As EU leaders prepare to meet later today to discuss the financial transaction tax (FTT) and improving the efficiency of tax collection, progress must be made on agreeing the scope of the FTT. Even if a consensus emerges, the original timetable for implementation may be delayed to January 2015.
The Business Council of Australia (BCA) has criticised last week's Australian budget, saying the business tax measures announced fall short of what business wants and may hamper investment, and that tax changes should be implemented as part of a more comprehensive process.
Google vice president Matt Brittin was called back to give evidence in front of the UK Parliament’s Public Accounts Committee (PAC) last week, after its members were unsatisfied with his responses in the November hearing alongside Amazon and Starbucks. PAC chairwoman Margaret Hodge accused the company of “doing evil” but many believe international tax rules are to blame for perceived aggressive avoidance.
China’s State Administration of Taxation (SAT) has issued guidance to help taxpayers understand the tax authority’s assessment of how secondment arrangements should work.
Margaret Hodge, chairwoman of the House of Commons’ Public Accounts Committee (PAC) tore into HM Revenue & Customs (HMRC) officials on Thursday, accusing them of “lousy judgment” and branding them “not fit for purpose”.
The main driving forces behind tax reform attempts in the US Congress - Max Baucus and Dave Camp - have launched a new website to increase stakeholder engagement in the tax reform process.
