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US Issues Annual IPR Country Report 5/3/2012 The Office of the United States Trade Representative has released its annual
‘Special 301 Report’ on the perceived adequacy and effectiveness of
US trading partners’ protection and enforcement of intellectual property
rights (IPR).
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Tokyo Tops Cost League For Expat Workers 12/15/2011 Tokyo remains the most expensive city in the world for international assignees as the rising value of the
yen continues to put upward pressure on the cost of living in the country, according
to a new report.
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Ecuador Improving Its Trade Relations 6/22/2011 Ecuador has participated in a series of meetings and negotiations with various jurisdictions, in an effort to strengthen its international trade relations.
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Portugal Begins New DTA Negotiations 6/21/2011 The Portuguese government is seeking to expand its tax treaty network, beginning negotiations with three new countries over the last month: Peru, Gabon and Senegal.
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Pakistan And Venezuela To Negotiate DTA 3/10/2011 Pakistan and Venezuela have agreed to hold negotiations on a treaty for the avoidance of double taxation applicable to trade, commerce and services between the two countries.
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WTO Reviews Transparency Mechanism For RTAs 2/15/2011 The World Trade Organization's Negotiating Group on Rules, on February 4, 2011, commenced its review of the WTO Transparency Mechanism for Regional Trade Agreements by considering two proposals: one from the United States for the consideration of all RTAs under a single WTO Committee; and one from Ecuador for procedural adjustments to the mechanism.
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Chavez Changes Mind On VAT Increase 1/6/2011 Venezuela’s President Hugo Chavez has disclosed that the government does
not now plan to increase the rate of the country’s value added tax,
as he had previously announced.
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Venezuela Levies Social Charge On Banks 11/16/2010 The Venezuelan National Assembly has approved a bill to change the banking service into a 'public service,' by imposing a special 5% charge on their net profits and establishing a social fund from the proceeds.
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Venezuela Mulls Tax Reform 11/11/2010 Jorge Giordani, Venezuela's Minister of Planning and Finance is seeking the National Assembly's approval for a tax reform program which reduces the government's dependence on oil revenues.
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Argentina Catches Up On Tax Agreements 11/3/2010 The head of Argentina's Federal Administration of Public Revenue, Ricardo Echegaray has announced the signing of tax information exchange agreements with Russia, Italy and France as part of its strategy to crack down on tax evasion.
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Belarus, Brazil To Sign DTA 9/17/2010 Belarus plans to sign an agreement with Brazil to avoid double taxation.
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Mercosur Agrees Customs Code 8/5/2010 After six years of difficult negotiations, the Mercosur trade bloc has reached agreement on a common customs code which is to be phased in by 2012.
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Colombia Suspends VAT 7/29/2010 A 30 day 'social emergency' has been declared in 37 Colombian municipalities that border Venezuela and the country’s 16% VAT has been suspended in these areas on specified commercial transactions, in order to mitigate economic problems arising from Venezuela's decision to sever all relations with Colombia.
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Venezuelan Bank Supervisor Prohibits 'Tax Haven' Transactions 6/21/2010 The Venezuelan Banks and Financial Institutions Supervisor (Sudeban), after consultation with the
Central Bank of Venezuela, has issued a prohibition on transactions between banks or other financial institutions, and entities located in jurisdictions with low tax regimes, where there is "inadequate financial supervision and strong bank secrecy protection".
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UAE Expands Its Tax Treaty Network 6/15/2010 The United Arab Emirates Ministry of Finance has announced the signing of conventions
for the avoidance of double taxation and fiscal evasion with Venezuela on June
8, and with the Netherlands on June 2. The country also initialed an additional
double tax agreement with Libya on June 10 in the second round of negotiations
with the country.
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UAE Signs Tax Treaty With Venezuela 6/8/2010 The United Arab Emirates has signed a double taxation
avoidance agreement with Venezuela, the first such agreement that the
UAE has reached with a Latin American country.
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Panama And Colombia Discuss FTA 2/12/2010 Negotiations on a Free Trade Agreement between Panama and Colombia began in
earnest on February 10, and Colombian President, Alvaro Uribe has expressed hope that an agreement could
be achieved in a matter of weeks.
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