ey-global-tax-policy-outlook-for-2015

More documents

Recommendations

Info

Thailand • Top marginal personal income tax (PIT) rate • PIT base Higher burden in 2015 2.3 Tax policy outlook for 2015 — summary Corporate income tax burden Personal income tax burden VAT/GST/sales tax burden X Lower No change Higher X Lower No change Higher X Lower No change Higher 180 | The outlook for global tax policy in 2015
Thailand 2.4 Tax policy outlook for 2015 — detail • Policymakers continue to view land and property taxes as a way to raise more income and, at the same time, help reduce income disparity. A draft land and buildings tax bill is expected to have been tabled for Cabinet approval by the end of 2014. • collection, with medium-to-large-sized taxpayers already being targeted more often than in the past, and transfer pricing regulatory changes are possible to likely to align Thailand’s transfer pricing with other ASEAN nations. • place as it hopes to promote the domestic economy, even though this rate is relatively low compared to other countries in the region. Moreover, any VAT rate increase will lead directly to an increased cost of living, which will seriously • The currently in-place reductions in CIT to 20% and top rate of PIT to 35% are temporary (for one more year), and so, in revert to the higher rates either temporarily or permanently. In current circumstances, this is not considered likely. 2.5 Fiscal stimulus in 2015 2.6 Political landscape • Thailand is currently stable. However, there is still a risk of political instability returning as the military leadership that took over administration of the country in May 2014 prepares a new constitution and seeks to organize elections that are targeted for late 2015, and which will be held under new rules. • The military leadership has assigned responsibility for political reform to a 250-seat National Reform Council (NRC), being written. • The reforms proposed by the NRC and the military are likely to include a focus on the issue of income disparity, and tax may be used as one of the tools to help achieve this. • The NRC is also likely looking at revisions of trade laws in a bid to decrease monopoly and create mechanisms that could increase farmers’ bargaining power. 2.7 Current tax policy and tax administration leaders Tax policy leaders • Sommai Pasi, Minister of Finance • Tax administration leaders • • Tax Administration • Investment • • The outlook for global tax policy in 2015 | 181
Page 1 and 2:
The outlook for global tax policy i
Page 3 and 4:
Tax twists and turns For more than
Page 5 and 6:
where cuts in VAT rates were initia
Page 7 and 8:
What were the highlights of 2014 fo
Page 9 and 10:
Forecast of tax policy trends for 2
Page 11 and 12:
The strong focus on the tax treatme
Page 13 and 14:
in the formation of tax policy in 2
Page 15 and 16:
Italy Japan 6/2 of the 29 countries
Page 17 and 18:
to understand; if governments are g
Page 19 and 20:
Messages for business We are now we
Page 21 and 22:
This is probably going to turn out
Page 23 and 24:
Actions for business to consider Ag
Page 25 and 26:
Connect with us The outlook for glo
Page 27 and 28:
Americas Tax policy Tax controversy
Page 29 and 30:
Tax policy Tax controversy New Zeal
Page 31 and 32:
EMEIA Tax policy Tax controversy Eu
Page 33 and 34:
EMEIA Tax policy Tax controversy Sl
Page 35 and 36:
Country outlooks The outlook for gl
Page 37 and 38:
The outlook for global tax policy i
Page 39 and 40:
Australia The following election go
Page 41 and 42:
Australia 2.3 Tax policy outlook fo
Page 43 and 44:
Australia 2.10 Pending tax proposal
Page 45 and 46:
Brazil 2.2 Fiscal consolidation vs.
Page 47 and 48:
Brazil 2.5 Fiscal stimulus in 2015
Page 49 and 50:
Canada 2 | 2015 tax policy outlook
Page 51 and 52:
Canada 2.3 Tax policy outlook for 2
Page 53 and 54:
Canada 2.9 Country position on OECD
