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Germany Unites On Draft 2013 Finance Act 5/24/2012 The German cabinet has recently united on the country’s 2013 finance bill,
together with the transport tax amendment bill, modifying both the motor vehicle
tax law and the insurance tax law.
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Germany Leads G8 On Fiscal Policy 5/24/2012 Commenting on the outcome of the recent G8 summit meeting in Camp David, German
Chancellor Angela Merkel insisted that all member states are currently in agreement
that there should not be any new fiscal stimulus packages in the traditional sense
to boost the economy.
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Germany's Fiscal Court President Seeks Simpler Tax Law 5/23/2012 The President of Germany’s Federal Fiscal Court Rudolf Mellinghoff has called
for a drastic simplification of the country’s highly complicated tax law.
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Luxembourg Defends Savings Tax Opposition 5/21/2012 During the recent European Union Economic and Financial Affairs Council meeting in Brussels, Luxembourg’s Finance Minister Luc Frieden defended
his decision to block the European Commission’s plans to negotiate new and
stronger savings tax agreements with third countries, insisting that given recent developments, the automatic exchange
of tax information is not necessarily the only solution to combating tax evasion.
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Hollande Eyes 'Growth Dimension' In Fiscal Compact 5/17/2012 During their first meeting in Berlin, German Chancellor Angela Merkel and French
Socialist President-elect François Hollande underscored the importance
of Germany and France continuing to work closely together in the interests of
Europe, and their responsibility and commitment to collaborating on ideas aimed
at stimulating growth in Europe ahead of the European Council meeting in June.
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Bundesrat Blocks German Tax Cut Plans 5/16/2012 Germany’s coalition government has failed to secure a majority for its EUR6bn (USD7.7bn)
tax cut plans in the German Bundesrat, or upper house of parliament, despite predicted
additional tax revenues of around EUR30bn by 2016, compared to the November 2011
tax estimate.
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Lufthansa Slams German Plane Ticket Tax 5/15/2012 Presenting details of the company’s 2011 annual report at its annual general
meeting in Cologne, Deutsche Lufthansa’s Chief Executive Officer Christoph
Franz urged the coalition government to end the controversial plane ticket tax
currently costing the company around EUR361m (USD465m) annually.
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Funds In Line For French Tax Refunds 5/14/2012 France is facing tax refund claims of EUR4bn (USD5bn) from savers and institutional investors after the European Court of Justice ruled in favour of investments funds from Belgium, Germany, Spain and the United States in a tax case - a ruling which could have ramifications for other European Union member states.
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EU Fails To Unite On Basel III 5/10/2012 Despite a marathon round of intense negotiations in Brussels, led by the Danish
Presidency of the European Union, EU Economic and Financial
Affairs Council ministers failed to agree a common approach on the
issue of more stringent capital standards.
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Jersey Enhances Regulatory Cooperation With Germany 5/9/2012 The Jersey Financial Services Commission has announced the signing of a cooperation
agreement to boost its relationship with the German banking, insurance and investment firms'
regulator, the Bundesanstalt fur Finanzdienstleistungsaufsicht.
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Merkel Set For Battle On Tax Cut Plans 5/8/2012 Ahead of a crucial vote in the Bundesrat, Germany’s upper house of
parliament, German Chancellor Angela Merkel has warned the federal states not
to block the government’s EUR6bn (USD8bn) tax cut plans, aimed at combating
fiscal drift in the country’s income tax law.
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Germany Unites On Financial Supervision Reforms 5/7/2012 During a recent sitting, Germany’s federal cabinet adopted a bill aimed
at strengthening financial supervision in Germany.
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Left Demands Improvements To Swiss-German Tax Deal 5/7/2012 Despite cracks appearing in cross-party relations, Germany’s red-green federal
states, governed by both the Social Democrats and by the Green Party, are said to remain united in their firm opposition to the Swiss-German
tax deal, and in their demands for improvements to be made to the text.
