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A legal challenge to the Comptroller of Income Tax’s decision to share information about certain taxpayers with the Korean tax authorities in response to an exchange of information (EOI) request has been dismissed by the Court of Appeal in Singapore.

The UAE Cabinet made a seemingly minor change earlier this month in how VAT applies to jewellery sales. It is significant for the way in which the VAT system will hold together in the GCC. It may even define the future of VAT in the UAE and the GCC for the next decade.

The government has imposed 12.5% tax on income derived from offshore companies, and has allowed directors serving on boards of various state-owned enterprises to take benefit from the prime minister’s tax amnesty scheme.

Azerbaijan has joined the growing list of countries that are taxing revenue received in cryptocurrencies. Revenues received in cryptocurrency in Azerbaijan are subject to taxation, according to Nijat Imanov, deputy director general of the tax policy and strategic research department for the Taxes Ministry, according to the country’s Trend News Agency. Imanov noted the requirement […]

The Greek government has added yet another tax on goods and services, this time being a two-percent percent levy on the purchase of personal computers, tablets and smartphones.

A number of high-tax states have recently passed legislation to help residents manage new caps on their ability to take federal tax deductions.

Italy’s populist duo has all but completed a governing plan that includes a flat tax as low as 15 percent, a guaranteed income for the poor and a lower retirement age as they prepare to seek a green light from the president on Monday.

Warring creditor groups in Puerto Rico’s ongoing debt restructuring have reached an agreement that could resolve one of the most contentious disputes in the more than $70 billion bankruptcy case.

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The General Authority of Zakat and Tax (GAZT) has stepped up its value-added tax (VAT) inspections in the build-up to Ramadan with its accompanying rise in trade.

A proposed tax on financial transactions in 10 European Union countries could generate about 19.6 billion euros ($23.5 billion) of annual revenue, though Brexit could make collection more difficult, according to a new estimate.

Tourism Minister Kelvin Davis says the last thing we want is for international tourists to leave New Zealand with a bad experience. Speaking in reference to the pressure that the growing number of tourists is bringing to New Zealand and the mess caused by a lack of facilities, he is right.

Coalition says costings for budget’s tax measures too ‘unreliable’ to release

The research analysed whether large US financial institutions have simplified their structures in the wake of the financial crisis.

The Italian coalition taking shape 10 weeks after March’s inconclusive election has made economic promises that seem incompatible with Europe’s fiscal rules and will be hard, if not impossible, to keep.

The tax hit on holding vacant land is a form of “double taxation” that could hurt developers, the supply of housing and affordability, Frasers Property Australia chief executive Rod Fehring says.

Nigeria’s tax base has surged 36 percent in the past two years, but only about one in four working-age people is registered.

Increase in the kingdom’s spending on wages and social benefits during the first quarter exceeded what it accrued through higher taxes and lower subsidies.

The government of Peru announced today that there will be higher tax rates for sugary drinks, alcohol, cigarettes, gasoline as well as other products in order to encourage a healthier population.

The OECD and the European Commission recently released papers on the taxation of the digital economy, reflecting the political desire in some countries for measures to address perceived tax imbalances. Alison Lobb and Jamie Bedford of Deloitte UK take a closer look at both proposals.

The Trump Administration is pushing to add or strengthen work requirements for programs that benefit low- and middle-income people but holds a different view when it comes to the wealthy. Most tax cuts enjoyed by the richest 1 percent of households under the recently enacted Tax Cuts and Job Act (TCJA) are tax cuts for […]

MPs have voted against a proposal to tax expat remittances. The proposal had been criticised by a cross-section of the expat community and was deemed unconstitutional by the parliament’s financial and economic affairs committee.

A majority of New Zealanders say they would support higher or new taxes to maintain funding for schools, hospitals and transport systems, according to polling by the country’s largest union.

The German government says solid economic growth and low unemployment are expected to boost its tax take over the next few years.

The Turnbull government’s plan to pursue billions of dollars in income tax cuts over the next seven years will radically alter Australia’s progressive income tax system, shifting more than 80% of workers to a flat tax, according to analysis.

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