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Hong Kong Readies Corporate Disclosure Regime 5/7/2012 Hong Kong’s Securities and Futures Commission and Hong Kong
Exchanges and Clearing Limited have both welcomed the enactment of the
Securities and Futures (Amendment) Ordinance 2012, which,
in particular, establishes a statutory disclosure regime for listed companies.
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HMRC Will Not Appeal Stamp Duty Ruling 5/3/2012 The UK tax authority, HM Revenue and Customs, will no longer seek to impose Stamp Duty Reserve Tax on the issue of shares to depositary receipt issuers and clearance services outside the European Union following a recent legal ruling.
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Taiwan's Cabinet Tweaks Final CGT Structure 4/30/2012 Taiwan’s Finance Minister Christina Liu has confirmed the government has
agreed the final structure of the new capital gains tax, that it intends
to impose on profits made from trading in shares and bonds.
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South Africa Consults On Long-Term Insurers' CGT 4/18/2012 With regard to the proposals announced in the South African 2012/13 Budget in
February this year, the National Treasury has released for public comment details
on how increased capital gains tax rates will be applied to long-term insurers.
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Details Provided Of Taiwan's Proposed CGT 4/17/2012 Taiwan's Finance Minister Christina Liu has announced the structure
of the new capital gains tax that the government will impose on profits made from trading in shares, bonds and derivative products, such as futures and options.
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Taiwan's CGT Unlikely To Affect Small Retail Investors 4/12/2012 Following a further meeting of the government’s tax reform committee, Taiwan’s
Minister of Finance Christina Liu has indicated that the proposal on a new capital
gains tax on stock exchange profits is likely to be presented to the Executive
Yuan shortly, but would also then need to be passed through the Legislative Yuan.
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Taiwan's CGT May Exempt Foreign Investors 4/10/2012 Following a meeting of the government’s tax reform committee, Taiwan’s
Ministry of Finance indicated that it was probable that foreign investors would
be exempt from any proposal for a new capital gains tax on stock exchange profits.
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Obama Signs JOBS Act For Small Businesses 4/9/2012 On April 5, after a rare example of bipartisan agreement in the United States
Congress, President Barack Obama was able to sign the Jumpstart Our Business Startups
(JOBS) Act, a bill to encourage startups and support small businesses without
the use of taxpayers’ money.
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China Expands RMB Overseas Investment Scheme 4/6/2012 After close consultations between Hong Kong’s Securities and Futures Commission, the People's Bank of China and China’s State Administration of Foreign
Exchange, the China Securities Regulatory Commission has announced an expansion
of the Renminbi Qualified Foreign Institutional Investor scheme.
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Proposal For CGT In Taiwan Due Next Month 4/5/2012 At a parliamentary committee meeting, Christina Liu, Taiwan’s Minister of
Finance has promised that a draft proposal for a new capital gains tax on
stock exchange profits will be submitted to the Executive Yuan within one month.
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Australia To Clarify Shareholder Voting Rights 4/5/2012 The Australian government is working to clarify the extent of shareholder voting rights on executive remuneration, amending legislation to this effect.
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Schäuble Eyes EU Tax On Shares 4/4/2012 Given the ongoing staunch opposition from certain countries to the idea
of a financial transactions tax in Europe, German Finance Minister Wolfgang Schäbule
has put forward an alternative proposal, starting with a tax
imposed on the stocks and shares of companies listed on the stock exchange.
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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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South Africa Issues Tax Guide For Shareholders 3/28/2012 The South African Revenue Service has issued a new tax guide for shareholders,
in which it attempts to provide general guidance for the increasing number of
South Africans who have become owners of shares.
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Thai Stock Exchange Calls For CGT Relief 3/20/2012 The President of the Stock Exchange of Thailand, Charamporn Jotikasthira,
has disclosed that he will request that the Ministry of Finance exempt investments
made through the intra-Association of Southeast Nations trading platform
from capital gains tax.
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Belgium Urged To Extend Venture Capital Tax Break 3/5/2012 The European Commission has officially asked Belgium to amend its legislation
on tax credits for investing in venture capital.
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China To Pursue Tax Reforms 2/20/2012 According to a statement by China’s State Council, after a meeting chaired
by Premier Wen Jiabao, the government promised to push forward its structural
reform programmes, including tax measures, to improve the country’s economic
development and improve people’s living standards.
