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GST Will Make India More Competitive, FinMin Says 5/27/2012 The introduction of an Indian goods and services tax will remove the hidden costs causing a lack of competitiveness, Finance Minister Pranab Mukherjee has said, arguing that the new tax will provide a more stable source of revenue, helping create a common market across India.
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Germany Leads G8 On Fiscal Policy 5/24/2012 Commenting on the outcome of the recent G8 summit meeting in Camp David, German
Chancellor Angela Merkel insisted that all member states are currently in agreement
that there should not be any new fiscal stimulus packages in the traditional sense
to boost the economy.
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Bundesrat Blocks German Tax Cut Plans 5/16/2012 Germany’s coalition government has failed to secure a majority for its EUR6bn (USD7.7bn)
tax cut plans in the German Bundesrat, or upper house of parliament, despite predicted
additional tax revenues of around EUR30bn by 2016, compared to the November 2011
tax estimate.
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Merkel Set For Battle On Tax Cut Plans 5/8/2012 Ahead of a crucial vote in the Bundesrat, Germany’s upper house of
parliament, German Chancellor Angela Merkel has warned the federal states not
to block the government’s EUR6bn (USD8bn) tax cut plans, aimed at combating
fiscal drift in the country’s income tax law.
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Morocco Launches 'Citizen's Budget' 5/3/2012 Determined to improve fiscal transparency, a priority of Morocco’s new
government, the Moroccan economy and finance ministry has recently launched
the ‘Citizen’s Budget’, and has published in Arabic a Moroccan
citizen’s guide to the country’s 2012 finance law.
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IMO Increases Liability Limits For Shipowners 4/20/2012 The International Maritime Organization has adopted a proposal to increase
the limits of liability for maritime incidents, laid out in the 1996 Protocol
to the Convention on Limitation of Liability for Maritime Claims. The new limits
are expected to enter into force on April 19, 2015.
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Austria's Fiscal Policy Backed By Fitch 4/19/2012 Austria’s Finance Minister Maria Fekter has recently welcomed the triple
A rating accorded to Austria by ratings agency Fitch, which endorsed the government's 2012 budget consolidation package.
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Maltese Developers Cry Foul On Property Tax Valuations 4/19/2012 The Malta Developers Association has called on the government to rethink the valuation
of island property for the purposes of levying the 12% withholding tax on property
sales, to take into account the falling price of real estate.
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UK Taxpayers Educated On Working Tax Credit Changes 4/9/2012 The Low Incomes Tax Reform Group in the United Kingdom has warned a number
of groups of tax credit claimants that they need to contact the UK tax authority,
HM Revenue and Customs, if they want to continue to receive working tax credits,
following the enactment of Budget provisions.
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German Bundestag Backs Tax Cuts 4/2/2012 The German Bundestag, or lower house of parliament, has recently adopted by 310
votes to 243 the coalition’s EUR6bn (USD8bn) tax cut plans, aimed at combating
fiscal drift in the country’s income tax law.
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Finland Unveils 2012 Supplementary Budget 3/28/2012 The Finish government has recently unveiled details of its 2012 supplementary
budget proposal, revising the tax revenue estimate upwards and providing for an
increase in expenditure.
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Luxembourg Urged To Modify Fiscal Policy 3/23/2012 The Luxembourg government has recently published a report on the macroeconomic
forecast and the development of public spending for 2011-2015, which states that
without a change of fiscal policy, the country will not be able to achieve a balanced
budget in 2014, and warns that the public deficit might even exceed 3% of gross
domestic product in 2013.
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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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Thailand Shelves VAT Hike 3/16/2012 Thailand’s Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong
has said that the government has no intention of increasing the country’s
value added tax rate.
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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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Coalition In Talks To Scrap UK's Top Tax Rate 3/8/2012 There is a 'very broad understanding' within the coalition that the UK's top rate of income tax will be scrapped, the Business Secretary has confirmed. His hopes to see a mansion tax introduced may however be hit by new research showing that the case for the levy is far weaker than it at first appears.
