Stories that are tagged 'inheritance tax'

	France Begins Examination Of Hollande's Election Tax Package 5/8/2012 Following the upcoming legislative elections in June, French lawmakers are to convene during an extraordinary session in July to examine a bill containing the fiscal pledges outlined by President-elect François Hollande during his election campaign, expected to increase the fiscal burden on households in France to the tune of around EUR14bn (USD18.26bn).
	CIOT Expects UK-Swiss Tax Deal Re-Write 4/11/2012 Changes to the Swiss-German tax treaty could lead to higher charges for UK holders of undeclared Swiss bank accounts, the Chartered Institute of Taxation has warned.
	HMRC Publishes Guidance On Reduced IHT Rate Eligibility 4/11/2012 The UK tax authority, HM Revenue and Customs has released new guidance on eligibility for the new reduced rate of Inheritance Tax, introduced on April 6, 2012, and available where 10% of an estate is gifted to a registered charity.
	Jersey Assesses UK Stamp Duty Measures 3/29/2012 Jersey Finance, the agency responsible for the promoting the island's finance industry, has responded to measures in the UK budget which seek to prevent stamp duty tax avoidance on the purchase of high-value property in the UK via offshore company structures.
	Guernsey Wealth Management Promoted In India 3/23/2012 Guernsey's offerings as a wealth management domicile were promoted at the India Wealth Forum, held recently in Delhi and attended by Guernsey wealth management firm Nerine Group of Fiduciaries.
	Gibraltar Government To Back Finance Industry 3/23/2012 To mark one hundred days in office, the Gibraltar government has made a number of pledges that it will fulfil during its term, many of which are pertinent to taxpayers and the financial services sector.
	Switzerland, UK Supplement Withholding Tax Agreement 3/23/2012 Switzerland and the United Kingdom have recently signed in Brussels a Protocol of Amendment that supplements the withholding tax agreement of October 6, 2011.
	Britons Will Overpay GBP12.6bn In Tax This Year 3/12/2012 UK taxpayers will overpay an average of GBP421 in tax this year, with 85% failing to act on reducing their tax bill, according to new figures.
	Tax Ruling Boosts UK Holiday Let Owners 3/9/2012 HM Revenue and Customs has lost another key court case, with the passage of a tribunal decision that will permit holiday let owners across the UK to claim Business Property Relief for inheritance tax purposes.
	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.
	German Foundation Eyes Wealth Tax Reforms 2/27/2012 Tax experts at the Hans Böckler Foundation have recently put forward reform proposals for the taxation of wealth in Germany, designed to generate additional annual tax revenues for the state and to ensure that Germany’s wealthiest individuals contribute more in future to financing state budgets.
	Romney Proposes Across-The-Board Tax Cuts 2/24/2012 Following President Obama’s corporate tax reform proposals, Mitt Romney, one of the leading Republican presidential candidates, issued his own proposals to kick-start United States economic growth by cutting tax rates, broadening the tax base and providing for tax simplification.
	Austria Split On Family Tax Reform 2/23/2012 Austria’s Financial State Secretary and member of the Social Democrats Andreas Schieder has recently rejected Finance Minister Maria Fekter’s plans for a reform of family taxation in Austria, including notably plans to reduce the fiscal burden on families by introducing a EUR7,000 (USD9,285) annual tax-exempt maintenance amount for children.
	UK Inheritance Tax Changes To Hit More People 2/17/2012 Changes to the UK's inheritance tax threshold could see more people becoming liable for the levy, chartered accountancy firm Midgley Snelling has warned.
	Austria Unites On Savings Package 2/13/2012 Austria’s Finance Minister Maria Fekter has recently announced that the coalition government has finally united on plans for 'the largest reform package' of the Second Republic, designed to consolidate the country’s public finances by a total of EUR26.457bn (USD34.915bn) by 2016, but without recourse to an annual tax on wealth, to the reintroduction of an inheritance and gift tax or to an increase in the top rate of tax.
