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Tax Rates Inch Up In EU27 5/25/2012 In its 2012 edition of the publication 'Taxation trends in the European
Union', Eurostat, the statistical office of the European Union, highlights
the observed increase in value-added tax rates, corporate tax rates and top personal
income tax rates in 2012, among the twenty-seven European Union member states.
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Luxembourg, Cyprus Discuss DTA Signing 5/21/2012 During a recent working visit to the Grand Duchy of Luxembourg, the Foreign Affairs
Minister of the Republic of Cyprus Erato Kozakou-Marcoullis held talks with her
Luxembourg counterpart Jean Asselborn, with the talks focussing on the planned
signing of the bilateral double taxation agreement between Luxembourg and
Cyprus.
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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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Austria, Luxembourg Block EU Savings Tax Proposals 5/18/2012 Much to the deep annoyance and extreme frustration of European Union Tax Commissioner
Algirdas Semeta, Austria and Luxembourg have blocked the European Commission’s
plans to negotiate new and stronger savings tax agreements with Switzerland, Monaco,
Liechtenstein, Andorra and San Marino, aimed at strengthening cooperation in tax
matters.
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South Africa Loses CGT Exit Charge Appeal 5/11/2012 The South African Revenue Service has lost its Supreme Court appeal on
a case concerning the capital gains tax that it said should be applied on
a deemed disposal when a taxpayer becomes non-resident.
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Luxembourg May Extend Budget Measures 5/10/2012 During a recent address on the state of the nation, Luxembourg’s Prime
Minister Jean-Claude Juncker presented the government’s declaration on
the current economic, social, and financial situation in Luxembourg, indicating
crucially that the fiscal initiatives taken on April 27 to consolidate the public
finances will have to be extended beyond 2014.
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Luxembourg Unveils Unsatisfactory Q1 Tax Revenues 5/9/2012 Luxembourg’s Finance Minister Luc Frieden has recently unveiled details
of the country’s public finances at central administration level for the
first quarter of 2012, and has defended the additional budgetary consolidation
decisions taken by the government at the end of April.
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Regulatory Change To Drive Onshore Fund Growth 5/9/2012 French hedge funds and the securities regulator AMF believe the Alternative Investment Fund Managers Directive will - more than UCITS - boost investor confidence in hedge funds and pave the way for potentially significant asset growth.
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Juncker Insists Fiscal Compact Not Up For Renegotiation 5/9/2012 Luxembourg’s Prime Minister and Eurogroup President Jean-Claude Juncker
has firmly ruled out the idea of completely renegotiating the fiscal compact,
agreed by twenty-five of the twenty-seven European Union member states back
in March, and aimed at strengthening budgetary discipline, following the election
of François Hollande as the new French President.
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Luxembourg Outlines Fiscal Consolidation Plans 5/2/2012 Luxembourg’s Finance Minister Luc Frieden has recently presented the country’s
stability and growth programme for 2012-2015, which includes fiscal consolidation
measures approved by government on April 27.
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Frieden Backs 'Inspirational' Swiss-German Tax Deal 5/2/2012 Luxembourg’s Finance Minister Luc Frieden has recently underscored that
the Swiss-German bilateral tax treaty will greatly influence and will be ‘inspiring’
for the ongoing debate within the European Union on the taxation of interest.
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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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Mauritius, Luxembourg Initial Revised DTA 4/13/2012 Luxembourg’s Deputy Prime Minister and Foreign Affairs Minister Jean Asselborn
has recently conducted a working visit to the island of Mauritius, with the main
aim of deepening existing relations, and in particular bilateral economic ties,
with the visit culminating in the initialling of a revised bilateral double taxation
agreement between the two countries.
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HMRC Could Investigate Apple's UK Tax Affairs 4/11/2012 Just days after it emerged that Amazon was under investigation by the UK taxman, Apple has come under fire for its payment of just GBP10m in UK corporate tax.
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UK Due To Introduce Tax-Transparent Pooled Fund Structure 4/10/2012 Northern Trust has confirmed that it will offer the incoming UK tax-transparent
pooled funds structure, when regulations permitting the vehicle become effective in the UK in late summer 2012.
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Amazon Challenged Over UK Corporate Tax 4/9/2012 HM Revenue and Customs is said to be investigating Amazon for its failure to pay adequate corporate tax on its UK sales.
