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Tag Archives: rate
Tax Incentives for Fracking
News the government is promising local authorities can keep 100% of local business rate taxes from fracking. On top of promises of an amount for each test drill and a percentage of revenues there is a big tax incentive push … Continue reading
Posted in Uncategorized
Tagged 100%, authorities, drill, fracking, incentive, local, rate, tax
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Japan to Increase VAT to 8% !
Japan is to increase its version of consumption tax, or VAT, from 5% to 8% next year. The Japanese action to strengthen it finances, and international confidence in its economy, was welcomed by the OECD which is urging a further … Continue reading
Google: The moral case on tax avoidance is overwhelming…..
“From 2007 onwards, [Google] made £11.9bn worth of revenues in Britain, but gave the taxman only around £10m in corporation tax.” Stunning! http://www.independent.co.uk/voices/comment/the-moral-case-on-tax-avoidance-is-overwhelming–and-we-all-know-google-wants-to-do-the-right-thing-8622565.html Eamon McNicholas Tax Barrister, Accountant EamonMcNicholas.com
Posted in Tax and Accounting News
Tagged avoidance, Google, ireland, rate, reduce, tax
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France Mulls Reduced VAT For Online Press
“In France, the 19.6% standard rate of VAT is currently imposed on the online press industry, while a significantly reduced VAT rate of 2.1% is applied to the hard-copy press. The report advocates that the two rates be aligned and … Continue reading
VAT cut ‘would create employment’
“Hundreds of thousands of jobs could be created if VAT was cut by 5%, according to a report by pub, restaurant and hotel firms.” “Jacques Borel, a French entrepreneur who has successfully campaigned for VAT reduction in hospitality across Europe, … Continue reading
Posted in Tax and Accounting News
Tagged borel, hospitality, jacques, rate, reduce, VAT
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Vietnam Agrees To Maintain VAT Lower Rates
“..in light of the present difficult conditions for businesses, the National Assembly deputies agreed, temporarily, not to reduce the number of products that enjoy the preferential rate (or those items that are zero-rated), particularly as they are predominantly goods required … Continue reading
Now taxman’s errors are YOUR FAULT: HMRC moves goalposts so it is up to taxpayers to spot mistakes
“The new rules make taxpayers themselves directly responsible for checking their code is correct and spotting mistakes. If they fail to do this, their appeal will not be upheld.” Seems a tad harsh. http://wwwTax bosses want to overhaul a special … Continue reading
