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Mexico, Qatar Sign DTA 5/15/2012 On May 14, 2012 in Mexico City, Mexico’s Deputy Secretary of the Treasury
and Public Credit, José Antonio González Anaya, and Qatar's Director
of Public Revenues and Taxes, Moftah Jassim Al Moftah, signed a double taxation
agreement between their two countries.
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Qatar DTA Will Boost Investment In Bermuda, Says Cox 5/11/2012 Bermuda's Premier, and Minister for Finance, Paula Cox, has stressed that the signing of a Double
Tax Agreement with Qatar will significantly strengthen the territory's ability to act as
a western hub for the Islamic financial services industry.
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IoM Concludes 30th Tax Sharing Pact, With Qatar 5/10/2012 The Isle of Man government has announced the signing of a comprehensive double
tax agreement with Qatar, only the fifth agreement of its type to be negotiated
by the Isle of Man, but the 30th agreement to include tax information exchange
provisions.
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OECD Issues New Peer Reviews 4/5/2012 The Organization for Economic Cooperation and Development, publishing eleven new peer reviews, has said that the vast majority of territories which have been subject to critical assessments have implemented satisfactory legislative regimes that can facilitate the exchange of information on request.
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Jersey Embarks On Major Gulf Promotional Tour 3/20/2012 The Jersey government has announced that a convention for the avoidance of double
taxation and fiscal evasion will be signed with Qatar during its current promotional
trip to the Gulf region.
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Oman Urged To Develop Non-Oil Revenue Streams 12/28/2011 The International Monetary Fund in its recent report on Oman has warned
against the government's dependence on oil revenues to sustain its high spending, despite positive fiscal performance
presently.
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Singapore's TIE Protocols With Mexico, Qatar To Enter Into Force 12/6/2011 The protocols to the existing double taxation agreements between Singapore
and both Mexico and Qatar, which incorporate the internationally-agreed Organization
for Economic Cooperation and Development standard for the exchange of information
for tax purposes, will enter into force on January 1, 2012.
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No New Taxes In 2012 For UAE 11/28/2011 A UAE Finance Ministry official has confirmed that the UAE will not impose any new taxes in 2012, with the implementation of a value-added tax across the Gulf Cooperation Council now not likely for at least two more years.
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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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Qatar Becoming A Financial Force To Be Reckoned With 9/29/2011 Qatar has kept its position of 30th place in the recently published Global Financial Centres Index, however it has risen 39 points to rank as the leading centre in the Middle East for the first time.
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Switzerland Tops WEF Competitiveness Index 9/9/2011 Switzerland tops the overall rankings in the Global Competitiveness Report for 2011-2012,
released on September 7 by the World Economic Forum.
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QFC Signs MoU With Indian Reserve Bank 8/11/2011 On August 4 the Reserve Bank of India and the Qatar Financial Centre Regulatory Authority signed a Memorandum of Understanding to promote greater co-operation and the sharing of supervisory information between the two regulators.
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Qatar Releases Captive Insurance Rules 7/7/2011 The Qatar Financial Centre Regulatory Authority has released the Captive Insurance Business Rules 2011 and Insurance Mediation Business Rules 2011.
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US Returns To Top Of World Competitiveness Rankings 5/20/2011 The Swiss business school, IMD, has announced the rankings from its 2011 World
Competitiveness Yearbook, which places the United States and Hong Kong as
the most competitive countries.
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Qatar Financial Centre Issues Captive Insurance Rulebooks 4/20/2011 The QFC Regulatory Authority has published two Consultation Papers that describe
changes to the regulatory environment for captive insurers, captive managers
and insurance intermediaries operating in and from the Qatar Financial Centre.
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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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Qatar Companies Registry Reverts To QFC Authority 4/6/2011 The Qatar Financial Centre Authority has announced that the first phase in the transition of the Companies Registration Office from the QFC Regulatory Authority to the QFC Authority has taken place.
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London Tops Financial Centres League 3/24/2011 The latest Global Financial Centres Index, produced by the Z/Yen Group,
showed that London again came out on top, followed closely by New York and Hong Kong, although
confidence amongst financial services professionals seemed to have fallen in
the past six months, as is shown by lower overall ratings.
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IMF Releases Latest Report On Qatar 3/16/2011 The International Monetary Fund has recently concluded a consultation with Qatar and the report just published shows that the Middle Eastern country has weathered the global financial crisis exceptionally well, reflecting the quick and strong policy response by the authorities.
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Belgian Business Eyes Opportunities In Qatar 2/24/2011 Officials from the Qatar Chamber of Commerce and Industry have hosted a delegation of Belgian businessmen aimed at increasing business co-operation between the two countries.
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Malaysia, Qatar Sign TIEA Protocol 2/17/2011 Malaysia’s Secretary General of the Treasury, Wan Abdul Aziz Wan Abdullah, and Qatar’s Director of Public Revenues and Taxes, Moftah Jassim Al-Moftah, have signed, in Kuala Lumpur, a protocol to their countries’ existing double taxation agreement.
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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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Lamy Urges On Doha Participants 2/7/2011 The World Trade Organization’s Director General, Pascal Lamy, as chairperson
of the Trade Negotiations Committee, urged WTO ambassadors on February 2 to
engage in bilateral and small group discussions on resolving key obstacles to
a near-global multilateral free trade agreement, through the Doha Round.
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Optimism From Qatari Businesses 1/24/2011 The Business Optimism Index for Qatar for Q1 2011, published by Dun and Bradstreet South Asia Middle East, has just been released, and reveals an optimistic outlook for the Qatari business community.
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Malaysia, GCC Move Towards FTA 1/20/2011 It has been disclosed that the framework for a free trade agreement between
Malaysia and the Gulf Cooperation Council has been completed.
