EU countries lost €137 billion in Value-Added Tax (VAT) revenues in 2017 according to a study released by the European Commission today. The so-called ‘VAT Gap’ – or the ... Read More
European Union-based vendors who use platforms like eBay Inc. and Amazon.com Inc. to sell goods into the U.K. face a compliance headache in the event of a hard Brexit, ... Read More
In a last-minute change ahead of the implementation of new tax rules for virtual currency trading, Thai lawmakers agreed that virtual currency trading on regulated exchanges should be exempt ... Read More
If the government raises value added tax and the central bank sees inflation risks from the move, it would be logical for the bank to keep interest rates higher ... Read More
Sweden’s competition watchdog has come out against a proposed tax on financial services companies, saying it would hit their ability to compete internationally and skew the domestic market. The ... Read More
The International Monetary Fund has recommended that China introduce a single rate of value-added tax, during recent talks on the rapid progress China is making on fiscal reform. The ... Read More
GCC officials agreed at the weekend to keep working towards the introduction of a value-added tax (VAT) around the region, in a sign that low oil prices may be ... Read More
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