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Swiss Tax Deals Pass First Parliamentary Hurdle 5/21/2012 Passing the first important hurdle, the Swiss Committee for Economic Affairs and
Taxation in the Council of States, or upper house of parliament, recently voted in favour of the withholding
tax agreements with Germany, the UK, and Austria.
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Austria, Luxembourg Block EU Savings Tax Proposals 5/18/2012 Much to the deep annoyance and extreme frustration of European Union Tax Commissioner
Algirdas Semeta, Austria and Luxembourg have blocked the European Commission’s
plans to negotiate new and stronger savings tax agreements with Switzerland, Monaco,
Liechtenstein, Andorra and San Marino, aimed at strengthening cooperation in tax
matters.
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Swiss Asset Managers Slam 'Incoherent' Financial Centre Strategy 5/17/2012 During its general assembly in Zurich, the Swiss Association of Asset
Managers criticized the government’s ‘white money strategy’,
a new financial market policy geared towards the management of taxed assets, calling instead
for a coherent strategy for the Swiss financial centre.
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Cayman Regulatory Framework Endorsed 5/15/2012 Cayman Finance has welcomed the results of an independent study which places the
Cayman Islands among only two offshore territories which have consistently implemented internationally-accepted
standards on identity verification during due diligence processes.
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San Marino Urged To Consider New Economic Model 5/11/2012 Despite a 15% decline in tax revenues in San Marino over the past two years,
authorities have been able to maintain a comparatively low deficit. However, the most significant
challenges relate to the stability of the nation's banking sector, which has suffered capital flight as tax transparency initiatives gain ground, a new International
Monetary Fund report says.
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Italy, Switzerland Agree To Tax Talks 5/11/2012 Following the recent positive developments with regard to the tax treaties between
Switzerland and various European Union member states, a meeting held on May 9
between Swiss and Italian officials has agreed to the establishment of a working
group to resolve the outstanding tax problems between their two countries.
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Jersey Enhances Regulatory Cooperation With Germany 5/9/2012 The Jersey Financial Services Commission has announced the signing of a cooperation
agreement to boost its relationship with the German banking, insurance and investment firms'
regulator, the Bundesanstalt fur Finanzdienstleistungsaufsicht.
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Swiss Left Seeks To Delay Debate On Tax Deals 5/4/2012 Switzerland’s Social Democrats have threatened to block in parliament
the landmark withholding tax agreements concluded recently with Germany, the
UK and Austria, if the treaties are not in accordance with the party line.
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Uruguay To Exchange Tax Information With Argentina 5/1/2012 Uruguay has agreed to share tax information with Argentina, under a landmark double
tax agreement recently signed between the two nations.
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Di Pietro Calls For Tax Treaty With Switzerland 5/1/2012 Antonio di Pietro, the former anti-corruption magistrate and present
leader of the Italia dei Valori opposition party, has written in his blog that
the Italian government should now be looking to garner the EUR40bn (USD53bn) in
tax revenue that could be available by concluding a tax treaty with Switzerland.
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Switzerland To Conclude TIEAs 4/27/2012 The Swiss Federal Council has recently taken the decision to agree to the international
standard on administrative assistance not only in double taxation agreements,
but also in so-called tax information exchange agreements.
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Gibraltar Consults Industry On Transparency Enhancements 4/24/2012 The Gibraltar government is seeking input from the finance industry to help it form a response to recommendations received from the Organization for Economic Cooperation and Development on improvements deemed necessary to the territory's fiscal transparency frameworks for the exchange of tax information.
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Swiss Parliament Adopts Tax Deal With Austria 4/25/2012 Switzerland’s Federal Council has recently adopted the text of the
withholding tax agreement with Austria.
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London Invokes Clause To Improve Swiss Tax Deal 4/24/2012 In a diplomatic note, the UK has called for changes to be made to the bilateral
withholding tax agreement concluded with Switzerland last October, aimed at
resolving the issue of the undeclared wealth of British residents held in Swiss
banks.
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Swiss Lawmakers To Examine German, UK Tax Deals 4/23/2012 The Swiss Federal Council has recently submitted to parliament the bilateral
withholding tax agreements with Germany and the UK, together with the Federal
Act on International Withholding Tax, designed to implement the new agreements.
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SVG's Tax Transparency Endorsed 4/20/2012 Saint Vincent and the Grenadines has welcomed the adoption of a report
by the Organization for Economic Cooperation and Development that
confirms the territory has adequate frameworks in place to meet international standards on tax transparency
and information exchange.
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Liechtenstein, Austria Eye Withholding Tax Deal 4/18/2012 Austria reportedly plans to re-launch talks with Liechtenstein at the end of
April, aimed at negotiating a bilateral tax deal between the two countries to
resolve the issue of untaxed assets held by Austrian residents in the Principality’s
banks.
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Swiss Bankers Welcome Tax Deal With Austria 4/18/2012 The Swiss Bankers Association has recently taken note of the signing
of the bilateral tax agreement between Switzerland and Austria, and has welcomed
the fact that the Confederation’s strategy for tax conformity, defined
over two years ago, has now been substantiated with a third European country
following the agreements signed with the UK and with Germany.
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OECD Issues New Peer Reviews 4/5/2012 The Organization for Economic Cooperation and Development, publishing eleven new peer reviews, has said that the vast majority of territories which have been subject to critical assessments have implemented satisfactory legislative regimes that can facilitate the exchange of information on request.
