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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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US Imposes Anti-Dumping Duties On Chinese Solar Cells 5/22/2012 Despite concerns that its decision may raise prices and harm the United States
alternative energy sector, the Department of Commerce has announced
a preliminary determination to impose antidumping duties on imports of crystalline
silicon photovoltaic cells, whether or not assembled into solar cells, from China.
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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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China, Colombia Initiate Free Trade Talks 5/11/2012 Colombian President Juan Manuel Santos has welcomed the conclusion of a total
of nine cooperation agreements with China during a recent official visit to Beijing, where
it was agreed that the two countries would commence discussions on the feasibility
of a bilateral free trade agreement.
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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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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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Russia Hikes Gas Tax, Rethinks Luxury Tax 5/4/2012 The Russian government has confirmed proposals to hike the tax paid by natural gas extractors, hitting both the majority state-owned Gazprom as well as private ventures.
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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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IoM Discusses Clean Tech Prospects 4/30/2012 As part of its efforts to develop the Isle of Man into a hub for clean technology
innovation, the Isle of Man government recently hosted round table discussions
to consider the significant opportunities for offshore renewable energy and associated
projects within the island's 4,000 sq km territorial waters in the Irish Sea.
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Dutch Lawmakers Unite On Austerity Budget 5/1/2012 Despite the recent collapse of Mark Rutte's minority coalition government and
ensuing panic on the already anxious markets, the Dutch parliament has finally adopted
the country’s budget package, designed to reduce the budget deficit to
3% of gross domestic product in 2013, and providing for savings of around
EUR12bn (USD15.9bn) next year.
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Canada-EU Trade Talks Entering Final Straight 4/26/2012 An ambitious Canada-European Union trade agreement will benefit businesses and workers, ministers from Canada and Denmark said after they met to discuss the ongoing negotiations.
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Russia Hints At Higher Gas Company Taxes 4/19/2012 Russian Prime Minister, and President-elect, Vladimir Putin has announced that taxation will be hiked on gas projects to more fairly distribute the 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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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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French Farmers Reap Benefits Of Fuel Tax Perk 4/11/2012 The French budget ministry has recently announced that requests for the partial reimbursement
of the taxes levied on fuel oil, off-road diesel and natural gas for 2011, applicable
to those engaged in agricultural activities, are to be submitted by April 15,
2012.
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Swiss Re Corporate Solutions Establishes Dubai Office 4/9/2012 The Dubai Financial Services Authority has granted Swiss Re Corporate Solutions
a licence to operate in the Dubai International Financial Centre.
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OECD Urges Tax Reform In Poland 4/5/2012 The Organisation for Economic Cooperation and Development has presented a report
recommending that Poland implement specific measures to improve the nation's tax regime and meet
deficit reduction targets at a faster pace.
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US Congress Agrees Short-Term Highways Funding Fix 4/3/2012 On March 30, the day before funding for the infrastructural programmes of the
United States Federal Highway Trust Fund ran out on April 1, President
Barack Obama announced that he had signed into law the Surface Transportation
Extension Act of 2012, which provides a three-month extension until June 30, 2012.
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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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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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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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Gazprom Faces Russian Tax Hike 3/27/2012 Russia is considering a 'windfall tax' on extraordinary profits due to be made by the majority
state-owned, gas extraction monopoly Gazprom to fund government spending pledges
made by Russian Prime Minister Vladimir Putin as part of his re-election manifesto.
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German Nuclear Tax Row Rumbles On In Court 3/20/2012 Germany’s Federal Fiscal Court has recently
overturned a decision by a court in Hamburg to grant temporary legal protection
to nuclear power plant operators from the coalition government’s nuclear
fuel tax.
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Philippines Will Not Cancel VAT On Oil 3/19/2012 Despite political and transport industry pressure following further increases
to the domestic price of oil products, the Philippines government has insisted
that the 12% rate of value-added tax on oil products will remain.
