2009 November

Latest news

“Sin Tax” Collections Down in Philippines

Collections of the so-called “sin taxes” levied on “sinful” products, such as cigarettes and alcohol, dropped in 2011, leading to calls for a reform of the excise tax system.

“Sin Tax” CollectionIndia Delays Tax Changes

India will aim to boost the confidence of international entrepreneurs investing in India by delaying the implementation of new anti-avoidance rules and reducing withholding taxes and excise duties.

ID Thieves in USA Steal $26 Mil of Refunds

More than 600 000 US taxpayers were victims of identity tax fraud in 2011, and the IRS does not have the capabilities to adequately detect and prevent such offenses.

One Third of Taxes in Australia to Fund Welfare System

Almost AUD 100 from the tax payments made every week by an average Australian will now go directly to funding national welfare programs to subsidies low income families.

US Considers Business Tax Reforms

The Obama administration has proposed a major update of the corporate tax rules in the USA, which would broaden the base for corporate taxes, simplify compliance, reduce the corporate tax rate, and encourage a greater level growth in the country’s manufacturing sector.

Nov 2, 20090

UK Increases Flight Taxes

Categories: Taxation in UK

The Air Passenger Duties (APD) faced by UK fliers has risen, with some seats seeing a charge of £110 at departure. Much to the uproar of the air travel industry, departure duties faced by UK travelers increased on the 1st of November. The distance banding system and the travel class system which were used to determine the APD levy have also been expanded, allowing for a wider range in determining the exact levy liability of each passenger. The new APD system will determine ... Read More

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