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Study Highlights High US Investment Tax Rates 2/16/2012 A study on United States corporate dividend and capital gains taxation, prepared
for the Alliance for Savings and Investment by Ernst and Young, discusses
the negative impact high tax rates on capital gains and dividends have on key
economic factors, including productivity, wages and decision making by investors
and companies.
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Hong Kong Concludes Short Position Reporting Rules 2/15/2012 Hong Kong’s Securities and Futures Commission has published the conclusions
to its consultation on proposed short position reporting rules, which will now
be submitted to the Legislative Council for consideration.
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China Pushes Shanghai As International Financial Centre 2/2/2012 China’s National Development and Reform Commission and the Shanghai Municipal
Government have disclosed that it is intended that Shanghai will be a centre
for onshore renminbi trading, clearing and pricing by 2015, before it becomes
an international financial centre by 2020.
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Better Capital Funds Employ Unique Guernsey Structure 1/31/2012 Carey Olsen and Heritage International Fund Managers Limited have acted for Better
Capital Limited, an existing Guernsey closed-ended fund listed on the London Stock
Exchange, on its innovative conversion into a uniquely-structured protected cell company.
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Hong Kong Plugs Its Private Equity Advantages 1/20/2012 In a speech at the Asia Private Equity Forum 2012 in Hong Kong, the Financial
Secretary, John C. Tsang, confirmed that private equity is an important component
of Hong Kong's asset management business, as Asia has become a magnet for venture
capital investment, largely on the back of developments in mainland China.
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Hong Kong To Relax Listing Rules For Chinese Firms 1/19/2012 At the Asian Financial Forum, held in Hong Kong, the vice-chairman of the China
Securities Regulatory Commission, Yao Gang, has indicated that overseas
listing rules will be relaxed this year.
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Hong Kong Issues Advice On RMB Investment Products 1/17/2012 Hong Kong’s Securities and Futures Commission has published a list
of frequently asked questions on its website to help investors understand the
key features and risks specific to a new class of investment products which directly
invest in mainland China’s bond and equity markets.
|
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Italy Backs EU Financial Transactions Tax 1/16/2012 Italy, under the new leadership of Prime Minister Mario Monti, has voiced support for the introduction of taxes on European financial transactions.
|
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UK Financial Sector Growth Increases 1/11/2012 Growth continues apace in the UK financial services industry but continued wider economic issues are a cause for concern, according to a new survey.
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Hong Kong, Shanghai Enhance Financial Co-operation 1/9/2012 Following the signing in 2010 of the Memorandum of Understanding Concerning Advancing
Hong Kong-Shanghai Financial Co-operation, officials held their second working
meeting on January 6, 2012, in Shanghai, to enhance financial co-operation between
the two places.
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Hong Kong's Inward FDI Soars 12/13/2011 Recently released figures show that, at the end of last year, the stock of Hong
Kong's inward foreign direct investment increased by 16.7% from a year earlier,
to almost HKD8.5 trillion (USD1.09 trillion) at market value.
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Brazil Announces Tax Cuts 12/7/2011 To achieve its ambitious growth target of 5% of gross domestic product in 2012, Brazilian Finance
Minister Guido Mantega has announced a number of tax cuts, including to the nation's
financial transactions tax, known as IOF.
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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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Guernsey Seeks Listings On Shenzhen Exchange 11/30/2011 A delegation from Guernsey has visited Shenzhen, China, to engage with policymakers
on the prospect of Guernsey companies listing on the local stock exchange.
|
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India Has No Plans To Reduce STT 11/29/2011 The Indian government has no plans to lower the securities transaction tax, according to the Minister of State for Finance S.S. Palanimanickam.
|
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SEC Approves New Listing Rules For Reverse Mergers 11/14/2011 The United States Securities and Exchange Commission has approved new rules that strengthen the standards
that companies being listed through a reverse merger must meet to become listed
on US exchanges.
|
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FTSE Consults On Minimum Free Float Requirements 11/8/2011 The FTSE Group has announced that it is undertaking a market consultation
on the minimum free float requirements for United Kingdom incorporated companies
in the FTSE UK Index Series.
|
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Philippines Issues Retirement Account Tax Regulations 11/4/2011 The new revenue regulations to implement the tax provisions of the Personal Equity
and Retirement Account Act have been issued by the Philippines Bureau of
Internal Revenue.
|
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SEC Finalises Hedge Fund Reporting Rules 11/1/2011 The Securities and Exchange Commission has adopted new rules requiring certain
advisers to hedge funds and other private funds to report information for use
by the Financial Stability Oversight Council in monitoring risks to the
United States financial system.