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Schäuble Defends 'Constitutionally Necessary' Tax Cuts 3/6/2012 German Finance Minister Wolfgang Schäuble has recently underlined the need
for a reduction in the fiscal burden on individuals in Germany, to be achieved
by the introduction of measures aimed at combating fiscal drift in the country’s
income tax law.
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CBI Issues UK Budget Wishlist 2/27/2012 Changes to the UK's tax system could help generate investment and stimulate growth, the Confederation of British Industry argues in its 2012 Budget submission.
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OECD Urges Norway To Rethink Capital Taxes 2/20/2012 The Organisation for Economic Cooperation and Development, in a recent report
on Norway's fiscal policy, has recommended a comprehensive review of the Norwegian tax regime with respect to capital taxation and its wealth tax.
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Germany's Seehofer Makes Tax Key Election Issue 2/15/2012 Leader of Germany’s ruling Christian Social Union Horst Seehofer has
recently announced plans to make tax policy a central issue of the upcoming elections
in 2013, following the decision by the Social Democrats and the Green Party to reject the coalition government’s tax relief measures in
the Bundesrat.
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Germany's CDU Eyes Income Tax Compromise 2/15/2012 Following the German government’s recent failure to win support for its
2013 and 2014 tax cut plans in the Bundesrat, or upper house of parliament, Norbert
Barthle, budgetary expert of the ruling Christian Democratic Union party,
has mooted the idea of increasing the top rate of income tax in return for the
tax relief measures, in order to gain support from the Social Democrats.
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IoM Consults On Ombudsman Scheme Changes 2/14/2012 The Isle of Man's Office of Fair Trading is proposing to increase the maximum
award limit under the Isle of Man Financial Services Ombudsman Scheme from GBP100,000
to GBP150,000.
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German Bundesrat Rejects Tax Cut Plans 2/14/2012 Germany’s black-yellow coalition government has failed to receive support
for its tax cut plans in the German Bundesrat, or upper house of parliament, when
a bill providing for tax cut measures of around EUR6.1bn (USD8bn) was rejected
in a first reading.
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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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Taxes Killing The British Pub 1/30/2012 Falling UK pub beer sales demonstrate the pressing need for a change in government beer tax policy, according to the British Beer and Pub Association.
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China Lifts VAT On Vegetable Distribution 1/16/2012 To combat food price inflation, the Chinese Ministry of Finance has announced its decision to retroactively exempt the distribution of vegetables from value-added tax.
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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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Algeria Facilitates SME Financial Market Access 1/2/2012 Algeria’s Finance Minister Karim Djoudi has recently unveiled details of
a series of actions and fiscal measures designed to facilitate financial markets
access for economic operators in Algeria, notably small- and medium-sized enterprises.
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New Year Tax Misery In Canada 1/2/2012 There will be winners and losers when the new year brings in major payroll and pension tax changes in Canada, the Canadian Taxpayers Federation has said.
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Bulgarian Parliament Adopts 'Tight' 2012 Budget 12/16/2011 Following a lengthy debate, Bulgarian lawmakers have finally adopted the country’s
2012 budget bill, designed to reduce the deficit, to minimize the effect
of the ongoing eurozone sovereign-debt crisis on the economy, and to guarantee
debt repayments in 2013.
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Tokyo Tops Cost League For Expat Workers 12/15/2011 Tokyo remains the most expensive city in the world for international assignees as the rising value of the
yen continues to put upward pressure on the cost of living in the country, according
to a new report.
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French Senate Committee Overturns 7% VAT Plans 12/14/2011 Within the framework of its examination of the country’s end of year
supplementary finance bill, the French Senate finance committee, with its now
left-wing majority, abolished government plans to increase the 5.5% reduced
rate of value-added tax to 7% for certain products and services.
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German Cabinet Unites On Tax Cut Bill 12/12/2011 The German cabinet has now adopted the long-awaited bill providing for an increase in the personal tax allowance and tax brackets in Germany to compensate for the effects of inflation (fiscal drift).
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French Social Security Bill Adopted 12/2/2011 The French National Assembly has adopted the country’s 2012
social security finance bill, providing for a new economic growth forecast of 1%, and
integrating a number of fiscal measures announced by the government as part of
its second austerity package on November 7.
