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IoM Contributes To UK Tax Transparency Program 5/1/2012 The Isle of Man government has recently participated in an initiative funded
by the UK's Foreign and Commonwealth Office to provide training to the British Overseas
Territories of Montserrat and Anguilla to help them meet their
international obligations on tax information exchange.
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France Publishes Revised 2012 'Black List' 4/26/2012 French Finance Minister François Baroin and Budget Minister Valérie
Pécresse have recently updated the country’s ‘black
list’ of countries deemed to be ‘uncooperative’ in tax matters.
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US Court Closes Employee Insurance Benefit Tax Scheme 3/12/2012 The United States Justice Department has announced that a federal court has permanently
barred the operation of an alleged scheme that helps high-income
individuals attempt to avoid income taxes by funnelling money through purported
"welfare benefit plans”.
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CARICOM Trade Bloc 'In Crisis' 3/1/2012 The Caribbean Community, an economic bloc among Caribbean territories, is at breaking point, according to a document circulated among its fifteen member states which urges rapid structural and operational reform.
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UK, Caribbean Talks Focus On APD 1/25/2012 Leaders from Caribbean nations and the United Kingdom agreed at the end of a two-day summit an action plan to establish 'a new and improved strategic partnership to promote prosperity'. Importantly, the UK government committed to reopen negotiations to mitigate the impact of the UK's air travel tax on Caribbean territories.
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Anguilla Faces Economic Challenges 12/19/2011 The International Monetary Fund has warned authorities in Anguilla that urgent action is needed to improve the health of the financial sector, to stabilize public finances, and to increase the potential for long-run economic growth.
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Anguilla Praised On Tax Transparency 10/24/2011 The efforts of Caribbean territory Anguilla over transparency
and tax information exchange were recognised in the positive peer review report from the Organization
for Economic and Cooperation Development now adopted by the Global Forum.
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Anguilla Resents Rising Tax Burden 10/11/2011 In meetings with the government, Anguilla's hospitality industry
has sucessfully won government support for abandoning a 10% tax on restaurant
bills and car rentals, previously agreed by Anguillan authorities and the UK government
as part of efforts to tackle the deficit.
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CARICOM Welcomes Progress Towards FTA With Canada 10/5/2011 Caribbean Community Secretary-General Irwin LaRocque has welcomed progress
towards the CARICOM-Canada Trade and Development Agreement, and praised Canada's
'keen and earnest approach'.
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Asia-Based Incorporation Specialist Expands Into Europe 9/8/2011 Offshore Incorporations Limited, a leading global company formation specialist based in Asia, has announced the opening of its first European office, in London, to support a growing number of Asia-based companies investing in Europe.
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Portugal Expands Tax Treaty Remit 6/24/2011 Portugal is to add to its collection of tax treaties still further, with the announcement that negotiations have been concluded with two key countries, and that a new tax information exchange agreement has been signed.
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OECS Working With WTO On Tariffs And Tax 5/16/2011 Following recent consultations in Dominica between the Organisation of Eastern Caribbean States's World Trade Organization members, the OECS has said that securing flexibility in negotiations on tariff liberalization will enable its governments to avoid cuts to border taxes.
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Free Movement Agreed For OECS Nationals 2/2/2011 Leaders of the Organization of Eastern Caribbean States concluded a two-day meeting
in Grenada with the signing of an agreement to facilitate
the free movement of nationals within the sub-region by August 1.
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Caribbean Sharpens Response To Financial Crime 1/19/2011 In an effort to sharpen the regional response to transnational organized crime,
the Caribbean Community Implementation Agency for Crime and Security and the Caribbean
Financial Action Task Force have signed an agreement, laying down a framework for combating
financial crimes including money laundering.
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Anguillan Budget Vetoed 1/10/2011 The UK Governor in Anguilla, Alistair Harrison, has announced that he will not
‘sign off [Anguilla’s] 2011 budget as it stands,’ and intends to seek and agreement that puts Anguilla’s public finances 'onto a more sustainable footing.'
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Anguilla Announces Tax Measures For 2011 12/31/2010 Announcing tax measures for the forthcoming year, Anguilla’s Chief Minister,
Hubert Hughes, in his third budget announcement in 2010, said that the government’s continued fiscal
consolidation efforts are going a long way to balancing the territory’s recurring budget
deficit.