	Austria Reports Higher Revenues In 2011 2/1/2012 The Austrian finance ministry has recently announced that the state deficit for 2011 was significantly lower than originally forecast, noting that the government received around EUR910m (USD1.2bn) more in fiscal revenues than initially anticipated and that spending was approximately EUR2.3bn less.
	Austrian Unions Eye Wealth Tax Package 1/24/2012 During the course of a recent joint conference, the Austrian Federation of Trade Unions and the Austrian Labour Chamber underlined the need for both expenditure- and revenue-based measures to be included in the coalition’s planned EUR10bn (USD13bn) consolidation package.
	Austria Focuses On Eradicating Tax Loopholes 1/23/2012 Echoing views expressed in parliament recently by Austria’s Finance Minister Maria Fekter, legal tax expert Werner Doralt has given his full support to any plans to close existing loopholes in the country’s tax system to consolidate the budget.
	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.
	Faymann Eyes Wealth Taxes In EUR10bn Package 1/17/2012 Despite maintaining that no ultimatum would be issued to coalition partner the Austrian People’s Party, and that ongoing talks have up until now been 'constructive', Austrian Chancellor Werner Faymann nevertheless insisted recently that an essential part of the government’s planned EUR10bn (USD13bn) budgetary consolidation package must be derived from wealth related taxes.
	Romney's Tax Plan Would Swell Deficit 1/9/2012 If implemented, US presidential hopeful Mitt Romney's tax plans would shrink tax revenues and increase the federal deficit, according to an analysis of his proposals by a non-partisan think tank.
	Austria Mulls Wealth-Related Taxes In EUR10bn Package 12/29/2011 Following intense discussions, Austrian Chancellor Werner Faymann and Vice Chancellor Michael Spindelegger recently united on plans for a five-year budgetary consolidation package, amounting to a total volume of around EUR10bn (USD13bn), to be agreed by the end of February following careful examination of both expenditure-based and revenue-based measures.
	German Trade Unions Seek Higher Wealth Taxes 12/20/2011 President of the German Confederation of Trade Unions Michael Sommer has called for a greater fiscal contribution from the country’s wealthiest to resolve the ongoing debt crisis and to bring the budget to balance, notably for the tax burden to be increased on wealth and on inheritances in Germany.
	EU Tackles Cross-Border IHT Issues 12/20/2011 The European Commission has recently adopted a comprehensive package on inheritance taxation, proposing measures designed to address the issue of cross-border inheritance tax problems, notably double or multiple taxation and discrimination.
	Austria's FM Isolated On Tax Cuts 12/19/2011 Increasingly isolated, Austria’s Finance Minister Maria Fekter has once again ruled out the idea of new taxes, insisting that the planned February savings package is to be achieved solely by means of introducing ‘good’ savings measures.
	EC Opposes Dutch Rules On Inheritance And Gift Duties 11/30/2011 The European Commission has decided to refer the Netherlands to the European Union’s Court of Justice for discriminatory rules on inheritance and gift duties.
	German SPD Leader Warns Against 'Rich Tax' 12/1/2011 Ahead of the Social Democrat’s forthcoming party conference, party leader Sigmar Gabriel warned left wing radicals against plans to call for a tax on the country’s rich.
	France Unveils Year-End Supplementary Finance Bill 11/21/2011 During a recent Council of Ministers meeting, French Budget Minister Valérie Pécresse and Finance Minister François Baroin (pictured) presented the country’s end of year 2011 supplementary finance bill, providing for fiscal measures announced by Prime Minister François Fillon on November 7, amounting to around EUR5.2bn (USD7bn).
	German Economist Eyes Increased Taxes On Wealthy 11/11/2011 Gert Wagner, head of the Deutsche Institut für Wirtschaftsforschung, the largest economics research institute in Germany, has called for the fiscal burden to be increased on wealthy heirs and on individuals with large fortunes in Germany.
	Spain In Court Over IHT Laws 10/31/2011 The European Commission has referred Spain to the European Court of Justice over claims that Spanish inheritance and gift taxes discriminate against non-residents
	Perry Reveals 'Cut, Balance and Grow' Plan 10/27/2011 US Presidential candidate, Rick Perry has revealed plans to reform the current tax system stating that, if elected, he will create new jobs and re-invigorate the US economy.
