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Mandelson Backpedals On Tax,
by Robert Lee, Tax-News.com, London
Last updated 12 hours ago | Friday, March 19, 2010
UK Business Secretary Peter Mandelson has attempted to distance himself from comments he made in a debate with his opposite number in the Conservative Party that a re-elected Labour government would have to re-examine its loose pledge not to raise any more taxes. [ FULL STORY ]
Portugal To Hike Top Tax Rate,
by Ulrika Lomas, Tax-News.com, Brussels
Last updated 9 hours ago | Friday, March 19, 2010
Portuguese Prime Minister, Jose Socrates has released a crowd-pleasing package of austerity measures with assurances that the tax burden would not be increased until 2013, except for an imminent hike for the country’s highest taxpayers. [ FULL STORY ]
Tremonti Rules Out Additional Capital Taxes,
by Ulrika Lomas, Tax-News.com, Brussels
Last updated 9 hours ago | Friday, March 19, 2010
Taking advantage of a recent parliamentary debate on the economic crisis, Italy’s Minister of the Economy, Giulio Tremonti, gave an assurance that the country’s impending tax reforms would not include property taxes, nor would they affect people’s savings or their homes. [ FULL STORY ]
UK Investors Fear CGT Increase,
Last updated 8 hours ago | Friday, March 19, 2010
Many investors have taken action to sell their assets amid fears that the Chancellor will raise capital gains tax rates in next week’s Budget. The rumours have prompted investors to sell shares and property in anticipation that the current CGT rate of 18% will be increased by Alistair Darling. [ FULL STORY ]
Amazon Protests More Sales Tax Laws,
by Leroy Baker, Tax-News.com, New York
Last updated 10 hours ago | Friday, March 19, 2010
Paul Misener, Amazon's vice president for global public policy, has submitted testimony to the Connecticut Legislature's Finance, Revenue and Bonding Committee in which he argued that its 'nexus' tax proposal would be fruitless. [ FULL STORY ]
ATO Loses BHP Tax Case,
by Mary Swire, Tax-News.com, Hong Kong
Last updated 10 hours ago | Friday, March 19, 2010
The Australian Taxation Office has lost its appeal in the Federal Court, in which it had been claimed that more than AUD2.1bn of bad debts write-offs arising from two loans made to related companies by BHP Billiton Finance, the BHP group’s finance company, could not be claimed as deductions against corporate income tax. [ FULL STORY ]
South Africa And Ireland Update DTA,
by Lorys Charalambous, Tax-News.com, Cyprus
Last updated 9 hours ago | Friday, March 19, 2010
In Cape Town, Ireland’s Minister of State for Overseas Development, Peter Power, and South Africa’s Minister of Finance, Pravin Gordhan, have signed a protocol updating the existing double taxation agreement between the two countries. [ FULL STORY ]
Switzerland, Uruguay Initial Revised DTA,
by Ulrika Lomas, Tax-News.com, Brussels
Last updated 9 hours ago | Friday, March 19, 2010
Switzerland and Uruguay on March 18 initialled a new double tax agreement that contains provisions for the exchange of tax information in accordance with the Organization for Economic Cooperation and Development standard. [ FULL STORY ]
Fall In Polish 'Tax Wedge' Welcomed,
by Ulrika Lomas, Tax-News.com, Brussels
Last updated 10 hours ago | Friday, March 19, 2010
The International Monetary Fund has welcomed measures taken by the Polish government to mitigate the country's "exceptionally low labor participation," although the Fund warns that Poland's high 'tax wedge' could continue to act as a drag on future economic growth. [ FULL STORY ]
Canada Warns Illegal Tax Professionals,
by Mike Godfrey, Tax-News.com, Washington
Last updated 11 hours ago | Friday, March 19, 2010
With 'Fraud Prevention Month' well underway in Canada, Keith Ashfield, Minister of National Revenue sent out a warning to illegal tax preparers and promoters who try to make money at the expense of Canadian taxpayers. [ FULL STORY ]
IMF Welcomes Mexican Fiscal Policy,
by Leroy Baker, Tax-News.com, New York
Last updated 10 hours ago | Friday, March 19, 2010
While the Mexican government’s fiscal position has been affected by the global financial crisis, with the deficit projected to widen slightly to 1.5% of gross domestic product in 2010, strong growth this year and steps taken in the 2010 budget will allow the Mexican authorities to begin reestablishing fiscal space lost to the crisis, according to the International Monetary Fund. [ FULL STORY ]
Nigerian Bond Tax Waivers Extended,
by Lorys Charalambous, Tax-News.com, Cyprus
Last updated 10 hours ago | Friday, March 19, 2010
In order to assist the efforts being made by the Central Bank of Nigeria and Nigeria’s Securities and Exchange Commission to develop a securities market with a broader range of issuers, the federal government has extended the existing tax exemptions for bonds issued on the Nigerian market. [ FULL STORY ]
Senate Approves HIRE Act,
by Mike Godfrey, Tax-News.com, Washington
Last updated 19 hours ago | Friday, March 19, 2010
The United States Senate has approved legislation providing new incentives for companies to hire unemployed workers and extending a measure allowing taxpayers to write off up to USD250,000 in certain capital expenditures. [ FULL STORY ]
Canada Rejects Bank Tax,
by Mike Godfrey, Tax-News.com, Washington
Last updated 19 hours ago | Friday, March 19, 2010
In interviews this week, Canadian Finance Minister, Jim Flaherty has reiterated his government’s opposition to introducing a financial services levy in Canada, saying that it would be a tax on investment, and would work against efforts to bring about economic recovery. [ FULL STORY ]
Liechtenstein Disclosure Facility Failing,
by Ulrika Lomas, Tax-News.com, Brussels
