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    • Swiss to pass information on HSBC accounts to U.S. tax agency
      By John Miller ZURICH (Reuters) - Switzerland said it plans to give information to U.S. tax authorities about accounts at HSBC Holdings Plc's Swiss private bank, as part of a U.S. investigation into tax evasion. HSBC's Swiss unit has already paid tens of millions of dollars in fines after admitting substandard compliance on tax evasion and other is […]
    • British Columbia ends 2015-16 with larger-than-expected surplus
      By Julie Gordon VANCOUVER (Reuters) - British Columbia said on Thursday that it ended its 2015-2016 fiscal year with a larger-than-expected budget surplus, bolstered by higher tax revenues, including a 43.9 percent jump in its property transfer tax revenues. The western Canadian province ended the year with a surplus of C$730 million ($560 million), up from […]
    • Thai junta offers million baht raffle to bring tax returns online
      By Orathai Sriring and Pairat Temphairojana BANGKOK (Reuters) - "Want to win a million baht? Go for e-payment," says Thailand's junta, offering a lucky draw as an incentive to use a new online payment scheme for business, in an effort to bring some of the massive informal economy onto the books and boost tax revenues. As Southeast Asian econom […]
    • In turnaround, FHA will insure mortgages with PACE assessments
      (Reuters) - The Federal Housing Administration on Tuesday said it would approve mortgages on properties with energy-related home improvements financed through special tax assessments, marking a turnaround for the agency. Property Assessed Clean Energy (PACE) obligations allow homeowners to finance energy-efficient upgrades and renewable energy systems and re […]
    • Canada launches tax probe of property cheats in Vancouver
      Canada's tax authority is probing real estate deals in British Columbia for underpayment of taxes, amid a boom in sales, prices and property flipping, and said on Friday it is not specifically focusing on foreign investors. The Canada Revenue Agency said 50 income tax auditors and 20 auditors who specialize in the Goods and Services Tax are looking into […]