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CBI Urges Corporate Tax Powers For Northern Ireland 5/24/2012 A lower corporation tax rate would give Northern Ireland's economy a 'shot in the arm', the head of the Confederation of British Industry Northern Ireland has said, calling for power to set the rate to be devolved.
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Norway Updates 2012 Budget 5/23/2012 The Norwegian finance ministry has recently published details of the country’s revised 2012 fiscal budget, in which the government emphasizes the need for fiscal constraint.
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UK Fiscal Plan Under IMF Microscope 5/23/2012 The International Monetary Fund in its latest Article IV consultation with the United Kingdom has acknowledged that a slower pace of fiscal consolidation is appropriate in light of the risks to the nation's economic outlook, but says that revenue-neutral reforms can be undertaken to improve growth prospects.
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South Africa, Ireland Ink Film Tax Break Agreement 5/22/2012 On May 20, 2012, the South African Minister of the Department of Arts and Culture
Paul Mashatile and his Irish counterpart Jimmy Deenihan signed a co-production
treaty that will provide access for filmmakers to opportunities and tax breaks
in both countries.
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Slovakian Lawmakers Back Fico's Austerity Programme 5/21/2012 Following weeks of debate, the Slovakian parliament has finally adopted by 82
votes to 53 the government’s austerity programme, designed to reduce the
budget deficit from 4.8% currently to below 3% of gross domestic product in 2013, and containing plans to increase taxes on the rich and on banks as well
as providing for savings of around EUR1.5bn (USD1.9bn).
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Ireland Will Not Budge On Corporate Tax Rate 5/21/2012 Hiking Ireland’s corporation tax rate is not in the country’s interests, Prime Minister Enda Kenny has said, a sentiment backed up by his deputy and Finance Minister, who have also stressed that Ireland remains firm in its position on the tax.
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Boehner Warns Of Looming 'Fiscal Cliff' 5/18/2012 With the prospect of a further stand-off between the Democrat and Republican parties
later this year over the United States government statutory debt limit, House
of Representatives Speaker John Boehner has returned to his mantra
of spending cuts with no tax increases.
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St Lucia Eyes Income Tax Cuts, After VAT Implementation 5/16/2012 The government of Saint Lucia has outlined new tax measures in its
latest Budget to shift the tax burden from
direct to indirect taxes.
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Democrats Introduce In-Sourcing Bill Into US Congress 5/15/2012 Democrats in the Senate and House of Representatives have introduced into the
United States Congress the main tax measure out of President Barack Obama’s
recently-announced “To Do List”, to provide a tax credit for companies
over the cost of moving operations back to the country.
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China Plugs Its Tax Help For SMEs 5/14/2012 China’s Minister of Finance Xie Xuren, at a seminar, has emphasized the
support that should be given by pro-active fiscal policies to the development
of small and medium-sized enterprises in the country.
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Ireland Mulls New Tax Regime For Oil And Gas 5/14/2012 The Joint Committee on Communications, Natural Resources and Agriculture of the Irish parliament has recommended a new fiscal licensing regime and greater public consultation on offshore oil and gas exploration in a new report.
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Hungary To Abolish Bank Tax 5/11/2012 The Hungarian government has announced plans to halve the country’s bank
tax in 2013, before subsequently abolishing the levy in 2014.
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Spain 'Confident' 2012 Budget Plans Will Spark Growth 5/10/2012 Spain’s Secretary of State responsible for Budget and Expenditure Marta
Fernandez Curraz has recently defended the country’s budgets for 2012, insisting
that they are based on discipline and fiscal consolidation, to enable the government
to confidently overcome the crisis.
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Australian Budget Scraps Planned Business Tax Cuts 5/10/2012 A planned cut to business tax rates will not go ahead in Australia, as the government seeks to redirect projected mining tax revenue to help families and small businesses in the face of ongoing disputes with opposition parties.
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Obama Presents Tax 'To Do List' To Congress 5/10/2012 President Barack Obama has used remarks at the State University of New York in
Albany to present a ‘To Do List’ of tax measures that, in his opinion,
the United States Congress should pass to increase employment and economic growth.