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China Adds Tax Incentives For 'Green' Vehicles, Ships 3/9/2012 China’s State Administration of Taxation and the Ministry of Finance
have jointly disclosed that tax rates will be cut to encourage further energy
conservation and environmental protection through the increased use of vehicles
and ships with low emissions or those utilizing green energy resources.
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Russia Lines Up Heavy Crude Export Tax Relief 3/9/2012 The Russian government is considering the introduction of a significant new tax
concession to make expensive extra-heavy crude extraction and refinement
projects more viable, to boost the nation's export capacity.
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Guernsey Considering Territory's Economic Direction 3/8/2012 The Guernsey government has welcomed the publication of a new report, commissioned to provide an overview of Guernsey's current economic profile
and recommend, on an independent basis, future strategic areas that should be
targeted to provide further economic opportunities for the territory.
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Vietnam Continues To Cut Fuel Import Taxes 3/7/2012 On March 2, with immediate effect, Vietnam’s Ministry of Finance issued
a new circular which eliminated the 5% import tax on natural gas, propane, ethylene
and other gaseous hydrocarbons.
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CII Calls On India To Cut Coal Duty 3/6/2012 The Indian government should consider a reduction in customs duty on non-coking coal, the Confederation of Indian Industry has said.
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Fuel Tax Cuts Ruled Out In France 3/2/2012 French Finance Minister François Fillon has recently ruled out the idea
of 'blocking' fuel prices, which have reached record levels in France,
and of reintroducing a 'floating' tax on fuel to curb excessive fluctuations
in the price of petroleum products.
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France Cuts Fuel Tax In Reunion 3/1/2012 The French overseas ministry has recently confirmed that fuel prices will be reduced
in the island of Réunion by 8 cents per litre from March 1 until the end
of the year, following a tax agreement reached with the French department’s
local authorities.
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Canada, China Strengthen Commercial Relationship 2/28/2012 Canada and China have made progress in negotiations toward a foreign investment promotion and protection agreement and inked a series of agreements designed to strengthen their commercial relationship.
|
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South Africa's Carbon Tax In Effect From 2013 2/27/2012 Within a white paper issued in October last year, the South African government
reviewed its climate change policy, and the Minister of Finance Pravin Gordhan
has now, in his 2012 Budget, provided the proposed design for a carbon emissions
tax.
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UK To Cash In On Falklands Oil Discovery 2/24/2012 The governments of the Falkland Islands and the United Kingdom stand to benefit
from as much as USD167bn in windfall taxes according to a new report on oil and gas deposits
thought to lie in the maritime area surrounding the Falkland Islands.
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Obama Proposes Corporate Tax Cut 2/24/2012 The United States Treasury has issued a report presenting President Barack Obama’s
revenue-neutral proposals for corporate tax reform, cutting the tax rate to 28%
from the current 35% rate, but also closing loopholes used by corporations to reduce
their tax burdens.
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Doha Destined For Crisis-Time Delay: Lamy 2/17/2012 Having failed to receive the political support needed to push forward the Doha Round agenda in 2011, the Director-General of the World Trade Organisation, Pascal Lamy has admitted talks should progress in the
'most realistic and practical way' currently possible - 'in small steps'.
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IoM Clean Tech Event Heralded A Success 2/14/2012 The Isle of Man's Department of Economic Development has welcomed the coverage
received from a recent clean-tech business breakfast where the island's offerings
were represented to an audience of over 140 clean-tech sector investors, professional
advisers and businesses.
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US Ethanol Producers Rail Against Brazilian Taxes 2/10/2012 The United States Renewable Fuels Association has written to US Trade Representative
Ron Kirk requesting government action following a decision by the Brazilian
state of Sao Paulo to introduce an ethanol import tax.
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Switzerland, EU Set For Tax Clash 2/9/2012 Switzerland’s Federal Council has recently announced the next steps for the continuation of bilateral negotiations with the European Union, including in the contentious area of taxation.
