Tax-News.Com Live Tax Headlines Live Tax Headlines From Tax-News.Com en-us 12/13/2017 10:30:37 PM 12/13/2017 10:30:37 PM Canadian Taxes Highly Progressive, Think Tank Says The top 20 percent of income earners in Canada will pay 55.9 percent of all taxes this year, according to research by the Fraser Institute. 12/13/2017 4:37:00 PM Facebook Bows To Int'l Pressure To Drop Irish Tax Arrangement Facebook announced on December 12, 2017, that it would significantly alter how it books its advertising revenue, to pay more tax to the countries where its users are based. 12/13/2017 4:37:00 PM Canadian SMEs Seek Delay To New Tax Rules The Canadian Federation of Independent Business has called for the implementation of new income sprinkling rules to be delayed. 12/13/2017 4:37:00 PM Bermuda, US Agree To Exchange CbC Reports Bermuda and the US recently signed an agreement providing for the automatic exchange of country-by-country reports. 12/13/2017 4:37:00 PM Canadian Ministers 'Committed To Beneficial Ownership Transparency' Finance ministers from across Canada have said that they are committed to ensuring greater transparency of beneficial ownership information. 12/13/2017 4:37:00 PM Maldives Signs First Bilateral Free Trade Deal, With China China and the Maldives signed a free trade agreement on December 7, having concluded negotiations towards the deal in September. 12/13/2017 4:37:00 PM Netherlands Begins Legal Challenge To German Road Tax The Netherlands has joined Austria in issuing a legal challenge to Germany's road charging scheme at the European Court of Justice. 12/13/2017 4:38:00 PM UAE Sets Out Scope Of New 5pc VAT The United Arab Emirates Federal Tax Authority on December 5 released tabulated data on what goods and services will be subject to value-added tax at the standard rate, zero rate, or exempt from January 1, 2018. 12/13/2017 4:38:00 PM Korean FTA Helping To Boost Australian Exports Australia's Trade Minister, Steven Ciobo, has hailed the success of the country's free trade agreement with Korea, which he said has boosted exports during its three years of operation. 12/13/2017 4:37:00 PM UK Imprisons Fraud Ring That Used HMRC Insider HM Revenue and Customs has welcomed prison terms for a gang, including a former HM Revenue and Customs employee, that stole more than GBP2.4m (USD3.2m) in value-added tax. 12/13/2017 4:38:00 PM