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Austerity Continues For UK 12/1/2011 It may prove hard to avoid recession in the UK, the Chancellor of the Exchequer George Osborne has said, unveiling a package designed to ensure the government meets its fiscal targets in spite of seemingly gloomy economic prospects.
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UK 'Losing GBP1bn' Because Of APD 11/29/2011 The Tourism Alliance has published a research report, which warns that the UK
economy stands to lose out on GBP1bn (USD1.56bn) in inbound tourism-related economic activity
as a result of the government's policy of taxing aviation through its Air Passenger
Duty.
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French Senate Rejects Social Security Bill 11/28/2011 Rather unsurprisingly, in a parliamentary game of political ping-pong, the French
Senate, with its now left-wing majority, has rejected in a second reading the
government’s 2012 social security finance bill.
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Brazil Urged To Reform Taxes 11/28/2011 Credit rating agency Standard and Poor's has attributed its upgrade of Brazil's
sovereign credit rating to the government's handling of the economic crisis, in maintaining
robust growth and moderating double-digit inflation. However, the agency has suggested that enhancements
to the nation's fiscal regime are critical to future upgrades of Brazil's newly-awarded
triple-B rating.
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Germany Eyes Swift Drafting Of 2013 Tax Cut Bill 11/16/2011 Germany’s coalition government reportedly plans to adopt its proposed
tax cut plans by the end of the year.
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Germany Unites On 2013 Tax Cut Package 11/9/2011 Following weeks of debate and intense speculation, leaders of Germany’s
coalition government have finally united on plans to reduce by EUR6bn (USD8.25bn)
the tax burden on low- and middle-income earners in Germany from 2013.
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Bulgaria Unites On 2012 Draft Budget 11/4/2011 The Bulgarian government has recently approved during an extraordinary meeting
the country’s 2012 budget bill, designed to reduce the deficit, to minimize
the effect of the drawn-out eurozone sovereign-debt crisis on the economy, and
to guarantee debt repayments in early 2013.
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Brazil Cuts Fuel Tax 11/1/2011 The Brazilian government has cut the CIDE tax imposed on the sale of fuel to offset price increases for consumers at the pump.
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Tax Rules Hit Canadian Retirement Prospects 11/1/2011 Canadian workers are unable to save enough for their retirement because federal tax rules are preventing many from doing so, the C.D. Howe Institute has said, arguing that major reform is required.
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Germany To 'Neutralize' Fiscal Drift 10/24/2011 Ending a year-long dispute between the Christian Democratic Union and Free
Democratic Party, German Finance Minister Wolfgang Schäuble (pictured) and Economy
Minister Philipp Rösler have announced plans to reduce the tax burden on
individuals in Germany by between EUR6bn (USD8.28bn) and EUR7bn from January 1, 2013, to finally
address the issue of fiscal drift.
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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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Mauritius Eyes 'Rainy Day Fund' In 2012 Budget 10/6/2011 Due to a deterioration in the global economy, Deputy Prime Minister and Finance
Minister of Mauritius Xavier-Luc Duval has confirmed plans to provide for a special
‘Rainy Day Fund’ or ‘Fighting Fund’ in the country’s
2012 budget, designed to support strategic sectors currently in difficulty and
to support employment and growth.
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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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Jersey's 2012 Budget Published 9/27/2011 Jersey's 2012 Budget, published on September 23, contains numerous measures to boost tax revenues and support lower-income workers as part of the government's efforts to tackle the territory's deficit.
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Germany's Seehofer Reneges On Tax Cuts 9/22/2011 Dealing yet another dramatic blow to coalition partner the Free Democratic Party, leader of Germany’s Christian Social Union Horst Seehofer recently
put a clear damper on the Liberal’s plans to implement significant tax cuts
in Germany in 2013.
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Advance Tax Figures In India Send Mixed Messages 9/20/2011 Figures just released show that advance tax payments made by India’s top corporates for the July-September quarter were 18% higher than in the same period a year ago. Analysts believe, however, that the figures could indicate a possible slowdown in the economy.
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Switzerland Adjusts Tax Thresholds 9/15/2011 Determined to compensate for the effects of fiscal drift, Switzerland’s
Federal Department of Finance has adjusted the Confederation’s direct
federal tax rates and deductions for the 2012 tax year.
