Taiwan has made significant changes to its corporate income tax structure.
The Czech Republic has enacted the EU Anti-Tax Avoidance Directive.
The Dutch parliament has approved the proposal to change the Dutch corporate income tax consolidation regime (fiscal unity).
Swiss voters have approved the Federal Act on Tax Reform and AVS Financing (TRAF), which introduces major changes to the Swiss tax system.
To remain competitive with China, the India Finance Minister, Arun Jaitley, has stated that India will reduce its corporate tax rate from 30% to 25%.
The Brazilian government has issued a number of tax and administrative proposals which aim to tackle the forecasted R$30 billion deficit for 2016. The measures will have the effect of increasing taxes, mainly by reducing the number of tax incentives made available. However, it is the proposed increased tax on capital gains and the reintroduction of the CPMF social security contribution to help fund public health that have generated the most opposition.
At the end of August, the UAE’s Ministry of Finance released an official statement on progress regarding the introduction of corporate tax and value added tax (VAT). The statement confirms that the UAEis committed to launching direct and indirect tax regimes.
Corporate income tax breaks for SMEs paying wages to lower-level employees is one step closer to being law
The sweeping changes that were proposed to both the corporate tax and individual income tax regimes will enter force on January 1, 2015
The final draft legislation on the amendments to the Corporate Income Tax, Individual Income Tax and other Acts should come into force on January 1, 2015
The Finnish government is currently negotiating tax proposals as part of the 2015 budget discussions
On August 14, 2014, the Chilean Government released a tax bill that proposes 278 modifications to the original reform bill that was presented in April