Tax-News.Com Live Tax Headlines

Tax-News.com: US Study Doubts Merits Of Payroll Tax Cuts

2/10/2012 6:36:00 AM

Tax-News.com: A paper from the Tax Foundation has disclosed that, if the objective is to increase long-term growth in the United States economy, reducing corporate and individual income taxes would be more effective than an extension to the payroll tax cut.

Tax-News.com: Barnier Renews Drive For Europe-Wide FTT

2/10/2012 5:59:00 AM

Tax-News.com: In the ongoing debate over the introduction of a financial transactions tax, European Commissioner for the Internal Market Michel Barnier has recently insisted on the need for a 'complete solution' involving all 27 European Union member states.

Tax-News.com: Korean Opposition Promises To Axe KORUS FTA

2/10/2012 6:04:00 AM

Tax-News.com: South Korea�s main opposition Democratic Party has confirmed that it would cancel the free trade agreement with the United States if it became the majority party in parliamentary elections due in April this year.

Tax-News.com: IRS Gives Guidance On Veterans Tax Credit

2/10/2012 6:01:00 AM

Tax-News.com: The United States Internal Revenue Service has released the guidance and forms that employers can use to claim the newly-expanded tax credit for hiring veterans.

Tax-News.com: Switzerland Steps Up Plans To Abolish Stamp Duty

2/10/2012 6:07:00 AM

Tax-News.com: The Committee for Economic Affairs and Taxation of the Swiss National Council has recently announced that it has adopted a bill providing for a revision of the federal law on stamp duty.

Tax-News.com: St Kitts And Nevis Boosts Tax Cooperation

2/10/2012 7:31:00 AM

Tax-News.com: Saint Kitts and Nevis' Cabinet has approved the signing of a Tax Information Exchange Agreement with India and has endorsed the commencement of negotiations towards similar agreements with a further four nations.

Tax-News.com: US To Cooperate With EU Countries On FATCA

2/10/2012 4:27:00 AM

Tax-News.com: The United States Treasury Department and the Internal Revenue Service have issued proposed regulations for the next major phase of implementing the Foreign Account Tax Compliance Act, which also includes a joint statement with France, Germany, Italy, Spain and the United Kingdom on a possible government-to-government framework for information exchange.

Tax-News.com: Putin Eyes New Wealth Taxes

2/10/2012 4:26:00 AM

Tax-News.com: Russian presidential candidate and current Prime Minister Vladimir Putin has announced that, if elected, his government would increase taxes on luxury items as part of a larger reform of the tax system to reduce the country's over-dependence on oil revenues and fund ballooning government expenditure.

Tax-News.com: China Reports Surge In Non-Resident Corporate Tax

2/10/2012 4:26:00 AM

Tax-News.com: China�s State Administration of Taxation has disclosed that it collected over RMB100bn in corporate tax from non-resident enterprises in 2011, showing strong growth since the new basis for corporate tax was first introduced in March 2009.

Tax-News.com: Dutch Central Bank Deems FTT 'Unworkable'

2/10/2012 4:27:00 AM

Tax-News.com: The Dutch central bank has recently insisted that the introduction of a European financial transaction tax is �undesirable�, and warned that it is indeed doubtful whether it will counteract risky market behaviour.