The Electrification Coalition has called on the US Government to give tax credits to purchase of all-electric cars. The thirteen member group of prominent business leaders, which was launched on November 16th, has stated that they wish to see the US Government provide heavier subsidization to the electrification of the country's fleet of cars. At its launch in Washington D.C, the Electrification Coalition also released their Electrification Roadmap, which outlines its proposed plan to see 100 million fully electric cars on the roads ... Read More

The Netherlands government is looking to eliminate car sales and road-user taxes, replacing them with distance taxes, calculated from GPS-devices. The Dutch cabinet passed legislation on November 13th that proposed to replace traditional annual road user charges and sales tax on cars with one system that will levy drivers based on distance driven. The new scheme will implement GPS-tracking devices in every car, which will record the driven distance, time of drive and time taken. The information will be ... Read More

The UK’s Trades Unions Congress (TUC) has called for the country to create a financial transaction tax. According to statements released by TUC on November 11th the UK needs to begin taxing financial institutions in order to aid in repairing the damage done to the economy. TUC claims that this could be done with a 0.05% levy on some inter-institution financial transactions. The TUC proposal would see a levy on transactions through the Clearing House Automated Payments System (CHAPS), a system used ... Read More

Liechtenstein has completed the necessary tax information agreements to be moved to the Organization for Economic Co-operation Development's (OECD) "White List" of countries. It was reveled on November 11th by Klaus Tschütscher, Liechtenstein Prime Minister, that the nation will be considered as adequately complying with the G20's and OECD's efforts to combat international tax evasion. By signing Tax Information Exchange Agreements (TIEA) with Belgium and Netherlands, Liechtenstein has brought their total agreement number to the required minimum of twelve to be judged ... Read More

The outlines of India's Good and Service Tax (GST) plans are starting to emerge, with the first discussion paper on the idea being released on November 11th. The initial details concerning the structure of India's upcoming GST implementation have been released by the Empowered Group of State Finance Minister. Though the paper is not a complete account of every aspect of the new GST system, it is the first comprehensive discussion to both its format and implementation. The group has stated that the new ... Read More