IRS Announces 2018 Tax Filing Season Opens with April 17 Deadline; 155 Million Tax Returns Projected, 70 Percent Expect Refunds
Marking the beginning of the nation’s tax season, the Internal Revenue Service said on Jan 29 that it successfully started accepting and processing 2017 federal individual income tax returns. More than 155 million returns are expected to be filed this...
Major step forward in international tax co-operation as additional countries sign landmark agreement to strengthen tax treaties
Ministers and high-level officials from Barbados, Côte d’Ivoire, Jamaica, Malaysia, Panama and Tunisia have signed the BEPS Multilateral Convention bringing the total number of signatories to 78, on January 24. This Convention updates the existing...
More growth and jobs: EU invests €873 million in clean energy infrastructure
On January 25, EU Member States agreed on the Commission's proposal to invest €873 million in key European energy infrastructure projects.
Supporting ageing workforce key to tackling future US economic challenges
Providing American seniors with better work incentives and opportunities will be crucial for the United States to meet the challenges of its rapidly ageing population. By 2028, more than one in five Americans will be aged 65 and over, up from fewer...
IMF Staff Conclude 2018 Discussions with the West African Economic and Monetary Union on Common Policies for Member Countries
A staff team from the International Monetary Fund (IMF), headed by Mr. Dhaneshwar Ghura visited Ouagadougou, Abidjan, Lomé, and Dakar from January 11 to 24, 2018 for discussions with the institutions of the West African Economic and Monetary Union (...
IMF Staff Conclude 2018 Discussions with the West African Economic and Monetary Union on Common Policies for Member Countries
A staff team from the International Monetary Fund (IMF), headed by Mr. Dhaneshwar Ghura visited Ouagadougou, Abidjan, Lomé, and Dakar from January 11 to 24, 2018 for discussions with the institutions of the West African Economic and Monetary Union (...
Broadband Cost Reduction Directive: Commission refers Bulgaria and the Netherlands to the Court and closes two cases
The European Commission decided to refer Bulgaria and the Netherlands to the Court of Justice of the EU for delay in transposing the Broadband Cost Reduction Directive, on January 25.
Taxpayers with a reasonable excuse for late filing urged to contest fines
The Low Incomes Tax Reform Group (LITRG) is strongly urging taxpayers who miss the Self Assessment filing deadline on Wednesday (31 January) but who have a reasonable excuse for the delay, to challenge their penalties for late filing without delay.
NTUF Releases New Study Analyzing the Post-Tax Reform Baseline
$353 billion: that’s the drop in revenue Congress can expect if it were to extend provisions otherwise scheduled to expire in the recently-passed Tax Cuts and Jobs Act (TCJA), according to a new analysis from the National Taxpayers Union Foundation (...
IRS Encourages Tribal Communities to Check Out Earned Income Tax Credit
The Internal Revenue Service urges Native American taxpayers to look into the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) to see if they qualify.