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Indonesia Targets Lower Deficit 2/8/2012 It can be expected that power prices will increase in Indonesia by around 10%
in April this year, following a proposal for a reduction in subsidies by the government
to contain its fiscal deficit.
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WTO Establishes Three Trade Dispute Panels 2/1/2012 The World Trade Organization has confirmed the creation of two panels to mediate
on cases relating to Chinese anti-dumping and countervailing duties, and a third
to examine Canadian support to local manufacturers of clean-tech products in cases
brought by the European Union and Japan.
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Tax Dispute Delays Ugandan Oil Stake Sales 2/2/2012 Tullow Oil’s sale of stakes in its Ugandan oilfields to Total of France
and the China National Offshore Oil Corporation has been further delayed by the
Ugandan government, following a dispute over tax compensation arrangements.
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Danish Presidency's Fiscal Priorities Don't Include FTT 1/27/2012 Denmark’s Economic and Interior Affairs Minister Margrethe Vestager
recently explained to the European Economic and Monetary Affairs Committee that
the key priorities for the Danish Presidency of the European Union Council of
Ministers are increasing surveillance of budgetary policies, and the economic
and fiscal surveillance of eurozone member states facing serious financial instability.
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French Court Slams Cost Of 'Grenelle' Tax Measures 1/23/2012 The French Court of Auditors has recently published details of its assessment
of the budgetary and fiscal impact of the government’s 2007 'Grenelle' project,
with its commitment to sustainable development and to protecting the environment,
four years after the project was first launched.
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EU Challenges Ontario's Green Energy Act 1/20/2012 The European Union has requested the creation of a dispute settlement panel by
the World Trade Organisation to examine Ontario's concessionary treatment
of providers of green energy products and services
that meet local content requirements under the Canadian province's Green
Energy Act.
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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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Germany's EnBW Dealt Legal Blow Over Nuclear Fuel Tax 1/17/2012 Dealing a severe blow to nuclear energy provider EnBW, a regional finance court
in the German state of Baden-Württemberg has recently ruled that there are
'no serious doubts' as to the constitutionality of the coalition government’s
controversial nuclear fuel tax law.
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China Considers Carbon Tax By 2015 1/10/2012 Following previous announcements that it would develop tax policies to conserve
energy, reduce emissions and protect the environment, it has now been disclosed
that the Chinese government is considering the introduction of a carbon tax by
2015.
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Indonesia Extends Tax Incentives 1/10/2012 The Indonesian government has issued a revised regulation that will increase the
number of sectors which will be eligible for tax allowances, particularly those
in under-invested downstream industries that would reduce the country’s
imports of finished goods.
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Malta, China Pledge To Support Economic Alliance 1/9/2012 Maltese Deputy Prime Minister Tonio Borg has lauded the dramatic increase in bilateral
economic activity with China as the two countries look to enhance their business
relationship.
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Oil Boosts Oman Budget 1/6/2012 In the first 10 months of 2011, Oman achieved a budget surplus of OMR830.1m (USD2.2bn), mostly due to higher oil prices. However, the budget is expected to dip into deficit in 2012 as oil prices soften and expenditure is forecast to increase.
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UK VAT Hike Still Squeezing The Pocket 1/4/2012 The UK's value added tax rise added 1 percent to the level of prices in 2011, the accountancy firm PwC has calculated.
|
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Record Export Year For Ireland 12/29/2011 Irish firms experienced record levels of exports in 2011 and are now using a renewed confidence to aggressively target opportunities in international markets, according to the latest figures from Enterprise Ireland.
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Barbados Seeks Prosperity Through Economic Diversification 12/29/2011 Barbados' Former Prime Minister and the nation's ambassador to China, Lloyd Erskine
Sandiford has warned the island that the days of preferential market access are
over, and Barbados must now urgently revamp its stance and actions to diversify
the economy, and in particular enhance its share of world trade.
