On November 26, a legal challenge brought by 13 UK expats against the decision of the EU Council to endorse the start of negotiations with the UK on exiting the European Union was rejected by the General Court of the EU... Read Full Article »
When looking at recent tax developments for this week's entry, I began to wonder whether a country's tax regime reflects its topography. Take the United States for example... Read Full Article »
China may have been upbraided by the International Monetary Fund earlier this month for the lack of progressivity in its personal income tax regime - how ironic that a country run by communists has, according to the IMF... Read Full Article »
I don't know why countries bother to sort out their trade spats through the World Trade Organization's dispute resolution mechanism. Typically both sides will claim victory irrespective of what the WTO panel decides... Read Full Article »
Well the plot just thickens, doesn't it? Last week we learned through the work of the European Commission and its investigations into "sweetheart deals" between national tax authorities and multinational companies that as a result... Read Full Article »
Apparently, the numerous consultations that the OECD undertook with businesses and other stakeholders as part of the BEPS project generated some 12,000 pages of comment. I do wonder, however, how much of this verbiage the OECD... Read Full Article »
Another day, another tax cut pledge from one of Canada's major political parties. There must be a general election round the corner! And indeed there is, on October 19, when voters go to the polls to elect members to the House of Commons... Read Full Article »
If there was an award for the silliest tax initiative dreamt up by the unelected Eurocrats in Brussels over the course of the last couple of decades, the savings tax directive and the CCCTB (that's the common consolidated corporate tax... Read Full Article »
Something of an Asia-Pac flavor in this week's edition, but also something of a mixed report card for a region that is often praised, and rightly so, as the most economically dynamic in the world as of now. Let's start with India. It had a difficult start to life as a country in its own right thanks to the rather hasty handover of sovereignty by the war-spent British, India's former colonial masters, in 1947. Yet one gets the sense that this country of 1bn souls is grossly underfulfilling... Read Full Article »
In life, you tend to reap what you sow, and there are few better demonstrations of how accurate this idiom can be than the condition that France finds itself in. Francois Hollande came to power openly promising to squeeze... Read Full Article »
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