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Foreign Firms Encouraged By Qatari Tax Regulations 1/20/2011 A Turkish trade mission to Doha, led by the Turkish Prime Minister Recep Tayyip Erdoğan, was encouraged to hear about the huge business potential and a favourable tax and regulatory environment in Qatar.
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Jersey Continues Overseas Marketing Drive 1/21/2011 Jersey Finance – the promotional agency for the island’s
financial services industry – has announced the appointment of Sean Costello
as Head of Business Development for the Gulf Cooperation Council region
and India.
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Qatar Financial Centre Attracts Big Names 1/14/2011 The Qatar Financial Centre Regulatory Authority authorized on January 5 US investment bank J P Morgan Chase and Co to undertake regulated activities in the Gulf Arab State, as the country looks to attract some of the world’s biggest financial names.
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Qatar and Austria Sign Tax Agreement 1/5/2011 Qatar and Austria signed an agreement on double taxation during last week's visit to Vienna of the Emir of Qatar, Shaikh Hamad Bin Khalifa Al Thani.
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Qatar Regulator And Irish Bank Sign Agreement 12/29/2010 The Qatar Financial Centre Regulatory Authority and the Central Bank of Ireland have signed a Memorandum of Understanding aimed at promoting greater co-operation between the two regulators.
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MENA Tax Reforms Explored 12/15/2010 Middle Eastern and North African governments’ implementation of new tax regimes and expansion of commercial laws relating to inward investment were the topics under discussion at the Ernst and Young MENA Tax conference held this month in London.
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Qatar Praised At Tax Seminar 12/13/2010 The general consensus at a seminar of business leaders held in Doha was that Qatar continues to be a significant player within the Gulf Cooperation Council and on the global stage.
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Middle East Easiest Place To Pay Taxes 11/25/2010 Qatar is the second easiest country in which to pay tax globally according to a report just published. All six GCC states fall within the top 14.
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Dow Jones Indexes Licensed To BFX 11/11/2010 Dow Jones Indexes has announced that the Bahrain Financial Exchange, the first multi-asset exchange in the Middle East and North Africa region, has signed a licensing agreement to issue financial products based on five regional Dow Jones index products.
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GCC Customs Revenue Sharing Agreement Near 11/10/2010 Gulf Cooperation Council countries are nearing an agreement on the terms for a
regional customs union that would establish a free trade zone within the six-party
bloc with harmonized tariffs of 5% on imported goods.
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Qatar Financial Centre Enacts New Tax Regime 10/13/2010 The Qatar Financial Centre Authority has announced the publication of regulations giving effect to the beneficial tax regime within the Qatar Financial Centre.
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Switzerland, Qatar Hold Tax Talks 10/5/2010 During a working visit to Qatar, Switzerland’s President Doris Leuthard
met with the Emir of Qatar Sheik Hamad bin Khalifa Al-Thani, with Prime Minister
Sheik Hamad bin Jassim bin Jabr Al-Thani and with Qatar’s Finance Minister
Youssef Hussein Kamal, with the talks focusing on bilateral relations, the global
financial and economic situation as well as on international matters.
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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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Global Tax Forum Issues Peer Reviews 10/4/2010 The Global Forum on Transparency and Exchange of Information for Tax Purposes has issued the first phase of peer reviews covering the legal and regulatory frameworks for transparency and exchange of tax information in Bermuda, Botswana, Cayman Islands, India, Jamaica, Monaco, Panama and Qatar.
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Jersey Ranked As Top Offshore Centre 9/24/2010 London has maintained its place as the leading financial center globally, according
to the Z/Yen biannual qualitative survey. Meanwhile, Jersey maintains its place as the top offshore financial
center.
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Switzerland Tops Competitiveness League 9/13/2010 Switzerland has claimed top spot in The Global Competitiveness Report 2010-2011,
as released by the World Economic Forum on September 9. In the rankings, the United
States has fallen two places to fourth position, overtaken by Sweden (2nd) and
Singapore (3rd), after already ceding the top place to Switzerland last year.
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GCC Customs Union Delayed Again 9/13/2010 The Gulf Cooperation Council countries have, in a recent meeting, failed to agree
on various issues holding back the establishment of a unified customs union,
discussions for which have been ongoing since 2003.
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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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Qatar Gives Boost To Captive Insurance 7/13/2010 The Qatar Finance Centre Regulatory Authority has released a Consultation Paper on a series of proposals designed to develop a base in Qatar for captives and includes related proposals for protected cell companies' and insurance intermediaries' regimes.
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Malaysia To Progress FTA With GCC 6/4/2010 Malaysia’s Deputy International Trade and Industry Minister, Datuk Mukhriz
Mahathir, has disclosed that Malaysia is to work on the framework for a free trade
agreement with the Gulf Cooperation Council.
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Malaysia And GCC Still In FTA Talks 5/3/2010 The Malaysian Ambassador to the United Arab Emirates, Datuk Yahaya Abdul Jabar,
has confirmed that Malaysia and the Gulf Cooperation Council are continuing
their negotiations for a Malaysia-GCC free trade agreement.
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GCC VAT Uncertain 4/8/2010 Countries of the Gulf Cooperation Council could have a regional value-added tax in place as early as 2012 according to an expert advising the United Arab Emirates government, although this target date is looking increasingly unlikely to be achieved with some member states making faster progress than others in preparing for the tax.
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Qatar And Bulgaria Sign DTA 3/30/2010 A convention for the avoidance of double taxation and fiscal evasion was signed
between Bulgaria and Qatar last week, during an official visit to Qatar by Bulgaria’s
Prime Minister, Boyko Borisov.
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OECD Reviews Tax Transparency 3/23/2010 18 countries participating in the Global Forum on Transparency and Exchange of Information have been included in the first phase of a peer review process.
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