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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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China Changes Vehicle Taxes From January 1 12/23/2011 China’s State Administration of Taxation has disclosed that a new
tax, the Vehicle and Vessel Tax, will introduce changes to the automotive sector
by encouraging energy conservation and environmental protection through the increased
use of vehicles with low emissions or those utilising green energy resources.
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Canadian Budget Measures Enacted 12/20/2011 Canadian Finance Minister Jim Flaherty has announced that several tax measures announced as part of the 2011 Budget in June have received Royal Assent.
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German Impasse On Energy Efficiency Tax Breaks 12/16/2011 A German mediation committee, comprising representatives of both the Bundestag
(lower house) and Bundesrat (upper house), has failed during its second attempt
to arrive at a consensus on government plans to introduce fiscal incentives in
Germany aimed at promoting energy efficiency improvements in the home.
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Belgium Eyes EUR550m Nuclear Tax In 2013 12/16/2011 Belgium’s Energy Minister Melchior Wathelet has recently announced that
the tax imposed by Belgium on the nuclear power industry will without doubt be
extended to 2013.
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China To Keep Import Tariffs Low In 2012 12/19/2011 The State Council has confirmed that, from January 1, 2012, China’s average
tariffs will remain at a low rate, to expand imports and meet consumer demand,
promote more balanced foreign trading relationships, and, thereby, encourage a
restructuring of the economy.
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Hong Kong Plugs Its Services For Emerging Economies 11/30/2011 Financial Secretary, John C Tsang, speaking at the recently-held 2nd
Annual Emerging Markets Conference, said that Hong Kong, so as to achieve a more
diversified business portfolio, will continue to strengthen trade and investment
co-operation with emerging economies.
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German Lower House Agrees 2012 Budget 11/29/2011 The German Bundestag, or lower house of parliament, has adopted the country’s
2012 budget bill, providing for expenditure of EUR306.2bn (USD409bn) and for expected revenues
of around EUR280.1bn, of which EUR250bn will be from taxes, resulting in net borrowing
next year of an estimated EUR26.1bn.
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US, China Conclude Joint Commerce and Trade Meeting 11/24/2011 American representatives at the 22nd session of the United States-China Joint
Commission on Commerce and Trade, held in Chengdu, China, announced meaningful
progress on key elements of the bilateral trade relationship, but also underscored
that much more work remains to be done to open China’s market to US exports
and investment.
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CBI Recommends UK Fiscal 'Plan A Plus' 11/14/2011 The UK government needs to consider enhancing current deficit reduction plans, the Confederation of British Industry has said, stressing the need for reform of the country's tax credit regime.
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Australia Passes Clean Energy Legislation 11/14/2011 On November 8, the multiple Bills comprising the Clean Energy legislative
package were passed into law by the Australian Senate, a package that will force about 500 of the country’s biggest polluters to pay
a levy of AUD23 (USD23) for each tonne of carbon dioxide they emit.
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Germany Re-Assesses Home Energy Saving Incentives 11/11/2011 Germany’s mediation committee has begun its examination of government plans
to introduce tax incentives in Germany, designed to promote energy efficiency
improvements in the home.
|
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Ireland, Russia Sign New Trade Agreement 11/11/2011 Ireland and Russia inked an agreement on a programme for trade and economic cooperation during Deputy Prime Minister Eamon Gilmore's recent trip to Moscow, allowing for a greater level of engagement between government authorities in each country.
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Belgian Executives Challenge Nuclear Tax Plans 11/3/2011 The Belgian Confederation of Executives and Managerial Staff, representing executives from Belgium’s
nuclear electricity producer Electrabel, subsidiary of French giant GDF Suez,
has opposed plans to increase the tax on the sector.
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Labuan Gives Tax Incentives For Oil And Gas Trading 11/2/2011 At the launch of the Global Incentives for Trading programme and the newly-formed
Labuan International Trading Commodity Company, the Director-General of
Labuan Financial Services Authority Encik Ahmad Hizzad Baharuddin announced
that a range of incentives have been initiated to attract oil and gas traders
to Malaysia.
