Jersey Riding Out Onshore Storm, by Amanda Banks, Tax-News.com, London
Last updated 15 hours ago | Sunday, March 14, 2010
Jersey will overcome the evolving challenges being faced by offshore international
financial centres, Geoff Cook, Chief Executive of Jersey Finance, told participants
at a Breakfast Briefing in London.
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BVI To Review Taxes And Fees, by Phillip Morton, Investors Offshore.com
Last updated 15 hours ago | Sunday, March 14, 2010
British Virgin Islands Prime Minister, Ralph O’Neal has said that the territory
will run a budget surplus during 2010, although the government still intends to review indirect taxes and fees on financial services.
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Germany Approves Liechtenstein TIEA, by Ulrika Lomas, Tax-News.com, Brussels
Last updated 15 hours ago | Sunday, March 14, 2010
Germany’s Cabinet has recently approved a bill pertaining to the bilateral
tax information exchange agreement with Liechtenstein.
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FULL
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Malaysia Not Cancelling GST, by Mary Swire, Tax-News.com, Hong Kong
Friday, March 12, 2010
After a government meeting, Malaysia’s Second Finance Minister, Datuk Seri
Ahmad Husni Hanadzlah, has rejected any suggestion that the proposed introduction
of a goods and services tax has been cancelled.
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UAE Completes VAT Study,
by Lorys Charalambous, Tax-News.com, Cyprus
Friday, March 12, 2010
Authorities in the United Arab Emirates are inching closer to the introduction
of a value-added tax.
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Baucus Seeks Trade Preference Reform,
by Leroy Baker, Tax-News.com, New York
Last updated 15 hours ago | Sunday, March 14, 2010
Senate Finance Committee Chairman Max Baucus is leading
efforts for reform of US trade preference programs accorded to
developing countries.
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FULL
STORY ]
OECD Urges Fiscal Policy Shift,
by Ulrika Lomas, Tax-News.com, Brussels
Friday, March 12, 2010
Governments must now gear their economies towards jobs, international competitiveness
and increasing the tax-take, the Organization for Economic Cooperation and Development has said in its latest ‘Going for
Growth’ report, analyzing the next step for recovering economies.
[
FULL
STORY ]
IRS Offers Help To Struggling Taxpayers,
by Leroy Baker, Tax-News.com, New York
Last updated 15 hours ago | Sunday, March 14, 2010
The US Internal Revenue Service has announced several additional steps
it is taking this tax season to help people having difficulties meeting
their tax obligations because of unemployment or other financial
problems.
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STORY ]
Australia Promised Full Debate On Tax Review,
by Mary Swire, Tax-News.com, Hong Kong
Last updated 15 hours ago | Sunday, March 14, 2010
Following indications that the Australian government was thinking of a delay to
the release of the Henry tax review, the Treasurer, Wayne Swan, has now confirmed
that it will be issued in good time for a full debate on any proposed tax changes.
[
FULL
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UK Budget To Hit The Rich,
by Robert Lee, Tax-News.com, London
Friday, March 12, 2010
Wealthy individuals may have less than two weeks to put plans in
place to reduce the tax impact of the Chancellor’s pre-election Budget,
warns PKF Accountants and business advisers.
[
FULL
STORY ]
Switzerland, Slovakia Initial Revised DTA,
by Ulrika Lomas, Tax-News.com, Brussels
Friday, March 12, 2010
It has recently emerged that Switzerland and Slovakia have initialled a revised
bilateral double taxation agreement, containing the Organization for Economic
Cooperation and Development’s standard on tax information exchange.
[
FULL
STORY ]
Orascom Loses Algerian Tax Appeal,
by Lorys Charalambous, Tax-News.com, Cyprus
Friday, March 12, 2010
Egyptian telecom company, Orascom Telecom, has announced that its Algerian subsidiary,
Orascom Telecom Algérie, has received a rejection to its appeal,
made in December last year, against the notice for taxes and penalties it had
received from the Algerian tax authorities the month previously.
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STORY ]
Swiss-German Tax Talks Resume,
by Ulrika Lomas, Tax-News.com, Brussels
Friday, March 12, 2010
During a recent visit to Berlin, Switzerland’s State Secretary Michael
Ambühl, Head of the State Secretariat for International Financial Matters in the Federal Department of Finance, met with representatives of
Germany's Federal Ministry of Finance and Federal Chancellery to exchange ideas
on current financial and tax policy issues.
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FULL
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MEPs Push EU Tobin Tax,
by Ulrika Lomas, Tax-News.com, Brussels
Friday, March 12, 2010
In a recently adopted resolution, the European Parliament has emphasized the
need to develop plans for a global tax to discourage excessive risk-taking by
financial institutions and to ensure that the financial industry pays for damage
caused by the financial crisis.
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FULL
STORY ]
Bahamas Achieves White-Listing,
by Phillip Morton, Investors Offshore.com
Friday, March 12, 2010
The Bahamas has achieved a place on the Organization for Economic Cooperation and Development's ‘white list’ following
the signing of Tax Information Exchange Agreements with the seven Nordic economies of
Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden, on
March 10.