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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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Luxembourg FM Hints At Tax Rises 4/3/2012 During a recent consultation on the direction of fiscal policy in the chamber
of deputies, Luxembourg’s Finance Minister Luc Frieden underlined that the
overarching objective should be to have healthy public finances in Luxembourg,
to confine the ratio of public debt in the long term, and to preserve social cohesion
in an environment conducive to creating new jobs.
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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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Luxembourg Urged To Modify Fiscal Policy 3/23/2012 The Luxembourg government has recently published a report on the macroeconomic
forecast and the development of public spending for 2011-2015, which states that
without a change of fiscal policy, the country will not be able to achieve a balanced
budget in 2014, and warns that the public deficit might even exceed 3% of gross
domestic product in 2013.
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Guernsey Is Europe's Captive Domicile Of Choice 3/22/2012 Newly-published research from Business Insurance magazine shows that Guernsey
has extended its position as the largest captive insurance domicile in Europe
and remains number four globally.
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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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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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Greece Agrees EUR3.3bn Savings Plan 2/21/2012 Just ahead of a planned meeting of eurozone finance ministers in Brussels, the
Greek cabinet has unanimously approved a final series of austerity measures totalling
EUR325m (USD429m) to secure the EUR130bn bailout agreement from international
lenders including the European Union and the International Monetary Fund,
vital to avoiding bankruptcy.
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Juncker 'Confident' On Greek Bailout Deal 2/16/2012 Luxembourg’s Prime Minister and President of the Eurogroup Jean-Claude Juncker
has underlined his confidence that the Eurogroup will indeed be able
to implement all the necessary decisions regarding Greece’s second adjustment
programme during its forthcoming meeting on February 20.
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Russia Considers Eurobond Tax 2/7/2012 The Russian government is considering retroactively applying withholding tax on Eurobonds that are issued through special purpose vehicles in low-tax jurisdictions.
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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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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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Guernsey Remains Leader In Non-UK Listings 1/27/2012 Guernsey remains home to more non-UK entities listed on the London Stock Exchange than any other jurisdiction globally, according to figures from the market
authority.
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Luxembourg, Belgium Champion Fiscal Discipline 1/25/2012 During a recent working visit to Luxembourg, Belgian Prime Minister Elio Di
Rupo held talks with his Luxembourg counterpart Jean-Claude Juncker, with the
talks focussing on fiscal issues currently under discussion in the European
Union.
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Juncker Unconcerned By EFSF Downgrade 1/19/2012 Luxembourg’s Prime Minister and President of the Eurogroup Jean-Claude
Juncker has recently issued a statement concerning the decision by Standard
and Poor’s to downgrade the credit rating of the European Financial Stability
Facility from triple A to AA+, following the rating action of January
13 pertaining to a group of eurozone member states.
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Luxembourg Discusses Tax With Danish Presidency 1/19/2012 Luxembourg’s Finance Minister Luc Frieden has recently conducted a working
visit to Copenhagen for bilateral discussions with Denmark’s Economic
Affairs Minister Margrethe Vestager and with the country’s Finance Minister
Bjarne Corydon, with the talks focussing in particular on taxation and on financial
regulation.
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EU Tax Burdens Stabilize 1/17/2012 Following three years of decline, European Union nations' tax-to-GDP ratios remained broadly level in 2010, the latest year for which detailed tax revenue statistics are available for all member states, as governments begin to consolidate their fiscal positions. In the euro area the downward trend in tax revenues continued, but decelerated in 2010, with a slight drop to 40.2% of GDP.
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Ogier First Offshore Law Firm In Luxembourg 1/13/2012 Ogier, a leading provider of international legal and fiduciary services, has announced
plans to target new clients in Luxembourg with the establishment of legal and fiduciary
businesses in the territory.
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Luxembourg Abolishes Crisis Contribution In 2012 1/2/2012 The Luxembourg government has recently published an overview of the key changes
for individuals in the Grand Duchy in 2012, following entry into force of a series
of new laws, and including notably the abolition – a year earlier than initially
planned – of the controversial crisis contribution.
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UK To Retain 'Uncompetitive' VAT Rate On E-books 12/27/2011 The UK Treasury has confirmed that it will not follow its European peers in slashing the value-added tax rate it places on electronic books sold on the Internet, commonly known as e-books, following recent decisions by the governments of France and Luxembourg, which may establish them
as domiciles of choice for Internet e-book retailers in Europe.
