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Date
Saturday, November 18, 2017

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9 - 13 December 2017, Tehran


Recent Events
Czech Prime Minister Proposes Bank Tax
The ruling Czech Social Democratic Party, led by Prime Minister Bohuslav Sobotka, will introduce a special tax on the countrys banks if it wins elections scheduled for later this year.
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South Korea Achieved Record Tax Revenues In 2016
South Korea posted a small fiscal surplus in 2016 for a second year running, largely due to an unexpected increased in corporate tax and value-added tax revenues.
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Switzerland Rejects Corporate Tax Reform
Proposed changes to Switzerlands corporate tax framework have been rejected in a referendum.
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UAE Confirms Details For VAT From January 2018
The UAE has provided more details on plans to introduce VAT at a rate of 5 percent across the other Gulf Co-operation Council (GCC) member states on January 1, 2018.
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Switzerland Rejects Corporate Tax Reform
International Tax News

Switzerland Rejects Corporate Tax Reform

<p class="MsoNormal" style="text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><br /> </p> <p class="MsoNormal" style="text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span style="font-size:13.0pt;font-family:times new roman,serif;mso-ascii-theme-font:major-bidi;mso-fareast-font-family:times new roman;mso-hansi-theme-font:major-bidi;mso-bidi-theme-font:major-bidi">Proposed changes to Switzerlands corporate taxframework have been rejected in a referendum.<o:p /></span></p> <p class="MsoNormal" style="text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span style="font-size:13.0pt;font-family:times new roman,serif;mso-ascii-theme-font:major-bidi;mso-fareast-font-family:times new roman;mso-hansi-theme-font:major-bidi;mso-bidi-theme-font:major-bidi">Provisional results show that the Corporate TaxReform III (CTR III) package was opposed by just over 59 percent of voters inthe February 12 referendum.<o:p /></span></p> <p class="MsoNormal" style="text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span style="font-size:13.0pt;font-family:times new roman,serif;mso-ascii-theme-font:major-bidi;mso-fareast-font-family:times new roman;mso-hansi-theme-font:major-bidi;mso-bidi-theme-font:major-bidi">CTR III would have abolished corporate taxarrangements that the Swiss Federal Council deemed as no longer in keeping withinternational standards. These related principally to the reduced taxation ofholding, domiciliary, and mixed companies. To avoid any adverse impact onSwitzerlands international competitiveness, it was also proposed to givecantons the option of introducing a special patent box regime for intellectualproperty income, and of applying a higher deduction for research anddevelopment expenditure.<o:p /></span></p> <p class="MsoNormal" style="text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span style="font-size:13.0pt;font-family:times new roman,serif;mso-ascii-theme-font:major-bidi;mso-fareast-font-family:times new roman;mso-hansi-theme-font:major-bidi;mso-bidi-theme-font:major-bidi">Reacting to the vote, Finance Minister UeliMaurer told a press conference, &quot;It will not be possible to find asolution overnight.&quot; He warned that it could now take the Government ayear to devise new proposals and longer still to implement them.<o:p /></span></p> <p class="MsoNormal" style="text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span style="font-size:13.0pt;font-family:times new roman,serif;mso-ascii-theme-font:major-bidi;mso-fareast-font-family:times new roman;mso-hansi-theme-font:major-bidi;mso-bidi-theme-font:major-bidi">Tax-news.com<o:p /></span></p>

News Date: 20170000
Czech Prime Minister Proposes Bank Tax
South Korea Achieved Record Tax Revenues In 2016
UAE Confirms Details For VAT From January 2018
New Zealand Eyes Tax Cuts In Budget
UK To Waive Tax On Deceased Taxpayers ISA Investments

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