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...

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...

18/05/2012 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...

18/05/2012 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.