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Adam Smith of DLA Piper Australia reviews a raft of proposed Australian tax law changes, including a widened scope of capital gains tax for foreign residents [ABSTRACT FROM AUTHOR]

Juan José Paullada Eguirao and David Guakil Raffoul of Ritch Mueller explain the computation and payment process of capital gains taxes derived from the sale of shares by non-Mexican residents [ABSTRACT FROM AUTHOR]

The 'big four' accountancy firm partners with AI systems to augment a range of professional services, while Malaysia introduces a new capital gains tax [ABSTRACT FROM AUTHOR]

Ana Carrilho Ribeiro and António Queiroz Martins of Morais Leitão, Galvão Teles, Soares da Silva & Associados report opportunities on the taxation of capital gains arising from the sale of SMCs, in the hands of resident and non-resident individual shareholders. [ABSTRACT FROM AUTHOR]

The Italian government published plans to levy capital gains tax on cryptocurrency transactions, while Brazil and the UK signed a new tax treaty. [ABSTRACT FROM AUTHOR]

Budgetary changes could result in a capital gains tax rate of 53%, says Solange Dias Nóbrega of Morais Leitão, as Portugal's policy of heavy taxation of individuals shows no sign of being reversed. [ABSTRACT FROM AUTHOR]

This article provides information on the tax system in Venezuela in 2011. It discusses the procedure for paying income tax and filing annual tax returns. It also explores the implementation of tax treaties entered by Venezuela with other countries. The taxation of capital gains from the sale of shares, movable and immovable property is noted. In addition, the article gives an overview of taxation services offer by a number of firms in the country, including Baker & McKenzie, PricewaterhouseCooper and Ernst & Young.

This article provides information on the tax system in Uruguay in 2011. It discusses the enactment of several tax laws since the passage of the Tax Reform Act. It also describes an international treaty signed by Uruguay with India on bank secrecy and the exchange of tax information on tax. In addition, the article offers an overview of taxation services offer by a number of firms, including Ferrere Abogados, Guyer & Regules and PricewaterhouseCoopers. The country's corporate income, capital gains and withholding tax rates are also stated.

This article presents information on the tax system in Great Britain in 2011. It discusses the government's plan to review the tax system by establishing the Office for Tax Simplification. It cites the plan to ensure the implementation of proper tax accounting arrangements. It also offers an overview of taxation services offer by a number of firms, including Allen & Overy, Clifford Chance and Freshfields Bruckhaus Deringer. In addition, the article identifies the country's corporate income, capital gains and withholding tax rates.

This article presents information on the tax system in Sweden in 2011. It discusses changes to the country's company and personal income tax rules. It notes the implementation of participation exemption rules for dividends and capital gains. It also shows proposals to amend the tax rules for investment funds and CFC legislation issued by the Swedish Tax Agency. In addition, the article describes a case law to govern the taxation of employee stock awards. An overview of taxation services offer by firms such as Ernst & Young and PricewaterhouseCoopers is given.

This article provides information on the tax system in Peru in 2011. It offers an overview of taxation services offer by a number of firms, including PricewaterhouseCoopers, Ernst & Young and KPMG. It gives the country's corporate income, capital gains, branch and withholding taxes, as well as its dividends, interest and royalties. It notes the imposition of an income tax rate of five percent on capital gains derived by non-resident entities. The enforcement of a dividend tax on profits distributed to non-residents and individuals is also stated.

This article provides information on the tax system in Panama in 2011. It offers an overview of taxation services offer by a number of firms, including Ernst & Young Central America and Taxand Panama. It gives the country's corporate income, capital gains, branch and withholding taxes, as well as its dividends, interest and royalties from patents and licenses. In addition, the article notes the imposition of a tax of 10 percent on dividends paid out of domestic profits and a rule to exempt certain interest from tax.

This article presents information on the tax system in Spain in 2011. It discusses some changes to the tax system announced by the government in an effort to reduce its budget deficit. It notes the plan of the government to increase the standard rate by two percent. The enforcement of tax exemptions for dividends and capital gains is noted. In addition, the article offers an overview of tax and legal services offer by a number of companies, including Baker & McKenzie, Freshfields Bruckhaus Deringer and KPMG.

This article provides information on the tax system in Singapore in 2011. It reports the launch of the Singapore Institute of Accredited Tax Professionals (SIATP) in the state. It discusses the imposition of tax incentives by tax authorities. It also offers an overview of taxation services offer by a number of firms, including PricewaterhouseCoopers, Ernst & Young and KPMG. In addition, the article identifies the country's corporate income, capital gains and withholding tax rates, as well as its dividends, interest rate and royalties.

