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Law & Tax News
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News and reference material on law and tax for international businesses.
News and reference material on law and tax for international businesses.

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The Canadian Government has tabled a detailed Notice of Ways and Means Motion to implement tax provisions contained in its 2014 Budget, along with a number of previously unannounced measures.

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The European Court of Justice (ECJ) has ruled that Italy's decision to levy a higher minimum excise duty on cheaper-than-average cigarettes contravenes EU law.

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Singapore's Accounting and Corporate Regulatory Authority (ACRA) has announced that it is to streamline its regulatory fee structure for businesses, with fees for most ad hoc transactions being removed.

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Both the Securities Industry and Financial Markets Association (SIFMA) and Mindtree, a global technology services company, have pointed out the immense global compliance costs and issues posed by the Foreign Account Tax Compliance Act (FATCA) to the financial services industry.

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The free trade agreement (FTA) between Hong Kong and Chile, which was originally signed on September 7, 2012, enters into force on October 9, 2014.

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South Korea and New Zealand are likely to conclude a free trade agreement (FTA) by the end of this year, South Korean Trade Minister Yoon Sang-jick said recently.

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UK Chancellor George Osborne has said that a future Conservative Government would honor, in full, its commitments to Scotland by handing over greater fiscal autonomy to the Scottish Parliament.

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As a member of the Organization for Economic Co-operation and Development (OECD) Global Forum on Transparency and Exchange of Information for Tax Purposes, Macau has expressed its support for the global new standard on the automatic exchange of information, which has the purpose of enhancing tax transparency and combating cross-border tax evasion.

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The Philippines has become the 68th signatory of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, when, in Paris on September 26, it was signed by Bureau of Internal Revenue (Commissioner Kim Jacinto Henares.)

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In their reaction to his proposed regulations to limit corporate inversions, both the Business Roundtable and the United States Chamber of Commerce (USCC) suggested that Treasury Secretary Jack Lew had made matters worse by issuing his proposed regulations, and looked instead for immediate comprehensive tax reform.
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