Search results for

Misalignment of tax rates and a lack of coherency are two reasons why New Zealand's tax system needs to be reformed, says a group of taxpayers, officials, advisers and academics

The UK's offshore financial centres must diversify and become less reliant on low tax rates or risk the wrath of the UK government, says a report from a former financial administrator

An urgent demand for revenue is forcing governments around the world to look at increasing indirect taxes to raise more money, says a survey by a global accounting firm

Stephen Shay, deputy assistant secretary for international tax affairs, US department of Treasury, has confirmed that a value added tax (VAT) is "not something we are likely to see soon" in the US.

The European Council has adopted two new directives that codify existing text on the taxation of mergers and on the exemption of VAT.

Sixth VAT Directive; Article 19(2); Deduction of input tax; Hybrid taxable person; Goods and services used for both taxable and exempt activities; Calculation of the deductible proportion; Definition of incidental real estate transactions; Self-supply; Principle of fiscal neutrality.

Failure of a member state to fulfil obligations; Sixth VAT Directive; Article 2(1) and Article 4(1) and (2); meaning of economic activities; public legal aid offices; legal aid services provided in legal proceedings in return for a part contribution paid by the recipient; meaning of direct link between the service rendered and the consideration received; action dismissed.

Sixth VAT Directive; Articles 2, 4, 13B(d)(5) and 17; Directive 2006/112/EC; Articles 2, 9, 135(1)(f) and 168; Disposal by a parent company of a subsidiary and of its holding in a controlled company; Scope of VAT Exemption; Supplies of services acquired as part of share disposal transactions; Deductibility of VAT.

Expectations for stricter enforcement. By Duong Hoang, from KPMG in Vietnam and KPMG in Cambodia Warrick Cleine, from KPMG in Vietnam and KPMG in Cambodia

Globalization has become a key term in a constantly changing business and economic environment that has experienced significant developments over the last decade.