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Frieden Defends Luxembourg Budget 12/13/2011 Luxembourg’s Finance Minister Luc Frieden intervened during a recent parliamentary debate to defend the country’s 2012 draft budget, insisting that the fiscal provisions contained in the bill form part of a longer-term plan to stimulate growth and to increase purchasing power.
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Mexico Has OECD's Lowest Tax Burden 11/30/2011 The Organization for Economic Cooperation and Development has published its annual report on the tax burdens in place in 2010 among its members, which shows that Mexico had the lowest tax-to-GDP ratio at 18.7%.
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Luxembourg, Russia Ink DTA Amendment 11/23/2011 During a recent visit to Moscow, Luxembourg’s Finance Minister Luc Frieden
and Finance Minister of the Russian Federation Anton Silouyanov signed an amendment
to the existing bilateral agreement between Luxembourg and Russia, designed to
avoid double taxation and to prevent tax evasion in the area of taxes on wealth
and on income.
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Switzerland, France Smooth Over Tax Differences 11/24/2011 Swiss Federal Councillor and head of the Federal Department of Finance Eveline Widmer-Schlumpf recently held talks with French Finance Minister François
Baroin, with the discussions focussing on the global economic situation, on
the current crisis in the eurozone, and on bilateral and multilateral tax matters.
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UK Drops In Tax Competitiveness Index 11/17/2011 While the UK has a competitive tax system it risks being overtaken by other economies easing tax burdens for businesses, according to a new report from PwC.
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EU Stalls On FTT 5/1/2012 During a recent European Union Economic and Financial Affairs Council meeting in Brussels, deep divisions emerged on the creation of a tax on financial transactions, leading to a likely delay in the presentation of new legislation to implement the levy at European level.
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Luxembourg Strengthens Economic Ties With Russia, Finland 11/1/2011 Luxembourg’s Deputy Prime Minister and Foreign Affairs Minister Jean
Asselborn recently carried out official visits to Russia and to Finland to strengthen
economic ties in both countries.
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Luxembourg Gives Boost To Financial Centre In Asia 10/20/2011 Determined to reinforce the Luxembourg financial centre in markets experiencing
strong economic growth, Luxembourg’s Finance Minister Luc Frieden is currently
on a visit to Asia to promote the financial centre.
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Guernsey, Luxembourg Explore Fund Sector Synergies 10/12/2011 A team from Guernsey’s fund industry hosted an event in Luxembourg last
month aimed at boosting cooperation between the two jurisdictions, discussing
ways in which service providers in the two centres can work together more effectively
for mutual benefit.
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Luxembourg Unveils 'Responsible' 2012 Budget Bill 10/7/2011 Luxembourg’s Finance Minister Luc Frieden has recently submitted to the
chamber of deputies the country’s 2012 budget bill, pertaining
to revenues and expenditure in the coming year, underscoring the government’s
commitment to pursuing an active, social and responsible fiscal policy.
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Jersey Rated As Top IOFC 9/29/2011 Jersey has retained its position as the highest rated offshore international finance
centre in the latest Global Financial Centres Index published on September
26, 2011.
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Luxembourg Unveils Energy Efficiency Tax Credits 9/21/2011 Luxembourg’s Finance Minister Luc Frieden and Housing Minister Marco
Schank recently unveiled key details of different fiscal measures designed to
encourage energy efficiency improvements in properties in Luxembourg.
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EU Divisions Entrenched On European Tobin Tax 9/20/2011 During a recent meeting of European Union finance ministers and central bank
leaders in Breslau, deep divisions crystallized on the highly controversial idea
of Europe proceeding unilaterally with the introduction of a tax levied on all
financial market transactions.
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Reynders Backs Franco-German Tax Plans 9/15/2011 According to Belgian Finance Minister Didier Reynders, the Benelux countries should
join the Franco-German drive to create a common, harmonized corporate tax base.
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Guernsey Praised In Captive Insurance Report 8/31/2011 Guernsey’s position as one of the leading captive insurance domiciles globally
has been reinforced by the results of a new study into the sector.
|
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Luxembourg-HK DTA Protocol In Force 8/26/2011 The Hong Kong government has announced the coming into effect of the Protocol to the bilateral agreement for the avoidance of double taxation with Luxembourg
and Hong Kong, signed in November 2010.
