Stories that are tagged 'tax breaks'

	Vietnam's SMEs Get VAT Boost 5/16/2012 Vietnam’s Ministry of Finance has announced an extension to value added tax payment deadlines, so as to provide financial assistance, in particular, to small and medium-sized enterprises.
	Hong Kong Abolishes Corporate Capital Duty 5/15/2012 The Registrar of Companies, Ada L L Chung, has announced that the capital duty currently levied on Hong Kong companies will be abolished from June 1, 2012.
	Democrats Introduce In-Sourcing Bill Into US Congress 5/15/2012 Democrats in the Senate and House of Representatives have introduced into the United States Congress the main tax measure out of President Barack Obama’s recently-announced “To Do List”, to provide a tax credit for companies over the cost of moving operations back to the country.
	UK Donations To Qualify For UK Top Up Payments 5/10/2012 Debate over the UK's reform of the tax treatment of charities continues, with news that charities will be able to claim top-up payments on certain small donations without needing donors to claim tax reliefs, and a new survey showing that a majority of peers object to plans to cap tax relief on donations.
	Australian Budget Scraps Planned Business Tax Cuts 5/10/2012 A planned cut to business tax rates will not go ahead in Australia, as the government seeks to redirect projected mining tax revenue to help families and small businesses in the face of ongoing disputes with opposition parties.
	US Congress Investigates Tax Fraud 5/10/2012 The House of Representatives Ways and Means Committee’s Oversight Subcommittee Chairman Charles Boustany and its Social Security Subcommittee Chairman Sam Johnson (pictured) have held a joint hearing on tax fraud involving identity theft in the United States.
	Obama Presents Tax 'To Do List' To Congress 5/10/2012 President Barack Obama has used remarks at the State University of New York in Albany to present a ‘To Do List’ of tax measures that, in his opinion, the United States Congress should pass to increase employment and economic growth.
	US Lawmakers Question GSA 'Kickback' Policy 5/9/2012 The House of Representatives Ways and Means Subcommittee on Oversight Chairman, Charles Boustany, has sent a letter to 15 departments and two agencies across the United States government seeking information about the potential ‘abuse’ of the energy efficient commercial buildings deduction.
	China Introduces CorporateTax Breaks For IT 5/7/2012 To encourage innovation in information technology and industrial technical upgrading, China’s State Administration of Taxation has announced preferential corporate income taxes for producers of software and integrated circuits.
	France Begins Examination Of Hollande's Election Tax Package 5/8/2012 Following the upcoming legislative elections in June, French lawmakers are to convene during an extraordinary session in July to examine a bill containing the fiscal pledges outlined by President-elect François Hollande during his election campaign, expected to increase the fiscal burden on households in France to the tune of around EUR14bn (USD18.26bn).
	Australian Businesses To Benefit From Loss Carry Back Scheme 5/7/2012 Australia’s government is to introduce a new business tax relief with a ‘loss carry-back' initiative, designed to give businesses greater access to their legitimate tax deductions when making losses.
	IRS Reviews Tax-Exempt Status Revocations 5/7/2012 Following a request from the United States Internal Revenue Service, the Treasury Inspector General for Tax Administration reviewed its Exempt Organizations function’s implementation of the provisions of the Pension Protection Act of 2006 related to the automatic revocation of an organization’s tax-exempt status.
	Hollande, Sarkozy Go Head-To-Head On Tax 5/7/2012 During a long, bitter televised debate, aimed at attracting wavering voters ahead of Sarkozy's defeat on May 6, and punctuated by attack and counter attack, outgoing French President Nicolas Sarkozy and new Socialist President François Hollande went head-to-head on key election battleground issues including taxation in France and the crisis in Europe.
	IRD Issues 2m Individual Tax Returns In Hong Kong 5/3/2012 As Hong Kong’s Inland Revenue Department begins sending out 2.16m tax returns, the Commissioner of Inland Revenue, Chu Yam-yuen, reminded individual taxpayers to file their tax returns by June 2, while sole proprietors of unincorporated businesses have until August 2.
	Indonesia Promises Tax Threshold Increase 5/2/2012 Despite the government’s failure earlier this year to reduce fuel subsidies, and thereby restrict Indonesia’s fiscal deficit, President Susilo Bambang Yudhoyono has announced that the country’s individual income tax threshold will be increased.