Last updated 19 hours ago | Friday, March 19, 2010
Six months since its launch, the UK's Liechtenstein Disclosure Facility can only have had limited success, as findings from international audit, accounting and business services firm BDO show limited participation. [ FULL STORY ]
UK’s Competitiveness Under Threat,
by Robert Lee, Tax-News.com, London
Last updated 34 hours ago | Thursday, March 18, 2010
With the UK budget announcement now less than a week away, a major City of London law firm has warned the government that tax should neither hinder commercial decision-making, nor be used 'as a political football'. [ FULL STORY ]
Hong Kong And Malaysia To Sign DTA,
by Mary Swire, Tax-News.com
Last updated 19 hours ago | Friday, March 19, 2010
In Kuala Lumpur, at the start of a Southeast Asian tour, Hong Kong’s Financial Secretary, John Tsang, met the Malaysian Prime Minister, Najib Razak, and both sides agreed to negotiate a double taxation agreement between Hong Kong and Malaysia. [ FULL STORY ]
Taiwan-China ECFA On Course,
by Mary Swire, Tax-News.com, Hong Kong
Last updated 36 hours ago | Thursday, March 18, 2010
The Taiwanese government hopes to sign the proposed economic cooperation framework agreement with China in June this year, following the exchange of ‘early harvest’ lists of products eligible for lower tariffs. [ FULL STORY ]
Increased Certainty In Australian Tax System,
by Mary Swire, Tax-News.com, Hong Kong
Last updated 33 hours ago | Thursday, March 18, 2010
The Australian government has moved to boost taxpayer certainty through the repeal of over 100 provisions in the income tax laws that provide the Australian Taxation Office with an unlimited period to make an amendment to a taxpayer's assessment. [ FULL STORY ]
Belarus Announces Tax Holiday,
by Ulrika Lomas, Tax-News.com, Brussels
Last updated 33 hours ago | Thursday, March 18, 2010
President Alexander Lukashenko of Belarus has issued Decree No 143 'On Certain Issues of Taxation', which introduces a number of new tax measures including the introduction of a five-year tax holiday for individuals who are newly tax resident in Belarus. [ FULL STORY ]
Anguilla's Deficit Is 'Unsustainable',
by Phillip Morton, Investors Offshore.com
Last updated 19 hours ago | Friday, March 19, 2010
The Anguilla government has admitted 'serious measures' will need to be urgently introduced in a budget next month to prevent the country's fiscal position from deteriorating further. [ FULL STORY ]
Australian Action Against 'Phoenix' Activity ,
by Mary Swire, Tax-News.com, Hong Kong
Last updated 33 hours ago | Thursday, March 18, 2010
The Australian government has announced immediate action to assist in a crackdown on ‘phoenix’ activity by expanding and reforming the use of security deposits by the Australian Taxation Office, and, at the same time, significantly increasing the penalties for failing to comply with the requirement to provide such a deposit. [ FULL STORY ]
IASB Chairman Updates EU,
by Robin Pilgrim, LawAndTax-News.com, London
Last updated 33 hours ago | Thursday, March 18, 2010
Sir David Tweedie, Chairman of the International Accounting Standards Board, has addressed a meeting of the Council of the European Union (Economic and Financial Affairs) on convergence and the classification and measurement of financial instruments. [ FULL STORY ]
Kazakhstan Transfer Pricing Law Passed,
by Tatiana Smolenskaya, Tax-News.com, Moscow
Last updated 33 hours ago | Thursday, March 18, 2010
The Kazakhstan parliament has passed in its second reading a bill on amendments and additions to the Law on Transfer Pricing. [ FULL STORY ]
Ecofin Adopts Mutual Assistance Law,
by Ulrika Lomas, Tax-News.com, Brussels
Last updated 44 hours ago | Thursday, March 18, 2010
The European Council of Finance Ministers has adopted a Directive aimed at better clamping down on tax evasion by strengthening mutual assistance between member states in the recovery of taxes. [ FULL STORY ]
Panama Cuts Corporate Tax,
by Ulrika Lomas, Tax-News.com, Brussels
Last updated 44 hours ago | Thursday, March 18, 2010
Panama’s President, Ricardo Martinelli signed on March 15 a bill to reform Panama's Tax Code, adopting several tax measures to lower the company tax burden, ensure fiscal sustainability, and simplify the tax system. [ FULL STORY ]
Caymans Welcome Miller Recommendations,
by Phillip Morton, Investors Offshore.com
Last updated 44 hours ago | Thursday, March 18, 2010
The Cayman Islands government has welcomed the general thrust of the conclusions of the Miller Report, particularly its main recommendation that the introduction of direct taxation in the jurisdiction should be avoided. [ FULL STORY ]
Ireland 'Safe' From US Tax Plans,
by Jason Gorringe, Tax-News.com, London
Last updated 44 hours ago | Thursday, March 18, 2010
Irish Prime Minister, Brian Cowen has said that companies based in Ireland can expect to face no sanctions from the United States, despite the Obama administration's plans to tighten the tax treatment of multinationals with operations in lower tax jurisdictions such as Ireland. [ FULL STORY ]
Liechtenstein And HK Initial DTA,
by Ulrika Lomas, Tax-News.com, Brussels
Last updated 44 hours ago | Thursday, March 18, 2010
The Liechtenstein government has announced that negotiations for a convention for the avoidance of double taxation and fiscal evasion with Hong Kong have been concluded, and a text initialled. [ FULL STORY ]
Bermuda Prepares For Legalized Gambling,
by Phillip Morton, Investors Offshore.com
Wednesday, March 17, 2010
The Bermuda government has released a report assessing the prospect of introducing small scale taxed gambling in Bermuda to generate additional revenues and boost tourism inflows. [ FULL STORY ]