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Canada Signs TIEAs 11/19/2010 The Canadian goverment has announced the signing of two tax information exchange
agreements, with San Marino and with Anguilla, bringing the total number
of such agreements signed by Canada to 11 over the last 14 months.
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IMF Formulating Fiscal Plan For Indebted Caribbean 11/19/2010 The International Monetary Fund has announced the launch of a forum aimed at
drafting fiscal solutions for Caribbean territories, many of whom, due to the
financial crisis, have experienced significant expansion in their already
unsustainable deficits.
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Caribbean Urges Change To UK Flight Tax 11/17/2010 The Caribbean Tourism Organization has noted the publication of a report that comprehensively
analyzes the impact of the UK's aviation tax, the Air Passenger Duty, on the tourism
industries of Caribbean territories.
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Caribbean Intensifies Lobbying Against UK Air Tax 9/8/2010 The Caribbean is to intensify efforts to establish a 'fairer passenger tax system' in
the UK during an official visit to the city of London, which will include a
series of meetings between high-level officials and parliamentary
bodies, the Caribbean Tourism Organization said.
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Anguilla's Airport Tagged International 8/23/2010 The Caribbean territory of Anguilla has announced that it has renamed its airport, Wallblake
Airport, to Clayton J. Lloyd International Aiport, having met the requirements
of the International Civil Aviation Organization to be designated as an international
airport. The name was officially changed to honour Anguilla’s foremost aviation
pioneer.
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Six OECS Member States Adopt Economic Union 6/21/2010 The Prime Minister of Saint Kitts and Nevis, and Chairman of the Authority of
the Organisation of Eastern Caribbean States, Denzil Douglas said at a meeting held on June 18 in a forward
looking statement that member states would sign a landmark agreement to establish
an economic union in the Carribean.
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OECS To Remove Export Subsidies 5/14/2010 Trade officials from members of the Organization of Eastern Caribbean States concluded talks on May 11, 2010, on
withdrawing government subsidies to the region’s exporters by the end
of 2015, as part of an agreement concluded with the World Trade Organization.
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Anguilla Announces Budget Measures 5/4/2010 Anguilla’s Chief Minister, Hubert Hughes has announced budgetary measures as part of the government’s 3-year plan to put Anguilla’s finances back on track.
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Anguilla Braced For Tax Hikes 4/27/2010 Anguilla’s Minister for Finance, Hubert Hughes has warned that taxes will have to be hiked to secure a financing agreement.
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Caribbean Amongst Last Regions To Recover 4/26/2010 Commenting upon the release of the International Monetary Fund’s World Economic Outlook Report, Chief of the World Economic Division, Petya Koeva Brooks, warned that the Caribbean region can expect a protracted recovery from the financial economic crisis, despite a return of more favorable conditions globally.
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OECD Promotes Multilateral TIEAs 3/31/2010 The Organisation for Economic Co-operation and Development has developed a new approach to negotiating tax information exchange agreements involving multilateral negotiations, in order to assist developing countries with resource constraints.
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Caribbean Territories White-Listed 3/26/2010 The Organization for Economic Cooperation and Development has welcomed a late drive
by three Caribbean territories to conclude multiple tax information exchange agreements to gain
a place on the list of territories that have substantially-implemented the internationally-agreed
standard in transparency and tax information exchange.
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Germany Signs TIEA With Anguillla 3/25/2010 The German Ministry of Finance has announced the signing of a tax information
exchange agreement with the Caribbean territory of Anguilla.
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Australia And Anguilla Sign TIEA 3/23/2010 It has been announced that the Chief Minister of Anguilla, Hubert Hughes, and
the Australian Deputy High Commissioner in London, Adam McCarthy, have signed
a bilateral tax information exchange agreement between Australia and Anguilla.
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Anguilla's Deficit Is 'Unsustainable' 3/19/2010 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.
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World Bank Assesses Caribbean Debt 3/17/2010 Staff at the World Bank have been tasked with assessing the debt profile of
indebted Caribbean nations to advise on policy approaches to alleviate their
individual deficits, World Bank President, Robert Zoellick, announced on March
11.
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