Argentina Reports Tax Collection Spike

Categories: Taxation in Argentina

The Government of Argentina recently revealed its latest tax collection figures, showing a 30.7 percent increase in collections for the month of April. On May 24th the Argentinean tax administration Administración Federal de Ingresos Públicos (AFIP) published the Government’s tax collection results. In April the Government collected ARS 30.1 billion (approx. USD 7.75 billion), representing [...]

The Government of Argentina recently revealed its latest tax collection figures, showing a 30.7 percent increase in collections for the month of April. On May 24th the Argentinean tax administration Administración Federal de Ingresos Públicos (AFIP) published the Government’s tax collection results. In April the Government collected ARS 30.1 billion (approx. USD 7.75 billion), representing a 30.7 percent increase from April 2009. Cristina Fernandez, President of Argentina, called the latest results “historic”, and further claimed that the increase displays the effectiveness and appropriateness ... Read More

New Zealand Budget Released

Categories: Taxation in New Zealand

The New Zealand Government has released its 2010 Budget. The announcement outlines various changes to the taxation system, putting to rest months of media speculations surrounding New Zealand’s tax future. On May 20th the New Zealand Government revealed its national budget for the year 2010. The latest budget aims to reduce the impact of last [...]

The New Zealand Government has released its 2010 Budget. The announcement outlines various changes to the taxation system, putting to rest months of media speculations surrounding New Zealand's tax future. On May 20th the New Zealand Government revealed its national budget for the year 2010. The latest budget aims to reduce the impact of last year’s recession while introducing a range of fiscal stimulus measures and providing a solid base with which the Government can maintain control of the nation’s economy. The Budget announcement ... Read More

China’s Tax Revenue Grows 9%

Categories: Taxation in China

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 [...]

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

Tax Returns Too Complex for IRS Commissioner

Categories: Taxation in USA

Doug Shulman, US Internal Revenue Services (IRS) Commissioner, has admitted that he uses a tax consultant to prepare his annual tax returns, as he finds the tax system too complicated. In a television interview on January 10th Doug Shulman stated that he has used a tax consultant to prepare his tax returns for the last [...]

Doug Shulman, US Internal Revenue Services (IRS) Commissioner, has admitted that he uses a tax consultant to prepare his annual tax returns, as he finds the tax system too complicated. In a television interview on January 10th Doug Shulman stated that he has used a tax consultant to prepare his tax returns for the last ten years. The Commissioner continued on to say that both he and President Obama are large proponents of simplifying the US tax code. Although when pressed further ... Read More