	Uganda Advised To Widen Tax Base 5/2/2012 During a speech to an African Tax Administration Forum workshop in Kampala, the European Head of Mission Roberto Ridolfi has remarked that Uganda’s tax base needs to be widened urgently in order to increase the government’s revenues.
	Hong Kong Gazettes Budget Measures 4/30/2012 The Inland Revenue (Amendment) Bill 2012, which aims to implement the concessionary revenue measures proposed in the 2012-13 Budget, has been gazetted in Hong Kong.
	Congress Examines Tax-Advantaged Health Accounts 4/27/2012 On April 25, a US Congressional panel held a hearing focused on the limitations imposed on the purchase of over-the-counter medication with tax-advantaged accounts, such as health care flexible spending arrangements, health savings accounts and health reimbursement accounts.
	Singapore Consults On Parent Care Tax Relief 4/26/2012 Singapore's government is considering whether to allow sharing of a tax relief for caring for parents and elderly relatives among claimants in such proportion as they may agree, and the Inland Revenue Authority of Singapore has issued a consultation paper setting out the options which it may adopt.
	France Launches 2012 Income Tax Campaign 4/18/2012 France’s directorate general of public finance has recently published details of the timeframe for filing 2012 income tax declarations, together with details of changes to look out for this year.
	France Sees Dip In 'Auto-Entrepreneurs' 4/18/2012 Urssaf, the French organization responsible for the collection of social contributions, has recently unveiled details of its latest assessment of the country’s ‘auto-entrepreneur’ regime, with its fiscal benefits for individual traders in France, taken at the end of December 2011.
	Obama's Buffett Tax Fails To Pass Through US Senate 4/18/2012 Despite pressure from President Barack Obama, the Democrat Party-led United States Senate has been unable to advance his proposed ‘Buffett Rule’ tax measure in the face of Republican Party opposition.
	Charities Fear UK Tax Relief Cap 4/17/2012 Chief executives of the UK's top charities fear that the planned cap on tax relief will curb donations and have called on the government to scrap the proposals.
	TIGA Considers Format Of UK Games Tax Relief 4/13/2012 TIGA, the trade association representing the UK games industry, has urged input from design studios on the functioning of a tax credit, promised by the UK government in its latest budget after years of industry lobbying for fiscal support.
	Sarkozy Outlines Ambitious Campaign Tax Plans 4/13/2012 France’s outgoing President Nicolas Sarkozy has recently unveiled details of his election proposals aimed at creating ‘a strong France’, and containing a raft of tax measures, intended to attract voters.
	Nigeria Achieves Notable Success With Free Trade Zones 4/12/2012 During a recent conference in Lagos, the Managing Director of Nigeria Export Processing Zones Authority, Adesina Agboluaje, disclosed that almost NGN2.2 trillion has, so far, been invested in Nigeria’s free trade zones.
	Irish Tax Breaks Not Generous Enough, Minister Warns 4/12/2012 Tax breaks for executives are not generous enough, Ireland's Minister for Jobs has been reported as warning the Finance Minister.
	IRS Reminds Taxpayers Of College Tax Benefits 4/13/2012 The United States Internal Revenue Service has reminded parents and students, looking to meet this year’s April 17 filing deadline, to check out several college-related tax benefits before filing their 2011 tax returns.
	French Farmers Reap Benefits Of Fuel Tax Perk 4/11/2012 The French budget ministry has recently announced that requests for the partial reimbursement of the taxes levied on fuel oil, off-road diesel and natural gas for 2011, applicable to those engaged in agricultural activities, are to be submitted by April 15, 2012.
	France's Hollande Unveils 'Vast' Tax Reform Plans 4/11/2012 Bernard Cazeneuve, spokesman for the French Socialist presidential candidate François Hollande, has recently unveiled details of Hollande’s tax reform plans, designed to simplify and to make more transparent the current tax system, and to create greater fiscal justice in France, reflecting true Republican values.
	Costa Rica Introduces New Corporate Tax 4/10/2012 Costa Rica has introduced a new annual tax on all corporate structures, pegged to average public sector salaries.