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France Snubs Swiss Tax 'Deal' 8/23/2011 France has, for the time being at least, reportedly ruled out the idea of concluding
a bilateral tax deal with Switzerland, aimed at resolving the ongoing issue
of tax evasion, following recent advances from and talks with the Confederation.
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EU Takes Action On Cross Border Mediation And Claims 7/27/2011 The European Commission is to take further action to ensure the application
of the European Union Mediation Directive to resolve cross-border disputes,
whilst also proposing to introduce a new Europe-wide preservation order to ease
the recovery of cross-border debts.
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Luxembourg, Cyprus To Launch Talks On DTA 7/22/2011 Luxembourg’s Finance Minister Luc Frieden recently conducted an official
visit to Cyprus at the invitation of his Cypriot counterpart Charilaos Stavrakis,
with the talks focussing on strengthened fiscal cooperation by means of a future
bilateral tax agreement.
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Luxembourg Redefines Home Energy Tax Credits 7/20/2011 During a recent meeting chaired by Prime Minister Jean-Claude Juncker, Luxembourg’s
governing Council approved the bill providing for different fiscal measures designed
to encourage energy efficiency improvements in properties.
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Luxembourg's Juncker Backs EU Tobin Tax 7/12/2011 Luxembourg’s Prime Minister Jean-Claude Juncker has welcomed the European
Commission’s proposals on the European Union’s 2014-2020 multi-annual
financial framework, and in particular its plans to introduce a financial transactions
tax Europe-wide.
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Jersey, Luxembourg Hold Bilateral Talks 7/12/2011 Luxembourg's Ambassador to the United Kingdom, Hubert Wurth began a visit to
Jersey on July 12, to discuss issues surrounding international finance centres
and double taxation.
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Eurostat Notes Rising Consumption Tax 7/7/2011 According to a recent study conducted by Eurostat, the statistical office of the
European Union, the global financial and economic crisis has changed the
fiscal shape of Europe.
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EU Taxes Edge Nearer 7/4/2011 European Commission President Jose Manuel Barroso has recently unveiled details
of the Commission’s proposals for the European Union 2014-2020 multi-annual
budget, providing for a fundamental reform of financing, to be achieved by means
of a European financial transactions and sales tax.
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Luxembourg, Tajikistan Ink DTA 6/14/2011 During an official visit to Luxembourg by Tajikistan’s President Emomali
Rahmon and accompanying delegation, the talks centred on strengthening bilateral
relations, on human rights, as well as on economic and financial issues, culminating
in the signing of a bilateral double taxation agreement between the two
countries.
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Germany, Luxembourg Ink Salaries Agreement 6/7/2011 In order to avoid double taxation, Germany’s Finance Minister Wolfgang
Schäuble and his Luxembourg counterpart Luc Frieden have announced their
agreement on more precise provisions pertaining to the taxation of cross-border
workers.
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Liechtenstein Hosts Key Tax Talks 5/30/2011 During the latest meeting of German speaking finance ministers in Vaduz, the talks
focussed on recent developments in the area of taxation and cooperation in tax
matters, as well as on current international financial topics.
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IFC Launches Georgian Tax Simplification Project 5/30/2011 The IFC is to help the Georgian government roll out its new tax system for micro and small businesses, training entrepreneurs on the new regime, with a view to further reinforcing the administrative and financial benefits expected from the measures.
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Hong Kong Gazettes DTAs 5/17/2011 Five orders implementing the double taxation agreements with Liechtenstein,
France, Japan and New Zealand, and the protocol to the agreement with Luxembourg,
have been gazetted by Hong Kong’s Chief Executive under the Inland Revenue
Ordinance.
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Tax Burdens On The Increase, Says OECD 5/13/2011 Average tax burdens rose in 22 of the Organization for Economic Co-operation and Development's 34 member countries in 2010, with France, Belgium, Germany and Italy among the highest-taxed countries.
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Switzerland Seeks To Amend DTAs 4/11/2011 The Swiss Federal Council has recently requested authorization from the National
Council and the Council of States to amend certain double taxation agreements, already approved by parliament, to ensure that they are in line with
internationally applicable standards on administrative assistance in tax matters.
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IOM Clears Fund Sales From Luxembourg And Ireland 4/6/2011 The Isle of Man Financial Supervision Commission has announced that it will progress
Regulations in respect of funds domiciled in Luxembourg and Ireland, having deemed their regulations
in relation to UCITS funds to be equivalent to the Isle of Man's.