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US Lawmakers Question GSA 'Kickback' Policy 5/9/2012 The House of Representatives Ways and Means Subcommittee on Oversight Chairman,
Charles Boustany, has sent a letter to 15 departments and two agencies
across the United States government seeking information about the potential ‘abuse’
of the energy efficient commercial buildings deduction.
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India To Defer GAAR Implementation 5/9/2012 India’s Finance Ministry is to push back the implementation of its controversial general anti-avoidance rule for a year and will amend some of its key provisions.
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France Begins Examination Of Hollande's Election Tax Package 5/8/2012 Following the upcoming legislative elections in June, French lawmakers are to
convene during an extraordinary session in July to examine a bill containing the
fiscal pledges outlined by President-elect François Hollande during his
election campaign, expected to increase the fiscal burden on households in France
to the tune of around EUR14bn (USD18.26bn).
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China Introduces CorporateTax Breaks For IT 5/7/2012 To encourage innovation in information technology and industrial technical
upgrading, China’s State Administration of Taxation
has announced preferential corporate income taxes for producers of software and
integrated circuits.
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Hollande, Sarkozy Go Head-To-Head On Tax 5/7/2012 During a long, bitter televised debate, aimed at attracting wavering voters ahead
of Sarkozy's defeat on May 6, and punctuated by attack and counter attack, outgoing French President
Nicolas Sarkozy and new Socialist President François
Hollande went head-to-head on key election battleground issues including taxation
in France and the crisis in Europe.
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IoM Welcomes CBI Endorsement 5/4/2012 The Isle of Man's Treasury Minister, Eddie Teare has welcomed further recognition
of the role being played by competitive tax jurisdictions in supporting economic
growth, in particular in the United Kingdom.
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NZ Parliament Passes International Tax Amendments 5/4/2012 The Taxation (International Investment and Remedial Matters) Bill, introduced
in October 2010 to reform taxation on the gains of New Zealand residents from their investments in overseas entities, has passed its final stages in Parliament.
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Spanish U-Turn Sees VAT Rise In 2013 5/4/2012 Marking a dramatic about-turn, the Spanish government has confirmed plans to introduce
a ‘notable’ rise in value-added tax and to increase special taxes imposed on alcohol and tobacco next year.
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Hong Kong Will Not Change Depreciation Rules 5/3/2012 In reply to a question in the Legislative Council, Hong Kong’s Secretary
for Commerce and Economic Development, Gregory So, said that the government could
not permit Hong Kong enterprises with import processing subsidiaries in Mainland
China to submit claims for depreciation for machinery used there.
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Uganda Advised To Widen Tax Base 5/2/2012 During a speech to an African Tax Administration Forum workshop in Kampala,
the European Head of Mission Roberto Ridolfi has remarked that Uganda’s
tax base needs to be widened urgently in order to increase the government’s
revenues.
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Chile Announces Tax Reform Plan 5/2/2012 Chilean Finance Minister, Felipe Larrain has confirmed a package of measures that
aims to improve income distribution, and fund education reforms, whilst maintaining
Chile's competitiveness. This is to include the elimination of import duties from 2015, setting the nation apart from the rest of Latin America.
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Bahrain Urged To Explore Long-Term Tax Reform 5/1/2012 Bahrain should look to introduce a corporate income tax or value-added tax to
stabilize the country's finances, the International Monetary Fund has said.
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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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Further Attacks Launched On Italian Tax Evaders 5/1/2012 Following an announcement by the Italian financial police, Guardia di Finanza, that it has already uncovered substantial amounts of undeclared income in the first four months of 2012, the Italian Revenue Agency launched countrywide anti-evasion checks during the May Day holidays.
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Hong Kong Gazettes Budget Measures 4/30/2012 The Inland Revenue (Amendment) Bill 2012, which aims to implement the concessionary
revenue measures proposed in the 2012-13 Budget, has been gazetted in Hong Kong.
|
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Canada Legislates For Measures To Boost Business 4/30/2012 Canadian Finance Minister Jim Flaherty has introduced legislation to implement key elements of his 2012 Budget designed to improve conditions for business investment.
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Hong Kong Signs DTA With Malaysia 4/27/2012 On April 25, in Kuala Lumpur, Hong Kong’s Financial Secretary, John C Tsang,
and the Malaysian Minister of Finance, Ahmad Husni Hanadzlah, signed a comprehensive
double taxation agreement between Hong Kong and Malaysia.
