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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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China's Overseas Investment Soars, As Incoming FDI Falls 4/18/2012 The Ministry of Commerce has disclosed that, at the same time as China's overseas
direct investment was rapidly increasing in the first quarter of this year,
foreign direct investment into China fell for the fifth month in a row in
March.
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US, Tunisia Hold Talks Under Bilateral TIFA 4/18/2012 A delegation from the Office of the United States Trade Representative has recently met with the Tunisian government, under the auspices of the US-Tunisia
Trade and Investment Framework Agreement Council, which was re-launched
late last year.
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US, China Agree Framework For Economic Relationship 2/16/2012 A joint fact sheet issued by the United States and China, during the visit of
China’s Vice President Xi Jinping to America, affirmed that the two countries
are promoting the healthy and steady development of the US-China cooperative economic
relations “based on mutual respect and mutual benefit”.
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Bermuda Signs TIEAs With South Korea, Turkey 1/25/2012 Tax information exchange agreements, which incorporate the internationally-agreed
Organization for Economic Cooperation and Development standard for the exchange
of information for tax purposes, have been signed between Bermuda and both South
Korea and Turkey.
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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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Taiwan Ratifies Investment Agreement With Japan 11/25/2011 The investment agreement between Taiwan and Japan, which, it is hoped, will greatly
enhance their bilateral economic and trading relationship, has been approved and
ratified by Taiwan’s parliament, the Legislative Yuan.
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UAE, South Africa Discuss Investment 11/21/2011 Dubai and South Africa have considerably increased their volume of bilateral investment in recent years, with the financial services sector being the largest recipient.
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Tax Remains Lure For US Investors In Ireland 11/3/2011 Ireland’s low corporate tax rate remains the key factor for attracting foreign direct investment from the US, with new research showing that Ireland’s tax regime is seen as an increasingly important advantage over other potential foreign direct investment destinations in Europe.
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Luxembourg Strengthens Economic Ties With Russia, Finland 11/1/2011 Luxembourg’s Deputy Prime Minister and Foreign Affairs Minister Jean
Asselborn recently carried out official visits to Russia and to Finland to strengthen
economic ties in both countries.
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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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Noonan Steadfast On Irish Corporate Tax 10/31/2011 Ireland's 12.5% corporation tax rate is here to stay, Finance Minister Michael Noonan has said, stressing that it remains a key cornerstone of strength for the country's economy.
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Hong Kong Welcomes Chinese RMB FDI Regulations 10/18/2011 Financial Secretary John C Tsang has issued a statement confirming that Hong Kong’s
government welcomed the promulgation by the Chinese Ministry of Commerce and the
People's Bank of China of administrative rules that will provide transparency
and certainty for the making of foreign direct investments in renminbi.
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Brazilian Economic Potential Stifled By Tax Regime 10/12/2011 Brazil's potential to attract significant Foreign Direct Investment is
being stifled by the complexity of the country's tax regimes and the high tax rates in place, according
to the European business association BusinessEurope.
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US Senate Approves Investment Treaty With Rwanda 9/30/2011 The United States Senate, in what is hoped will be a major step forward in expanding
trade and investment relations with Rwanda, has unanimously approved the United
States-Rwanda Bilateral Investment Treaty.
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Taiwan, Japan Sign Investment Agreement 9/27/2011 An investment agreement, that, it is hoped, will greatly enhance their bilateral economic and trading relationship, has been signed in Taipei between Taiwan and Japan.
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US Congress Looks At Territorial Taxation 9/13/2011 The Senate Committee on Finance has held a hearing on how international corporate
tax issues should be dealt with, as momentum gathers for comprehensive reform
of the United States tax code.
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IMF Welcomes St Kitts And Nevis Tax Changes 8/18/2011 The International Monetary Fund has praised St Kitts and Nevis for its fiscal reform agenda and changes to the tax system, but warned that more work needs to be done.
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Indonesia To Lure Major Investors With Tax Holidays 8/17/2011 Indonesia’s Minister of Finance, Agus Martowardojo, has announced that long-awaited
regulations will be issued to introduce tax holidays, as well as revise the country’s
tax allowances, for new direct investments in selected industries.
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Hong Kong FDI Soars 7/4/2011 Hong Kong’s Chief Executive Donald Tsang has hosted a cocktail reception,
attended by about 350 top executives at an annual event of Invest Hong Kong,
to thank the overseas and Chinese investors that have set up or expanded in the
city during the past year.
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