This article presents information on the tax system in Serbia in 2011. It assesses the effort of the government to create a business-friendly tax environment and a tax system compatible with legislation from the European Union (EU). It also discusses the decision of the Parliament to adopt amendments to the Corporate Income Tax Law. The imposition of a tax holiday in the country is noted. In addition, the article identifies the country's corporate income, capital gains, branch and withholding tax rates.

This article presents information on the tax system in Puerto Rico in 2011. It discusses the imposition of corporate taxes to partnerships and limited liability companies. It also states the imposition of an income tax and a progressive surtax to domestic corporations. The enforcement of tax exemptions for certain interest is noted. In addition, the article identifies the country's capital gains, branch and withholding taxes, including its dividends, interest and royalties from patents and licenses.

This article provides information on the tax system in Poland in 2011. It discusses the plans of the government to reform the tax system, including changes to the value-added tax (VAT) and the taxation of partnerships. It also notes the rules to exempt certain interest from tax. In addition, the article details the taxation services offer by a number of companies, including Deloitte, Ernst & Young and Accreo Taxand. The country's corporate income, capital gains and withholding tax rates are also stated.

This article provides information on the tax system in Norway in 2011. It discusses the taxation of transfer pricing in the country and an increase in the number of tax audits and tax-related court cases. It also offers an overview of taxation services offer by a number of firms, including Ernst & Young, Bugge Arentz-Hansen & Rasmussen and Deloitte. In addition, the article presents the country's corporate income, capital gains and withholding taxes, as well as its dividends, interest and royalties from patents and licenses.

This article provides information on the tax system in Montenegro in 2011. It discusses the advancement of the tax system, including the improvement in administrative implementation of the tax legislation. It enumerates the taxation advantages of Montenegro to investors, including a low corporate and personal income tax rates and a value-added tax (VAT) rate of 17 percent. In addition, the article notes a number of tax treaties signed by the government to regulate the double taxation of income and capital gains.

This article discusses the tax system in Japan in 2011. It highlights the impact of developments in transfer pricing and withholding tax exemptions on taxpayers. It offers an overview of tax and legal services offer by a number of firms, including Baker & McKenzie, KPMG and PricewaterhouseCoopers. In addition, the article identifies the country's tax rates, including corporate profit, capital gains, branch and withholding taxes, as well as dividends, interest and royalties from patents and licenses.

This article provides information on the tax system in Malta in 2011. It identifies the Ministry of Finance, the Economy and Investment as the country's tax authority. It also presents the country's tax rates, including corporate profit, capital gains, branch and withholding taxes, as well as its dividends, interest and royalties from patents and licenses. In addition, the article offers an overview of taxation services offer by a number of firms in the country, including Avanzia Taxand Ltd., Ernst & Young and PricewaterhouseCoopers.

This article discusses the tax system in Indonesia in 2011. It highlights the introduction of transfer pricing, tax treaties and benchmarking to secure economic development. It notes the enforcement of a value-added tax (VAT) and a sales tax. It also identifies several methods for the implementation of the arm's-length transaction between affiliated parties by tax auditors. In addition, the article presents the country's corporate income, capital gains, branch and withholding tax rates, as well as dividends and royalties.

This article discusses the tax system in Italy in 2011. It looks forward to changes in the tax system during the year. It highlights a change in the country's corporate income tax rate. It also expects an increase in tax auditing activities. In addition, the article identifies the country's tax rates, including corporate profit, capital gains, branch and withholding taxes, as well as dividends, interest and royalties. An overview of tax and legal services offer by firms such as Ernst & Young is given.

This article discusses the tax system in Israel in 2011. It highlights changes in the position of the Israel Tax Authority on business conversions of technology companies and warns companies about the effect of the changes on their transfer pricing. It also identifies changes in the taxation of capital gains and royalties. It hopes tax reforms to boost the country's global competitiveness. In addition, the article offers an overview of taxation services offer by a number of companies, including Gornitzky & Co., KPMG and PricewaterhouseCoopers.

This article provides an overview of the tax system in the Czech Republic in 2011. It provides the country's tax rates, including corporate profit, capital gains, branch and withholding taxes, as well as dividends, interest and royalties. It notes the imposition of a corporate tax on investment funds, mutual funds and pension funds and a withholding tax on interest payments. In addition, the article describes a range of taxation services offer by Ernst & Young and PricewaterhouseCoopers in the country.

This article provides an overview of the tax system in China in 2011. It explores some developments in the country's anti-tax avoidance rules and the enforcement of a tax treaty on dividends, interest and royalties. It also discusses the collection of a tax payment on capital gains and a circular issued by the State Administration of Taxation (SAT) at the end of December 2009. In addition, the article describes the business tax services offer by several firms in the country, including Baker & McKenzie, PricewaterhouseCoopers and Clifford Chance.