	Channel Islands Will Not Appeal UK VAT Ruling 4/6/2012 The Jersey government has decided not appeal the decision of the High Court in London, which ruled that the United Kingdom government's decision to revoke Low-Value Consignment Relief (LVCR), a value-added tax concession, for the Channel Islands was consistent with European Union law.
	Hong Kong's Cash Bonus Enters Second Stage 4/2/2012 The Financial Services and the Treasury Bureau has confirmed that the second stage of Hong Kong’s HKD6,000 cash handout scheme commences on April 1.
	New Zealand Closes Livestock Tax Loophole 3/30/2012 New Zealand has closed a loophole which allowed farmers to use two different livestock valuation methods to gain an unfair tax advantage.
	Thailand Boosts Tax Incentives For Flood-Hit Companies 3/29/2012 In addition to other emergency measures to help companies and entrepreneurs affected by Thailand’s recent floods, the Board of Investment will provide further corporate income tax exemptions for businesses in the badly-affected Pathum Thani and Ayutthaya provinces.
	US Senate Examines Renewable Energy Tax Incentives 3/30/2012 The Subcommittee on Energy, Natural Resources and Infrastructure of the Senate Committee on Finance has held a hearing on how the recent and pending expirations of key tax incentives affect the deployment of renewable energy facilities and energy efficiency measures in the United States.
	US Senate Bill To Repeal 'Big Oil' Tax Breaks 3/29/2012 The Democrat-led United States Senate has voted to allow a debate on the Repeal Big Oil Tax Subsidies Act, which would end certain tax breaks for the largest oil companies, and use the tax saved to extend, for one year, expiring energy tax provisions and reduce the country’s fiscal deficit.
	Cantor Proposes US Small Business Tax Cut 3/23/2012 The United States House of Representatives Majority Leader Eric Cantor has introduced the Small Business Tax Cut Act of 2012, aimed at helping small businesses to grow and to hire new workers.
	UK Budget Delivers Tax Cuts 3/23/2012 George Osborne has delivered a Budget that ‘unashamedly backs business’, slashing the top rate of personal income tax and accelerating corporate tax cuts.
	GOP Budget Provides US Tax Cuts 3/22/2012 The Republican Party’s 2013 budget, proposed by the House of Representatives Budget Paul Ryan (R – Wisconsin), which reduces government spending to curb its fiscal deficit and debt levels, also includes the framework for a revenue-neutral reform of the United States tax code.
	EU Consults On State Support For Film Finance 3/21/2012 The European Commission has launched a consultation on the state aid criteria it proposes to use to assess proposals from member states to provide tax relief and other concessions to film financiers.
	US Tax-Exempt Groups Open To More Scrutiny 3/20/2012 The United States Internal Revenue Service has launched a new online search tool, Exempt Organizations Select Check, to help users more easily find key information about tax-exempt organizations, such as federal tax status and filings.
	Singapore To Cash In On Gold Rush With Tax Break 3/20/2012 International Enterprise Singapore, the trade development agency, has confirmed that Singapore plans to increase significantly its share of global trading in precious metals, as a result of exempting gold and other precious metals from goods and services tax.
	NZ Pushes Tax Credits For 'Payroll Giving' 3/15/2012 New Zealand's Revenue Minister Peter Dunne has praised the creation of a new website which offers information for employers seeking to establish Payroll Giving schemes in their workplaces.
	UK Pension Industry Calls For Tax Stability 3/16/2012 There should be no further changes to the UK pension tax system, the head of the National Association of Pension Funds has warned the Chancellor of the Exchequer.
	Panel Makes UK Pension Tax Recommendations 3/15/2012 The UK's Office of Tax Simplification has released the initial findings of its review of pensioner taxation, identifying areas of the tax system causing older taxpayers the most difficulties.
	Sarkozy, Hollande Lock Horns On Taxation 3/14/2012 With just a month and a half to go before the start of the elections, French presidential candidates Nicolas Sarkozy and his Socialist rival François Holland have once again crossed swords on the key battleground issue of taxation.
	Australian Floods Declared Disasters For Tax Purposes 3/13/2012 The Australian government has declared the recent floods a disaster for tax purposes, thus making donations to relief funds tax deductible.
	Sarkozy's 'Minimum Tax' To Hit 100 French Companies 3/13/2012 Around a hundred large groups would be affected by French President Nicolas Sarkozy’s latest plans to introduce a minimum tax on the profits of large international companies, according to his campaign spokesman and former Ecology Minister Nathalie Kosciusko-Morizet.