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Luxembourg Financial Centre Faces Challenges 4/6/2011 Luxembourg's financial sector will continue to face challenges from international efforts to harmonize taxation and enhance transparency, according to the International Monetary Fund.
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European Financial Centres Discuss The Future 2/22/2011 Representatives from Jersey met with a round table grouping of major European finance centres in Brussels on February 17, 2011, to discuss the changing outlook for International Financial Centres in Europe.
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Luxembourg's Gulf Tour Strengthens Economic Ties 2/14/2011 Luxembourg’s Head of State the Grand Duke and Finance Minister Luc Frieden
recently undertook a visit of the Gulf region in a bid to promote the country’s
financial centre.
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Luxembourg Presents Financial Centre Action Plan 2/11/2011 Luxembourg’s Finance Minister Luc Frieden has recently presented details
of work carried out by the High Committee responsible for the country’s
financial centre, and unveiled details of the key development axes for the financial
centre in 2011.
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Luxembourg Approves Multiple Tax Treaties 2/8/2011 During a recent meeting, Luxembourg’s governing council adopted the bill
providing for the approval of bilateral tax agreements with Barbados and Panama,
as well as for the approval of amendments to multiple existing bilateral tax
treaties.
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Liechtenstein To Hold Key Tax Talks 1/31/2011 Liechtenstein’s government has announced that the next informal gathering
of German-speaking finance ministers is due to be held in Vaduz on May 25.
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Ecofin Discusses Euro Crisis And Taxes 1/24/2011 Unveiling details of the latest European Union Economic and Financial Affairs
Council meeting, Luxembourg’s Prime Minister and Eurogroup President
Jean-Claude Juncker underlined the fact that the crisis that exists is not a euro
crisis but rather a sovereign debt crisis in some euro zone member states.
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Luxembourg Holds Economic Talks With Algeria, Tunisia 1/11/2011 Luxembourg’s Economy and Foreign Trade Minister Jeannot Krecké is
currently conducting an official visit to the North African countries of Algeria
and Tunisia in a bid to establish closer bilateral relations in different areas
of economic interest.
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Luxembourg Confirms Key Changes For 2011 1/7/2011 Luxembourg’s government has recently announced details of key changes
to its tax laws from January 1, which directly concern both individuals and
companies in Luxembourg, and which include notably the introduction of a ‘crisis
contribution,’ a new top rate of marginal income tax, and an increase
in the country’s solidarity tax.
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Luxembourg Launches Islamic Finance Guide 1/3/2011 Luxembourg for Finance – the agency with responsibility for the development
of Luxembourg's financial centre – has enhanced its website through the
addition of a section dedicated to shariah-compliant products and services.
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EU Launches Multi-Year Review Of Cross-Border Taxation 12/23/2010 The European Commission has published a Consultation, which marks the commencement of a comprehensive multi-year review of the major cross-border issues faced by EU citizens, and proposes solutions for them.
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China, EU Discuss Untapped Trade Flow Potential 12/22/2010 The EU and China held the second, and final day of their third High Level Economic
and Trade Dialogue on December 21, at what was the first meeting between the two parties
since the entry into force of the Lisbon Treaty.
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'Cooperation' Agreed On EU Patent 12/17/2010 Following the inability last month to agree on pan-European patent legislation
between European Union member states, the European Commission will present
a proposal opening the way for some countries to proceed on the basis of 'enhanced
cooperation'.
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OECD Notes Fall In Global Tax Burden 12/15/2010 The Organization for Economic Cooperation and Development has noted a decline
in revenues during 2009 among its member countries, in cash terms, which it
said was driven by declining economic activity, and tax cuts introduced
to cushion countries’ economies from the downturn.
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Luxembourg Adopts 'Crisis Tax' 12/10/2010 Luxembourg’s Chamber of Deputies has recently voted to adopt bill number
6166 providing for the introduction of tax measures pertaining to the financial
and economic crisis.
|
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Revised Swiss, Luxembourg DTA In Force 12/2/2010 The Swiss Federal Administration has announced that the additional agreement amending
the bilateral double taxation agreement in place between Switzerland and
Luxembourg has now entered into force.
|
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French Senate Adopts 'Google Tax' 11/25/2010 The French Senate has voted in favour of an amendment introducing a 1% tax on
the purchase of online advertising space, within the framework of its examination
of the country’s 2011 finance bill.