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Australian Think Tank Flags Danger Of New Taxes 8/19/2011 Australian free market think tank, the Institute of Public Affairs, has called on the Gillard government to scrap its mining and carbon taxes in light of the looming economic downturn in Australia's biggest export market, China.
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New Zealanders Back 'No GST On Food' Campaign 8/18/2011 New Zealanders came out in force on Tuesday, August 16, to demonstrate their strength of feeling about Goods and Services Tax on food, and presented Parliament with a petition signed by 40,000 people asking for it to be removed.
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IMF Urges UK To Consider Tax Cuts 8/3/2011 While progress has been made in securing fiscal consolidation targets, low economic growth and high inflation in the UK has led the International Monetary Fund to warn that contingency plans, including the possibility of temporary tax cuts, should be considered.
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Germany's Rösler Eyes Social Contributions Cuts 7/13/2011 With scant regard for cabinet backing of plans to implement tax cuts in Germany
from 2013, Germany’s Economics Minister and leader of the Free Democratic
Party Philipp Rösler has called for wage cost reductions in Germany
from next year.
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South Korea Extends Reduced Import Tariffs 6/22/2011 The South Korean Ministry of Strategy and Finance has disclosed that the government
intends to extend the import duty reductions or exemptions on certain products,
and in particular those used by low and middle-income families in the country,
thereby reducing inflationary pressures.
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Pakistan Must Broaden Tax Base, Says IMF 5/19/2011 Following a round of discussions on the country's stabilization programme, the IMF has concluded that Pakistan faces important challenges, and stressed that measures to reduce the fiscal deficit will require higher revenue intake, to be effected through further tax reform.
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Germany's CDU Split On Tax Cuts 5/19/2011 The ongoing political storm surrounding tax cuts in Germany has intensified, as
Bavaria’s Finance Minister and member of the ruling Christian Social Union Georg Fahrenschon has joined in calls for the fiscal burden to be reduced
on individuals in this legislative period.
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UK Savers Struggle To Beat Rising Inflation 5/19/2011 As inflation continues to rise, UK taxpayers are facing a savings account crisis of sorts, with accounts either highly unlikely or unable to cancel out the effects of tax and inflation, or even provide a decent rate of return, according to new figures.
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Brazilian FDI Falls In Wake Of Tax Hikes 5/18/2011 Having struggled to contain rapid currency appreciation, Brazil saw a fall in net foreign direct investment in April, as stringent tax measures designed to deter a continuation of previously high levels of investment began to take hold.
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Key Hints At New Zealand Budget Measures 5/12/2011 John Key, New Zealand Prime Minister, gave a speech this week to business leaders prior to the budget on May 19, noting that probably the most significant reforms the Government had undertaken had been in the area of tax.
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Pakistan Business Proposes Economic Charter 5/4/2011 At a meeting of all the major Pakistani political parties there was an agreement to accept the majority of issues in a proposed charter for the economy prepared by the Pakistan Business Council.
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Macau Gives Cash, Takes Special Stamp Duty 4/26/2011 Macau, which is, along with Hong Kong, one of the two special administrative regions
of the People's Republic of China, has announced further cash payments to residents, as
well as the imposition of a special stamp duty.
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Tsang Reviews Hong Kong's Budget Policy Issues 4/14/2011 During his speech on the 2011 budgetary appropriation bill to the Legislative Council, Hong Kong’s Financial Secretary, John C. Tsang, addressed a number of key policy issues, including counteracting inflationary pressures in the economy by, amongst other measures, proposed tax rebates and disbursements to eligible citizens.
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Brazil Government Brings In Another Tax Hike 4/12/2011 Brazil's government has introduced a further additional tax hike, aimed in this instance at consumer credit, and designed to curb an inflation figure sitting dangerously close to the central bank's ceiling rate.
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Fillon Rules Out VAT Hike 4/1/2011 French Prime Minister François Fillon recently announced that the current
environment of rising inflation does not lend itself in any way to a rise in value-added
tax in France, as advocated by the Court of Auditors.