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South Africa Explains Investment Promotion Reforms 11/1/2011 Further information has now been given on the several investment and prudential
reforms announced by the Minister of Finance, Pravin Gordhan, during his Medium
Term Budget Policy Statement on October 25, 2011, which are aimed at promoting
investment into South Africa by encouraging the development of its capital markets.
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Hong Kong's Fund Managers Told Of New Opportunities 11/1/2011 A speech by Hong Kong’s Financial Secretary, John C Tsang, at the Annual Conference of the Hong Kong Investment Funds Association, looked at how Hong Kong's asset management industry can steer a path towards new opportunities during the period of China’s 12th Five-Year Plan.
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EU To Modify Transparency Directive 10/28/2011 The European Commission is proposing to modify notification requirements
for acquirers when they reach a certain stake in a listed company, reduce burdensome
reporting obligations for all listed companies, and simplify accounting rules
for small- and medium-sized enterprises, to produce further cost savings
for businesses.
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Progress Reported On HK/China Equity Investment Scheme 10/28/2011 In his written answer to a question in Hong Kong’s Legislative Council,
the Secretary for Financial Services and the Treasury, Professor K C Chan, confirmed
that significant progress is being made on allowing investments in the mainland Chinese
equity market by means of the Renminbi Qualified Foreign Institutional Investor
scheme.
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Mourant Ozannes Rated Top Channel Islands Law Firm 10/27/2011 Mourant Ozannes has noted its placement in the latest International Financial
Law Review 1000 rankings, which it said consolidates its position as the leading
law firm in the Channel Islands. Mourant Ozannes was the only law firm to gain
four out of four top tier rankings in both territories.
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Hong Kong Checks On Chinese Support Measures 10/26/2011 Concluding a trip to Beijing, Hong Kong’s Financial Secretary John Tsang
has confirmed that he had held “solid discussions” with relevant bodies
in Mainland China to follow up on the policies and measures Vice Premier Li Keqiang
set out, in August this year, to support Hong Kong’s development.
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EU Proposes Revision Of MiFID 10/25/2011 In response to changes in financial markets since it was introduced in November
2007, the European Commission has tabled proposals to revise the Markets in Financial
Instruments Directive, which aims to make those markets more efficient,
resilient and transparent, and to strengthen the protection of investors.
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SFC Reports On HKeX's Regulation Of Listings 10/19/2011 Hong Kong’s Securities and Futures Commission has published its
annual report on the performance of The Stock Exchange of Hong Kong in
its regulation of listing matters during 2010.
|
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Guernsey Tops Europe In Specialist Finance Centre Index 10/4/2011 Guernsey has been rated highly in the latest index of specialist finance centres,
as published by trade title The Banker, securing second position globally and the top spot in Europe.
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Semeta Outlines Common Rules For European FTT 10/4/2011 The European Commission has outlined common rules for the
introduction of the proposed financial transactions tax.
|
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Thailand Considers Radical Tax Reforms 9/30/2011 In addition to recently-announced plans to increase national minimum wages and
reduce corporate income tax rates, and to provide a tax break for first-time home
buyers, Thailand’s Finance Minister, Thirachai Phuvanatnaranubala, has disclosed
that the new government is undertaking a review of the whole of the country’s tax
code.
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India Reconsiders Securities Transaction Tax Cut 10/3/2011 The Indian Finance Ministry is reportedly looking at reducing or even abolishing the securities transaction tax. This should please investors who have to pay the tax on a share transaction whether they have made any profit or not.
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SEC To Form Advisory Committee on Small and Emerging Companies 9/19/2011 The United States’ Securities and Exchange Commission has announced
the formation of an Advisory Committee on Small and Emerging Companies,
which will focus on the interests and priorities of small businesses and smaller
public companies.
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HKEx Launches New Investor Information Measures 9/8/2011 Hong Kong Exchanges and Clearing has announced new measures on accessing
listed company information and the trading arrangements, in the unlikely event
that its systems for the dissemination of such information do not function properly.
|
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Hong Kong Welcomes Chinese Support Measures 8/22/2011 Hong Kong’s government has welcomed the package of measures disclosed during
his recent visit by the Vice-Premier of China’s State Council, Li Keqiang,
to support economic and financial development in Hong Kong.
