On September 8, Mexico’s President Peña Nieto presented a long-awaited tax reform proposal to Congress. The measures it contains, which include a scrapping of the planned corporate tax reduction and an additional tax on dividends, will not be welcomed by taxpayers.
Guernsey has signed a tax information exchange agreement (TIEA) with Switzerland, taking the number of such agreements signed by the UK crown dependency to 46.
Tax justice campaigners have commissioned a formal legal opinion from law firm Farrer & Co, which states that UK company directors have no fiduciary duty to their shareholders to mitigate their tax liability through tax avoidance techniques.
Indirect tax issues have been a point of contention in Australian politics ever since former Prime Minister Julia Gillard went back on her pre-election promise not to introduce a carbon tax. A new government has now taken office, and the removal of Gillard’s carbon pricing mechanism and minerals resource rent tax (MRRT) will be high on its agenda.
A change in government means a change in policy. Australians went to the polls on September 7 to elect a new federal government and it is clear the previous Labor government will be replaced by a coalition formed by the Liberal and National parties. Tax policy was a key division between the parties pre-election, so taxpayers should prepare for changes.