This article discusses the tax system in Albania in 2011. It highlights the effort of the government to create a tax-friendly environment for foreign investors. It cites tax incentives being offered to investors seeking to do business in the country. In addition, the article provides an overview of the implementation of a range of business taxes, including corporate income, withholding and value-added taxes. The enforcement of capital gains, transfer and property taxes on businesses is also discussed.

This article describes some of the main features of the Venezuelan tax regime. It discusses the need to calculate and paid income tax for each fiscal year and the subtraction of costs and deductions under the Income Tax Law. It also looks at some of the tax treaties signed by Venezuela with other countries that apply the so-called branch tax. In addition, the article explains the taxation of capital gains from the sale of shares, movable and immovable property. The implementation of transfer pricing rules in the country is also discussed.

This article looks at tax rates in Latin America during the global economic downturn. The Peruvian government enacted a law governing the tax treatment of capital gains. The government of Chile approved a plan to increase its corporate tax rate in 2011. Both Chile and Peru also intend to impose a windfall tax on mining profits. In contrast, the Brazilian government applied tax offsets for companies and banks that experienced losses during the crisis. In response to a decline in its tax revenue due to tax offsets, the government considered withdrawing some corporate tax incentives in 2010.

The article probes into capital gains taxes on certain share transfers in Mexico. The issue of tax consequences from capital gains generated by a transfer of shares is deemed crucial for multinational companies planning to expand, merge, acquire, restructure or move their investments to other countries. Several tax provisions need to be considered, including those under the Mexican Income Tax Law (MITL) and those in accordance with the conventions for the avoidance of double taxation and the prevention of fiscal evasion.

This article presents a taxation guide to the leading tax firms and tax advisers in Indonesia in 2010. It describes a range of taxation services being offered by tax firms such as Ernst & Young, Deloitte and PricewaterhouseCoopers. The country's corporate income, capital gains and withholding tax rates are stated, as well as its interest, royalties from patents and licenses, and branch remittance tax rate. The taxation of the capital gain from the sale of shares of publicly listed companies is noted.

This article presents a taxation guide to the leading tax firms and tax advisers in Japan in 2010. It discusses the 2009 Japanese Tax Reform that promotes investment in the country. It also explores the implementation of tax exemptions for Japanese companies. In addition, the article presents a directory of tax firms and consultants operating in Japan. The country's corporate income, capital gains and withholding tax rates are stated, as well as its interest and royalties from patents and licenses.

This article presents a taxation guide to the leading tax firms and tax advisers in Israel in 2010. It describes a range of taxation services being offered by tax firms such as Ernst & Young and Gornitzky & Co. It discusses the tax exemption granted for capital gains on the sale of assets located outside Israel. The article also provides the country's corporate income, capital gains and withholding tax rates, as well as its interest, royalties from patents and licenses, and branch remittance tax rate.

This article presents a taxation guide to the leading tax firms and tax advisers in Italy in 2010. It looks at some of the tax changes affecting the business community. It also explores the effort of the government to address tax-haven jurisdictions by rising potential penalties on offshore assets and allocating additional resources. In addition, the article presents a directory of tax firms and consultants operating in Italy. The country's corporate income, capital gains and withholding tax rates are stated, as well as its interest and royalties.

This article presents a taxation guide to the leading tax firms and tax advisers in Ireland in 2010. It describes a range of taxation services, such as tax assurance, tax accounting and domestic and international tax planning, being offered by tax firms such as KPMG, PricewaterhouseCoopers, Ernst & Young and BDO Simpson Xavier. It also provides the country's corporate income, capital gains and withholding tax rates, as well as its interest, royalties from patents and licenses, and branch remittance tax rate.

This article offers a taxation guide to the leading tax firms and tax advisers in Hong Kong, China, in 2010. It discusses the expansion of the city's network of double taxation agreements (DTAs). It explores the granting of relief from double taxation due to transfer pricing or profit reallocation adjustments. In addition, the article presents a directory of tax firms and consultants operating in Hong Kong. The city's corporate income, capital gains and withholding tax rates are stated, as well as its interest and royalties.

This article presents a taxation guide to the leading tax firms and tax advisers in India in 2010. It expresses concerns about the complex nature of the country's tax system. It also discusses the release of the draft Direct Tax Code Bill, 2009 (DTC) in an attempt to eliminate distortions in the tax structure. In addition, the article presents a directory of tax firms and consultants operating in India. The country's corporate income, capital gains and withholding tax rates are stated, as well as its interest and royalties.

