Australia: Government announcement on unlegislated tax changes

The Coalition Government inherited 96 announced but unlegislated tax and superannuation measures. It has now decided which of those measures will proceed (some with amendment).

Of the 96 measures, 4 have been dealt with as part of the Government’s carbon tax and mining tax repeal packages. The summary below identifies the 18 announcements that will be enacted, 3 announcements that will be amended and 7 announcements that have been abandoned altogether by the Coalition. The […]

By |December 16th, 2013|

Panama: Municipal Tax Collection For Road Construction Projects

It is common for local authorities to exceed their fiscal borders when levying construction taxes for the repair or construction of streets or roads. We must distinguish among three different types of municipal taxes related to road construction: construction tax, construction permits, and the right to extract non-metallic minerals. While all of these are municipal levies permitted by law, construction tax is the only one where the work on which the tax is imposed […]

By |December 13th, 2013|

The UK Expands Its Film Tax Credit Program; Targets More Production And Visual-Effects Work

Changes to the UK Film Tax Credit
In Britain’s annual Autumn Statement, a report on economic growth and government finances released by Britain’s Chancellor of the Exchequer (the British equivalent of America’s Treasury Secretary), the government announced an expansion of its film tax credit program by increasing subsidies and lowering the barriers to accessibility.

Amid increasing competition for international film and television production, the changes announced in the Autumn Statement are evidence of the government’s continued support for the […]

By |December 12th, 2013|