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Four EU Countries Ban Short-Selling Of Bank Shares 8/15/2011 Given the volatility of European bank shares recently, the European Securities
and Markets Authority has announced harmonized action against short
selling by the national financial authorities of Belgium, France, Italy and Spain,
with effect from August 12, 2011.
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Vietnamese Parliament Passes Tax Incentives 8/11/2011 At its closing session on August 6, Vietnam’s parliament passed several
resolutions giving tax incentives, particularly to small and medium-sized enterprises and individuals on lower incomes.
|
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Philippines Modifies Insurance And VAT Exemptions 7/14/2011 The Philippine Bureau of Internal Revenue has issued clarifications
to its revenue regulations with regard to the income tax deductibility of insurance
contributions, and to the applicability of value-added tax following takeovers
and mergers.
|
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UK Reforms Rules To Boost SME Investment 7/8/2011 In an effort to encourage more equity financing of small and start-up businesses in the UK, the government has launched a consultation on proposals for reforms to the Enterprise Investment Scheme and Venture Capital Trusts.
|
 |
Hong Kong Investors To Pay Chinese Dividend Tax 7/6/2011 Hong Kong’s Financial Services and the Treasury Bureau has confirmed
that dividends paid to Hong Kong investors by companies in mainland China will
be subjected to a 10% withholding tax.
|
 |
Prada's Hong Kong IPO Affected By Italian Tax Concerns 6/21/2011 The initial public offering in Hong Kong by the Italian luxury fashion goods
company, Prada, has raised less than anticipated, in part due to Italian tax concerns.
|
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UK Consults On Non-Dom Tax Changes 6/21/2011 The UK government has launched a consultation on its changes to non-dom taxation, which include a hike in the annual charge, to be introduced alongside investment incentives.
|
 |
Switzerland Unveils Share Scheme Tax Rules 6/20/2011 Switzerland’s law pertaining to the taxation of employee participation is
due to enter into force in the Confederation on January 1, 2013.
|
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Hong Kong Studies Listing Of Business Trusts 6/14/2011 In answer to a question in the Legislative Council, Hong Kong’s Secretary
for Financial Services and the Treasury, Professor K C Chan, disclosed that the
Securities and Futures Commission and Hong Kong’s Stock Exchange are looking into the potential listing of active business trusts.
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SFC Hong Kong Consults On Short Position Reporting 5/30/2011 Hong Kong’s Securities and Futures Commission has launched a consultation
inviting the public to comment on the draft legislation that will give effect
to the proposed short position reporting regime.
|
 |
IOSCO Finalizes Principles On Dark Liquidity 5/25/2011 The Technical Committee of the International Organization of Securities Commissions has published a final report, containing principles to assist securities markets authorities in dealing with issues concerning dark pools of liquidity.
|
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Lloyds Bank Profits Hit By UK PPI Ruling 5/9/2011 Following the High Court judicial review last month, which was lost by the United
Kingdom banks’ representative the British Bankers Association, Lloyds
Banking Group has decided take an immediate GBP3.2bn payment protection
insurance provision.
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Australia Approves New Financial Markets Competitor 5/9/2011 The Australian Government has granted a licence to Chi-X Australia Pty Ltd as an alternative securities exchange to boost competition in Australia's financial markets, as part of a broad agenda to build the country’s reputation as a financial services hub within Asia.
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FSB Examines ETFs And Shadow Banking 4/18/2011 The Financial Stability Board has published notes on financial stability
issues in relation to exchange-traded funds and on its work to develop recommendations
to strengthen the oversight and regulation of the shadow banking system.
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Fund Corporation Secures Guernsey Administration Contract 4/14/2011 Fund Corporation of the Channel Islands has announced that it has won a contract
to provide administration services to four major open-ended funds domiciled
in Guernsey with a total value of some USD250m.
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Ontario Businessmen In Favour Of TMX-LSE Merger 4/7/2011 Ahead of the release by an Ontario committee of its report into the impact of the proposed TMX-LSE merger, a survey of 111 Ontarian business executives has shown that a majority of those interviewed support the transaction, and see it as having either a positive effect or no impact at all on their businesses.
