Switzerland Yields To US Tax Demands

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 21 hours ago | Friday, February 03, 2012

Following mounting pressure from the US attorney’s office, Switzerland has finally handed over to US investigators comprehensive, encrypted, banking data pertaining to eleven Swiss banks, alleged to have aided wealthy Americans to evade US taxes amounting to billions of euros. Read Full Story

US Congress Looks At Maritime Tax Issues

by Mike Godfrey, Tax-News.com, Washington

Last updated 21 hours ago | Friday, February 03, 2012

The United States House of Representatives Ways and Means Subcommittee on Oversight has held a hearing on harbour maintenance funding and maritime tax issues, with a focus on the Harbour Maintenance Trust Fund and Harbour Maintenance Tax, and the tax treatment of foreign shipping operations. Read Full Story

Singapore Tops 'Doing Business' Index

by Mary Swire, Tax-News.com, Hong Kong

Last updated 20 hours ago | Friday, February 03, 2012

The World Bank report, ‘Doing Business 2012’, the ninth in an annual series, ranks 183 economies on their ease of doing business, and reports a general improvement in the global business regulatory environment. Read Full Story

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