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Luxembourg Opens HK Funds Office 11/15/2010 In the presence of Hong Kong’s Secretary for Financial Services and the
Treasury, Professor K C Chan, and Luxembourg’s Minister of Finance, Luc
Frieden, the Association of the Luxembourg Fund Industry has opened a permanent
representative office in Hong Kong.
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HK, Luxembourg Sign TIEA Protocol 11/12/2010 Hong Kong’s Secretary for Financial Services and the Treasury, Professor
K C Chan, and Luxembourg’s Minister of Finance, Luc Frieden, have signed
a protocol to the existing double taxation agreement between Hong Kong and
Luxembourg.
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Liechtenstein, Austria Hold Key Tax Talks 11/2/2010 Liechtenstein’s Prime Minister and Finance Minister Klaus Tschütscher
and Austria’s Vice Chancellor and Finance Minister Josef Pröll met
recently in Vienna to hold an open exchange of views on fiscal and financial
policy issues and to discuss negotiations on the revision of the bilateral double
taxation agreement in place between the two countries.
|
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Vodafone Hits Back At Tax Protesters 11/2/2010 UK mobile phone company Vodafone has dismissed suggestions that it avoided billions of pounds in tax relating to its takeover of German telecoms company Mannesman in 2000.
|
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Panama Signs European Tax Agreements 10/13/2010 The vice-president and minister of foreign affairs of the Republic of Panama, Juan Carlos Varela, has visited Luxembourg, the Netherlands and Spain to sign double taxation agreements.
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Luxembourg Presents Health Care Reform Bill 10/7/2010 Luxembourg’s Minister for Health and Social Security Mars Di Bartolomeo
has outlined the key financial and structural measures contained in the government’s
health care reform bill, which provides crucially for an increase in contributions.
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Panama, Qatar Sign Double Taxation Treaty 10/4/2010 The president of Panama, Ricardo Martinelli Berrocal, accompanied by the vice-president, Juan Carlos Varela, met with the Emir of Qatar, Sheikh Hamad Bin Khalifa Al-Thani, at the United Nations Building in New York to sign a double taxation treaty between Panama and Qatar.
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Luxembourg, Switzerland Hold Tax Talks 9/20/2010 During a recent visit to Switzerland, Luxembourg’s Prime Minister Jean-Claude
Juncker met with Swiss President Doris Leuthard and with Swiss Federal Councillor
Hans-Rudolf Merz, head of the Federal Department of Finance, with the
talks focusing on bilateral relations, economic, financial and fiscal issues
as well as on the European policy of both countries.
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Luxembourg, Portugal Sign Revised DTA 9/14/2010 During a recent visit to Portugal, Luxembourg’s Foreign Minister Jean Asselborn
and his Portuguese counterpart Luis Amado signed a protocol amending the existing
double taxation agreement in place between the two countries.
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Panama Expands Tax Agreement Network 9/8/2010 Panamanian Vice President and Foreign Minister Juan Carlos Varela has flown to Europe to sign double taxation treaties with Portugal, Italy, Spain, France, and Luxembourg.
|
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Uruguay Stays On OECD Grey List 8/24/2010 Uruguay has reached agreement with India on an information exchange agreement, but for the present will stay on the grey list of the Organisation for Economic Co-operation and Development, since seven of its 12 agreements, including the one with India, still await signature.
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Luxembourg's Juncker Presents Economic Assessment 8/10/2010 Luxembourg’s Prime Minister Jean-Claude Juncker has recently presented
an assessment of the government’s work to boost the country's economy, while also unveiling details of the key projects and priorities for
2010/2011, including preparation of the 2011 budget bill and pension reform.
|
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Luxembourg Approves UCITS IV Bill 8/5/2010 The Luxembourg government has recently approved the draft bill transposing the
latest UCITS directives into national law.
|
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Luxembourg Publishes Anti-Crisis Bill 8/3/2010 Luxembourg’s finance ministry has published the bill introducing tax measures
relating to the financial and economic crisis, designed to balance the public
finances.
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Sterling Bond Fund Transferred To Guernsey 7/26/2010 The management of an award-winning sterling bond fund has been transferred
to LCF Edmond de Rothschild Asset Management in Guernsey, the promotional agency
for the island’s financial services industry, Guernsey Finance said on
July 21.
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