 

New On The Lowtax Network Today

This feed is published daily with selected new or updated content from across the Lowtax Network. For a list of Lowtax Network sites, many of which feature daily news, see below.

 
TODAY 19/03: Lowtax Austria, major content expansion
18/03 New Lowtax Editor Column, by Kitty Miv
17/03 IO Focus: Hong Kong, Investors Offshore special feature
17/03 New PBTG Editor Column, Caroline, PBTG editor
16/03 Hungary Summary PBTG Guide, added to Personal Business Tax Guide
15/03 Lowtax South Africa, major content expansion
12/03 Lowtax Costa Rica, annual update
11/03 Estonia Summary PBTG Guide, added to Personal Business Tax Guide
10/03 Lowtax Labuan, annual update
05/03 Belgium Summary PBTG Guide, added to Personal Business Tax Guide
03/03 Personal Business Tax Guide, PBTG, has launched!
Providing essential tax news and information for globally mobile artists, contractors, entrepreneurs, professionals, small businesses, sportspersons and entertainers.
02/03 Personal Equity Investment In 2010: Not Just For Expats…, Investors Offshore special feature
24/02 Lowtax Cyprus, annual update
22/02 Lowtax Brunei, annual update
15/02 Lowtax Australia, major content expansion
 

 
Lowtax Network Sites
Lowtax 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.
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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