entertainment tax

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Non-Profits Receive Deadline Extension

Over 300 000 US charities are at risk of losing their tax exemption status, unless they make use of the Government’s new tax return filing deadline extension.

UK Consulting on Tax Issues

The UK Government is taking action to show national taxpayers and international investors that the country “is open for business”, by initiating an extensive round of public consultation of tax system legislation issues.

Tax Collection from Oil Exceed Industry Profit

The oil and gas industry is facing heavy criticism from the media, the public, and subsequently US Government politicians, under the assumption that the sector is under-taxed and action has to be taken to correct the situation. However, tax revenues arising from the sector in recent years have eclipsed the profits made by the entire oil extraction and exploration industry.

International Fight on Foreign Bribery Lagging

Countries representing an approximate 70 percent of world trade have been deemed as not having taken enough action to combat the occurrence of international bribery.

OECD Updates Several Tax Guidelines

In an effort to maintain a relevant and up-to-date set of instruments to facilitate international tax agreements and transactions, the Organization for Economic Cooperation and Development has published revised versions of its vital documents.

Nov 11, 20090

India Releases Good and Service Tax Proposal

Categories: Taxation in India

The outlines of India’s Good and Service Tax (GST) plans are starting to emerge, with the first discussion paper on the idea being released on November 11th. The initial details concerning the structure of India’s upcoming GST implementation have been released by the Empowered Group of State Finance Minister. Though the paper is not a [...]

The outlines of India's Good and Service Tax (GST) plans are starting to emerge, with the first discussion paper on the idea being released on November 11th. The initial details concerning the structure of India's upcoming GST implementation have been released by the Empowered Group of State Finance Minister. Though the paper is not a complete account of every aspect of the new GST system, it is the first comprehensive discussion to both its format and implementation. The group has stated that the new ... Read More