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New On The Network Today
This feed is published daily with selected new or updated
content from across our network. For a list of network sites, many of
which feature daily news, see below. |
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| 08/09 New
PBTG Editor Column, Caroline, PBTG editor |
| 07/09
Flaws Uncovered In UK PAYE Tax System, Tax-News.com |
| 06/09
German Cabinet Agrees 'Future Package', Tax-News.com |
| 03/09
South Africa Rejects Mining Tax, Tax-News.com |
| 02/09 New
Lowtax Editor Column, by Kitty Miv |
| 01/09 New
PBTG Editor Column, Caroline, PBTG editor |
| 01/09 International
Privacy and Security, Investors Offshore special feature |
| 31/08
Lowtax Belize, annual update |
| 27/08
IRS To Drop UBS Lawsuit, Tax-News.com |
| 26/08 New
Lowtax Editor Column, by Kitty Miv |
| 25/08 New
PBTG Editor Column, Caroline, PBTG editor |
| 24/08
Uruguay Stays On OECD Grey List, Tax-News.com |
| 23/08 Don't
Forget Doha, And I Don't Mean The Tennis, Jeremy Hetherington-Gore
blog entry |
| 20/08
Ireland Plans Social Security Overhaul, Tax-News.com |
| 19/08 New
Lowtax Editor Column, by Kitty Miv |
| 18/08 New
PBTG Editor Column, Caroline, PBTG editor |
| 17/06
Lowtax Cayman Islands, annual update |
| 16/08
Germany's Fiscal Court Seeks Property Tax Reform, Tax-News.com |
| 13/08 Jurisdiction
Special Focus: Antigua and Barbuda, Investors Offshore special feature |
| 12/08 New
Lowtax Editor Column, by Kitty Miv |
| 11/08 New
PBTG Editor Column, Caroline, PBTG editor |
| 10/08 Brazil
Cuts Import Tariffs, Tax-News.com |
| 09/08 Ukraine
Tax Code Published, Tax-News.com |
| 06/08
France Plans Reform Of Property Tax Credit, Tax-News.com |
| 04/08 New
PBTG Editor Column, Caroline, PBTG editor |
| 02/08 Islamic
Finance - The New Mainstream Alternative, Investors Offshore special
feature |
| 28/07 New
PBTG Editor Column, Caroline, PBTG editor |
| 27/07 UK
Launches Raft Of Tax Consultations, Tax-News.com |
| 26/07 Fat
Tax On The Menu , Jeremy Hetherington-Gore blog entry |
| 23/07 Sarkozy
Seeks 'Fiscal Convergence' With Germany, Tax-News.com |
| 20/07 Singapore
Base For Tuvalu OIFC, Tax-News.com |
| 15/07 St
Vincent & The Grenadines, Investors Offshore special feature |
13/07 Tax-
News.com Jersey Review 2010-2011 |
| 12/07 Goodbye
To All That, Jeremy Hetherington-Gore blog entry |
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06/07 Hong
Kong Full PBTG Guide, added to Personal Business Tax Guide |
| 28/06
Lowtax Dubai, annual update |
| 18/06 Singapore
- Another Hong Kong?, Investors Offshore special feature |
| 15/06 Swiss
Parliament Approves UBS Agreement, Tax-News.com |
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08/06 Dubai
Full PBTG Guide, added to Personal Business Tax Guide |
| 04/06
Lowtax Panama, annual update |
| 01/06
Lowtax Luxembourg, annual update |
| 03/03
Personal Business
Tax Guide, PBTG, has launched! |
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| Providing essential tax news and information for globally
mobile artists, contractors, entrepreneurs, professionals, small businesses,
sportspersons and entertainers. |
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| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
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|
EU To Delay Common Corporate Tax Base Proposals,
by Ulrika Lomas, Tax-News.com, Brussels 12 September 2008
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Proposals for a common method of calculating corporate taxes across the European Union have been put on hold while the European Commission continues to iron out the plan's finer details, Tax Commissioner Laszlo Kovacs has revealed.
In a recent speech delivered at the Congress of the International Fiscal Association,
Kovacs disclosed that certain "detailed technical areas" still need
further work, in particular those related to the financial sector.
Despite opposition from several member states to the idea, the Commission
has forged ahead with its work on the common consolidated corporate tax
base (CCCTB) and had been due to present its highly-anticipated plan this
Autumn. However Kovacs told the delegates that it was more important to present
"a perfectly elaborated and well justified product," than present an incomplete one "just to meet an artificial deadline."
"I remain fully committed to this project, and when the impact assessment
and the proposal are properly ready I will present these to the College,"
he added.
The CCCTB would enable companies to follow the same rules for calculating the
tax base for all their EU-wide activities rather than in accordance with the
existing 27 systems, thereby, it is argued, simplifying procedures, improving
efficiency and reducing compliance costs.
According to Kovacs, companies would benefit substantially from the CCCTB because
it would do away with the need to determine arms length transfer prices for
intra group transactions and provide a consolidation mechanism to offset profits
and losses of the same company in different member states.
However, several EU countries, most notably those with the lowest rates of
corporate tax in the EU, such as Ireland, Estonia and Slovakia, are strongly
opposed to the idea of any kind of harmonization of EU member state tax regimes,
despite assurances that no plans are in the pipeline for harmonizing tax rates,
which is what these countries ultimately fear.
The result of the Irish referendum earlier in the summer, which rejected the
new EU constitution, largely on fears that it would erode tax sovereignty, also
dealt a blow to the Commission's plan to present its proposals this year, and it
is now probable that the proposals will not see the light of day until some
time in 2009.
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| THE LOWTAX LIBRARY
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