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ECJ Rules Against Dutch Tax On Cross-Border Car Use 5/2/2012 The European Court of Justice has disagreed with the Dutch government's tax treatment of vehicles registered in other European Union states that are loaned free of charge and used on a non-permanent basis on Dutch roads.
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Germany's SPD Eyes Solidarity Tax Rise 5/1/2012 The idea of maintaining and increasing beyond 2019 the country’s highly
unpopular solidarity levy,
as a means with which to finance the reduction of old debt, is rapidly gaining
momentum among leaders of Social Democrat-led states.
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German States Seek To Further Simplify Tax Law 4/27/2012 Germany’s federal states are pressing ahead with plans to simplify the country’s
tax law.
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German Cabinet Adopts Swiss Tax Deal 4/30/2012 The German cabinet has recently adopted the bill implementing the bilateral
tax agreement with Switzerland.
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EP Committee Seeks Wider FTT Net 4/30/2012 The Economic and Monetary Affairs Committee of the European Parliament has
said in a recently adopted resolution that the European Commission’s proposed
financial transaction tax should be better designed in order to capture more traders
and to make evading it unprofitable.
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Luxembourg, Germany Sign Revised DTA 4/25/2012 German Finance Minister Wolfgang Schäuble and his Luxembourg counterpart
Luc Frieden have recently signed in Berlin a new agreement on the avoidance
of double taxation in the area of taxes on income.
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Swiss Parliament Adopts Tax Deal With Austria 4/25/2012 Switzerland’s Federal Council has recently adopted the text of the
withholding tax agreement with Austria.
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Germany Sees Record Q1 Tax Revenues 4/25/2012 German tax revenues reportedly soared to record heights in the first quarter of
this year, despite a sluggish economy over the winter months.
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London Invokes Clause To Improve Swiss Tax Deal 4/24/2012 In a diplomatic note, the UK has called for changes to be made to the bilateral
withholding tax agreement concluded with Switzerland last October, aimed at
resolving the issue of the undeclared wealth of British residents held in Swiss
banks.
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Germany's SPD Ups The Ante On Wealth Tax 4/20/2012 Marking a further shift to the left, four Social Democrat-led states
reportedly intend to submit to parliament, ahead of the summer recess, a bill
providing for the reintroduction of wealth tax in Germany.
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Swiss Lawmakers To Examine German, UK Tax Deals 4/23/2012 The Swiss Federal Council has recently submitted to parliament the bilateral
withholding tax agreements with Germany and the UK, together with the Federal
Act on International Withholding Tax, designed to implement the new agreements.
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German Bank Tax Yields Meagre Rewards 4/20/2012 Germany’s controversial bank tax is expected to yield meagre revenues
this year of just EUR500m (USD655m), well below the government’s original
target figure, and below the EUR590m derived from the levy last year, according
to recent reports.
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Switzerland Stands Firm On Revised German Tax Deal 4/17/2012 Staunchly defending the importance of the bilateral tax agreement with Germany,
as a means to resolve the longstanding issue of undeclared assets held by German
residents in the Confederation’s banks, Swiss Finance Minister Eveline Widmer-Schlumpf
has ruled out any further compromises.
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Austria, Switzerland Unite 'In Principle' On Tax Deal 4/16/2012 Austria’s Finance Minister Maria Fekter has announced that an agreement
in principle has now been reached on the tax treaty between Austria and Switzerland.
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Netherlands, Germany Seal New DTA 4/16/2012 German State Secretary for Foreign Affairs Emily Haber and Dutch State Secretary
for Finance Frans Weekers have recently signed in Berlin a new bilateral double
taxation agreement between the two countries.
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Full Steam Ahead For Swiss-Austrian Tax Deal 4/13/2012 Austria’s Finance Minister Maria Fekter is due to meet her Swiss counterpart
Eveline Widmer-Schlumpf in Bern on April 13, to sign a bilateral tax agreement
between the two countries aimed at resolving the outstanding issue of undeclared
Austrian money held in the Confederation’s banks, according to the Swiss
Finance Ministry.