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US Senate Approves Tax Extenders Bill,
by Mike Godfrey, Tax-News.com, Washington
Friday, March 12, 2010
US Senate Finance Committee Chairman Max Baucus has applauded the Senate’s passage of legislation to extend tax cuts, unemployment insurance benefits and eligibility for unemployment benefits and health care for unemployed workers through the end of 2010.
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OECD Praises Portugal's Fiscal Plan,
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, March 11, 2010
The Organization for Economic Cooperation and Development has welcomed
Portugal’s fiscal consolidation plan, emphasizing that it will serve to
support growth.
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STORY ]
Amazon Retaliates Against Colorado,
by Mike Godfrey, Tax-News.com, Washington
Thursday, March 11, 2010
Amazon.com cut ties with its Colorado affiliate marketers on March 8 after
the US state forged ahead with its plan to introduce a mandatory Internet sales
tax on e-businesses with an annual turnover exceeding USD100,000.
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Bahrain And UK Sign DTA,
by Lorys Charalambous, Tax-News.com, Cyprus
Thursday, March 11, 2010
The Kingdom of Bahrain’s Minister of Finance, Shaikh Ahmed bin Mohammed
Al Khalifa, and UK ambassador, Jamie Bowden, signed
a comprehensive double taxation agreement between the two countries in Manama
on March 10.
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FULL
STORY ]
Norway Urged To Revise Fiscal Policy,
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, March 11, 2010
The Organization for Economic Cooperation and Development has called on Norwegian
authorities to revise fiscal policy in light of the nation’s recovering
economy.
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FULL
STORY ]
Australia And Chile Sign DTA,
by Mary Swire, Tax-News.com, Hong Kong
Thursday, March 11, 2010
Australia’s Assistant Treasurer, Nick Sherry, has announced that Australia
and Chile have signed a comprehensive bilateral double taxation agreement – the second such agreement between Australia and a South American country.
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Tax Relief For California Storm Victims,
by Mike Godfrey, Tax-News.com, Washington
Thursday, March 11, 2010
The State of California’s Franchise Tax Board on March 9 announced
special tax relief for California taxpayers affected by the recent severe winter
storms that started in January.
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FULL
STORY ]
Belgium's Kilometer Tax Opposed,
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, March 11, 2010
The Humanist group cdH of the Walloon parliament in Belgium has rejected the
idea of a road tax levied per kilometre travelled, advocating instead the introduction
of an inclusive road tax disc, which could then be modified to take certain environmental
criteria into account.
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FULL
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Swiss Financial Centre Plan Unveiled,
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, March 11, 2010
Switzerland’s ruling Liberal party, the FDP, has announced its intention to adopt
a more developed and concrete strategy for the Swiss financial centre, in order
to address the challenges it faces and to proactively strengthen its
position.
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FULL
STORY ]
Germany's CDU Favours Bank Tax,
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, March 11, 2010
Germany’s Christian Democratic Union party are eager to levy a special
tax on banks as a contribution to the cost of rescuing the financial sector.
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FULL
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UK Budget Date Announced,
by Robert Lee, Tax-News.com, London
Thursday, March 11, 2010
Chancellor of the Exchequer Alistair Darling confirmed in a Written
Ministerial Statement on March 10 that the 2010 government budget will
take place on Wednesday March 24.
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STORY ]
Austria's U-Turn On Tax Hikes,
by Ulrika Lomas, Tax-News.com, Brussels
Wednesday, March 10, 2010
Marking a dramatic about-turn, and despite previous – and repeated –
assurances from Austria’s Chancellor and Finance Minister to the contrary,
the government has now finally confirmed that taxes will inevitably have to rise
in order to consolidate the country’s budget.
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FULL
STORY ]
Brazil Launches Sanctions Against US,
by Mike Godfrey, Tax-News.com, Washington
Thursday, March 11, 2010
The Brazilian government has announced that it will introduce retaliatory measures
in its dispute with the United States, following last year’s ruling by
the World Trade Organization that USD12bn in cotton subsidies, provided by the
US government between 1999 and 2002, were illegal.
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FULL
STORY ]
Lord Paul Relinquishes Non-Dom Status,
by Robert Lee, Tax-News.com, London
Thursday, March 11, 2010
Lord Paul, a Labour member of the House of Lords and a major
financial backer of the UK's governing party, has said that he intends
to relinquish his non-domiciled status for tax purposes and pay full UK
taxes on his income.
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FULL
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Dubai Woos North American Investors,
by Lorys Charalambous, Tax-News.com, Cyprus
Wednesday, March 10, 2010
The Dubai International Financial Centre on March 8 hosted a delegation
from the American Chamber of Commerce Executives, an association for
chamber of commerce professionals in the United States and Canada, aimed at
enhancing financial services synergies between the emirate and the two nations.
[
FULL
STORY ]
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