Brazil’s tax amnesty (Special Regime for Tax and Exchange Legalisation or RERCT) has been reopened. The Brazilian government has extended, by 120 days, the opportunity for Brazilian taxpayers to declare assets previously held abroad and avoid criminal liability to September 29, 2017. Under the scheme, individuals agreeing to pay tax debts within the terms of […]
Australian Bankers Call For Tax Reform
The Australian Bankers’ Association (ABA) has criticized the current system for distributing goods and services tax revenue and called for a comprehensive reform of the tax system. The ABA’s submission to the Productivity Commission’s inquiry into Horizontal Fiscal Equalisation (HFE) states that in unintended and undesirable consequences have emerged during the system’s 17 years of […]
Denmark To Invest In Tax Administration Overhaul
The Danish Government will spend DKK10.5bn (USD1.68bn) in reforming Denmark’s tax administration over the next few years, according to the Tax Ministry. Denmark’s tax authority, the SKAT, will be replaced by seven independent management boards on July 1, 2018, in an attempt to introduce more specialization across a wide area of tax administration. Last […]