JPMorgan Chase & Co today said that tax law changes would help future profits by not only reducing the amount it pays the federal government but also by stimulating more business.
Foreign
Tanzania’s Central Bank Shuts 5 Banks Over Poor Performance
The Bank of Tanzania (BoT) today revoked the operating licences of five banks and took them over for being under-capitalized
Ravi Menon Named Best Central Bank Governor In Asia-Pacific
The Banker, the UK-based magazine, has named the managing director of the Monetary Authority of Singapore (MAS), Ravi Menon, as the best central bank governor in Asia-Pacific
Cyprus, Saudi Arabia Negotiate Double Tax Agreement
Cyprus’ Ministry of Finance has disclosed that the island signed a Double Tax Agreement (DTA) with Saudi Arabia with respect to taxes on income and for the prevention of tax evasion.
Belgium Enacts Corporate Tax Reform Law, Argentina Targets 10% Cut
The Belgian Government has published the new corporate income tax reform law, which, among other measures, provides for a corporate tax cut
Trinidad And Tobago Hikes Tax Rates
Trinidad and Tobago has increased a number of tax rates, as announced in the country’s 2018 Budget.
Angola’s Central Bank Plans to Loosen Kwanza’s Peg to Dollar
Angola has unveiled plans to loosen its currency peg to the dollar by establishing a band in which the kwanza can float freely.
Saudi Arabia, UAE Introduce VAT For First Time
….both countries still maintain zero tax on income Saudi Arabia and the United Arab Emirates (UAE) have introduced Value Added Tax (VAT) for the first time in their economic histories. The 5% tax took effect from1 January, 2018 in both countries and it is being applied to the majority of goods and services. It would […]
German Conservatives Seek Corporate Tax Cuts
Germany’s Bavarian conservatives are pressing for corporate tax cuts and cuts to welfare payments for asylum seekers.
Swiss Banks To Begin Collecting Foreign Taxpayer Data
Several of Switzerland’s agreements for the automatic exchange of information (AOEI) in tax matters will become effective with numerous other territories from January 1, 2018.