Jul 2, 2010
During his first day of Government office the Phillipine’s newly appointed Finance Secretary, Cesar V. Purisima, laid out a new focus for national fiscal policy, concentrating on fighting tax evasion and loopholes, while allowing the Government adequate fiscal freedom to provide public services. On July 1st Cesar V. Purisima made a public statement revealing his [...]
During his first day of Government office the Phillipine’s newly appointed Finance Secretary, Cesar V. Purisima, laid out a new focus for national fiscal policy, concentrating on fighting tax evasion and loopholes, while allowing the Government adequate fiscal freedom to provide public services.
On July 1st Cesar V. Purisima made a public statement revealing his intended direction and focus for the Government’s Finance Department. He explained that a key aspect necessary for an efficient tax system is the removal of tax loopholes ... Read More
Jun 30, 2010
Concerns have been raised about the privacy issues surrounding information provided to the Australian Tax Office by tippers and whistleblowers concerning tax evasions. Last week the Australian National Audit Office (ANAO) released Community Intelligence – Collecting and Processing Tip-offs, a performance audit of the Australian Tax Office’s (ATO) treatment of tax information provided by anonymous [...]
Concerns have been raised about the privacy issues surrounding information provided to the Australian Tax Office by tippers and whistleblowers concerning tax evasions.
Last week the Australian National Audit Office (ANAO) released Community Intelligence - Collecting and Processing Tip-offs, a performance audit of the Australian Tax Office’s (ATO) treatment of tax information provided by anonymous tippers on other taxpayers. The report revealed the ATO’s procedure of indefinitely retaining all information provided by tippers, even if an investigation proves the data to be false ... Read More
Jun 23, 2010
The UK Government has released its long-anticipated Emergency Budget, outlining several important changes to the national tax system, including increase to Value Added Tax (VAT), Capital Gains Tax (CGT), and a new Bank Tax. On June 22nd the UK’s Chancellor George Osborne presented the national Emergency Budget. The new Coalition Government’s budget aims to bring [...]
The UK Government has released its long-anticipated Emergency Budget, outlining several important changes to the national tax system, including increase to Value Added Tax (VAT), Capital Gains Tax (CGT), and a new Bank Tax.
On June 22nd the UK's Chancellor George Osborne presented the national Emergency Budget. The new Coalition Government's budget aims to bring the UK out of its current recession, and address the country's growing deficit and cut it to a neutral level.
In regards to business taxation, the budget statement ... Read More
Jun 9, 2010
The Government of Argentina has announced that it will institute new foreign-exchange regulations in order to fight tax evasion and money laundering, and increase the transparency of the currency market. On June 7th the Central Bank of Argentina (CBA) announced its intention to introduce tighter regulations to the trade of foreign currency. Under the new [...]
The Government of Argentina has announced that it will institute new foreign-exchange regulations in order to fight tax evasion and money laundering, and increase the transparency of the currency market.
On June 7th the Central Bank of Argentina (CBA) announced its intention to introduce tighter regulations to the trade of foreign currency. Under the new rules, individuals and businesses purchasing foreign currencies valued in excess of USD 250 000 per calendar year will be required to provide proof of income and corresponding tax ... Read More