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CRA Reduces Burden On Tax Exempt Businesses 4/27/2012 Refunds and rebates will not be withheld from tax exempt corporations when they have outstanding tax returns, under rules set out by the Canada Revenue Agency.
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Low Tax Receipts Hike UK Borrowing Figures 4/27/2012 Weak tax receipts helped push up UK public sector borrowing in March, with large corporate tax repayments and no increase in value-added-tax receipts among the factors to blame.
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Austria's Tax Revenues Rise 4/26/2012 The Austrian finance ministry has recently published details of its tax revenue
figures for the first quarter of the year, showing total income from January to
March 2012 of around EUR16.2bn (USD21.4bn), up by approximately EUR600m or 3.8% from the first
quarter of 2011.
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Finland Adopts Stability Programmes 4/27/2012 The Finish government has recently announced that it has approved both the
Stability and Europe 2020 National Programmes, designed to track medium-term
economic development, and to enable the country to meet its European fiscal
targets.
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Greek Conservatives Pledge Sweeping Tax Cuts 4/27/2012 Unveiling details of his economic programme in Athens recently, ahead of the May
6 elections, Greece’s New Democracy conservative leader Antonis Samaras
pledged to reduce taxes and to increase spending on low pensions, while at the
same time ensuring that the ambitious deficit reduction targets agreed with international
moneylenders are met.
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China Confirms Slowdown In Tax Revenue Growth 4/26/2012 The Ministry of Finance has announced final figures showing that China's tax revenues
increased substantially by 10.3% in the first quarter of 2012, much less than
the increase of 32.4% experienced in the first quarter of last year, and the slowest
growth rate in three years.
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EU Parliament Backs Mandatory CCCTB 4/26/2012 The European Parliament has voted in favour of making mandatory the implementation of a Common Consolidated Corporate Tax Base among European Union member states despite sustained opposition from some nations.
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France Publishes Revised 2012 'Black List' 4/26/2012 French Finance Minister François Baroin and Budget Minister Valérie
Pécresse have recently updated the country’s ‘black
list’ of countries deemed to be ‘uncooperative’ in tax matters.
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Italian Government Urged To Reduce Tax Burden 4/25/2012 While the Italian government has stressed that there will be no need for new taxes
in a further budget this year, the Court of Auditors and the Bank of Italy, in
their testimony to the Chamber of Deputies on the recently-issued 2012 Economic
and Financial Document, have emphasized, instead, that tax burdens have to be
reduced as soon as possible.
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Australia To Grant Tax Relief To Superfund Managers 4/26/2012 A new temporary relief will enable Australian superfunds to merge without facing a tax hit, thanks to new legislation intended to support superannuation reforms.
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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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Spain Defends 2012 Austerity Measures 4/23/2012 During a recent address to congress to present and explain the government’s
2012 budget, Spain’s Secretary of State for Finance Miguel Ferre underscored
that the tax measures provided for in the budget plans will enable the country
to achieve its fiscal consolidation targets.
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India Reassures US On Retrospective Tax Plans 4/24/2012 India's Finance Minister Shri Pranab Mukherjee has defended plans for retrospective tax legislation, telling the US Secretary of the Treasury that the proposals merely clarify the intent of current laws.
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EU Tax Issue With Guernsey's Tax Regime 4/23/2012 Guernsey's zero-ten corporate tax regime has been confirmed as 'harmful' by the
European Union's Code of Conduct Group on Business Taxation. The Code Group had previously ruled similarly in relation to the zero-10
regimes of both Jersey and the Isle of Man.
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Vodafone Challenges Indian Tax Law 4/23/2012 The ongoing tax dispute between India and Vodafone has erupted again, with the telecoms company now serving a Notice of Dispute against the government's controversial new retrospective tax legislation.
|
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South Africa Pushing For Tax Compliance By HNWIs 4/20/2012 In reply to a question in the National Assembly, South Africa’s Finance
Minister Pravin Gordhan confirmed that the South African Revenue Service has taken steps to improve income tax compliance among high net worth individuals
(HNWIs).