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Germany's SPD Rejects Revised Swiss Tax Deal 4/12/2012 Sigmar Gabriel, leader of Germany’s Social Democrats, has once again
reiterated his party’s intention ‘to stop’ the Swiss tax deal
in the Bundesrat, where the coalition lacks the necessary majority, despite the
recent signing of a Supplementary Protocol to the agreement, aimed at appeasing
both the German opposition parties and the federal states, as well as the European
Commission.
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CIOT Expects UK-Swiss Tax Deal Re-Write 4/11/2012 Changes to the Swiss-German tax treaty could lead to higher charges for UK holders of undeclared Swiss bank accounts, the Chartered Institute of Taxation has warned.
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Results Of Annual US Review Of Telecommunications Trade Agreements 4/10/2012 United States Trade Representative Ron Kirk has announced the results of
the 2012 annual review of the operation and effectiveness of telecommunications
trade agreements under Section 1377 of the Omnibus Trade and Competitiveness Act
of 1988.
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Switzerland, Germany Renegotiate Landmark Tax Arrangement 4/9/2012 The Swiss government has confirmed the signing of a Supplementary Protocol
with Germany that amends the previous agreement of September 21, 2011, which
allocates to Germany the payment of withholding taxes on German deposits held
in Swiss banks.
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World Economic Forum Issues Global ICT Report 4/6/2012 The World Economic Forum, in collaboration with INSEAD, has issued the Global
Information Technology Report for 2012, which is said to be the most comprehensive
assessment of the preparedness of global economies to leverage the networked economy.
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Schäuble Tries To Quieten Swiss Tax Imbroglio 4/5/2012 German Finance Minister Wolfgang Schäuble has underlined the need
for the bilateral Swiss-German withholding tax agreement to enter into force as
planned from January 1, 2013, despite Switzerland’s inflammatory decision this week to issue arrest warrants for three German tax investigators for industrial espionage.
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Schäuble Eyes EU Tax On Shares 4/4/2012 Given the ongoing staunch opposition from certain countries to the idea
of a financial transactions tax in Europe, German Finance Minister Wolfgang Schäbule
has put forward an alternative proposal, starting with a tax
imposed on the stocks and shares of companies listed on the stock exchange.
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German Bundestag Backs Tax Cuts 4/2/2012 The German Bundestag, or lower house of parliament, has recently adopted by 310
votes to 243 the coalition’s EUR6bn (USD8bn) tax cut plans, aimed at combating
fiscal drift in the country’s income tax law.
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Liechtenstein Sends DTA With Germany To Parliament 3/29/2012 The Liechtenstein government has announced that it has recently submitted to parliament
for approval a report pertaining to the bilateral double taxation
agreement with Germany, aimed at preventing double taxation and tax evasion
in the area of taxes on income and on wealth.
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Juncker Seeks Alternatives To FTT 3/29/2012 During a recent conference in Brussels, Luxembourg’s Prime Minister and
Eurogroup President Jean-Claude Juncker expressed his reservations regarding
the idea of a tax on financial transactions, advocating instead that an alternative
be examined.
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Schäuble Concedes FTT Doomed To Failure 3/28/2012 In a shock announcement just ahead of a crucial euro zone finance ministers’ meeting in Copenhagen, German Finance Minister Wolfgang Schäuble has finally conceded that Franco-German plans for the introduction of a European tax imposed on financial transactions are doomed to failure.
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Schäuble Eyes 'Extended' Stock Market Tax 3/27/2012 German Finance Minister Wolfgang Schäuble has recently conceded that there
is little chance of a financial transactions tax at European Union level,
and has therefore advocated instead the introduction of an extended stock market
tax.
