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The House of Lords Economic and Financial Affairs EU Sub-Committee publishes its follow-up report on the Financial Transaction Tax, 'Financial Transaction Ta...Chris Bale's insight:The Lords EU Sub Committee on Economic and Financial Affairs has today published a follow up to its March 2012 Report on the Commission’s proposals for a Financial Trans […]
Residents of villages in canton Zurich have put morals before money by voting to return tax windfalls from commodities giant Glencore to the countries where they were generated, such as the Democratic Republic of the Congo or Colombia.Chris Bale's insight:In the small village of Hausen am Albis, home to 3,300 people, a shout of joy and loud applause gre […]
Luxembourg and Austria came under attack on Tuesday after blocking plans to increase transparency in tax reporting.Chris Bale's insight:Luxembourg and Austria came under attack on Tuesday (10 December) after the two countries stood firm and blocked plans to increase transparency in tax reporting.At a meeting of finance ministers in Brussels, the final f […]
Cross border tax considerations for global cloud computing arrangementsChris Bale's insight:Worth adding to one's diary I think - Thursday 23 Jan 2014Whether you are a cloud user or cloud service provider, this webcast will help you understand the relevant tax issues and opportunities. We will discuss the Organisation for Economic Co-operation and […]
European Commission plans to oblige EU countries by 2017 to collect and automatically share data on income from employment, directors' fees, life insurance, pensions and property were approved by MEPs on Wednesday. Current rules do not oblige countries to collect this data, thus allowing loopholes. By 2017, the new rules would also require them to colle […]
Oman Tax revenue forms just 1.5% of GDPChris Bale's insight:Davis Kallukaran, Managing Partner of Horwath Mak Ghazali, said the government revenue from income tax is around OMR350 million and customs duty constitutes another OMR180 million per annum."In Oman, we have a very low rate of taxation. When compared to other countries like India or the Un […]
Doctors, lawyers and others say they are ‘asphyxiated’ by increasesChris Bale's insight:Another group joined France’s rumbling tax revolt yesterday, when 750,000 members of the National Union of Liberal Professions (UNAPL) declared themselves “asphyxiated” by taxation and excessive government regulation.Four-fifths of the professionals, who include doct […]
Chris Bale's insight:Deloitte Tax LLP Principal Aydin Hayri recently published Transfer Pricing in Action, a business novel that attempts “to bridge the abstract theory of transfer pricing and its everyday practice.” Hayri comments that he "wants readers to appreciate that tax planning decisions are as real and mission-critical as any other busines […]