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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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Algeria Eyes Changes To Tax On Foreign Oil Companies 4/17/2012 Determined to secure new exploration projects and to meet the country’s
natural gas export targets over the coming years, Algeria’s Energy Minister
Youcef Yousfi has recently announced details of plans to modify the current provisions
pertaining to the taxation of the projects of foreign oil companies.
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Hong Kong, Indonesia DTA Comes Into Force 4/17/2012 It has been announced that the agreement for the avoidance of double taxation, signed between Hong Kong and Indonesia on March 23, 2010, came into force
on March 28 this year, after the completion of ratification procedures on both
sides.
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Study Sresses Tax Contribution Of US Auto Industry 4/17/2012 A study from the Center for Automotive Research has highlighted the 'significant' contribution that the auto industry now provides to state and federal tax revenues, as
it makes a recovery from the recent economic recession.
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Hong Kong, Spain DTA Enters Into Force 4/16/2012 The agreement for the avoidance of double taxation, signed between Hong
Kong and Spain on April 1 last year, came into force on April 13, after the completion
of ratification procedures on both sides.
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Australia Examines Tax Treatment Of Losses 4/17/2012 Australian Treasurer and Deputy Prime Minister Wayne Swan has released the final report of the independent Business Tax Working Group on the tax treatment of corporate losses, which recommends further examination of proposals to introduce loss carrybacks in Australia.
|
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Sarkozy Outlines Ambitious Campaign Tax Plans 4/13/2012 France’s outgoing President Nicolas Sarkozy has recently unveiled details
of his election proposals aimed at creating ‘a strong France’, and
containing a raft of tax measures, intended to attract voters.
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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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Costa Rica Introduces New Corporate Tax 4/10/2012 Costa Rica has introduced a new annual tax on all corporate structures, pegged
to average public sector salaries.
|
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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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Hong Kong-Japan DTA Comes Into Effect 4/6/2012 The governments of Japan and Hong Kong have exchanged notes and agreed that the
double taxation agreement between the two countries entered into force on
April 1, 2012.
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Irish Tax Revenue On The Up 4/6/2012 Irish tax revenues were 10.2% ahead of target in March, an improvement caused by later than expected corporate tax collections and the technical reclassification of some income tax receipts.
|
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IoM To Simplify Company Residency Regime 4/5/2012 The Isle of Man government has launched a consultation on a proposed legislative
change that would simplify the income tax position for companies with dual residence.
|
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Philippines Targets Over USD930m From 100 Tax Cases 4/4/2012 At a press briefing at the Department of Justice, the Philippines’
Bureau of Internal Revenue confirmed that it has now filed a total of 100
cases under its Run After Tax Evaders scheme since the start of President Benigno
Aquino’s government.
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Ontario's Finance Minister Unveils 2012 Budget 4/3/2012 Ontario will not lower its corporate tax rate until the budget is balanced, the province's Finance Minister has said.
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French Research Credit Key For Foreign Investors 4/3/2012 A recent report on 2011 foreign investment in France, published by the French agency for international investment, has shown that France remains an attractive destination for foreign investors, mainly attributable to the availability of the popular consolidated research tax credit.
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Singapore Eases Small Business Tax Compliance 4/3/2012 At the annual Budget Seminar organized by the Tax Academy of Singapore, Moses
Lee, the Commissioner of Inland Revenue, has disclosed that the Inland Revenue
Authority of Singapore is to introduce a further simplification of tax
filing for small companies.
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Hong Kong Issues 2011-12 Tax Returns 4/4/2012 On April 2, Hong Kong’s Inland Revenue Department issued about 170,000
profits tax returns, 120,000 property tax returns and 220,000 employer's returns
for the year of assessment 2011/12, and about 2.16m tax returns for individuals
will be issued on May 2.
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Gordhan Reviews South African Tax Season 4/3/2012 South Africa’s Minister of Finance, Pravin Gordhan, has disclosed the preliminary
tax collection results of the South African Revenue Service for the 2011/12
fiscal year, and introduced its new five-year Compliance Programme.
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US Now Has OECD's Highest Corporate Tax Rate 4/3/2012 On April 1, the long-awaited day arrived when, following a marginal net corporate
tax reduction by Japan, it could be said that the United States has the highest
corporate tax rate amongst the countries in the Organization for Economic Co-operation and Development.
