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China will announce VAT policies for some financial services in early 2015 as part of its sweeping VAT reforms which started in 2012, the Ministry of Finance has announced.

President, Swiss Bankers' Association

Blake Marshall, a leading specialist on Russia and Eurasia, has joined the International Tax and Investment Center (ITIC) in Washington as a vice president.

As non-EU based businesses broaden their markets and their offerings, businesses are increasingly finding that the indirect tax consequences of selling into the EU, the US and Australia create potential barriers to smooth international trading, explain Richard Woolich, Hugh Goodwin, and Matthew Cridland of DLA Piper.

A monthly commentary on the notable facts, figures and goings-on in the tax world.

Spain is continuing to reform its tax code. Increasing revenue collection is one goal, and the largest companies will be footing the bill.

The French government wants to cut VAT on digital content. The European Commission wants France to raise its already reduced rate for e-books. Let battle commence.

Flurin Poltera

After pledging to reinstate the 50p top rate of income tax if his Labour party returns to power at the next election, Ed Balls, shadow chancellor, has been attacked for promoting an “anti-business agenda”.

The work to align US and international accounting standards on revenue recognition could be the first project to benefit from a Financial Accounting Foundation (FAF) announcement that it will contribute up to $3 million to the International Financial Reporting Standards Foundation to support the completion of international convergence projects.