Australia: Federal budget 2015-16: Quick guide – the big business measures

Last night, the Federal Treasurer, Joe Hockey MP, released the 2015-16 Federal Budget. After public self-evaluation of its last budget as over-reaching, the Government has gone back to basics whilst still focussing on repairing the budget deficit in the medium to long term.

The budget deficit is projected to be approximately $35 billion in 2015-16 (2.1% of GDP), reducing to approximately $7 billion by 2018-19 (0.4% of GDP). Many of the measures announced last night […]

By |May 15th, 2015|

Cyprus: IP Tax Regimes: A New Tomorrow

Major developments are currently in progress with regards to IP tax regimes as part of the Organisation’s for Economic Co-operation and Development (OECD) Action 5 of the Base Erosion and Profit Shifting (BEPS) Action Plan.

In September 2014, OECD published their progress report on “Countering Harmful Tax Practices More Efficiently, Taking into Account Transparency and Substance”, setting out the progress made under Action 5. A major part of Action 5 concerns the strengthening of the […]

By |May 15th, 2015|

Switzerland: Improvements To Expatriate Ordinance

On January 16 2015, the Federal Department of Finance (FDF) published the revised wording of the Expatriate Ordinance (ExpaV, SR 642.118.3) which will enter into force on January 1 2016. The new ExpaV confirms Switzerland as an attractive place for employees from abroad, due to the higher enforceability of the deductions provided for in the ExpaV. According to the revised ExpaV, the following amendments may be considered the main changes compared to the existing […]

By |May 15th, 2015|