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Germany Unveils 2012 Supplementary Budget 3/26/2012 The German finance ministry has recently unveiled details of its 2012 supplementary
budget bill, authorizing Germany’s financial contribution to the financial
resources of the permanent financing mechanism, the European Stability Mechanism,
due to enter into force in July of this year.
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Germany Targets Lost Revenues In Textile Industry 3/23/2012 The German finance ministry has recently announced that it has concluded a
joint agreement with the country’s social partners in the textile industry, to combat illicit work and illegal employment, thereby improving the
situation in the labour market and securing much-needed tax revenues for
the state.
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Bundesbank Chief Slams 'Unambitious' Savings Plans 3/26/2012 Bundesbank President
and former economic advisor to Chancellor Merkel, Jens Weidmann, has recently criticized
the government’s medium-term savings plan as ‘not ambitious enough’.
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EU Parliamentary President Slams Merkel On FTT 3/22/2012 During a recent gathering of the German Social Democrats in Berlin, President
of the European Parliament Martin Schulz called into question whether German
Chancellor Angela Merkel is actually serious about the introduction of a financial
transactions tax.
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Germany Eyes Care Contribution Rise In 2013 3/22/2012 Germany’s ruling black-yellow coalition government has reportedly united
on the final details of its plans for care reform in Germany, and on plans to
finance the changes by introducing a 0.1% increase in the contribution rate.
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EU Consults On State Support For Film Finance 3/21/2012 The European Commission has launched a consultation on the state aid criteria
it proposes to use to assess proposals from member states to provide tax relief and other concessions to film financiers.
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German Cabinet Backs ESM Ratification 3/21/2012 The German cabinet has recently approved legislation to ratify the treaty creating
the European Stability Mechanism and backed a bill authorizing Germany
to contribute to the ESM, thereby establishing the requisite domestic conditions
for a new, permanent financing mechanism.
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Germany Seeks To Iron Out Swiss Tax Deal Issues 3/19/2012 Following recent ‘constructive’ talks with his colleagues from Social
Democrat- and Green Party-led federal states, German Finance Minister Wolfgang
Schäuble has agreed to hammer out with Switzerland certain changes to the
bilateral Swiss-German tax deal, signed in September.
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German Nuclear Tax Row Rumbles On In Court 3/20/2012 Germany’s Federal Fiscal Court has recently
overturned a decision by a court in Hamburg to grant temporary legal protection
to nuclear power plant operators from the coalition government’s nuclear
fuel tax.
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Cut In German Health Contributions Ruled Out 3/15/2012 Bavaria’s Prime Minister and leader of the Christian Social Union Horst Seehofer has categorically rejected the idea of reducing statutory health insurance contribution rates, despite the billions of euros of surplus reserves
currently available in the health sector.
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Germany Defends VAT Rules For Art 3/14/2012 Germany’s State Minister for Culture Bernd Neumann has recently underlined
his grave concerns regarding the European Commission’s request that Germany
apply the full rate of value-added tax to the supply of works of art and
collectors’ items.
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EU Divided Over FTT 3/15/2012 Despite months of ongoing discussions, Europe remains divided and seemingly
no further forward on the controversial issue of a financial transactions tax.
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International Trademark Filings Set New Record 3/14/2012 2011 saw the highest number of international trademark applications ever filed
under the World Intellectual Property Organization’s Madrid
System for the International Registration of Marks with 42,270
applications, or a 6.5% increase compared to 2010.
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Schäuble Set To Remove Voluntary Service Tax Break 3/12/2012 Just eight months after the official end to national service and conscription
in Germany, the German finance ministry is considering whether or not income paid
to volunteers in either the military service or the government’s new federal
volunteer service should be taxed.
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Germany 'Modifies' EU-Contested Swiss Tax Deal 3/9/2012 Germany and the European Commission have reportedly resolved their differences
over the bilateral German-Swiss withholding tax deal aimed at preventing tax evasion.
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German Hotel Industry Defends Reduced VAT 3/8/2012 The German hotel industry has recently vehemently defended the reduced 7% rate
of value-added tax accorded to overnight services in the sector.
