Jan 18, 2010
Tax revenues collected in the People’s Republic of China rose by 9.1 percent in 2009 compared to the previous year.
In a statement published by the Chinese State Administration of Taxation on January 15th the department declared that the country’s tax revenues had risen by CNY524.1 billion in 2009, bringing the collections to CNY6.31 trillion (approx. [...]
Tax revenues collected in the People’s Republic of China rose by 9.1 percent in 2009 compared to the previous year.
In a statement published by the Chinese State Administration of Taxation on January 15th the department declared that the country’s tax revenues had risen by CNY524.1 billion in 2009, bringing the collections to CNY6.31 trillion (approx. USD928). The tax revenues growth exceeded Chinese Government set targets by 1.1 percent after an unexpected economic resurgence in June.
Domestic retail sales revenue showed the largest ... Read More
Jan 6, 2010
Ireland’s total tax collections fell by €7.7 billion to €33 billion in 2009.
Figures released by Ireland’s Department of Finance show that the country’s economy and tax revenues are still reeling from last year’s financial crisis, though the situation is experiencing marginal improvements. According to the Exchequer Statement released on January 5th, tax collections for the [...]
Ireland’s total tax collections fell by €7.7 billion to €33 billion in 2009.
Figures released by Ireland’s Department of Finance show that the country’s economy and tax revenues are still reeling from last year’s financial crisis, though the situation is experiencing marginal improvements. According to the Exchequer Statement released on January 5th, tax collections for the 12 month ending in December were 3.9 percent lower than the Department’s targets, and down by 19 percent compared to 2008. Although the Exchequer deficit for the ... Read More
Dec 4, 2009
India’s Central Board of Direct Taxes (CBDT) announced on December 2nd that their net direct tax collections for the first eight month of the current fiscal year had risen by 3.71%, compared to the same period in the previous year.
In what the Indian Income Tax Department (ITD) labeled as “impressive growth,” the CBDT reported net [...]
India's Central Board of Direct Taxes (CBDT) announced on December 2nd that their net direct tax collections for the first eight month of the current fiscal year had risen by 3.71%, compared to the same period in the previous year.
In what the Indian Income Tax Department (ITD) labeled as “impressive growth,” the CBDT reported net tax collections of INR1,838 billion for the April up to November period, from INR1,776 billion in the equivalent period in the previous fiscal year. PIT collection, which ... Read More
Nov 26, 2009
According to the Tax Working Group, a New Zealand Government sponsored think tank, the country’s tax system is unsustainable. The conclusion was presented in the summary paper of the Tax Working Group’s fifth meeting, published November 25th. Growth, fairness and integrity issues – were concluded to be the primary aspects of the problem.The meeting summary [...]
According to the Tax Working Group, a New Zealand Government sponsored think tank, the country's tax system is unsustainable. The conclusion was presented in the summary paper of the Tax Working Group's fifth meeting, published November 25th. Growth, fairness and integrity issues - were concluded to be the primary aspects of the problem.The meeting summary also stated that the country's tax base needs to be broadened for these to be resolved.
The Tax Working Group is a New Zealand government initiated project, involving ... Read More
