Mondaq All Regions: Tax
The classification of premises as either RP or CRP for GST purposes has long been an area of unnecessary complexity.
The new Budget expects some businesses to pay tax before receiving payment from customers, creating cashflow problems.
The draft reforms may allay investor concerns about tax losses, when the ownership of an infrastructure project changes.
The Government has released exposure draft legislation that could result in the FBT tax rate increasing to 47 percent.
Proposed changes to the tax system aim to remove opportunities for foreign investors to transfer profits from Australia.
Foreign residents are again targeted in proposed changes to the CGT rules and a proposed new withholding tax regime.
A discussion on the recent double taxation arrangement between Guernsey and Luxembourg.
The Isle of Man concluded a Tax Information Exchange Agreement (TIEA) with the Argentine Republic on 14 December 2012.
The Supreme Court in England has today issued its judgment in the cases of Pitt v Holt and Futter v Futter.
A briefing note, which outlines the post April 2009 situation concerning discovery, information notices and discovery assessments in the light of a number of tax cases.
In the latest budget, Chancellor George Osborne announced that the corporation tax rate in Britain will be cut by an additional one per cent to 20 per cent by April 2015.
A discussion on the decision to remove child benefit from families with a higher-rate taxpayer.
A discussion on the measures related to the taxation of value in and out of registered pension schemes.
The South Carolina Supreme Court issued its long-awaited decision in Bodman v. South Carolina, holding that the state’s sales and use tax exemption and cap scheme, as a whole, does not violate the state constitution’s equal protection guarantee and prohibition against special legislation.
Recently published Technical Advice Memorandum 201317010 limits the circumstances in which a complex, non-grantor trust can materially participate in the activities of an S corporation.
On May 6, 2013, the United States Senate passed the Marketplace Fairness Act of 2013 (the "Act") by a vote of 69 to 27.
The IRS has concluded in a recent legal memorandum that a taxpayer's activities related to producing an electronic version of a book did not result in qualified production property under Section 199(c)(5)(A).
The IRS Large Business and International Division has instructed its examiners that under some circumstances, they should not challenge a taxpayer’s treatment of milestone payments made to investment bankers.
The IRS Integrity and Verification Operations group is delaying a number of taxpayer refunds to screen for identity theft and refund fraud.
The Treasury Department and the IRS have recently issued proposed regulations under section 162(m)(6) of the Internal Revenue Code, which generally imposes an annual $500,000 limitation on the amount that certain health insurers and their affiliates may deduct for compensation paid to an employee.
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This may be the final year that the so-called Bush tax cuts remain in effect, unless Congress acts to further extend them.
Service tax was initially introduced in the year 1994, when service tax was made applicable on only three services.
Effective January 1, 2013, the Illinois estate tax exemption increased to $4 million, with a maximum rate of 16%.
From a tax perspective, it must be said that the number of proposed changes to the various fiscal Acts are considerably fewer than in prior years.
The Patient Protection and Affordable Care Act has gone from a distant deadline to an imminent reality, with the controversial "play or pay" provisions scheduled to take effect on January 1, 2014.
On April 10, 2013, President Obama released his budget proposal for fiscal year (FY) 2014 (the Budget).
High Court considers the constitutionality of DOMA, which may create tax-refund opportunities for employers and employees before April 15.
The American Taxpayer Relief Act of 2012 (Act) was enacted on January 2, 2013.
Private business owners are wondering, "Should I switch my business to a C Corporation?".
Exemptions or concessions on stamp duty could apply when contemplating the purchase or transfer of NSW real estate.