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UK Opens German Patent Highway 3/8/2012 The UK and Germany have launched a one year pilot scheme designed to speed up the processing of patent applications.
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Schäuble Defends 'Constitutionally Necessary' Tax Cuts 3/6/2012 German Finance Minister Wolfgang Schäuble has recently underlined the need
for a reduction in the fiscal burden on individuals in Germany, to be achieved
by the introduction of measures aimed at combating fiscal drift in the country’s
income tax law.
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International Patent Filings Set New Record In 2011 3/7/2012 Despite difficult global economic conditions, international patent filings under
the World Intellectual Property Organization-administered Patent Cooperation
Treaty set a new record in 2011 with 181,900 applications – up 10.7% on 2010 and the fastest growth since 2005.
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Juncker Optimistic On Greek Bailout Deal 3/5/2012 While underlining that the second international rescue package for Greece has
good chances of succeeding, Luxembourg’s Prime Minister and Eurogroup
President Jean-Claude Juncker has not ruled out a third package.
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Germany Upbraided Over Art Tax Break 3/5/2012 The European Commission has officially asked Germany to change its value-added
tax rules as regards the application of a reduced rate to the supply of
works of art and collectors' items.
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German Bundestag Backs Greek Package 2/29/2012 The German Bundestag, or lower house of parliament, has recently adopted by a
large majority the second rescue package for Greece, designed to grant Athens
further financial assistance of a maximum of EUR130bn (USD175bn) until 2014.
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German Foundation Eyes Wealth Tax Reforms 2/27/2012 Tax experts at the Hans Böckler Foundation have recently
put forward reform proposals for the taxation of wealth in Germany, designed
to generate additional annual tax revenues for the state and to ensure that
Germany’s wealthiest individuals contribute more in future to financing
state budgets.
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German FM 'Isolates' Bahr On Care Reform Plans 2/22/2012 The German finance ministry has fiercely criticized Health Minister Daniel Bahr’s
bill on care reform in Germany, insisting that the proposed contribution increase
will not serve to fully finance the reform.
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The Netherlands Ups Tax Treaty Negotiations In 2012 2/21/2012 Underlining the government’s commitment to negotiating new tax treaties
with other countries, the Dutch finance ministry has recently outlined details
of its specific plans for 2012.
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Germany's Seehofer Makes Tax Key Election Issue 2/15/2012 Leader of Germany’s ruling Christian Social Union Horst Seehofer has
recently announced plans to make tax policy a central issue of the upcoming elections
in 2013, following the decision by the Social Democrats and the Green Party to reject the coalition government’s tax relief measures in
the Bundesrat.
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Germany's CDU Eyes Income Tax Compromise 2/15/2012 Following the German government’s recent failure to win support for its
2013 and 2014 tax cut plans in the Bundesrat, or upper house of parliament, Norbert
Barthle, budgetary expert of the ruling Christian Democratic Union party,
has mooted the idea of increasing the top rate of income tax in return for the
tax relief measures, in order to gain support from the Social Democrats.
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Germany Stalls On ACTA 2/14/2012 Following rumblings of discontent against the agreement in other European Union countries, it has been disclosed that the German government will delay its
signing of the Anti-Counterfeiting Trade Agreement until the European Parliament has given its approval.
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German Bundesrat Rejects Tax Cut Plans 2/14/2012 Germany’s black-yellow coalition government has failed to receive support
for its tax cut plans in the German Bundesrat, or upper house of parliament, when
a bill providing for tax cut measures of around EUR6.1bn (USD8bn) was rejected
in a first reading.
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US To Cooperate With EU Countries On FATCA 2/10/2012 The United States Treasury Department and the Internal Revenue Service have
issued proposed regulations for the next major phase of implementing the Foreign
Account Tax Compliance Act, which also includes a joint statement with
France, Germany, Italy, Spain and the United Kingdom on a possible government-to-government
framework for information exchange.