	German State Seeks Higher VAT Share 10/11/2011 Baden-Württemberg’s Finance and Economy Minister Nils Schmid has recently urged the coalition government to allocate a greater portion of its value-added tax revenues to the federal states to enable them to adhere to the debt brake rule.
	IRS Reminds Estates Of New Tax Break 10/5/2011 The United States Internal Revenue Service has reminded estates of married individuals dying after 2010 that they must file an estate tax return, before October 31, to pass along their unused estate and gift tax exclusion amount to their surviving spouse.
	Austrian Vice Chancellor Rejects Wealth Tax 9/20/2011 Austria’s Vice Chancellor and leader of the Austrian People’s Party Michael Spindelegger recently insisted that the idea of introducing wealth taxes or reintroducing inheritance tax in Austria is simply out of the question.
	Spain Set To Revive Wealth Tax 9/20/2011 Determined to meet its ambitious fiscal deficit reduction targets, Spain’s Socialist government, led by outgoing Prime Minister Jose Luis Rodriguez Zapatero, recently voted in favour of plans to reintroduce wealth tax in Spain, just a few months ahead of November elections.
	IRS Offers Filing and Penalty Relief for 2010 Estates 9/15/2011 The United States Internal Revenue Service has announced that large estates of people who died in 2010 will have until early next year to file various required returns and pay any estate taxes due, and that it is providing penalty relief to certain beneficiaries of these estates on their 2010 federal income tax returns.
	Spain's Rubalcaba Seeks Wealth Tax 9/14/2011 Alfredo Perez Rubalcaba, leading candidate for Spain’s Socialist Party in the run up to the forthcoming elections in November, recently unveiled details of his election programme, containing plans to reintroduce wealth tax in Spain as well as to introduce a bank tax.
	German Institute Slams Decade Of Tax Cuts 9/13/2011 The propensity of successive coalition governments in Germany to cut taxes over the course of the past decade has resulted in the current budget deficit, according to the country’s Macroeconomic Policy Institute.
	Germany's SPD Seeks Massive Tax Rises 9/9/2011 Ahead of the forthcoming elections in Germany in 2013, the Social Democrats recently unveiled details of their fiscal concept, in which the party pledges to dramatically increase taxation in order to reduce new debt, and, most notably, to significantly increase the fiscal burden on the rich.
	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.
	Spain Considering Taxing Wealth 8/30/2011 Spain's Minister for Finance, Elena Salgado has announced that the government is considering reinstating an inheritance tax on high income earners, rescinded at the beginning of the economic downturn, in a move to regain the EUR2bn it generated annually.
	IRS Issues Estates Tax Guidance 8/10/2011 The United States Internal Revenue Service has issued guidance for the treatment of certain estates of decedents who died in 2010.
	UK Consults On Tax Break For Art Donors 7/4/2011 The UK is contemplating offering tax breaks in return for people donating pre-eminent objects or works of art to the nation in their wills, and has launched a consultation detailing the proposals.
	Germany Delays Key Tax Talks 7/1/2011 Despite earlier plans to forge swiftly ahead with tax cut discussions before the legislature's summer recess, Germany’s black-yellow coalition government has now announced its decision to delay negotiations until the autumn.
	France Mulls Dependency Reform Taxes 6/24/2011 France’s Economic and Social Council has recently published details of its opinion on old age dependency reform in France, and has outlined possible tax measures to finance the proposals.
	UK Consults On IHT Tax Break 6/16/2011 The UK has launched a consultation on government proposals for a change in inheritance tax rules, which would see a drop in the rate paid by those who leave a charitable legacy in their will.
	UK Taxpayers Warned About IHT Fines 6/7/2011 The UK tax authority, HM Revenue and Customs launched a total of 9,638 investigations into inheritance tax valuations over the last year and is actively targeting estates and beneficiaries, according to accountants UHY Hacker Young.
