Taxation in Palestine - Taxation: News & Information

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“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.

Feb 2, 20120

No Tax Increase for Palestine, Despite Dropping Aid Levels

Categories: Taxation in Palestine

Palestinians do not want to see raised rates for income taxes, and prefer to address the government’s budget deficit through a reliance on foreign aid. In the face of intense public pressure, on January 31st the Prime Minister of the Palestine National Authority Salam Fayyad scrapped the government’s proposal to raise income taxes in Palestine. [...]

Palestinians do not want to see raised rates for income taxes, and prefer to address the government's budget deficit through a reliance on foreign aid. In the face of intense public pressure, on January 31st the Prime Minister of the Palestine National Authority Salam Fayyad scrapped the government's proposal to raise income taxes in Palestine. According to a recent research by local analysts, only 12 percent of Palestinians currently support the government's proposal to double the rate of income tax to 30 percent. Amongst ... Read More