EU financial transaction tax gets global scope under European Parliament proposal

BRUSSEL S — The scope of the European Union financial transaction tax should be expanded to cover all securities issued in the EU even if they are sold between two parties based outside the 27 EU member states, according to a proposal that will be voted on in May by the European Parliament. According to [...]

China: Energy tax regulations updated

Paul Deemer, David Blumental and Xiao Yong, Vinson & Elkins LLP, China China has recently revised its tax policies to encourage energy conservation and the efficient exploration of natural resources. This article briefly describes and analyses the four major tax policy changes that will affect companies and investors engaged in the exploration, production and sale [...]

EU Financial Transaction Tax Gets Global Scope Under European Parliament Proposal

BRUSSELS — The scope of the European Union financial transaction tax should be expanded to cover all securities issued in the EU even if they are sold between two parties based outside the 27 EU member states, according to a proposal that will be voted on in May by the European Parliament. According to amendments [...]

Brazil: Congress Establishes 4 Percent Rate On All Imports, Ends States’ Tax Breaks

RIO DE JANEIRO — Brazil’s congress April 24 approved a government bill that would end the so-called port tax war, preventing state governments from granting tax breaks on imports. During the past 10 years, many of the states in Brazil’s less-developed northeast and north regions have offered discounts on Brazil’s main state tax, the ICMS [...]

Switzerland: Government Raises Withholding Tax Rates For U.K. to Match Recent Pact With Germany

 Daniel Pruzin GENEVA — Switzerland will raise the rates for past tax liabilities fixed under a new withholding tax agreement with the United Kingdom in order to match the higher rates recently negotiated in its deal with Germany. In an April 20 statement, the Swiss government said the rates were raised at the request of [...]

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