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Tax-News.com: US Senator Carl Levin is attempting to add an amendment to a small business jobs bill currently pending in the Senate that will close loopholes he says are being abused by multinational corporations to reduce their US taxes.
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Tax-News.com: UK Chancellor George Osborne is unveiling plans for a new Office of Tax Simplification. The new, independent body will, as the name suggests, be tasked with simplifying the British tax system.
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Tax-News.com: Increasing numbers of Americans are taking the dramatic step of renouncing their citizenship in order to escape Uncle Sam's all-encompassing tax net.
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Tax-News.com: The UK coalition government has survived a tense Commons debate, winning the vote to confirm the increase in VAT to 20% with effect from January, 2011.
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Tax-News.com: The European Commission has announced measures that will ensure that taxpayers do not lose out on their right to VAT refunds.
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Tax-News.com: After a period of delay since its approval by the House of Representatives on June 30, the US financial reform bill was finally approved by the Senate on June 15 and sent to President Obamas desk to be signed into law.
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Tax-News.com: Max Baucus, the Democratic head of the US Senate tax committee, has said that temporary tax cuts for middle class Americans should be extended as soon as possible, but with Congressional elections on the horizon, action to extend a series of temporary tax breaks for both individuals and businesses may be delayed until late in the year, causing further uncertainty for taxpayers as th
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Tax-News.com: The Obama administration has said that its door is open to ideas from the business community on how tax and regulation can be improved to help drive forward the economic recovery.
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