The Swiss Bankers Association (SBA) has stated that Switzerland’s tax agreement with the UK, which entered into force on January 1 2013, will result in far less revenue for the UK exchequer than previously assumed.
The French Ministry of Finance has released a tax simplification plan, authored by politician Thierry Mandon, which could see interaction and cooperation between taxpayers and tax authorities reach new levels.
As part of its efforts to alter its perception in the tax world, Mauritius has signalled its willingness to renegotiate the tax treaty it has with India by offering to insert a limitation of benefits (LOB) clause to prevent abuse of the double taxation avoidance agreement.
A report released yesterday by the US Government Accountability Office (GAO) indicates that effective tax rates (ETRs) for American companies are well below the top statutory tax rate of 35%.
Belgium is to shut down a loophole that allows companies to avoid corporate taxation on annual dividend distributions to shareholders, the government has confirmed.
