On July 18, 2017, Canada’s Minister of Finance released a consultation paper and draft legislative proposals that target the use of private corporations to sprinkle income among family members, hold passive investments and strip surplus by converting corporate surplus into capital gains.
July 24, 2017
On 29 March 2017, the UK formally gave notice of its intention to leave the European Union in accordance with Article 50(2) of the Treaty on European Union.
June 01, 2017
In a decision published on May 12, 2017, the German Federal Constitutional Court has decided that part of one of the core provisions of the German corporate income tax act is unconstitutional.
May 12, 2017
This year’s federal Budget focuses on housing affordability, banks and integrity measures. It is a thoughtful Budget, which attempts to address perceived inequities in the tax system and seeks to fund significant infrastructure projects and the National Disability Insurance Scheme (NDIS).
May 09, 2017
The 2017 federal budget (Budget 2017) introduced on March 22 included proposals to amend the Income Tax Act (Canada) (the Tax Act) that will have a meaningful impact on the Canadian oil and gas industry.
April 06, 2017
Historically there has been some uncertainty on the tax treatment of fees paid to a non-executive director (NED).
March 28, 2017
HM Treasury have published a discussion paper asking for comments on possible changes to the tax treatment of sales of late life assets in order to improve the availability of tax relief for decommissioning expenditure to buyers of such assets.
March 27, 2017
The national tax authorities (SENIAT) adjusted the value of the tax unit (TU) from 177.00 Bs. (bolivars) to 300.00 Bs.
March 06, 2017
In The RBS Rights Issue Litigation, the High Court has held that notes of investigation interviews with current and former employees by in-house and external lawyers were not privileged and protected from disclosure in litigation as the employees were not the 'client' and the notes did not reveal the trend of legal advice.
March 01, 2017
The dividends withholding tax, which is currently set at 15%, falls below the global standard set by the Organisation for Economic Co-operation and Development. It has thus been increased to 20% with effect from 22 February 2017. The exemption rates for inbound foreign dividends will accordingly be adjusted in line with this increase with effect from 1 March 2017.
February 16, 2017
Try searching our global site instead