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Canada's International Tax Advisory Panel Issues Consultation Paper, by Mike Godfrey, Tax-News.com, Washington
Last updated 3 hours ago | Friday, May 09, 2008
The Advisory Panel on Canada’s System of International Taxation has issued a consultation paper, Enhancing Canada’s International Tax Advantage. [
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China May Use Mauritius As A Gateway To Africa, by Mary Swire, for LawAndTax-News.com
Last updated 3 hours ago | Friday, May 09, 2008
The People's Republic of China has this week expressed interest to invest in Mauritius and use the island as a gateway to Africa especially in the financial services sector.
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Jamaica Highlighted As Prime Film Location, by Amanda Banks, Tax-News.com, London
Last updated 5 hours ago | Friday, May 09, 2008
Jamaica's position as a prime location for films, and the benefits of the Co-Production Treaty with the United Kingdom (UK) were highlighted at a special information reception for UK film producers, hosted by Jamaica Trade and Invest (formerly JAMPRO), at the Jamaican High Commission in London recently.
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Foreign Currency Reserve Assets Down USD900m In HK, by Mary Swire, for LawAndTax-News.com, Hong Kong
Last updated 5 hours ago | Friday, May 09, 2008
Hong Kong's foreign currency reserve assets stood at USD159.9bn in April, down USD900mn on March, the Monetary Authority announced on Wednesday.
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SARS Commissioner Named New Chair Of OECD Tax Forum, by Ulrika Lomas, Tax-News.com, Brussels
Last updated 3 hours ago | Friday, May 09, 2008
The Organisation of Economic Cooperation And Development (OECD) has announced that Pravin Gordhan, Commissioner of the South African Revenue Service (SARS), assumed his new role as Chair of the OECD Forum on Tax Administration (FTA) on 1st May 2008.
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SEC Action Halts USD72m International Internet Fraud Scheme,
by Mike Godfrey, for LawAndTax-News.com, Washington
Last updated 3 hours ago | Friday, May 09, 2008
The Securities and Exchange Commission (SEC) announced late last week that it has obtained an emergency court order freezing the assets of the alleged perpetrator of an Internet fraud scheme that reaped approximately USD72m from more than 3,000 investors in all 50 states and at least 30 foreign countries.
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New Policy Council Elected In Guernsey,
by Carla Johnson, Investors Offshore.com, London
Last updated 81 minutes ago | Friday, May 09, 2008
It was announced on Thursday that Guernsey's new Policy Council has been elected by the States.
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IMF MD Calls For Policies To Sustain Latin America's Achievements,
by Mary Swire, for LawAndTax-News.com
Last updated 76 minutes ago | Friday, May 09, 2008
Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), has spoken out to welcome the impressive economic achievements of the last decade in Latin America, but also called for action both from the region and the international community to sustain the region's gains from globalization.
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Bermuda And BVI Cooperate In Mutual Fund Fraud,
by Amanda Banks, for LawAndTax-News.com, London
Last updated 73 minutes ago | Friday, May 09, 2008
A British Virgin Islands court has confiscated more than USD45.5mn from a mutual fund based in Bermuda after it was found guilty of fraud - thought to be the largest court order of its kind in the Commonwealth.
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Switzerland Reports Jump In EU Withholding Tax Revenues,
by Ulrika Lomas, Tax-News.com, Brussels
Last updated 10 hours ago | Friday, May 09, 2008
The Swiss government announced on Thursday that gross revenues collected from interest payments under the European Savings Tax Directive increased substantially between 2006 and 2007.
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Cowen Takes The Reins Of Power In Ireland,
by Jason Gorringe, Tax-News.com, London
Last updated 10 hours ago | Friday, May 09, 2008
Brian Cowen officially took over from Bertie Ahern as Ireland's Prime Minister on Wednesday and promised to make Ireland's place in the European Union a top priority, starting with the next month's referendum on the Lisbon Treaty.
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TNK BP Wins Russian Tax Rebate,
by Tatiana Smolenskaya, Tax-News.com, Moscow
Last updated 10 hours ago | Friday, May 09, 2008
TNK-BP, the joint Russo-British oil exploration firm, gained a welcome court victory against the tax authorities this week when it won the right to a tax refund worth RUB9.7bn (USD406mn).
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Supplementary Budget Voted In Cayman Islands,
by Mary Swire, for LawAndTax-News.com
Last updated 24 hours ago | Thursday, May 08, 2008
The Cayman government announced on Monday that the House had approved USD5.5mn in additional spending for the current 2007-2008 budget.
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New Public Audit Office Act Announced For Cook Islands,
by Carla Johnson, Investors Offshore.com, London
Last updated 30 hours ago | Thursday, May 08, 2008
The Cook Islands is set to have a new Public Audit Office Act by the end of the year which will extend the powers of the Audit Office, the government has announced.
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ATO Welcomes Results Of Information Security Review,
by Mary Swire, Tax-News.com, Hong Kong
Last updated 25 hours ago | Thursday, May 08, 2008
The Australian Taxation Office (ATO) on Thursday released the review into its information security practices conducted by PricewaterhouseCoopers (PwC).
