The Deutsche Bank has announced a significant reduction in 2017 profits due to the potential impact of the recently enacted U.S tax reform legislation on its earnings.
Tax
Ireland, Hungary Oppose EU Tax Harmonization Plans
Leaders of Hungary and Ireland have strongly opposed the proposed plans towards additional tax harmonization within the European Union.
EU Consults On Making 15pc Minimum VAT Rate Permanent
A European Union consultation is ongoing on a draft Directive that would make permanent the provision in the EU VAT Directive
EU’s Tax Info Exchange Rules Enforcement Kicks Off
European Union tax authorities have gained the right to access data collected by other states under anti-money laundering legislation
Morgan Stanley To Take $1.25bn Hit In Q4 On U.S Tax Reform
Morgan Stanley said today that it would take a $1.25 billion hit in its fourth-quarter earnings due to a cut in corporate tax rate
UK Lawmakers Seek Levy On Disposable Coffee Cups
A committee of British parliament today canvassed the imposition of a 25-pence ($0.34) levy on disposable coffee cups to cut down waste
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.
Washington D.C. Rakes In $50M In Property-Tax Prepayments
Washington D.C.’s city government has collected more than $50 million in prepayments of 2018 property taxes from about 7,500 taxpayers.