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Chevron CEO Slams Obama's Proposed Energy Tax Reforms 10/24/2011 During a speech at the Peterson Institute for International Economics, John S.
Watson, Chairman and CEO of Chevron Corporation, has warned that the tax reforms
being proposed by President Obama would risk making United States energy more
scarce and expensive.
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Australian Business Urges Carbon Bill Changes 10/20/2011 The Australian Industry Group and the Business Council of Australia have written to all members of the Australian Parliament urging them to act in Australia’s long-term economic interest and amend the Clean Energy Future legislation to include essential safeguards to protect Australia’s competitiveness.
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Hungary's 2012 Budget To Phase Out 'Crisis Taxes' 10/19/2011 Hungarian Economy Minister Gyorgy Matolcsy has recently submitted to parliament
the government’s 2012 budget bill, providing for a gradual phasing out of
the crisis taxes levied on the country’s telecommunications, energy and
retail sectors since 2010.
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France Extends Deadline For Determining Local Electricity Tax 10/18/2011 The French finance ministry has announced that, in view of the exceptional
circumstances, the deadline for local authorities in France to determine the
rate of local tax to be imposed on electricity from January 1, 2012, has been
postponed.
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Tax Breaks Announced In Trinidad And Tobago Budget 10/17/2011 The government of Trinidad and Tobago has proposed to introduce a five-year temporary corporate tax rate of 10% for companies that have sought capital-market funding through an Initial Public Offering on the Trinidad and Tobago SME Market.
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South Korea To Provide Electric Car Tax Breaks 10/14/2011 South Korea’s Ministry of Knowledge Economy has stated that the government
intends to offer tax incentives for buyers of electric cars, in an attempt to
increase further the country’s market for energy-efficient motor vehicles.
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Norway Unveils 2012 Budget Proposals 10/13/2011 The Norwegian government has recently unveiled details of its 2012 fiscal budget,
designed to support a stable economy, and containing a number of fiscal measures.
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More Legal Doubts Over Germany's Nuclear Tax 10/13/2011 Following hot on the heels of a similar court ruling in Hamburg, a tax court in
Munich recently raised considerable doubts as to the constitutionality of the
German government’s nuclear fuel tax law.
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France Eyes Domestic Oil Tax Rise 10/11/2011 The French government is reportedly considering the idea of reducing the existing
tax break on domestic oil used as motor fuel by farmers, in return for lowering social contributions
in the agricultural industry.
|
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Economy-Boosting Bill Introduced In Canada 10/7/2011 As part of the ongoing Budget implementation process, the Canadian Finance Minister has introduced legislation designed to generate job creation and stimulate economic growth, with measures including a series of key new tax credits.
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IoM To Showcase Clean-Tech Sector 10/4/2011 The Isle of Man government has said that an upcoming conference and awards ceremony will showcase the Isle
of Man as a centre of excellence for research and development, innovation and financial services for Japanese clean-tech sector firms looking to expand globally.
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Brazil Cuts Fuel Tax 10/4/2011 The Brazilian government is to slash the tax imposed on the import and sale of fuel sold by the state-run fuel company Petrobras.
|
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France Unveils 2012 Budget Bill 10/3/2011 French Budget Minister and government spokesman Valérie Pécresse
and Finance Minister François Baroin have recently unveiled details of
the country’s 2012 finance bill, providing for a net increase in fiscal
revenues of 7.5% to EUR273.1bn, and, crucially, for the introduction of a temporary
‘exceptional contribution’ on top income earners in France.
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OECD Notes Fall In Patent Quality 9/28/2011 The quality of patent filings has fallen dramatically over the past two decades as patent offices are overburdened with companies' efforts to protect even minor improvements in products and services, according to the findings of a new report from the Organization
for Economic and Cooperation Development, which also describes which countries are best at facilitating innovative enterprise.
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Hamburg Court Casts Doubt On Nuclear Tax 9/27/2011 Following examination of an appeal submitted by German energy concern Eon, the tax court in Hamburg recently expressed considerable doubts as to the constitutionality of the German government’s nuclear fuel tax law.
