EU Tax Burdens Stabilize

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, January 17, 2012

Following three years of decline, European Union nations' tax-to-GDP ratios remained broadly level in 2010, the latest year for which detailed tax revenue statistics are available for all member states, as governments begin to consolidate their fiscal positions. In the euro area the downward trend in tax revenues continued, but decelerated in 2010, with a slight drop to 40.2% of GDP. Read Full Story

Cypriot Banks Issue Tax Warning

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, November 28, 2011

Foreign banking institutions in Cyprus have warned that any increase in their tax bills may drive their business abroad as the government considers new revenue sources to cut the deficit and set up safeguards against banking sector collapse. Read Full Story

Healthspan To Challenge UK LVCR Decision

by Jason Gorringe, Tax-News.com, London

Tuesday, November 15, 2011

Healthspan, one of the largest product distribution companies in Guernsey, has announced that the company will launch a legal challenge to the UK government's decision to unilaterally remove the Channel Islands' eligibility for Low Value Consignment Relief. Read Full Story

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