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IMF Finds Seychelles Economic Program On Track 3/23/2011 An International Monetary Fund mission has just completed a visit to the Seychelles to conduct discussions for the third program review under the Extended Fund Facility Arrangement with the country.
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Thailand Looks At Corporate Tax Reduction 3/23/2011 The Prime Minister Abhisit Vejjajiva has disclosed to the Federation of Thai
Industries, at a recent seminar, that the government will look at reducing Thailand’s
corporate tax rate to counterbalance a prospective increase to minimum wages.
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Pakistan Takes Heed Of IMF Advice 3/21/2011 Following the recent International Monetary Fund mission to Islamabad led by Adnan Mazarei, the Pakistan government has taken heed of its advice and introduced various tax changes to increase revenue in a short period of time.
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IMF Releases Latest Report On Qatar 3/16/2011 The International Monetary Fund has recently concluded a consultation with Qatar and the report just published shows that the Middle Eastern country has weathered the global financial crisis exceptionally well, reflecting the quick and strong policy response by the authorities.
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Aquino Rules Out Philippine Oil Tax Reductions 3/14/2011 President Benigno Aquino III has appeared to reject proposals to cut value added
tax on petroleum products to reduce the inflationary effect of rising global
oil prices in the Philippines.
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Turks And Caicos Fiscal Review Underway 3/14/2011 The temporary UK-led government in the Turks and Caicos Islands has presented a number of proposals to resolve the territory’s fiscal woes, including the introduction of a value-added tax, a fixed tax on imports, a review of the charges and fees levied on the financial services sector, and an alteration to the tax-like fee paid by employers for non-resident work permits.
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Singapore Will Not Reduce GST 3/4/2011 Singapore’s Minister for Finance, Tharman Shanmugaratnam, in his speech
to parliament rounding up the debate on the 2011 Budget, confirmed that the government
had no intention of reducing the rate of goods and services tax from 7%
to 5%, as had been suggested to reduce the effects of inflation in the economy.
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Mukherjee Presents Indian Budget 3/2/2011 Indian Finance Minister Pranab Mukherjee presented the country’s annual budget on February 28, which contained measures to ease the tax burden on investment as well as changes to indirect taxes, proposals to tackle 'black money' and a commitment to move forward with the new Direct Taxes Code.
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Isle Of Man Raises Regulatory Fees 2/28/2011 The Financial Supervision Commission has issued a paper publishing the intended regulatory fees for licenceholders and collective investment schemes in 2011/12.
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Serbia Completes IMF-Guided Fiscal Review 2/25/2011 The International Monetary Fund has issued a statement on Serbia's progress on tax reform upon the conclusion of its seventh and final review under the economic program supported by an IMF Stand-By Arrangement.
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Hong Kong Budget Splashes The Cash 2/24/2011 A buoyant economy has boosted tax revenues in Hong Kong to such an extent that
the Financial Secretary, John C Tsang, in his 2011-12 budget, was able to
allocate more resources to the provision of education, health and social welfare
services, and to restraining the inflation in property prices.
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Pubs Plead For Freeze On UK Beer Duty 2/10/2011 A freeze in beer duty and the scrapping of the previous government’s controversial beer duty escalator in the Budget are needed to restore growth in brewing, pubs, and the UK hospitality trade, and boost the wider economy, according to the British Beer and Pub Association’s Budget recent submission to the Treasury.
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Canadian Business Pushes For Tax Cuts 2/7/2011 The Canadian Federation of Independent Business has met with Finance Minister Jim Flaherty to push for job-creating measures that will encourage small business growth in the next federal budget.
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French Presidential Advisor Advocates ISF Abolition 1/25/2011 Close advisor to French President Nicolas Sarkozy, Alain Minc, has recently
called for the complete abolition of wealth tax in France rather than simply making modifications
to the existing tax.
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Dreier Introduces US Fair Tax Bill 1/12/2011 Congressman David Dreier has re-introduced the Fair and Simple Tax Act in the House of Representatives, a piece of legislation which he says would simplify the US tax code and reduce the burden on taxpayers.
