Tax & Accounting Blog

U.K. Labour Party Introduces Public CbC Reporting Amendments to Finance (No. 2) Bill 2016

U.K. Labour Party Introduces Public CbC Reporting Amendments to Finance (No. 2) Bill 2016

On June 13, 2016, U.K. Parliament member Caroline Flint issued a press release concerning proposed amendments that the U.K. Labour Party added to Finance (No. 2) Bill 2016 (“Bill”) for public country-by-country (CbC) reporting. The amendments were published on June 8, 2016. MP Flint said: “I am delighted to have such … Read More

China: 1 year transition for e-commerce

China: 1 year transition for e-commerce

By Yanchen Zhou On 24 May 2016 , subject to State Council’s approval, China’s General Administration of Customs (GAC) announced the new administration rules (Shubanfa [2016] No.29) in the transitional period for cross-border e-commerce retail import. Suppliers of goods to Chinese consumers had been worried about how the new regulations could impact their bottom line … Read More

Good Taxpayer, Get a Reward…

Good Taxpayer, Get a Reward…

Delhi’s Commercial Tax Office released an order creating a “Reward/Appreciation Scheme” for Good dealers. In India, state level value added tax provides a considerable amount of revenue, in the case of the National Capital Territory it provides 65% of the total collections. The value added tax is most commonly paid by retailers of goods where … Read More