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Top UBS Private Banker Held In US Tax Probe,
by Leroy Baker, Tax-News.com, New York
Last updated 30 hours ago | Thursday, May 08, 2008
A senior banker employed by Swiss bank UBS has reportedly been detained by the authorities in the United States in connection with an investigation into whether the bank helped its clients evade tax there.
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Luxembourg Stock Exchange Welcomes Business Angels Network,
by Carla Johnson, Investors Offshore.com
Last updated 24 hours ago | Thursday, May 08, 2008
The Luxembourg Business Angels Network (LBAN) has held its eighth Investment Forum at the Luxembourg Stock Exchange.
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Korea And Vietnam To Boost Customs Cooperation,
by Mary Swire, for LawAndTax-News.com, Hong Kong
Last updated 25 hours ago | Thursday, May 08, 2008
Vietnam and Korea have pledged to increase cooperation between the two countries, in order to boost bilateral trade and reduce disputes in this area.
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Corporate Tax Harmonization Set To Save Ontario Businesses Money,
by Mike Godfrey, for LawAndTax-News.com, Washington
Last updated 25 hours ago | Thursday, May 08, 2008
Gordon O'Connor, Minister of National Revenue, and Monique Smith, Ontario's Minister of Revenue recently outlined the significant progress that has been made to harmonize the corporate tax system for Ontario businesses.
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HK's Chief Secretary Calls For Closer Ties Between Hong Kong And European Union ,
by Mary Swire, for LawAndTax-News.com
Last updated 24 hours ago | Thursday, May 08, 2008
Hong Kong's Chief Secretary for Administration, Mr Henry Tang (pictured), has announced this week that he would like to see Hong Kong establishing closer ties with the European Union.
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New Cypriot Deputy Attorney General Sworn In,
by Lorys Charalambous, for LawAndTax-News.com
Last updated 25 hours ago | Thursday, May 08, 2008
The new Deputy Attorney General of Cyprus, Akis Papasavvas, announced on Tuesday that he would perform his duties with impartiality and efficiency, during his swearing in ceremony at the Presidential Palace, before the President of the Republic.
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Horwath MAK Opens Office In DIFC,
by Philip Morton, Investors Offshore.com
Last updated 24 hours ago | Thursday, May 08, 2008
Horwath MAK, an internationally recognized leader in accounting, auditing and consulting services, on Wednesday announced the opening of an office in the Dubai International Financial Centre (DIFC).
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EU And Liechtenstein Make Progress On Anti-Fraud Agreement,
by Ulrika Lomas, for LawAndTax-News.com, Brussels
Last updated 35 hours ago | Thursday, May 08, 2008
Delegations from the European Commission and Liechtenstein have conducted a further round of negotiations on the envisaged Anti-Fraud Agreement, which sets out a framework for cooperation in the area of tax.
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Hong Kong Seeks Views On New Competition Law,
by Mary Swire, for LawAndTax-News.com, Hong Kong
Last updated 35 hours ago | Thursday, May 08, 2008
A three-month consultation on a proposed new competition law for Hong Kong has been launched.
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Japan Mulling 'iPod' Tax,
by Mary Swire, Tax-News.com, Hong Kong
Last updated 35 hours ago | Thursday, May 08, 2008
Japan's Agency of Cultural Affairs is expected on Thursday to unveil proposals for what is being dubbed an 'iPod' tax, in order to further compensate recording artists and record companies for home duplication of their products.
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Korea Sees Trade Increase With FTA Countries,
by Mary Swire, for LawAndTax-News.com, Hong Kong
Wednesday, May 07, 2008
Figures unveiled at the weekend by the Korea Customs Service have revealed that trade volumes between Korea and countries with which it has reached Free Trade Agreements (FTAs) have increased significantly over recent years.
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ATO Commissioner Warns Against Using Tax Evasion Arrangements In Vanuatu,
by Mary Swire, for LawAndTax-News.com
Wednesday, May 07, 2008
Australian Tax Commissioner Michael D’Ascenzo issued a taxpayer alert on Wednesday warning people against using arrangements in Vanuatu or any other jurisdiction to claim false deductions or hide income offshore.
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IATA Calls On UK Government To Abandon Aviation Duty,
Robert Lee, Tax-News.com, London
Wednesday, May 07, 2008
The International Air Transport Association (IATA) recently called on the UK government to abandon its proposed Aviation Duty. The call came in the Association’s response to the UK government’s request for consultation.
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UBS Reports CHF11.5bn First Quarter Loss,
by Carla Johnson, Investors Offshore.com
Wednesday, May 07, 2008
Swiss bank UBS has announced an eye-watering first quarter loss attributable to shareholders of CHF11.5bn (USD10.9bn), as the fall-out from last year's US sub-prime mortgage meltdown continues to reverberate through the global banking industry.
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Pfizer Announces Another Major Investment In Ireland,
by Jason Gorringe, Tax-News.com, London
Wednesday, May 07, 2008
Ireland's Minister for Enterprise, Trade and Employment Micheál Martin, has announced that Pfizer Inc., the world’s largest pharmaceutical company, is to invest EUR190mn, with the support of IDA Ireland, in the establishment of a biologics facility at Shanbally, County Cork.
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