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BoE Flags Credit Rating Concerns 3/31/2011 Within a financial stability paper on the future of the credit ratings industry,
written under the auspices of the Bank of England, its authors suggest that investors
are still over-reliant on the views of the credit rating agencies.
|
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Italy Increases Scrutiny Of Takeovers 3/25/2011 Italy’s Revenue Agency has disclosed that it is checking the tax implications
arising out of the sales of substantial shareholdings in Parmalat and Bulgari
to French companies, while the Italian government has approved a decree aimed
at restricting takeovers in certain strategic industrial sectors.
|
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US TARP Recoveries Reach 70% 3/11/2011 The United States Treasury Department has announced that, with the receipt of
a USD6.9bn repayment from AIG, taxpayers have now recovered 70% of total Troubled
Asset Relief Program disbursements made to date.
|
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Takeover Process Clarified By Bahamas 2/21/2011 The Bahamas Securities Commission has issued a press release seeking to clarify "the process involved in connection with offer bids for a substantial acquisition of shares and takeovers for public companies".
|
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Canada To Review TSX And LSE Merger 2/17/2011 Canada's Industry Minister has announced an impending 'thorough' review of the proposed TMX-LSE merger. Tony Clement told MPs on Monday February 14 that 'it is important to have an in-depth review because it is a very complex transaction.'
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China To Review Foreign Firms' Merger Deals 2/16/2011 China’s State Council has announced new regulations which institute a review
of mergers and acquisitions that involve foreign companies.
|
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Germany's CDU Backs Tobin Tax 2/9/2011 Determined not to have their plans blocked by Europe, Germany’s ruling Christian
Democratic Union party is reportedly considering the idea of joining forces
with France and Austria, and pressing full steam ahead with the introduction of
a financial transactions tax.
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US TARP Bank Programme Nears Profit 2/4/2011 The United States Department of the Treasury has disclosed that it currently estimates
that the bank support that was provided within the Troubled Asset Relief Programme will ultimately provide a lifetime profit of nearly USD20bn to taxpayers.
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SEC Adopts Rules On Executive Remuneration 1/31/2011 The United States Securities and Exchange Commission has adopted rules concerning
shareholder approval of executive compensation and ‘golden parachute’
compensation arrangements, as required under the Dodd-Frank Wall Street Reform
and Consumer Protection Act.
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Slump Hits German Withholding Tax Take 1/27/2011 As a result of the financial crisis and lower interest rates, the tax authorities
in Germany last year received significantly less in income from capital gains
taxes compared to the previous year, with EUR12.44bn registered in 2009 against
EUR8.7bn in 2010.
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Philippines Stock Exchange Rejects Tax Increase 1/25/2011 Hans B. Sicat, president and chief executive officer of the Philippine Stock Exchange, has written to the Philippines Securities and Exchange Commission rejecting any claim by the Bureau of Internal Revenue to impose an
increased capital gains tax on listed companies.
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Philippines To Restrict Tax Incentives For Listed Companies 1/19/2011 The Philippines Bureau of Internal Revenue is insisting that, to maintain
their tax incentives, listed companies will need to prove their compliance with
a minimum 10% public holding of their share capital.
|
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China Pilots New RMB Overseas Investment Scheme 1/18/2011 The People’s Bank of China has announced the introduction of a pilot scheme
for Chinese enterprises to settle overseas direct investments in renminbi.
|
 |
Peruvian Tax Change Means Exchange Merger Go-Ahead 1/6/2011 The Peruvian parliament has approved a reduction in capital gains tax, which will
allow a proposed merger of the Peruvian, Colombian and Chilean stock exchanges
to be completed.
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Carlyle Group Debuts New DIFC Funds Regime 1/3/2011 The Dubai International Financial Centre has announced that the Carlyle Group, a global alternative asset manager, will be the first company to establish and manage investment funds for sophisticated investors in the DIFC under a new legal and regulatory process.
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US Obtains Further TARP Repayments 12/17/2010 The United States Department of the Treasury announced that the total amount of
funds that taxpayers have received in return for their investment in General Motors under the Troubled Asset Relief Program has reached more than USD23bn.
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Noda Would Let Japanese Stock Tax Break Expire 12/7/2010 Japan’s Finance Minister, Yoshihiko Noda, has disclosed that, on its expiry,
he would prefer to end the present reduced tax rate on capital gains and dividends
from stock investments.