	Schäuble Set To Remove Voluntary Service Tax Break 3/12/2012 Just eight months after the official end to national service and conscription in Germany, the German finance ministry is considering whether or not income paid to volunteers in either the military service or the government’s new federal volunteer service should be taxed.
	Sarkozy Seeks Minimum Tax For CAC 40 Groups 3/12/2012 Determined to refute claims by the left-wing opposition that he is ‘the president of the rich’, in the run up to the presidential elections, French President Nicolas Sarkozy has recently put forward the idea, if elected, of introducing a minimum tax on the profits of large ‘international’ companies listed in the CAC 40, the French stock index.
	Britons Will Overpay GBP12.6bn In Tax This Year 3/12/2012 UK taxpayers will overpay an average of GBP421 in tax this year, with 85% failing to act on reducing their tax bill, according to new figures.
	German Hotel Industry Defends Reduced VAT 3/8/2012 The German hotel industry has recently vehemently defended the reduced 7% rate of value-added tax accorded to overnight services in the sector.
	IoM Employment Tax Holiday Begins From April 3/7/2012 The Isle of Man's Economic Development Minister John Shimmin has highlighted the recent tax relief measure introduced to stimulate economic and employment growth on the island which will provide National Insurance Contribution exemptions for new hires.
	German Foundation Eyes Wealth Tax Reforms 2/27/2012 Tax experts at the Hans Böckler Foundation have recently put forward reform proposals for the taxation of wealth in Germany, designed to generate additional annual tax revenues for the state and to ensure that Germany’s wealthiest individuals contribute more in future to financing state budgets.
	EU Opens FTA Talks With Armenia 2/27/2012 The European Union has confirmed its decision to launch negotiations with Armenia towards a deep and comprehensive free trade area to boost bilateral trade and investment ties.
	BC Corporate Tax Hike Possible 2/27/2012 British Columbia could hike the standard rate of corporate tax if the fiscal situation does not improve, the Finance Minister has warned in his 2012 Budget.
	Romney Proposes Across-The-Board Tax Cuts 2/24/2012 Following President Obama’s corporate tax reform proposals, Mitt Romney, one of the leading Republican presidential candidates, issued his own proposals to kick-start United States economic growth by cutting tax rates, broadening the tax base and providing for tax simplification.
	Canada Launches Caregiver Tax Credit 2/24/2012 Canada's Finance Minister Jim Flaherty has been promoting a series of tax reliefs aimed at helping caregivers and those with disabilities, including a new tax credit.
	Austria Split On Family Tax Reform 2/23/2012 Austria’s Financial State Secretary and member of the Social Democrats Andreas Schieder has recently rejected Finance Minister Maria Fekter’s plans for a reform of family taxation in Austria, including notably plans to reduce the fiscal burden on families by introducing a EUR7,000 (USD9,285) annual tax-exempt maintenance amount for children.
	Obama Proposes Corporate Tax Cut 2/24/2012 The United States Treasury has issued a report presenting President Barack Obama’s revenue-neutral proposals for corporate tax reform, cutting the tax rate to 28% from the current 35% rate, but also closing loopholes used by corporations to reduce their tax burdens.
	Canada Highlights Family Tax Credit 2/22/2012 The Canadian government has highlighted a new tax credit that, according to the minister in charge, will help Canadian families encourage children's artistic development.
	Switzerland Rules Out Changes To Family Tax Breaks 2/22/2012 Switzerland’s Federal Council has announced that it does not intend to introduce tax incentives to promote the traditional family model of parents staying at home to look after their children.
	Brazil Rethinks Vehicle Import Tax Hike 2/20/2012 The Brazilian government has confirmed its intention to soften its controversial protectionist tax hike on vehicles comprised mainly of foreign components, in place since November 15, 2011.
	PwC Comments On UK Pension Tax Reform Rumours 2/20/2012 PwC has analysed the options allegedly mooted by the UK government in its rumoured look at reducing tax relief on pensions saving.
	Ireland To Improve Tax Relief For Approved Donations 2/14/2012 Minister for Finance, Michael Noonan, has announced his intention to bring forward amendments to the charitable donations scheme, which will take effect from January next year.