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Spain Unveils Tough Austerity Budget 4/3/2012 The Spanish government of Mariano Rajoy has recently unveiled details of Spain’s
2012 austerity budget, the toughest in recent history, providing for savings totalling
around EUR27.3bn (USD36bn), and including the EUR15bn in tax rises and expenditure
cuts announced back in December.
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CGT A Top Priority For Taiwan's Tax Panel 4/2/2012 Christina Liu, Taiwan’s Minister of Finance has disclosed that the government’s
tax committee has, as one of its top priorities, the proposal for a capital gains
tax on stock exchange profits.
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UK Legislates For Budget Tax Measures 4/2/2012 The UK government has published Finance Bill 2012, which legislates for tax measures included in both the 2012 and 2011 Budgets.
|
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No New Taxes In Budget For Canadians 3/30/2012 The Canadian government has left tax rates on hold for another year in the 2012 Budget, announced by Finance Minister Jim Flaherty on March 29.
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Hong Kong Begins Islamic Bond Tax Consultation 3/30/2012 The Financial Services and the Treasury Bureau has launched a two-month consultation
on the proposed amendments to the Inland Revenue Ordinance and Stamp Duty Ordinance
to promote the development of an Islamic bond, or 'sukuk', market in
Hong Kong.
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OECD Forum To Simplify Transfer Pricing Rules 3/30/2012 Meeting at the first Organization for Economic Cooperation and Development Global Forum on Transfer Pricing, tax officials from
90 countries agreed on the need to simplify transfer pricing rules, strengthen
the guidelines on intangible issues and improve the efficiency of dispute resolution.
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US Senate Examines Renewable Energy Tax Incentives 3/30/2012 The Subcommittee on Energy, Natural Resources and Infrastructure of the Senate
Committee on Finance has held a hearing on how the recent and pending expirations
of key tax incentives affect the deployment of renewable energy facilities and
energy efficiency measures in the United States.
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Slovakia's Fico Eyes End To Popular Flat Tax 3/30/2012 Tasked by Slovak President Ivan Gasparovic with the role of forming a new government,
Slovakia’s recent election victor Robert Fico has announced plans to abolish
the country’s flat tax and to reintroduce a progressive system of taxation.
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Thailand Boosts Tax Incentives For Flood-Hit Companies 3/29/2012 In addition to other emergency measures to help companies and entrepreneurs affected
by Thailand’s recent floods, the Board of Investment will provide
further corporate income tax exemptions for businesses in the badly-affected Pathum
Thani and Ayutthaya provinces.
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US Senate Bill To Repeal 'Big Oil' Tax Breaks 3/29/2012 The Democrat-led United States Senate has voted to allow a debate on the Repeal
Big Oil Tax Subsidies Act, which would end certain tax breaks for the largest
oil companies, and use the tax saved to extend, for one year, expiring energy
tax provisions and reduce the country’s fiscal deficit.
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Sweden Urged To Amend 'Discriminatory' Pensions Taxation 3/26/2012 The European Commission has officially asked Sweden to amend its tax rules
on pension funds because they are said to discriminate against non-resident pension funds compared to domestic
pension funds when it comes to taxing dividends distributed in Sweden.
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BC Panel Seeking Views On Business Taxation 3/26/2012 British Columbia’s Expert Panel on Business Taxation is seeking submissions to inform its work on business tax competitiveness.
|
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UK Budget Delivers Tax Cuts 3/23/2012 George Osborne has delivered a Budget that ‘unashamedly backs business’, slashing the top rate of personal income tax and accelerating corporate tax cuts.
|
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Cantor Proposes US Small Business Tax Cut 3/23/2012 The United States House of Representatives Majority Leader Eric Cantor has introduced the Small Business Tax Cut Act of 2012, aimed at helping small
businesses to grow and to hire new workers.
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GOP Budget Provides US Tax Cuts 3/22/2012 The Republican Party’s 2013 budget, proposed by the House of Representatives
Budget Paul Ryan (R – Wisconsin), which reduces government spending to curb
its fiscal deficit and debt levels, also includes the framework for a revenue-neutral
reform of the United States tax code.
