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News and Media Centre
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14 May 2012 -
Russian Beer Tax Hikes Slash Industry Profitability
Beer manufacturer Carlsberg has reported that its pre-tax profits for its Russian business has all but evaporated during the first few months of this year, on the back of steep alcohol tax hikes introduced at the start of 2012.
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14 May 2012 -
South Korea To Cut Property CGT
The South Korean government has disclosed that it will try to boost the local housing market by relaxing restrictions on property transactions and cutting property transfer tax rates.
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11 May 2012 -
UK Donations To Qualify For UK Top Up Payments
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.
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11 May 2012 -
Turks And Caicos Takes Strides Towards Self-Rule
The provisional Governor of the Turks and Caicos Islands, Ric Todd, has released a report detailing progress made towards fundamental reforms to the island's frameworks to prevent corruption, and correct fiscal imbalances, deemed necessary before the islands are returned to self-rule by the UK government.
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11 May 2012 -
Parliamentary Committee Approves Philippines ‘Sin Tax’ Reform
The Ways and Means Committee of the Philippines House of Representatives has approved an amended version of the bill to reform the existing 'sin taxes' on alcohol and cigarette products.
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11 May 2012 -
Italy, Switzerland Agree To Tax Talks
Following the recent positive developments with regard to the tax treaties between Switzerland and various European Union member states, a meeting held on May 9 between Swiss and Italian officials has agreed to the establishment of a working group to resolve the outstanding tax problems between their two countries.
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11 May 2012 -
Hungary To Abolish Bank Tax
The Hungarian government has announced plans to halve the country's bank tax in 2013, before subsequently abolishing the levy in 2014.
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11 May 2012 -
Spain ‘Confident’ 2012 Budget Plans Will Spark Growth
Spain's Secretary of State responsible for Budget and Expenditure Marta Fernandez Curraz has recently defended the country's budgets for 2012, insisting that they are based on discipline and fiscal consolidation, to enable the government to confidently overcome the crisis.
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10 May 2012 -
Obama Presents Tax ‘To Do List’ To Congress
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.
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10 May 2012 -
Australian Budget Scraps Planned Business Tax Cuts
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.