Congressional Republicans reached a deal on final tax legislation yesterday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent
Taxation
EU Auditors Move To Plug Customs Tax Loopholes
Following latest findings that European Union’s (EU’s) customs controls are not being applied effectively, as importers take advantage of loopholes to reduce or evade their duty liabilities,
India’s Food, Cosmetics Importers To Get Excess GST Refund
Unsold inventory of imported chocolates, confectionery and cosmetics, which attracted 28% Integrated Goods & Services Tax (GST)
Experts Foresee U.S Tax Plan Riddled With Implementation Glitches
Republicans’ tax-rewrite plans are riddled with bugs, loopholes and other potential problems that could plague lawmakers long after their legislation is signed into
U.S Senate Approves Major Tax Cuts For Corporate Entities …..as Wall Street forecasters hike outlooks for 2018 corporate profits
The U.S. Senate has approved a tax overhaul aimed at slashing taxes for businesses and the rich while offering everyday
South Africa, Belgium, Jersey Shift CbC Reporting Deadlines
South Africa, Jersey, and Belgium have indicated their readiness, amongst a few
US Senate Bill proposes tax cuts for US beverage firms
The Senate Finance Committee has included in the provisions of the draft Craft Beverage Modernization and Tax Reform Act (CBMTRA) to reduce the tax burden on US domestic brewers and distillers for two years even as it seeks a permanent tax cut for wine producers in the bill. According to the news on the proposals […]
OECD countries boost PIT collections …as CIT, VAT, others’ earnings dip slightly
The OECD countries have reported higher revenue generation from Personal Income Taxes
ICTD seeks proposals on Nigeria-focused tax research projects
The International Centre for Research and Development, (ICTD) is calling for research proposals in relation to the Nigerian Tax Research Network that meet high academic standards of research quality and that are concerned with policy‐relevant issues..
NANTS sets five-point agenda to boost tax compliance rate
The National Association of Nigerian Traders, (NANTS) has charged government and tax authorities in the country to adopt proactive measures in tackling the twin-problem of tax evasion and tax avoidance as a strategic option of improving tax revenue at all tiers for government for national development. The National President of the association, Barrister Ken Ukaoha, […]