This article offers a taxation guide to the tax firms and tax advisers in Greece in 2010. It provides the leading tax firms in the country, including Ernst & Young and Dryllerakis & Associates. It describes a range of taxation services being offered by each firm. In addition, the article gives the country's corporate income, capital gains and withholding tax rates, as well as its interest and royalties from patents and licenses. A reduction in the corporate income tax rate under enacted legislation is noted.

This article presents a taxation guide to the tax firms and tax advisers in Finland in 2010. It provides the leading tax firms in the country, including Ernst & Young and PricewaterhouseCoopers. It describes a range of taxation services being offered by each firm. In addition, the article identifies Finland as having some of the highest tax rates in Europe. The country's corporate income, capital gains and withholding tax rates are given, as well as its interest and royalties from patents and licenses.

This article provides a taxation guide to the leading tax firms and tax advisers in Germany in 2010. It discusses the impact on the 2008 tax year from tax law changes, such as the earning stripping provisions or changes with respect to the loss utilization. It also explores a reform of the Reconstructions Tax Act. In addition, the article presents a directory of tax firms and consultants operating in Germany. The country's corporate income, capital gains and withholding tax rates are stated, as well as its interest and royalties.

This article offers a taxation guide to the tax firms and tax advisers in member countries of the Gulf Cooperation Council in 2010. It provides the leading tax firms operating in member countries, including Ernst & Young and PricewaterhouseCoopers. It describes a range of taxation services being offered by each firm. In addition, the article provides the corporate income, capital gains and withholding tax rates of each member state, as well as their interest and royalties from patents and licenses.

This article offers a taxation guide to the leading tax firms and tax advisers in France in 2010. It considers the French tax system as one of the most onerous in the world. It notes that the country's corporate income tax rate stands at 34.43 percent. A number of tax incentives available to individual taxpayers to reduce their income tax is also mentioned. In addition, the article presents a directory of tax firms operating in France. The country's capital gains and withholding tax rates are stated, as well as its interest and royalties.

This article presents a taxation guide to the leading tax firms and tax advisers in Denmark in 2010. It discusses a tax reform that led to reduction on taxation of individuals in the country. It highlights the amendments to the taxation of capital gains and dividends for shareholders. In addition, the article presents a directory of tax firms and consultants operating in Denmark. The country's corporate income tax rate, branch tax and withholding tax rate are given, as well as its interest and royalties.

This article presents a taxation guide to the leading tax firms and tax advisers in Chile in 2010. It provides a directory of tax firms and consultants operating in Chile and their appointments and policy changes, including Ernst & Young and PricewaterhouseCoopers. It also gives the country's corporate income, capital gains and withholding tax rates, as well as its interest and royalties from patents and licenses. A reduction in the withholding tax rate to 15 percent for certain transactions is noted.

This article presents a guide to taxation in Czech Republic in 2010. A directory of tax firms and tax consultants operating in the republic is offered. The range of taxation services being offered by tax firm PricewaterhouseCoopers are cited, including specialisation in the preparation and submission of corporate income tax returns. In addition, the article explores the implementation of a value-added tax (VAT) in the country. The country's corporate income, capital gains and withholding tax rates are stated, as well as its interest and royalty rates.

This article presents a guide to taxation in Cyprus in 2010. The impact of the taxes imposed on the shipping industry are cited. The implementation of double tax treaties and numerous bilateral agreements in conjunction with tax benefits for both foreign and local shipowners are discussed. A directory of tax firms and consultants operating in Cyprus is offered. The services being offered by PricewaterhouseCoopers Tax and Legal Services in the country are described. Corporate income, capital gains and withholding tax rates in Cyprus are also stated, as well as interest and royalty rates.

This article presents a taxation guide to the leading tax firms and tax advisers in Belgium in 2010. It discusses the implementation of real property taxes in the country. It explores the application of the Belgian and international accountancy rules by companies. In addition, the article presents a directory of tax firms and consultants operating in Belgium. The country's corporate income, capital gains and withholding tax rates are stated, as well as its interest and royalties from patents and licenses.

This article presents a guide to taxation in Canada in 2010. It discusses the statutory amendments made to the Income Tax Act (Canada) and jurisprudence regarding the concept of beneficial ownership in the country's tax treaties. Developments in Canadian tax laws that are relevant to foreign inbound and outbound direct investment are outlined. A directory of tax firms and consultants operating in Canada is offered. The country's corporate income, capital gains and withholding tax rates are also stated, as well as its interest and royalties from patents and licenses.

This article presents a taxation guide to the leading tax firms and tax advisers in Colombia in 2010. It discusses a tax reform bill that was submitted to the Colombian Congress in an effort to prevent a decline in future revenues. It also explores the implementation of a double tax treaty in the country. In addition, the article presents a directory of tax firms and consultants operating in Colombia. The country's corporate income, capital gains and withholding tax rates are stated, as well as its interest and royalties.