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PSE-Listed Firms May Lose Tax Breaks 12/2/2010 The Philippines Department of Finance is to insist that, to maintain their
tax incentives, listed companies will need to prove their compliance with the
minimum 20% public holding of their share capital.
|
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Austria's FM Unveils 2011 Budget Bill 12/1/2010 Following months of political wrangling and speculation, Austria’s Finance
Minister Josef Pröll has finally unveiled details to the National Assembly
of the country’s 2011 budget, designed to redress the public finances, and
providing for significant cuts in expenditure and for a number of key fiscal measures.
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China Clarifies Share Sale Tax 12/2/2010 Clarification by China’s Ministry of Finance about the taxes payable on
profits from transfers or sales of shares which were formerly non-tradable was
said to have caused a sell-off on the country’s stock market on November
30.
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Jersey Questions EU Tax Review 11/29/2010 The Jersey government has released a statement noting its opposition to a paper by European Commission officials which asserts that the island’s deemed
distribution provisions, and the combined effect of taxation at company and
shareholder levels, come within the scope of the Code of Conduct Group's review of business taxation in the jurisdiction.
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US TARP Repayments Top USD250bn 11/26/2010 The United States Department of the Treasury announced that, after the receipt
of the proceeds from the recent initial public offering of General Motors, the total amount of Troubled Asset Relief Program funds returned
to taxpayers now exceeds USD250bn.
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Chan Plugs HK's Financial Centre Credentials In London 11/18/2010 At the opening of the London conference, 'Hong Kong: China's Global Financial
Centre,' Hong Kong’s Secretary for Financial Services and the Treasury,
Professor K C Chan, said that Hong Kong has a unique role in helping UK-based
financial services businesses grow in China and the rest of Asia.
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Report Says ETFs A Major Cause of Market Instability 11/12/2010 In the opinion of a report written by Harold Bradley and Robert Litan of the Kauffman
Foundation, exchange traded funds pose a serious threat to the growth of
new companies and stock market stability in the future.
|
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SEC Toughens Stub Quote Rules 11/11/2010 The United States Securities and Exchange Commission has approved
new rules to strengthen the minimum quoting standards for market makers, and effectively
prohibit 'stub quotes' in the US equity markets.
|
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IOSCO Proposes Regulatory Principles For 'Dark Pools' 10/28/2010 The Technical Committee of the International Organization of Securities Commissions has published a consultation report, containing principles to assist securities
markets authorities in dealing with issues concerning dark pools of liquidity.
|
 |
UK Takeover Panel Recommends Code Change 10/26/2010 Following a review of the regulation of company takeovers, the Code Committee
of the United Kingdom’s Takeover Panel has published its conclusions and
proposals, and has concluded that the tactical advantage perceived to be held
by hostile bidders needs to be reduced.
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Guernsey Firms Prominent On UK Exchanges 10/22/2010 More Guernsey-incorporated companies are listed on the markets of the London Stock
Exchange (LSE) than from any of its competitor finance centres, according to data direct
from the market authority.
|
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Scope Of Brazil's IOF Increase Is Widened 10/14/2010 The scope of the 4% tax on foreign investments in fixed income instruments in Brazil has been clarified to include such types of investments as stock funds, multi-market funds and debentures.
|
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Hong Kong Looks For Yuan IPO Capability 10/12/2010 During a luncheon presentation at the Foreign Correspondents Club, Charles Li,
Chief Executive of Hong Kong Exchanges and Clearing, said that, as
soon as next year, companies could be able to issue Chinese yuan-denominated shares
through initial public offerings in the territory.
|
 |
SEC Sued Over 'Proxy Access' 10/4/2010 The United States Chamber of Commerce and Business Roundtable have filed
a legal challenge to the final rules of the Securities and Exchange Commission requiring a corporation to adopt changes in its proxy materials to facilitate
the rights of shareholders to nominate directors to a company's board.
|
 |
Cable Crusades Against City 'Short-Termism' 9/24/2010 UK Business Secretary Vince Cable announced on September 22 that the government
is to conduct a comprehensive review into corporate governance and 'economic
short-termism.'
|
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SEC Adopts New Rules On Shareholder-Nominated Directors 8/30/2010 The United States’ Securities and Exchange Commission has adopted
changes to the federal proxy and other rules to facilitate the rights of shareholders
to nominate directors to a company's board.
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