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Switzerland, EU Discuss Tax 3/22/2012 Swiss President Eveline Widmer-Schlumpf and Federal Councillor Burkhalter have
recently met with top European Union representatives within the scope of a working
visit in Brussels, with the discussions focussing on current developments in
bilateral relations and in particular on strengthening cooperation in the area
of taxation.
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South Africa Tightens Share Anti-Avoidance Provisions 3/19/2012 Within the recently-issued Taxation Laws Amendment Bill, which legislates for
the measures introduced in South Africa’s 2012-13 Budget, it has been disclosed
that technical corrections have been made to the third-party-backed preference
share anti-avoidance provisions.
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Chile Looks To Raise Corporate Tax 3/16/2012 Chile is to make permanent next year the 20% corporate income tax rate which was temporarily imposed last year but reduced to 18.5% this year,
as part of a comprehensive tax reform package, due to be outlined in April.
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Sarkozy Relaunches Debate On 'Google Tax' 3/16/2012 Within the framework of his electoral campaign, French President Nicolas Sarkzoy
has recently re-launched the idea of imposing a tax on Internet giants, such as
Google.
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Irish Revenue Issues Corporate Tax Filing Reminder 3/15/2012 The Irish Revenue has issued compliance reminder letters to those who have failed to file their corporate tax returns.
|
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Philippines Delays Hike In Mining Taxes 3/13/2012 Following concerted opposition from within the sector, the proposed executive
order to increase the Philippine government’s revenues from mining contracts,
which was to have been issued by President Benigno Aquino last month, has been
delayed.
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Sarkozy, Hollande Lock Horns On Taxation 3/14/2012 With just a month and a half to go before the start of the elections, French presidential
candidates Nicolas Sarkozy and his Socialist rival François Holland have
once again crossed swords on the key battleground issue of taxation.
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US Lawmakers Mull Small Business Tax Reforms 3/13/2012 The House of Representatives Committee on Ways and Means has held a hearing to
examine how the United States tax code affects closely-held businesses, and how and under which sets of rules
such firms should be taxed within any future tax reform.
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Sarkozy's 'Minimum Tax' To Hit 100 French Companies 3/13/2012 Around a hundred large groups would be affected by French President Nicolas
Sarkozy’s latest plans to introduce a minimum tax on the profits of large
international companies, according to his campaign spokesman and
former Ecology Minister Nathalie Kosciusko-Morizet.
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New Zealand Tax Revenues Below Target 3/12/2012 New Zealand's lower than forecast tax revenue reinforces the need for the government to responsibly manage its spending, Finance Minister Bill English has said.
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Sarkozy Seeks Minimum Tax For CAC 40 Groups 3/12/2012 Determined to refute claims by the left-wing opposition that he is ‘the
president of the rich’, in the run up to the presidential elections, French
President Nicolas Sarkozy has recently put forward the idea, if elected, of introducing
a minimum tax on the profits of large ‘international’ companies listed
in the CAC 40, the French stock index.
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Big Business Presses For US Tax Cut 3/12/2012 The Business Roundtable, an association of chief executive officers of leading
United States companies with over USD6 trillion in annual revenues and more than
14m employees, who met recently with President Obama to discuss jobs and growth,
have produced their plan for corporate tax reform.
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Irish Tax Revenues Ahead Of Target 3/8/2012 Irish tax revenues rose considerably in January and February, largely due to delayed corporation tax receipts and the technical reclassification of some income tax revenue.
|
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UK Panel Recommends Small Business Tax Reforms 3/8/2012 Practical changes to the UK's tax system will help ease the burdens imposed on small businesses, the Office of Tax Simplification has said.
|
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HMRC Responds To Transparency Concerns 3/5/2012 The UK tax authority HM Revenue and Customs claims that new governance arrangements will bring greater transparency, scrutiny and accountability to significant tax disputes.
|
 |
Canada's Tax Revenues On The Up 3/1/2012 Canadian tax revenues were up 6.8% in December, with revenue from the first eight months of the fiscal year increasing by 4.2%.
|
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Barclays Responds To Tax Controversy 2/29/2012 While Barclays has confirmed that it is the bank at the centre of what HM Revenue and Customs has called two abusive tax avoidance schemes, it has stressed that it 'takes its responsibilities as a corporate citizen very seriously' and complies 'with the letter and spirit of all our obligations' under the UK banking code of conduct.
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