Page 55 and 56:
Chile 2.2 Fiscal consolidation vs.
Page 57 and 58:
Chile Taxes on wages and employment
Page 59 and 60:
Chile 2.11 Consultations opened/clo
Page 61 and 62:
China 2 | 2015 tax policy outlook
Page 63 and 64:
China • • Top marginal persona
Page 65 and 66:
China 2.4 Tax policy outlook for 20
Page 67 and 68:
China 2.10 Pending tax proposals
Page 69 and 70:
Czech Republic 2 | 2015 tax policy
Page 71 and 72:
Czech Republic 2.5 Fiscal stimulus
Page 73 and 74:
Denmark 2.2 Fiscal consolidation vs
Page 75 and 76:
Denmark 2.7 Current tax policy and
Page 77 and 78:
Finland 2.2 Fiscal consolidation vs
Page 79 and 80:
Finland 2.8 Key tax policy changes
Page 81 and 82:
France 2.2 Fiscal consolidation vs.
Page 83 and 84:
France exceeds €1 million. Remune
Page 85 and 86:
Germany 2 | 2015 tax policy outlook
Page 87 and 88:
Germany 2.4 Tax policy outlook for
Page 89 and 90:
Germany 2.9 Country position on OEC
Page 91 and 92:
Greece 2.2 Fiscal consolidation vs.
Page 93 and 94:
Greece 2.7 Current tax policy and t
Page 95 and 96:
Hungary 2.2 Fiscal consolidation vs
Page 97 and 98:
Hungary 2.5 Fiscal stimulus in 2015
Page 99 and 100:
India 2 | 2015 tax policy outlook 2
Page 101 and 102:
India 2.4 Tax policy outlook for 20
Page 103 and 104:
India • Action 8 • The Indian t
Page 105 and 106:
Ireland 2.2 Fiscal consolidation vs
Page 107 and 108:
Ireland 2.8 Key tax policy changes
Page 109 and 110:
Ireland 2.11 Consultations opened/c
Page 111 and 112:
Italy 2 | 2014 tax policy outlook 2
Page 113 and 114:
Italy 2.7 Current tax policy and ta
Page 115 and 116:
Japan 2.2 Fiscal consolidation vs.
Page 117 and 118:
Japan • • for each stock owne
Page 119 and 120:
Japan 2.9 Country position on OECD
Page 121 and 122:
Luxembourg 2 | 2015 tax policy outl
Page 123 and 124:
Luxembourg 2.4 Tax policy outlook f
Page 125 and 126:
Luxembourg 2.10 Pending tax proposa
Page 127 and 128:
Malaysia 2 | 2015 tax policy outloo
Page 129 and 130:
Malaysia 2.3 Tax policy outlook for
Page 131 and 132: Malaysia 2.9 Country position on OE
Page 133 and 134: Mexico 2.2 Fiscal consolidation vs.
Page 135 and 136: Mexico 2.7 Current tax policy and t
Page 137 and 138: Netherlands • Additionally, the C
Page 139 and 140: Netherlands 2.4 Tax policy outlook
Page 141 and 142: Netherlands exemption, the tax tre
Page 143 and 144: New Zealand 2.2 Fiscal consolidatio
Page 145 and 146: New Zealand 2.6 Political landscape
Page 147 and 148: Poland 2.2 Fiscal consolidation vs.
Page 149 and 150: Poland 2.5 Fiscal stimulus in 2015
Page 151 and 152: Portugal 2 | 2015 tax policy outloo
Page 153 and 154: Portugal 2.4 Tax policy outlook for
Page 155 and 156: Russia 2 | 2015 tax policy outlook
Page 157 and 158: Russia 2.4 Tax policy outlook for 2
Page 159 and 160: Russia 2.9 Country position on OECD
Page 161 and 162: Slovak Republic 2.2 Fiscal consolid
Page 163 and 164: Slovak Republic VAT, GST and sales
Page 165 and 166: South Africa 2.2 Fiscal consolidati
Page 167 and 168: South Africa 2.8 Key tax policy cha
Page 169 and 170: South Korea 2.2 Fiscal consolidatio
Page 171 and 172: South Korea 2.6 Political landscape
Page 173 and 174: Spain 2.2 Fiscal consolidation vs.
Page 175 and 176: Spain 2.5 Fiscal stimulus in 2015
Page 177 and 178: Switzerland 2.2 Fiscal consolidatio
Page 179 and 180: Switzerland 2.5 Fiscal stimulus in
Page 181: Thailand • Continued sluggish eco
Page 185 and 186: Thailand 2.10 Pending tax proposals
Page 187 and 188: United Kingdom 2.2 Fiscal consolida
Page 189 and 190: United Kingdom 2.5 Fiscal stimulus
Page 191 and 192: United Kingdom 2.11 Consultations o
Page 193 and 194: United States • There is a desire
Page 195 and 196: United States 2.4 Tax policy outloo
Page 197: United States • Committee • C
Page 200: EY | Assurance | Tax | Transactions
show all

ey-global-tax-policy-outlook-for-2015

Create successful ePaper yourself

Delete template?

Save as template?