	Austria Unites On Savings Package 2/13/2012 Austria’s Finance Minister Maria Fekter has recently announced that the coalition government has finally united on plans for 'the largest reform package' of the Second Republic, designed to consolidate the country’s public finances by a total of EUR26.457bn (USD34.915bn) by 2016, but without recourse to an annual tax on wealth, to the reintroduction of an inheritance and gift tax or to an increase in the top rate of tax.
	Irish Company Formations Up; Insolvencies Fall 2/10/2012 Conditions on the ground in Ireland may be improving, according to new figures published by Vision-net, which show that new business formations in Ireland have outpaced insolvencies so far this year, despite four insolvencies every day.
	US Study Doubts Merits Of Payroll Tax Cuts 2/13/2012 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.
	French Start-Ups Hindered By Red Tape 2/8/2012 The general council responsible for industry, energy and technology in France has recently published a report on the development of start-up businesses, reviewing support networks, the fiscal and social environment as well as the conditions for accessing finance, and has put forward a series of recommendations.
	Brazil May Pull Out Of Auto Trade Deal With Mexico 2/8/2012 The Mexican government is to meet for negotiations with Brazil after the latter nation threatened to call an end to a trade agreement which allows Mexican car exporters tariff-free access to the Brazilian auto market.
	UK Unions Attack Banking Bonuses 2/8/2012 The UK government could raise an additional GBP1.7bn (USD2.7bn) a year in tax revenues by preventing companies from deducting excessive bonuses from income for corporate tax purposes, the UK Trades Union Congress (TUC) has said.
	China Halves Land Use Tax For Large Warehouses 2/6/2012 China’s State Administration of Taxation has announced that, within a policy of promoting the development of the country’s logistics sector, the urban land use tax has been reduced for large warehouses.
	Sarkozy's Presidential Rival Outlines Fiscal Pledges 2/2/2012 French Socialist candidate for the Elysée, François Hollande, has recently unveiled details of his presidential election programme, containing a raft of fiscal measures, designed to stimulate the economy, to support small- and medium-sized companies in France, and to reduce the public deficit to 3% of gross domestic product in 2013.
	Taxes Killing The British Pub 1/30/2012 Falling UK pub beer sales demonstrate the pressing need for a change in government beer tax policy, according to the British Beer and Pub Association.
	Australia Urged To Scrap 'Wasteful' Oil Tax Breaks 1/30/2012 The Australian Conservation Foundation has argued that the Federal Government could save up AUD2.3bn (USD2.4bn) in the 2012-13 Budget by scrapping wasteful and inefficient tax breaks to the oil and gas sector as well as other subsidies that promote the use of fossil fuels.
	Canada Highlights Firefighter Tax Credit 1/30/2012 Canada's Revenue Minister has been promoting a new non-refundable tax credit for volunteer firefighters which will help reduce income tax bills by nearly CAD500.
	Clegg Rocks Coalition Boat On Taxes 1/31/2012 The UK's tax system cannot go on as it is, the Deputy Prime Minister Nick Clegg has said, reiterating his commitment to a mansion tax and calling on the Chancellor to accelerate plans to raise the tax free threshold.
	UK Gives Commonwealth Games Athletes Tax Boost 1/30/2012 Athletes resident outside of the UK who compete at the 2014 Commonwealth Games will be exempt from income tax, the government has announced.
	AEI Produces US Tax Reform Plan 1/24/2012 Within what is called a 'pro-growth, progressive, and practical proposal to cut business tax rates', the American Enterprise Institute has also included some provisions to reform individual income taxes in the United States.
	UK Author Calls For Tax Breaks To Help New Writers 1/20/2012 A tax incentive would help give new writers a head start in publishing, one of the UK's leading authors has said.
	Isle Of Man Beckons Last Bids For 5* Casino Complex 1/23/2012 The Isle of Man's Department of Economic Development has said it continues to seek expressions of interest from entities interested in investing in the establishment of the island's first five-star hotel and casino complex.
	Canadian Revenue Highlights Arts Tax Credit 1/19/2012 Canada's Revenue Minister has been highlighting the benefits of a new tax credit for parents, designed to promote the involvement of children in the arts.