	HMRC Consults On Tax Avoidance Schemes 6/2/2011 The UK's crack down on tax avoidance continues, with three new consultations launched, designed to tackle high risk tax avoidance schemes, combat road vehicle value-added tax evasion, and amend the capital allowances system in relation to plant and machinery.
	UK 'Non-Dom' Numbers Decline 5/24/2011 The UK has seen a significant fall in numbers registering for non-domiciled status, as the introduction of an annual levy and changes to inheritance tax laws bite, according to the chartered accountancy firm Midgley Snelling.
	Germany Promotes Tax Breaks For Arts And Culture 5/10/2011 Aiming to promote art and culture in Germany, the German finance ministry has recently announced that numerous fiscal incentives, granting both exemptions from and reductions in taxation, are contained in a variety of the country’s tax laws.
	French Tax Unit Boosts Revenues 4/29/2011 According to figures recently submitted by the French budget ministry to the National Assembly Finance Commission, France’s special tax unit, set up to regularize illegal accounts, has reportedly served to generate a total of almost EUR1bn for the state, of which EUR887m in late tax payments and EUR70m in penalty payments.
	Brits Waste Billions In Unnecessary Tax Payments 4/22/2011 With total UK tax wastage expected to come in at GBP13.5bn in 2011, a new report has shown that poor inheritance tax planning will contribute nearly GBP1.3bn to this figure, an amount that is only likely to increase in future years.
	France Unveils Plans To Modify Wealth Tax 4/18/2011 Following a final arbitration meeting, and ending months of uncertainty and speculation, the French government has finally announced details of its plans to profoundly modify the country’s existing system of wealth tax.
	Belgium Falls Foul Of EU Tax Rules 4/13/2011 Belgium has come under legal scrutiny over six tax provisions the European Commission has deemed to be contrary to European Union laws, referring two such matters to the European Court of Justice, and sending reasoned opinions requesting a response in respect of the remaining four.
	UK Inheritance Tax Breaks Criticized 4/12/2011 A leading law firm has warned that inheritance tax measures included in the recent UK Budget may risk the encouragement of 'a deferral of giving', and fails to take into account other important factors such as lifetime giving.
	South Korea Seeks Improved Compliance 4/1/2011 South Korea’s Finance Minister, Yoon Jeung-hyun, has confirmed that, while the country’s fiscal position has improved, the government will still look for improved tax compliance, particularly from businesses.
	Zürich Backs Inheritance Tax Initiative 3/30/2011 The Swiss canton of Zürich has recently submitted a cantonal proposal to the federal government calling for the re-introduction of inheritance and gift tax in Switzerland.
	Jersey Trust Experts Examine Court Rulings 3/29/2011 There was a significant turnout at a recent Jersey conference, which focused on the precarious future of the Hastings-Bass principle, which sets out when a court may intervene in cases where a trustee acts under his or her own discretion, particularly in cases involving tax.
	Germany Urged To Amend Inheritance Tax Rules 3/16/2011 The European Commission has formally requested that Germany amend its inheritance and gift tax legislation.
	Apathetic Brits Paying Too Much Tax 3/3/2011 British consumers are set to waste GBP13.5bn in taxes in 2011, through apathy and avoidable circumstances, according to the professional advice website unbiased.co.uk.
	Report Highlights EU's Double Tax Problems 2/4/2011 The European Commission has published a new report describing responses the European Union has received from a consultation launched in mid-2010, in which respondees were asked to submit details of previous cross border tax problems.
	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.
	Liechtenstein's New Tax Law In Force 1/7/2011 The government of the principality of Liechtenstein has announced the fact that since January 1 its new tax law – one of the most modern and attractive in the world – has been in force.
	'Scrap IHT' Argues UK Think Tank 12/30/2010 UK Inheritance Tax should be abolished and replaced with a new tax on gifts to individuals over GBP150,000, according to a new report from the Institute of Public Policy Research.
	Finland's Tax Working Group Presents Final Report 12/27/2010 The working group for developing Finland’s tax system has delivered its final report to the government, in which it proposes a modest shift of emphasis from taxation on work to taxation on consumption.
