Tobacco Taxes Rising Worldwide

Categories: Taxation in New Zealand, Taxation in UK, Taxation in USA, Taxation in Vietnam

According to numerous political and anti-tobacco activists worldwide, taxes on cigarettes and tobacco products should be increased to raise Government revenues and deter smoking.
Several anti-smoking organizations across the world have released new reports claiming that a fresh round of tax increases needs to be seen on tobacco products, and Government officials across New Zealand, several [...]

According to numerous political and anti-tobacco activists worldwide, taxes on cigarettes and tobacco products should be increased to raise Government revenues and deter smoking. Several anti-smoking organizations across the world have released new reports claiming that a fresh round of tax increases needs to be seen on tobacco products, and Government officials across New Zealand, several US states, Vietnam and the UK are looking set to oblige. Although, the governments and anti-smoking groups are fighting for differing causes, with Governments citing budgetary ... Read More

EU Commisioner Wants to Implement Carbon Tax

Categories: International Tax Cooperation, Taxation in EU, Taxation in Sweeden, Taxation in UK

Algirdas Semeta, Taxation Commissioner of the EU, has stated that he wishes to see a carbon tax instated across the entirety of the European Union, and will lead a review to make it happen.
The widely debated topic of Carbon Taxation has once again been brought up with the revelation that the European Commission (EC) will [...]

Algirdas Semeta, Taxation Commissioner of the EU, has stated that he wishes to see a carbon tax instated across the entirety of the European Union, and will lead a review to make it happen. The widely debated topic of Carbon Taxation has once again been brought up with the revelation that the European Commission (EC) will soon lead an inquiry about a possible EU-wide implementation of such a measure. In a statement made by Emer Traynor, spokeswoman for Algirdas Semeta, revision of the ... Read More

Isle of Man Begins Tax Reform Consultation

Categories: International Tax Cooperation, Offshore Banking, Offshore Taxation, Tax Havens, Taxation in EU, Taxation in Isle of Man, Taxation in UK

The Government of Isle of Man, a self-governing British Crown dependency, has begun public consultation on the potential tax changes which could be implemented on the island nation.
As reported earlier, at the Budget reading held on February 16th, Allan Bell, Isle of Man Treasury Minister, stated that the jurisdiction would hold an investigation into possible [...]

The Government of Isle of Man, a self-governing British Crown dependency, has begun public consultation on the potential tax changes which could be implemented on the island nation. As reported earlier, at the Budget reading held on February 16th, Allan Bell, Isle of Man Treasury Minister, stated that the jurisdiction would hold an investigation into possible changes to its current tax regime in order to address issues raised by previous discussions held with the EU and its member states, particularly the UK. The ... Read More

Cutting N. Ireland’s Tax Could Create 90000 Jobs

Categories: Taxation in UK

According to a report released by the Northern Ireland Economic Reform Group (NIERG), reducing Northern Ireland’s corporate tax rate to 12.5 percent could create 90 000 new jobs within two decades.
The NIERG has claimed that the Northern Ireland Government’s current tax rate of 28 percent , and scheme of awarding grants to businesses, [...]

According to a report released by the Northern Ireland Economic Reform Group (NIERG), reducing Northern Ireland’s corporate tax rate to 12.5 percent could create 90 000 new jobs within two decades. The NIERG has claimed that the Northern Ireland Government’s current tax rate of 28 percent , and scheme of awarding grants to businesses, is not sustainable, and needs to be changed soon in order to spurn the nation’s economic development. Projections within the report show that reducing the corporate tax ... Read More