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Payroll Tax Hikes Hit Canadians' Pockets 1/4/2011 The Canadian Taxpayers' Federation has warned, in a study published on December 28, that changes to the federal payroll tax system, and provinces' individual changes to their personal income tax regimes, will substantially hit the pockets of Canadian taxpayers regardless of their income.
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Discounts To Temporarily Hide UK VAT Rise 1/3/2011 Speaking ahead of the implementation of the increase in VAT this week the British Retail Consortium said that retailers reluctantly accept that the VAT rise is necessary as part of the Government's package of measures to straighten out the public finances.
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IRS Announces 2011 Air Transportation Tax Rates 12/31/2010 The United States Internal Revenue Service has announced the new
rates of excise tax on air transportation, which will take effect on January 1,
2011, and which reflect 2011 inflation adjustments.
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Seychelles Economic Outlook 'Favourable' 12/29/2010 On December 20 the International Monetary Fund completed a consultation with the Seychelles and concluded that the economic outlook for the country is definitely favorable.
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Onion Tax In India Has Brought Tears To Householders’ Eyes 12/27/2010 Tax on onion imports into India has been scrapped following anger across the country about the rising cost of this basic vegetable.
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South Korea Reduces Import Tariffs To Tackle Inflation 12/23/2010 In 2011, the South Korean government has decided to reduce the import tariffs
on 67 products that are widely used by low and middle-income families in the country,
thereby reducing inflationary pressures on them.
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UK Faces 'Stealth' Price Hikes Due To VAT Hike 12/14/2010 Following a sustained period of recessionary discounting, UK retailers plan to
utilize the impending value-added tax rise, set for January 4, to increase prices
markedly to nearer their pre-crisis levels, KPMG has found.
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HK Anti-Speculation Measures 'Working' Says Chan 12/13/2010 The Hong Kong government has announced that recent measures to dampen 'exuberance' in the territory's property market, including a special stamp duty, are working.
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Argentina's Tax Revenues Soar 12/6/2010 November tax revenues in Argentina have soared, up 39.5% on the year, says the country’s tax agency AFIP.
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India Slashes Truckers Tax 12/6/2010 The proposed nationwide strike over the toll tax by Indian truckers this week has been called off after an agreement was made between the All India Motor Transport Congress and the Ministry of Road Transport and Highways.
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IMF Urges Israel To Tighten Fiscal Policy 12/1/2010 The International Monetary Fund has called on Israel to tighten fiscal policy faster than planned to keep inflation in check, suggesting that indirect taxes may need to be increased.
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Thailand Studies Tobin Tax 11/29/2010 Thailand’s central bank governor, Prasarn Trairatvorakul, has said that
it is possible that other measures could be used to discourage the inflow of speculative
short-term foreign funds in the country, including a financial transactions tax
on currency transactions.
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Congress Pledges AMT Relief 11/11/2010 US Congressional leaders have pledged to 'do everything possible' to stop the alternative minimum tax affecting as many as 21 million taxpayers this year.
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IRS Announces Pension Plan Limitations 11/2/2010 The US Internal Revenue Service has announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2011.
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Morocco Adopts 2011 Finance Bill 10/18/2010 Under the chairmanship of Prime Minister Abbas El Fassi, Morocco’s Government
Council has adopted the country’s 2011 finance bill.
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Switzerland Addresses Fiscal Drift 10/12/2010 Determined to address the issue of fiscal drift, the Swiss Federal Department
of Finance has brought the Confederation’s direct federal tax rates
and deductions in line with inflation.
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Standards Setters Deal With Hyperinflation The International Accounting Standards Board has published for public comment an exposure draft entitled 'Severe Hyperinflation, a proposed amendment to IFRS 1' which covers first-time adoption of International Financial Reporting Standards. |
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IMF Endorses South Africa's Fiscal Plans 9/22/2010 In its Article IV consultation with South Africa, the International Monetary Fund said the country's medium-term fiscal consolidation plan "struck the right
balance between supporting the ongoing recovery and rebuilding fiscal space".
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UK To Hike Tonnage Tax Training Contributions 9/15/2010 The UK government has announced that it is to increase the amount that companies opting to pay corporation tax under the tonnage tax regime are required to pay in respect of contributions towards the training of seafarers in the United Kingdom.
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