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POLITICAL AND ECONOMIC NEWS: BUSINESS, TAXATION AND OFFSHORE

France's Lagarde Rules Out Abolition Of Tax Shield, by Ulrika Lomas, Tax-News.com, Brussels 03/07/2009
French Minister for the Economy Christine Lagarde has firmly ruled out a proposal to abolish France’s highly controversial tax shield or “bouclier fiscal” in order to reduce public debt. [ FULL STORY ]

Italian Economics Minister Explains The Latest Tax Incentives, by Ulrika Lomas, Tax-News.com, Brussels 03/07/2009
The government’s latest anti-crisis package, announced last week, is part economic stimulus, part cost reductions and part increased collection from the underground economy, so explained Giulio Tremonti, Italy’s Minister of Economics and Finance, during the course of a press conference. [ FULL STORY ]

Liechtenstein Parliament Ratifies TIEA With US, by Ulrika Lomas, Tax-News.com, Brussels 03/07/2009
Approved unanimously by Liechtenstein’s Parliament, the country’s Tax Information Exchange Agreement with the US, signed in December 2008, is due to enter into force on January 1, 2010. [ FULL STORY ]

03/07/2009 Hungary Passes Last-Minute Tax Bill To Obtain IMF Loan
03/07/2009 Italian Revenue Agency Continues Campaign Against Underground Economy
02/07/2009 Germany's Merkel Reprimands Tax Rebels
02/07/2009 Austrian Finance Minister Rules Out New Taxes
02/07/2009 Italian Government Combines Tax Relief For Industry With Tax Collection Measures
01/07/2009 Germany's CDU Party Approves Election Programme
01/07/2009 Australia To Refine Tax Agent Services Law
01/07/2009 IMF Concludes Article IV Consultation With Ireland
01/07/2009 Grounds For Optimism Despite Jersey's Q1 Banking Deposits Stats
01/07/2009 India's Fiscal Deficit Widens Faster Than Budget
30/06/2009 NZ Unveils NZD100m Trade Credit Support For Exporters
30/06/2009 UK Welcomes Jersey's Progress On Tax Transparency
30/06/2009 Crean Unveils New Tax Information Protocol With Belgium
30/06/2009 ISME Publishes Irish SME Sentiment Survey
30/06/2009 Switzerland, EU To Apply Uniform Customs Regulations To Ease Trade
30/06/2009 Lithuania — IMF Issues 2009 Article IV Statement
29/06/2009 Merz Underlines Swiss Position On Tax Matters
29/06/2009 Poland — IMF Issues Concluding Statement of the 2009 Article IV Consultation
29/06/2009 Forum Concludes That Swiss Credit Is Relatively Abundant
26/06/2009 Swiss German Relations Resume
26/06/2009 French President Announces Strategy To Combat Crisis
26/06/2009 Micronesia Encourages Establishment Of Captive Insurance Companies
26/06/2009 Carbon Tax Was Pakistan's Choice, IMF Announces
26/06/2009 Swiss Economic Expectations Improve In June
25/06/2009 Switzerland And Germany Discuss DTA
25/06/2009 Switzerland Considers Abolition Of Property Tax

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