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EU 'Core' Presses For FTT 2/9/2012 French Finance Minister François Baroin has announced that nine European
countries have recently addressed a joint letter to the Danish Presidency of the
European Union calling for work to be accelerated on European plans for a
tax on financial transactions.
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Switzerland, EU Set For Tax Clash 2/9/2012 Switzerland’s Federal Council has recently announced the next steps for the continuation of bilateral negotiations with the European Union, including in the contentious area of taxation.
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FTT Will Hit UK Revenues Even With Opt Out 2/8/2012 David Cameron's refusal to sign a new European Union deal will not shield the UK from the impact of a financial transaction tax, Ernst and Young has said.
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Germany's FDP Eyes Saver Tax Relief 2/8/2012 Germany’s ruling Free Democratic Party has recently put forward
the idea of raising the savers' tax-free allowance to compensate for a tax imposed
on financial transactions.
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Swiss-German Tax Deal Under Threat 2/8/2012 Social Democrat controlled states throughout Germany reportedly plan
to block the bilateral tax agreement between Switzerland and Germany in the
German Bundesrat, or upper house of parliament, during a crucial vote on February 10.
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Luxembourg's Juncker Defends Fiscal Compact 2/3/2012 Luxembourg’s Prime Minister and President of the Eurogroup Jean-Claude
Juncker has recently underlined his support for and confidence in the new so-called
'fiscal compact', a treaty on stability and convergence in the Economic
and Monetary Union endorsed by 25 of the 27 European Union member states
during a summit meeting in Brussels.
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Panama Plans More TIEAs 2/1/2012 Panama's Minister for the Economy and Finance, Frank De Lima has confirmed
the government will continue to seek out tax information exchange agreements
with other nations despite having reached the twelve
agreement quota set for inclusion on the Organisation for Economic Cooperation
and Development's white list.
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Schäuble Demands Reform Action To Secure Greek Bailout Deal 1/31/2012 Ahead of a key European Union summit meeting in Brussels focussing on stricter
budgetary discipline, German Finance Minister Wolfgang Schäuble urged
Greece to implement vital reform measures to redress the state finances, warning
that failure to do so might result in the second euro zone bailout package being
withheld, and ultimately in bankruptcy.
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FTT 'Simply Madness' Says Cameron 1/31/2012 The mere consideration of a financial transaction tax is 'madness', the UK's Prime Minister has said.
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Danish Presidency's Fiscal Priorities Don't Include FTT 1/27/2012 Denmark’s Economic and Interior Affairs Minister Margrethe Vestager
recently explained to the European Economic and Monetary Affairs Committee that
the key priorities for the Danish Presidency of the European Union Council of
Ministers are increasing surveillance of budgetary policies, and the economic
and fiscal surveillance of eurozone member states facing serious financial instability.
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Merkel Champions Eurozone Fiscal Pact 1/26/2012 German Chancellor Angela Merkel has recently held talks in Berlin with Belgian
Prime Minister Elio Di Rupo, with the talks focussing on the European agenda,
and with both leaders underlining their commitment to further developing the planned
fiscal pact.
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French FM Sketches Contours Of FTT 1/25/2012 French Finance Minister François Baroin has recently confirmed government
plans to impose a financial transactions tax on shares, securities and derivatives.
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Germany Mulls Second Tax Simplification Law 1/25/2012 Financial experts of both ruling parties in Germany’s black-yellow coalition
government have called for a second tax simplification package to be adopted
in 2012 to further simplify German tax law, thereby continuing to reduce the bureaucratic
burden on both businesses and individuals.
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Germany Publishes Updated Tax Guide 1/23/2012 The German finance ministry has recently announced publication of its new updated
A to Z tax guide for taxpayers in Germany,
which, it underlines, provides useful and relevant information
for both businesses and individuals.