	EU Launches Multi-Year Review Of Cross-Border Taxation 12/23/2010 The European Commission has published a Consultation, which marks the commencement of a comprehensive multi-year review of the major cross-border issues faced by EU citizens, and proposes solutions for them.
	Japan's Cabinet Approves Tax Policy Package 12/20/2010 The Japanese government has approved the framework for the next fiscal year of its tax policies, which include the much-heralded cut in corporate tax and increased taxes on the wealthy.
	Congress Passes Tax Cut Package 12/20/2010 Following previous approval by the United States Senate, the House of Representatives has also passed President Barack Obama’s bipartisan compromise tax package after a delay caused by opposition from the President’s own Democrat party colleagues.
	UK Announces Anti Avoidance Measures 12/17/2010 The UK government has announced a number of proposals in its draft Finance Bill to tackle tax avoidance, particularly in relation to intra-group transactions, their financial reporting, and inheritance taxation.
	Japan Could Add To Tax Burden On Wealthy 12/15/2010 The Japanese government’s tax commission, which is led by Finance Minister Yoshihiko Noda, is expected to propose an increase in income taxes for the highest earners in its draft tax proposals for the next fiscal year.
	IRS Asked For Guidance On Carryover Basis Rules 12/9/2010 The American Institute of Certified Public Accountants has asked the United States Internal Revenue Service to issue guidance about how to apply carryover basis rules for the assets, such as stocks and property, of taxpayers who died in 2010 in order to settle their estates.
	Voters Deal Blow To Obama's Tax Agenda 11/4/2010 US President Barack Obama will find it harder to force through his legislative agenda over the next two years after an emphatic Republican victory in the mid-term elections resulted in the Democrats losing control of the House of Representatives, changing the political landscape.
	Tax Experts Urge Wider Review Of UK Inheritance Tax 10/27/2010 The Chartered Institute of Taxation has criticized the government's latest effort to crack down on inheritance tax avoidance, suggesting that a wider examination of the policy objects of the tax is needed rather than piecemeal anti-avoidance rules.
	EU Inheritance Tax Consultation Nears End 10/19/2010 The European Commission has reminded interested parties that its consultation on inheritance tax laws in the European Union closes at the end of this month.
	Wine Investors Face 'Huge' UK Tax Bill 10/8/2010 Investors in wine are building up huge unexpected tax bills having been misled over HM Revenue and Customs's tax treatment of wine, according to UHY Hacker Young.
	EC Targets 'Discriminatory' Dutch Tax Laws 10/5/2010 The European Commission has requested that the Netherlands change discriminatory tax rules pertaining to certain succession and gift duties.
	Semeta Sets Out EU Tax Policy 10/5/2010 European Taxation Commissioner Algirdas Šemeta has announced that he will issue a formal proposal next year for the controversial common EU tax base as part of efforts to reduce the costs of doing business across EU borders.
	EC Attacks Discriminatory Taxes 10/4/2010 The European Commission has sent formal requests to Germany, Greece and Belgium to change their tax rules as it considers them to be discriminatory.
	Cable Threatens Wealth Tax In UK Taxpayer Onslaught 9/28/2010 Liberal Democrat Deputy Leader, and Business Secretary, Vince Cable has delivered an assault on affluent Britons and the capitalist system, whilst urging the introduction of wealth taxes, in his address to the Liberal Democrat conference on September 22.
	Liechtenstein Gives Green Light To Tax Reforms 9/29/2010 Determined to increase the attractiveness of Liechtenstein as a finance centre, the principality’s state parliament has adopted the government’s bill for a comprehensive reform of taxation, and has given the green light for the law to enter into force as planned on January 1, 2011.
	EC Consults On Cross-Border IHT Issues 9/2/2010 The European Commission has announced the launch of a consultation on tackling cross-border inheritance tax obstacles within the European Union.
	HMRC Revises Inheritance Tax Policy 8/27/2010 The UK tax authority, HM Revenue and Customs, has amended its compliance policy concerning inheritance tax after finding that existing guidelines were not working well for either the taxpayer or the tax man.
