A topical guide to offshore e-commerce focused on tax
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Daily news and background data on tax and legal developments
for international business
LABUAN
NEWS: BUSINESS, TAXATION AND OFFSHORE
LOFSA Releases Labuan IBFC Annual Report,
by Mary Swire, Tax-News.com, Hong Kong14/05/2009
In 2008, Labuan IBFC maintained positive growth across all key business sectors, despite the more challenging global environment, and new measures were recorded to improve the flexibility and business friendliness of its tax and legal framework, becoming effective in 2009 and beyond.
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Malaysia Committed To Global Tax Standards,
by Mary Swire, Tax-News.com, Hong Kong
08/04/2009
Malaysia is committed to internationally-agreed tax
standards and should not be categorized with jurisdictions that have not, Prime Minister Datuk Seri Najib Tun Razak announced on April 2.
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OECD Delivers On G20 Tax Blacklist Pledge,
by Jason Gorringe, Tax-News.com, London06/04/2009
The Organisation of Economic Cooperation and Development has published a list of jurisdictions it believes have not implemented internationally agreed standards of tax cooperation, following through on the G-20 nations' pledge to take action against 'non cooperative' territories in the interests of maintaining stability in the global financial system.
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