The Surprising Truth About Oil and Gas Tax Breaks

At Taxpayers for Common Sense, we recently analyzed the federal income taxes paid over the last five years by some of the largest U.S.-based oil and gas companies. What we found surprised us.

Australia Consults On 'Netflix Tax'

The Australian Treasury has launched a consultation on draft legislation that would ensure that consumers buying digital goods and services from overseas pay goods and services tax (GST) on their purchases.

Carbon Taxes 'Gaining Traction,' WB Says

The World Bank has said in a new report, Carbon Pricing Watch 2015, that carbon tax systems currently in place around the world are generating global revenues of around USD14bn.

Dubai World Trade Centre Converted Into Free Zone

Mohammed bin Rashid al Maktoum, the ruler of Dubai, has issued a new law establishing the Dubai World Trade Centre (DWTC) as a free zone.

Australia's central bank cuts rates to historic low

The Reserve Bank of Australia (RBA) has cut its key interest rate by 25 basis points to an all-time low of 2%.