	UK Taxpayer Wins Key IHT Case 8/26/2010 The UK tax authority, HM Revenue and Customs has been refused permission to appeal in the case against the decedents of Lord Balfour with respect to inheritance tax to be paid on the estate, a determination that will have implications for future cases which are similar in nature.
	IHT Win For German Civil Partnerships 8/23/2010 The German Constitutional Court has ruled that discriminatory inheritance tax rates for same-sex couples are unconstitutional.
	UK Launches Raft Of Tax Consultations 7/28/2010 Exchequer Secretary to the Treasury, David Gauke, has published nine documents for discussion and consultation relating to tax, following commitments made at the June budget.
	Republicans Fail To Kill US Death Tax 7/23/2010 The latest attempt by Republican Senator Jim DeMin in the US Congress to permanently repeal estate tax, which is due to kick back in at pre-2001 levels next year, has stalled in the Senate.
	Draw On Pension Or Face Inheritance Tax Bill 7/23/2010 Though rules on purchasing annuities have been relaxed, UK pensioners are being warned that their beneficiaries will face Inheritance Tax bills if they do not draw down their pension fund at some time during their life.
	Japanese Court Issues Key Pension Tax Ruling 7/9/2010 The Japanese Supreme Court has overturned a previous ruling by a lower court and ruled that double taxation on pension insurance payments is illegal.
	HMRC Publishes Tax Consultations 7/6/2010 The UK tax authority, HM Revenue and Customs, has published details of the tax consultations announced by the Chancellor in the emergency budget.
	Luxembourg IHT Law Under Fire 6/29/2010 It has recently emerged that the European Commission has officially asked Luxembourg to amend its legislation on inheritance tax.
	Cameron Mulls Future Of 50% Tax 5/25/2010 UK Prime Minister David Cameron has suggested that the new coalition government would be prepared to axe the 50% top rate of tax if it did not lead to substantial new revenues for the Treasury.
	UK Coalition Urged To Foster Enterprise 5/14/2010 The Head of UK private business at PricewaterhouseCoopers has announced a wish-list for the new coalition government to foster and encourage private businesses and entrepreneurs in the UK.
	Tories Give Ground On UK Tax 5/13/2010 The Conservatives appear to have given significant ground in the area of taxation in order to secure a coalition agreement with the Liberal Democrats.
	Tories And Lib Dems Continue Talks 5/11/2010 The Conservative and Liberal Democrat parties are continuing their talks towards forming a coalition government following last week's UK general election, which resulted in the first 'hung parliament' in the UK for 30 years.
	Irish Family Businesses Mitigate Tax 5/10/2010 2009 saw a marked increase in intra-family business transfers, with family businesses bringing forward transfers to mitigate future tax bills in light of proposed changes to inheritance tax, gift tax and capital gains tax relief in Ireland, according to an accountancy firm.
	Liechtenstein Adopts Tax Reform Law 5/7/2010 Liechtenstein’s government has approved plans for creating a new tax act, designed to modernize the existing Liechtenstein Tax Act of 1961.
	UK Treasury Benefits From Poor IHT Planning 4/29/2010 UK taxpayers will waste nearly GBP2bn this year due to poor inheritance tax planning, according to new research.
	EC To Tackle Double Taxation 4/28/2010 The European Commission has this week launched an online public consultation to ask individuals, companies and tax advisers for information on the double taxation problems that they have encountered when operating across borders within the European Union.
	Survey: Tax Central Issue In UK Election 4/27/2010 A survey conducted by the Association of Chartered Certified Accountants has found that 43% of UK citizens say tax will be the biggest influence over their voting decision at the forthcoming general election, but more than 80% feel they have little or practically no understanding of the main political parties’ tax policies.
	Indian Fair Value Tax Rules Are Issued 4/20/2010 The Indian Central Board of Direct Taxes has now produced formulae to determine the fair market value of shares and other gifted property for calculating tax, which will apply after the finance bill is passed in Parliament. These are being scrutinized with some apprehension by private equity market specialists.

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Stories that are tagged 'inheritance tax'

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