22/05/2012 Limit European workers to help British unemployed, says MP

High unemployment in the UK could be eased by restricting the movement of workers from Europe, Labour MP Frank Field told Parliament yesterday.

22/05/2012 Hong Kong: Tax Authority Seeks to Tax Payments in Lieu of Notice

Hong Kongs Inland Revenue Department IRD has recently revised the cessation form IR56F1 and departure form IR56G2 to require employers to report all...

21/05/2012 European Commission - Increase in VAT rates, slight increase in corporate income tax rates in 2012

The European Commission today provided a report on tax trends in the European Union, revealing that the average standard rate of value added tax VAT...

21/05/2012 Norway - Overview of Norwegian tax system

The KPMG member firm in Norway has prepared an overview of the Norwegian tax system for 2012.

21/05/2012 Norway - Budget includes proposal to amend exit tax rules

The government of Norway on 15 May 2012 presented the revised national budget for 2012, which contains several tax proposalsincluding one that would...

more HR features

• HR director shares details of Vauxhall jobs deal:
  HR played a key role in yesterday's Vauxhall jobs deal, securing reduced pay for new hires, contractual overtime and a four year wage settlement, the HR director at the centre of talks has told PM.
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• United Kingdom - Tax guidance on beneficial ownership, depository receipts:
  The HM Revenue & Customs HMRC has issued guidance providing that for tax purposes, HMRC will treat an American depositary receipts ADRs as conferring beneficial ownership.
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• Spain - Tax treatment of write-downs, real estate sales by financial sector:
  Royal Decree-law 18/2012 introduces tax provisions concerning the write-down and sale of real estate assets by the taxpayers in the financial sector.
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• Estonia - Changes to packaging law; income tax treaty with India:
  Changes to Estonias laws on waste and packaging effective in April 2012 provide new rules for packaging on which a deposit is required and also new measures concerning the refund of such deposits.
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• United States: New STEM Immigration Proposal Introduced, Others Expected:
  A bill introduced by Sen. John Cornyn R-TX would streamline the permanent residence process and allocate 55,000 employment-based immigrant visas to STEM advanced-degree graduates. EB-1, EB-2 and EB-3 foreign nationals would be eligible to file an...