Special Editon: The Financial Transactions Tax Latest developments [PDF 265KB]
This Newsletter provides an update on the ongoing debate regarding the proposed introduction of a Financial Transactions Tax (FTT) within the EU. In this Newsletter we focus on how the debate has developed since December at the level of the EU, including the latest position across the Member States.
Special Editon: Long-awaited proposed FATCA regulations issued [PDF 204KB]
On February 8, 2012, the Department of Treasury and Internal Revenue Service issued the proposed FATCA regulations. This Tax News summarises guidance provided in the proposed regulations.
January
Restriction of bad debt allowance [PDF 138KB]
2011 Reform Amendment Tax Law was promulgated on December 2, 2011, and includes specific restriction of tax deductions for bad debt allowance.