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Income tax may need to rise if Irish economy grows too quickly, warns IFAC

Income tax may need to rise if Irish economy grows too quickly, warns IFAC Income tax may need to rise if Irish economy grows too quickly, warns IFAC

While the country’s economic outlook is generally positive, it does run the risk of overheating.
29 Jan 2018
Ireland denies being tax haven despite low tax rates enjoyed by top companies

Ireland denies being tax haven despite low tax rates enjoyed by top companies Ireland denies being tax haven despite low tax rates enjoyed by top companies

Official figures also reveal narrowness of tax base, with 70% of corporate tax receipts coming from the country’s top 100...
29 Jan 2018
Tax changes and strengthening economy expected to double Malaysia’s growth rate

Tax changes and strengthening economy expected to double Malaysia’s growth rate Tax changes and strengthening economy expected to double Malaysia’s growth rate

BMI Research believes the positive outlook should help the country achieve its fiscal deficit target of 2.8% of GDP in...
29 Jan 2018
India clamps down on tax evasion among US bank account holders

India clamps down on tax evasion among US bank account holders India clamps down on tax evasion among US bank account holders

India's income tax department is targeting senior executives with US bank accounts, acting on information that the US is sharing...
29 Jan 2018
India’s Income Tax Department suspends official for allegedly harassing a taxpayer

India’s Income Tax Department suspends official for allegedly harassing a taxpayer India’s Income Tax Department suspends official for allegedly harassing a taxpayer

The deputy commissioner is accused of demanding “illegal gratification”.
29 Jan 2018
Universal social security proposals stumble over potential wage costs

Universal social security proposals stumble over potential wage costs Universal social security proposals stumble over potential wage costs

The Indian labour ministry’s plans have hit a roadblock due to opposition from other government departments.
29 Jan 2018
US approves President Trump’s controversial US$1.5 trillion tax bill

US approves President Trump’s controversial US$1.5 trillion tax bill US approves President Trump’s controversial US$1.5 trillion tax bill

The long-awaited legislation has been criticised for benefitting the rich, while adding over a trillion dollars to the budget deficit.
29 Jan 2018
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