SUVA - The government of Fiji is taking action to eradicate poverty in the country by lowering taxes for almost all of the nation’s taxpayers. Over the weekend the Prime Minister of Fiji Frank Bainimarama made his annual budget address in Suva, announcing a number of tax changes aimed at lowering tax burdens for the majority of taxpayers, and raising taxes for the country’s highest earners. From the start of next year the tax threshold in Fiji will be raised to ... Read More

TOKYO - The major political parties of Japan have come to some agreement on the matter of taxation, taking the first steps to increasing rates and raising extra funds for the country’s rebuild following the recent spate of natural disasters. Months of political debate came to an end on November 24th when the Lower House of Parliament of Japan approved new legislation which paves the way for the government to hike some tax rates as a means of raising revenues to fund ... Read More

US companies currently face on of the highest tax rates in the world, with their effective charges eclipsing those faced by companies in almost all OECD countries. In a new report examining corporate tax rate in the US, the Tax Foundation has blasted back at claims that US corporations are not paying enough taxes, saying that the country has one of the highest statutory corporate income tax rates in the developed world. The analysis, which was published in September 13th, also showed that ... Read More

Dutch business entities are now being used by most large international companies for the purposes of tax planning, with the flow of money through such structures now reaching over EUR 10 trillion. According to new research conducted by Het Financieele Dagblad, a leading Dutch financial newspaper, the Netherlands are quickly becoming one of the most popular jurisdictions used by multinational corporations for international tax planning. The report shows that out of the 100 largest companies in the world, 80 make use of ... Read More

Thailand could soon see a significant decrease to its corporate income tax rate, as the Revenue Department indicates its readiness to slash the tax on the government’s signal. According to a statement made by the director general of the Revenue Department of Thailand Satit Rungkasiri on July 25th, the Department is now ready to implement a cut to the country’s corporate income tax rate, as was proposed by the newly elected Pheu Thai Party. Although, the Revenue Department is also recommending that ... Read More