Businesses are latching onto Australian Treasurer Joe Hockey’s commitments to reducing personal income tax, calling for such reforms to be extended to corporate taxation, too.
Parthasarathi Shome is the man who will lead India’s International Tax Research and Analysis Foundation (ITRAF), launched as a non-lobbying, apolitical think-tank which will provide research and other services to supplement government efforts to implement effective tax policy.
Entities in Luxembourg (and Mauritius) now have an extra month to submit their first FATCA report Luxembourg extended the deadline for financial institutions to submit their first report under the US Foreign Account Tax Compliance Act (FATCA). Mauritius has also announced a similar extension.
India’s tax authorities have adjourned a Supreme Court hearing for the Castleton case on minimum alternate tax (MAT) to allow themselves more time to study the AP Shah panel’s report on the issue.
