- IRS watchdog warns of ‘largest scam of its kind’ with agency impersonators
The Internal Revenue Service watchdog on Thursday warned taxpayers of a sophisticated nationwide phone scheme that has become “the largest scam of its kind that we have ever seen.”
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- Israel Announces Work Permit for Short Term Employment
As per a recent informal announcement made by the Israel Work Permit Unit, experts and managers from countries that have signed an agreement with Israel are now allowed to work in Israel for up to 30 days on a B/2 Business Visa, reports Nair & Co. a provider of global HR services for companies with international operations.
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- Israel Business Guide
Israel Business Guide - Nair & Co. helps organization set up and operate in Israel with legal entity set up support that includes managing the complete legal entity documentation and registration process. We advise companies on Israel employment laws, help manage payroll, corporate taxes, VAT/Indirect Tax and day-to-day accounting issues.
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- Israel hikes VAT to Record High 18%: Update from International Tax Compliance Services Team
The Israeli Government has raised value-added tax rate (VAT) to 18% from 17%. In the light of the growing budget deficits, the Israeli Tax Authority expects to generate more revenue from the increase in tax and close the widening gap, says Nair & Co.’s International Tax Consulting Team.
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- Israeli Government Approves Budget 2013-2014
The Israeli government has approved the Budget for the fiscal year 2013-2014, announcing significant changes to both individual and corporate tax regulations. The provisions related to tax rates will take effect as of January 1, 2014.Read the press release to learn more about the key highlights of the proposal.
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- Italian Government Approves Measures for Economic Growth
With an aim to revive its flagging economy, the Italian government plans to address unresolved issues that have held back its economic growth over the past few years.
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- Italian Government Increases the VAT Rate to 22%
The Italian government has recently increased the standard Value Added Tax (VAT) rate on goods and services to 22% with effect from 1 October 2013, though it was expected that the increase in VAT rate would be postponed to 1 January 2014, reports Nair & Co.’s International Tax Consulting Team.
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- Italian Government Introduces Withholding Tax on Inbound Wire Transfers
The Italian government recently introduced legislation ordering all banks to withhold 20% on certain inbound wire transfers. The inbound wire transfers affected include income earned from foreign investments, financial gains, interest, dividends and certain other incomes, made into personal bank accounts in Italy.
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- Italy Business Guide
Italy Business Guide - Nair & Co. helps organization set up and operate in Italy with legal entity set up support that includes managing the complete legal entity documentation and registration process. We advise companies on Italy employment laws, help manage payroll, corporate taxes, VAT/Indirect Tax and day-to-day accounting issues.
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- Italy Introduces Web Tax Legislation
The Italian Parliament has passed a new tax regulation as part of the 2014 Budget Bill (Legge di Stabilit? 2014).
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- Japan and UK Agree in Principle to Amend Current Tax Convention
The governments of Japan, the UK and Northern Ireland have agreed in principle on a draft legislation to amend the current tax convention which took effect in 2006.
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- Japan Budget 2013 - Amendments to Transfer Pricing Regulations, Withholding Tax, SME Expenses and Taxation
The Japanese cabinet has approved several reforms which include changes to corporate, individual and international taxation, in order to stimulate the economy says, Nair & Co., which provides international tax consulting for companies expanding overseas.
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- Japan Business Guide
Japan Business Guide - Nair & Co. helps organization set up and operate in Japan with legal entity set up support that includes managing the complete legal entity documentation and registration process. We advise companies on Japan employment laws, help manage payroll, corporate taxes, VAT/Indirect Tax and day-to-day accounting issues.
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- Japan Issues New Reporting Requirement for Stock-based Compensation Offered by Foreign Employers: Nair & Co
apan tax authorities recently announced new reporting requirements for foreign stock-based compensation received by resident employees and directors of certain entities in Japan. Please visit Nair and co website to know more information.
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- Japan Lowers Corporate Tax to Boost Economy in its 2014 Tax Reform Proposal
The ruling parties of Japan have proposed changes to the effective Corporate Tax Rate on account of abolishment of the special reconstruction surtax, as part of the 2014 Tax Reform Proposal.
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- Japan Plans to Double Consumption Tax Rate by 2015
Japan has proposed to introduce new reduced Consumption Tax (VAT) Rate for basic goods, in an effort to assuage the impact of the planned tax rate to 10% by 2015
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- Japan Proposes 2013 Tax Reforms
The Japanese government has outlined proposed tax reforms; however, these can be altered during the legislative process.
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- Key Points of India Budget 2013 – Increase in Amnesty for Service Tax Defaulters & Withholding Tax on Nonresident Royalt
India has kept corporate tax rates largely unchanged and announced a series of measures to boost the country’s growth rates in its annual budget unveiled on Feb 28. Here are some key highlights compiled by Nair & Co., the leader in international expansion services, for foreign companies doing business in India.
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- Killing Golden Goose, California Taxes Capital Gains As Ordinary Income
Living in California has many perks, but tax rates are not among them. As the Phil Mickelson brouhaha underscored, poor economics and rising tax rates can cause a perfect storm. - See more at: http://www.mytaxfiler.com/blog/killing-golden-goose-california-taxes-capital-gains-as-ordinary-income/#sthash.bq73HgGO.dpuf
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- Know More about the “1031 Exchange”
A 1031 exchange is known also as Internal Revenue Code Section 1.1031 and states “no gain or loss shall be recognized on the exchange of property held for productive use in trade or business, or for investment, if such property is exchanged solely for property of like kind which is to be held for productive use in trade or business or for investment.”
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