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Australia Releases New Carbon Price Modelling 9/26/2011 The Australian government has released updated modelling of the impact of a carbon
price, which it says confirms Australia's economy will continue to grow strongly
at the same time as pollution is cut, although the estimates were dismissed as
'worthless' by the opposition Liberal Party.
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German Energy-Saving Tax Breaks In The Balance 9/26/2011 The Green party (die Grünen) recently failed in its application in
the German Bundestag, or lower house of parliament, for a mediation committee
to be convened to resolve the ongoing tax dispute between the federal government
and the federal states regarding fiscal incentives to promote energy efficiency
in the home.
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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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Belgium's 'Nuclear Tax' Contested Again 9/19/2011 Belgium’s nuclear electricity producer Electrabel has announced its decision
to submit an appeal to court, in the first instance, contesting the government’s
nuclear tax.
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Finland's 2012 Budget Shifts Taxation Focus 9/19/2011 Finland’s government has unveiled details of its 2012 budget proposal,
providing for cuts in expenditure of around EUR1.1bn (USD1.5bn), and for a raft of fiscal
measures aimed at shifting the focus in taxation away from labour and entrepreneurship,
towards environmental and health-based taxation.
|
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New Zealand Looks To Slow Down Its Emissions Trading Scheme 9/16/2011 The New Zealand Government has released the Emissions Trading Scheme Review Panel’s report, Doing New Zealand’s Fair Share, which recommends the implementation of the scheme be slowed down.
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Australian Carbon Tax Bill Introduced 9/15/2011 After months of controversy, Julia Gillard, the Australian Prime Minister, has finally introduced the carbon tax bill into parliament, which is expected to pass with the help of minority parties, despite fierce criticism of the legislation from business and the main parliamentary opposition group.
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IoM Loan Scheme To Facilitate Clean Tech Industry 9/13/2011 The Isle of Man Department of Economic Development has announced the launch
of a 0%-interest green business loan scheme, to aid growth in the cleantech industry and meet the island's commitment to reduce its carbon footprint.
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Hungary Seeks To Bridge Fiscal Gap 9/12/2011 Hungary has announced an increase in excise taxes to begin to close a HUF350bn
(USD1.68bn) gap expected to arise in the country's budget this year.
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Australian Government Slams Opposition Carbon Scheme 9/7/2011 In a critique of the opposition coalition's carbon reduction scheme, the Australian Treasury says that its proposed 'Direct Action' scheme will more than double the economic cost of reaching the bipartisan carbon pollution reduction target of 5% on 2000 levels by 2020.
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Spanish Parties Take Different Courses On Tax 9/7/2011 With elections fast approaching in Spain, the manifestos of the two
main parties have begun to emerge, with the Socialists favouring wealth taxes, and the conservative Popular Party favouring corporate tax
cuts and structural changes to the economy.
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IoM Economic Report Highlights Clean Tech Potential 9/6/2011 The Isle of Man’s thriving clean tech sector looks set for further expansion,
according to projections outlined in the latest Quarterly Economic Report to
the Isle of Man Council of Ministers.
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Lukoil Bulgaria Rejects Tax Violation 9/2/2011 The Chief Executive Officer of Lukoil Bulgaria, Valentin Zlatev has dismissed
criticism of its tax affairs by the Bulgarian tax authority, stating that it has
not infringed the country's tax regulations.
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Thailand Introduces Temporary Cut In Oil Levy 8/30/2011 On August 26, Thailand’s Committee on Energy Policy Administration
decided to cut the collection from refineries of the Oil Fund levy on diesel and
petrol products.
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Berlusconi Drops 'Solidarity' Tax 8/31/2011 A government coalition meeting on August 29, chaired by Premier Silvio Berlusconi,
has agreed that there will be changes to the 'anti-crisis' budget
measures which the government has put forward to balance Italy’s budget
by 2013.
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