of universal Medicare that will be partially funded by tax increases on large corporations and wealthy individuals, as well a...