	France Plans Limited 'Social VAT' Rise 1/19/2012 The French government’s planned rise in value-added tax, to finance a reduction in employers’ social contributions, is not expected to exceed 2%, according to latest reports.
	Argentina's Farmers Call For Drought Tax Exemptions 1/18/2012 Argentinian farmers have been met by government resistance in their pleas for tax relief to compensate for significant droughts, which are expected to leave crop yields down around 10% for the year.
	UK Mulls Tax Breaks For Employee Ownership 1/19/2012 Continuing his attack on 'irresponsible capitalism' the UK's Deputy Prime Minister Nick Clegg has said that he wants to cut red tape and reform the tax system to encourage employee ownership.
	Raspberry Pi Balks At UK Tax Regime 1/17/2012 The UK's tax regime makes it far too expensive for an electronics company to manufacture in the country, the computer company Raspberry Pi has said, looking to Taiwan and China instead to produce its goods.
	Switzerland Mulls Temporary VAT Exemption For Hotels 1/13/2012 In view of the strength of the Swiss franc, the Committee for Economic Affairs and Taxation of the Swiss National Council has called for the hotel industry in the Confederation to benefit from value-added tax exemption for a temporary period of one year.
	UK Tackles Abuse Of Post-Cessation Trade Relief 1/16/2012 The UK government has announced that it is to introduce new legislation to block a tax avoidance scheme involving post-cessation trade relief.
	Obama To Propose 'Insourcing' Tax Breaks 1/13/2012 United States President Barack Obama has announced that he will put forward new tax proposals in the coming weeks designed to reward companies that choose to invest or bring back jobs to the United States, and to eliminate tax advantages for companies moving jobs overseas.
	Sarkozy's Rival Seeks To Modify Family Tax Break 1/12/2012 In yet another clear signal of disorder within the ranks of his own socialist party, French presidential candidate François Hollande recently made clear that he had absolutely no intention of abolishing the income tax break currently benefiting families in France (le quotient familial).
	Hungary Ordered To Recover State Aid To Airline 1/11/2012 The European Commission has ruled that financing granted to Hungarian flag carrier Malev in the context of its privatization and re-nationalization constituted illegal state aid, and has requested that the aid be recovered.
	Indiana Reaches Sales Tax Agreement With Amazon 1/10/2012 Mitch Daniels, Governor of the US state of Indiana, has announced that the state has reached an agreement with Indiana’s largest online retailer, Amazon.com, Inc., to begin collecting Indiana sales tax on internet purchases - the fourth state to reach such an agreement with the online retail giant.
	Indonesia Extends Tax Incentives 1/10/2012 The Indonesian government has issued a revised regulation that will increase the number of sectors which will be eligible for tax allowances, particularly those in under-invested downstream industries that would reduce the country’s imports of finished goods.
	UK's Families Hardest Hit By Tax, Benefit Changes 1/6/2012 Families with children are set to lose more through tax and benefit changes than pensioners or adults without children, according to new research from the Institute for Fiscal Studies.
	UK Opposition Attack NI Holiday As A 'Flop' 1/5/2012 The UK government's flagship national insurance holiday scheme has been a 'total flop', the opposition Labour party has said, as figures reveal the scheme has supported a fraction of the businesses it was intended to help.
	BC Amends Homeowner Grant Scheme 1/4/2012 In an effort to accommodate rising property values, the Canadian province of British Columbia has increased the threshold for the homeowners' grant, a scheme which helps the province's residents with property taxes.
	Singapore To Pay Last GST-Offset Subsidy 1/2/2012 Singapore’s Ministry of Finance has announced that about 800,000 Housing and Development Board (HDB) households can expect to receive SGD40m in Utilities-Save goods and services tax rebates in January 2012.
	GBP1bn Tax Boost For UK Charities 12/29/2011 UK charitable donations could be 'turbo-charged' under new plans from a think-tank which include proposals for the introduction of a new tax relief.
	France Definitively Adopts 2012 Austerity Budget 12/27/2011 The French National Assembly (lower house) has adopted during a final, definitive reading the country’s 2012 finance bill, which it passed on December 15, and which was subsequently rejected by the French Senate during its sitting on December 20.

Page 1

Lowtax Jurisdictions

Stories that are tagged 'tax breaks'

Network Tweets

Strategic Partners