Los impuestos en el mundo. Actualización al 05-Sep-2011

Canada Canada Set On Deficit Reduction Plan Canada's deficit reduction plan is an opportunity for modernization of public expenditure, the President of the Treasury Board has said, reaffirming the government's commitment to balancing the budget in three years. Canada Consults On Tax Rules For Employee Profit Sharing Plans The Canadian government is reviewing the tax rules for Employee Profit Sharing Plans, vehicles which have increasingly been used for reducing or deferring tax on profits and avoiding the payment of Employment Insurance premiums. China China To Appeal WTO Ruling On Raw Material Exports The Ministry of Commerce has disclosed that China will appeal against a World Trade Organization panel’s ruling made last month against the duties and quotas China imposes on its exports of raw materials. Guernsey Cements Relations In China Representatives from Guernsey Finance visited China last week to further strengthen relationships in Shanghai and Beijing. China Confirms Sovereign Immunity In Hong Kong China’s National People's Congress Standing Committee has said that Hong Kong’s law must be aligned with the law on the Mainland, such that sovereign countries cannot be sued in its courts. China Appeals WTO Ruling On Raw Material Exports It has been confirmed that, on August 31, 2011, China notified the World Trade Organization of its decision to appeal the panel’s ruling, made in July, against the duties and quotas China imposes on its exports of raw materials. UK Complexity Drives Up UK Tax Write-Offs HM Revenue and Customs has 'given up' tax revenue worth over GBP27bn over the last five years, according to a new report which slams the complexity of the UK's tax system. UK's Micro Businesses Set For Simplified Reporting The UK is looking to reduce the amount of red tape encountered by the smallest businesses in their reporting requirements, in a move designed to boost innovation and growth in the sector. UK Lib Dems To Debate Land Tax Proposals The rift over tax policy in the UK's coalition government looks set to be highlighted at the Liberal Democrat's upcoming party conference, where members will debate proposals to make a new system of land taxation party policy. IASB Proposes Standards For Investment Entities KPMG UK has welcomed proposals issued by the International Accounting Standards Board to encourage more investment funds to switch to International Financial Reporting Standards. UK Games Machine Duty Tribunal Rules Against HMRC The UK's revenue agency has lost out in a tribunal ruling which has decided that certain electronic lottery machines ought not to be subject to licence duty. US Study Plugs Benefits Of US Repatriation Tax Break A new study has found that, if a tax break for United States companies repatriating profits from their overseas operations was to be reinstated, it would bring into the country a net USD8.7bn of additional revenue over 10 years. Think Tank Calls For US Corporate Tax Reform Third Way, a think tank based in Washington, has provided a policy memorandum that lists seven reasons why the United States corporate tax code should be modernized, in order to increase its competitiveness, encourage economic growth and create American jobs. Report Points To A Decline In US Local Income Taxes A report from the Tax Foundation has found that local taxes on wages and income, largely concentrated in a small handful of states, are reducing throughout the United States.