Australia: Taxation on Subsequent Transfer of Art

The Resale Royalty for Visual Artists Act 2009, which was passed by the Australian Senate into law last week (November 26th) will mean Australia’s visual artists will receive a portion of the proceeds from the resale of their…

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Australia: Tax Legislation Growing at Unprecedented Rate

Australia passed legislation, adding 9042 pages of tax laws to the books last year.  That is more new tax legislation than has been seen in that country over whole decades.  This sort of rampant legislative expansionism, results in…

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India: Wither Positive Tax Reform

While positive aspects of Indian tax reform have been more common place in recent times, this article highlights some of the less than inspired choices being made by the Indian Parliament, in the area of both domestic and…

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Australia: An Arguement for Tax Simplification

Although this articles could have appeared in one of dozens of national newspapers across the developed world, this recent article in The Age (Australia), makes a cogent case for reducing the complexity of the income tax system, and…

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Iraq: Tax Holiday for Foreign Companies

A new investment law offers corporate tax holidays of 10 years to foreign companies coming to Iraq.  By focusing on economic reform and an enhanced business environment,  Iraq’s chances of emerging from the devestation of the Saddam era,…

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Indian Finance Minister Unveiled Income Tax Code

Last fortnight, the Indian finance minister unveiled the much talked about new Income Tax code, which aims to enhance and modernize the Indian tax system, and which appears to envisage general anti-avoidance rules (otherwise known as GAAR), similar…

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Taxation Follows Recession and Fiscal Stimulus

This article from BusinessDay (South Africa) demonstrates that, like night follows day, taxation follows fiscal stimulus! Recession is taxing the mind of governments

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Canada’s Current Fiscal Imbalance

Personal and corporate income taxes, and excise tax revenue are down, with corresponding increases in program expenses.  Program expenses in June 2009 were $20.7 billion, up $4.2 billion, or 25.2 per cent, from June 2008. This increase is…

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Business Taxation in Western Canada: Settling for a Personal Best? The Western Canadian Economy in the International Arena

This paper examines the competitiveness of the business tax regimes in Canada’s four western provinces. The discussion focuses on the tax burden imposed on investment, as measured by the marginal effective tax rate (METR) on capital. business_taxation_western_can.pdf

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Controlled Foreign Company – Taxation Regimes in Selected Countries

A very thorough comparitive analysis of the Controlled Foreign Company taxation regimes of: Australia, France, Germany, Italy, Japan, Netherlands, New Zealand, Sweden, United Kingdom and the United States See Report – F34-3-5-2009E.pdf

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