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France Lowers Burden On Very Small Businesses 1/20/2012 Following a four hour summit meeting with the country’s social partners
at the Elysée, French President Nicolas Sarkozy unveiled details of a series
of agreed emergency measures, designed to reduce unemployment in France, including
notably plans to grant very small businesses exemption from charges in respect of young people they recruit.
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Rösler Eyes Stock Market Tax As EU Option 1/23/2012 German Economy Minister and leader of the ruling Free Democratic Party Philipp
Rösler has recently put forward the idea of introducing a European Union stock market sales tax, based on the existing UK model, as an alternative
to the controversial financial transactions tax, currently dividing opinion within
the coalition, and indeed within Europe.
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France, Germany To Act Swiftly On Tax Convergence 1/20/2012 France and Germany have pledged to put forward concrete proposals for a common
corporate tax base by the end of February, in a joint document outlining their
strategy for exiting the crisis and for strengthening growth.
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Germany's EnBW Dealt Legal Blow Over Nuclear Fuel Tax 1/17/2012 Dealing a severe blow to nuclear energy provider EnBW, a regional finance court
in the German state of Baden-Württemberg has recently ruled that there are
'no serious doubts' as to the constitutionality of the coalition government’s
controversial nuclear fuel tax law.
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Merkel Resolves To Accelerate Euro Fiscal Pact 1/17/2012 Following the recent decision by ratings agency Standard and Poor’s to downgrade
the credit ratings of nine eurozone member states, including crucially France
and Austria, German Chancellor Angela Merkel underlined the need to rapidly implement
the planned fiscal pact, agreed in December.
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Italy Backs EU Financial Transactions Tax 1/16/2012 Italy, under the new leadership of Prime Minister Mario Monti, has voiced support for the introduction of taxes on European financial transactions.
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German Coalition Split On Tobin Tax 1/13/2012 Germany’s coalition government partners are once again on a head-on collision course,
divided this time on the issue of whether or not to implement a financial transactions
tax merely at eurozone level.
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Sarkozy Seeks To Steer Merkel On 'Tobin' Tax 1/11/2012 Ahead of a crucial European Council meeting on January 30, and determined to gain
much needed ground in the run up to the presidential elections in France in April,
French President Nicolas Sarkozy advocated accelerating implementation of
a tax imposed on financial transactions, during his meeting with German
Chancellor Angela Merkel in Berlin on Monday.
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Argentina Hikes Import Taxes On Luxury Vehicles 1/11/2012 The Argentine government has announced a change to the country's customs duty
regime to introduce higher taxes on imported vehicles and motorbikes, imitating Brazil's earlier decision to introduce protectionist tax measures to support its domestic car manufacturing industry.
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UK Will Block 'Tobin' Tax 1/10/2012 The UK's Prime Minister has again signalled his intention to block plans for a European Union-wide 'Tobin' tax, arguing that current plans are not 'sensible'.
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France Takes Lead On Transactions Tax 1/9/2012 France will continue to push for the introduction of a financial transactions tax in Europe this year, even without German backing for an acceleration of the implementation timetable for the proposed new levy.
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Taiwan, Germany Sign DTA 1/3/2012 Taiwan’s Ministry of Foreign Affairs has announced that, in Berlin on December
19 and then also in Taipei on December 28, Taiwan and Germany signed a bilateral
double taxation agreement.
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Six Jailed In EU Carbon Trading Carousel Fraud Probe 12/28/2011 A Frankfurt court has sentenced six individuals to as long as seven years' imprisonment
for tax fraud as part of a larger European Union probe to bring those who profited
from manipulating the trade bloc's carbon emission permit trading platform to
justice.
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Swiss, German Revised DTA In Force 12/27/2011 Switzerland’s Federal Department of Finance has announced that
the revised double taxation agreement between Switzerland and Germany
has now entered into force following a recent exchange of the instruments of
ratification.
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Germany Unites On Financial Market Stabilization Bill 12/21/2011 The German cabinet has recently adopted a new piece of legislation on financial
market stabilisation.
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