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Monti Defends Italian Tax Collectors 5/18/2012 In his remarks during a meeting with the management of the Italian Revenue Agency
and Equitalia (which collects the country’s taxes), the Italian Prime Minister
Mario Monti emphasized that it had to be recognized that the payment of their
taxes was everybody’s duty, before it could be possible to reduce the overall
tax burden.
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Monti Produces Future Italian Fiscal Framework 4/18/2012 The government has agreed the draft of a law, to be subsequently approved by parliament,
which would provide the framework for tax reform in Italy, but which, in fact,
is more notable for what is does not, rather than for what it does, contain.
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Indian FinMin To Meet With Jewellers Over Tax Row 4/5/2012 India's Finance Ministry is to meet with representatives of the jewellery manufacturing industry following a row over a new excise duty.
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Italy Boasts New Weapon In War On Evasion 3/22/2012 The Italian Revenue Agency’s Director, Attilio
Befera, has announced that its new, revamped ‘redditometro’ –
the computer data system which compares taxpayers’ income declarations with
their spending habits – is now expected to be fully operational by June
this year.
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French Union Seeks Tax Justice For Artisans 3/7/2012 The French professional union of artisans has recently criticized the
lack of provision in the government’s 2012 collective bill for a reduction
in employers’ social contributions for independent workers in France,
in return for the planned 1.6% rise in the 19.6% standard rate of value-added
tax from October 1.
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UK Tax Amnesty Targets Electricians 2/15/2012 HM Revenue and Customs has unveiled its newest tax amnesty scheme, offering electricians the opportunity to pay the taxes they owe with lower penalties.
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UK Offers Online Seminars To Taxpayers 2/14/2012 The UK tax authority HM Revenue and Customs has launched a 'webinar' programme, offering online tax help to businesses and the self-employed.
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Sarkozy's Presidential Rival Outlines Fiscal Pledges 2/2/2012 French Socialist candidate for the Elysée, François Hollande,
has recently unveiled details of his presidential election programme, containing
a raft of fiscal measures, designed to stimulate the economy, to support small- and medium-sized companies in France, and to
reduce the public deficit to 3% of gross domestic product in 2013.
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French SME Body Welcomes 'Social VAT' 1/10/2012 Underlining the need to reduce the cost of labour in France and to widen the base
for financing welfare, the French industry body representing small- and medium-sized
companies, CGPME, has called for a rise in value-added tax and for
a rise in the general social contribution in return for lower employer contributions.
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Algeria Finance Law Supports Entrepreneurs 8/19/2011 Algeria’s 2011 supplementary finance law, containing a raft of tax measures designed to support employment and to boost the creation of small businesses, has now been published in the country’s official journal.
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Italian Business Against VAT Rate Hikes 7/6/2011 Ivan Malavasi, the new president of Rete Imprese Italia, which is formed of five
associations representing artisans, traders, the tourist sector and other services
in Italy, has stressed that the government’s proposed tax reforms should
not be realized by penalizing consumer spending.
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Italian Small Business Against Any VAT Increase 6/24/2011 During his address to the 2011 general assembly of Confcommercio, the federation
representing Italian small and medium-sized enterprises, professionals and sole
traders, its President Carlo Sangalli agreed that tax reform was necessary as
soon as possible, but not if it involved the raising of the rate of value-added
tax.
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Greece Agrees Further Fiscal Measures 6/27/2011 Following fraught, intensive talks in Brussels, the Greek government announced
that the terms of a fresh EUR120bn bailout agreement had been negotiated between
Athens and international lenders, which include further tax rises and cuts in government
spending.
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Tremonti Looks To Simplify Italy's Income Tax 6/17/2011 While confirming that future Italian tax reforms could not be allowed to affect
the government’s commitment to reducing the country’s fiscal deficit,
Giulio Tremonti, the Minister of the Economy, has now envisaged a future system
with only five taxes and three rates of income tax.
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Italian Business Calls Again For Tax Reform 3/2/2011 Carlo Sangalli, the president of Confcommercio, and Emma Marcegaglia, the president
of Confindustria, have both made further calls for the Italian government to produce immediately its plans for tax reforms.
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Italian Revenue Establishes Business Task Force 2/3/2011 Following a recent meeting between the Italian Revenue Agency and Rete Imprese
Italia, formed by five associations representing artisans, traders, the tourist
sector and other services in Italy, it was agreed to establish a task force to
examine tax simplification measures.
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Romanian Tax Man Given The Hex 1/7/2011 As the Romanian government casts the net wider in an attempt to boost tax revenue, the country's witches are busy casting spells on senior government ministers and President Basescu, cursing them for formalizing their 'profession.'
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Italy's Lower House Approves Tax Reform Motion 12/28/2010 At the end of the parliamentary session and with the help of votes across all
parties, the Italian Democratic Party, at the instigation of its National
Secretary, Pier Luigi Bersani, was able to pass a motion through the lower house
which committed the government to tax reform.
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Italian Financial Advisers Publish Tax Reform Proposals 11/29/2010 In a document delineating its platform for participating in the government’s
present work seminars on tax reform, the Italian national council of tax and financial advisors has proposed that the tax taken from the various sectors
of the economy should be made more equitable.
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IMF Urges French Fiscal Consolidation 8/2/2010 In its Article IV consultation with France, the International Monetary Fund approved of the fiscal stimulus given in 2009-10 with a special mention of the abolition of the local business tax. However with sharply increased public debt, it thought the focus should now be on a significant and credible fiscal consolidation.
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Italian Fiscal Decentralization Finds Support 4/22/2010 CGIA, an Italian association of artisans and small businesses, has produced statistics
showing the high proportion of taxation concentrated in central, rather than local,
government in Italy, which is said to have an effect on the low level of tax compliance
in the country.
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Bangladesh To Tackle Grey Economy 2/22/2010 Speaking in Dhaka, Bangledeshi Finance Minister, Abul Maal Abdul Muhith announced that in an effort to increase the country’s tax-take, efforts to increase compliance would have to be redoubled, with efforts channeled in particular towards encouraging businesses to declare and remit Value-Added Tax.
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