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Switzerland Snubs Tax Deal With Austria 3/28/2012 The Swiss government has no firm plans to conclude a bilateral tax agreement with Austria to resolve the longstanding issue of undeclared bank accounts held by Austrian nationals in the Confederation’s banks despite claims to the contrary by the Austrian government.
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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.
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Germany Seeks To Iron Out Swiss Tax Deal Issues 3/19/2012 Following recent ‘constructive’ talks with his colleagues from Social
Democrat- and Green Party-led federal states, German Finance Minister Wolfgang
Schäuble has agreed to hammer out with Switzerland certain changes to the
bilateral Swiss-German tax deal, signed in September.
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Liechtenstein Initials TIEA With Japan 3/15/2012 Delegation leaders have recently initialled the bilateral tax information exchange
agreement between Japan and Liechtenstein, following the conclusion of
negotiations.
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Jersey Signs Tax Data Sharing Pact With Italy 3/14/2012 The Jersey government on March 13, 2012, signed a bilateral agreement with Italy
to exchange tax information on request in accordance with the Organization
for Economic Cooperation and Development's internationally-agreed standard on tax transparency and information exchange.
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Swiss Lawmakers Give Go-Ahead To Amended US DTA 3/9/2012 Marking a significant step forward in the longstanding tax dispute between the
two countries, the Swiss National Council, or lower house, has recently given
the green light to an amendment to the bilateral double taxation agreement with the US, permitting grouped requests.
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IMF Spells Out San Marino's Fiscal Challenges 3/8/2012 With San Marino adopting tax transparency, the territory now faces significant challenges in stabilizing the country's banking system and implementing structural tax reforms to provide stable tax revenues, the International Monetary Fund says.
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South Africa Extends Its TIE Network 3/6/2012 The South African Revenue Service has disclosed that a protocol to facilitate
the exchange of tax information within the existing double taxation agreement between South Africa and Austria has recently entered into force, as have tax
information exchange agreements with Bermuda, the Cayman Islands, Guernsey, Jersey
and San Marino.
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Swiss Lawmakers Pass Extended Tax Assistance Law 3/6/2012 The Swiss National Council has recently adopted the government’s new law
on administrative assistance in tax matters, by 113 votes to 58. The National Council also voted in favour in principle of the planned revisions to the Swiss-US double tax agreement.
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IoM Mulls FATCA Implications 2/28/2012 The Isle of Man government has announced that it may work with a number of other countries in order to help reduce the compliance burden of the United States Foreign Account Tax Compliance Act on the jurisdiction's financial services industry.
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Switzerland Confirms Financial Centre Strategy 2/27/2012 The Swiss Federal Council has recently held talks on a 'credible' financial centre strategy designed to deflect international criticism over issues such as tax and banking secrecy.
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Greece Signs Up To Multilateral Tax Convention 2/23/2012 Greece has become the latest signatory to the Convention on Mutual Administration
Assistance in Tax Matters, which promotes international cooperation in the assessment
and collection of taxes through multinational information exchange.
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UK Insurers Braced For FATCA Impact 2/23/2012 Proposed US regulations will impact on UK insurers in spite of hopes that they might have been excluded from the Foreign Account Tax Compliance Act regime.
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Austria Launches Talks On Swiss Tax Deal 2/22/2012 Austria’s Finance Minister Maria Fekter has recently announced that talks
on a planned bilateral tax agreement with Switzerland are due to begin in April.
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Jersey Reviewing FATCA Impact 2/17/2012 The Jersey government has published an initial response to the release of further details by the US tax authority and Treasury on the US Foreign Account Tax Compliance Act, which will impact Jersey's financial services industry.
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St Kitts And Nevis Boosts Tax Cooperation 2/10/2012 Saint Kitts and Nevis's Cabinet has approved the signing of a Tax Information Exchange
Agreement with India and has endorsed the commencement of negotiations towards
similar agreements with a further four nations.
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US To Cooperate With EU Countries On FATCA 2/10/2012 The United States Treasury Department and the Internal Revenue Service have
issued proposed regulations for the next major phase of implementing the Foreign
Account Tax Compliance Act, which also includes a joint statement with
France, Germany, Italy, Spain and the United Kingdom on a possible government-to-government
framework for information exchange.
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Liechtenstein, UK Seal Tax Treaty 2/9/2012 During a recent working visit to Vaduz by Dave Hartnett, UK Permanent Secretary for
Tax, Liechtenstein and the UK initialled a landmark
comprehensive bilateral Income Tax Treaty, and extended the unique Liechtenstein
Disclosure Facility.
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Switzerland, EU Set For Tax Clash 2/9/2012 Switzerland’s Federal Council has recently announced the next steps for the continuation of bilateral negotiations with the European Union, including in the contentious area of taxation.
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Swiss-German Tax Deal Under Threat 2/8/2012 Social Democrat controlled states throughout Germany reportedly plan
to block the bilateral tax agreement between Switzerland and Germany in the
German Bundesrat, or upper house of parliament, during a crucial vote on February 10.
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Panama Plans More TIEAs 2/1/2012 Panama's Minister for the Economy and Finance, Frank De Lima has confirmed
the government will continue to seek out tax information exchange agreements
with other nations despite having reached the twelve
agreement quota set for inclusion on the Organisation for Economic Cooperation
and Development's white list.
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Manx Contribution To UK Economy Highlighted 1/31/2012 The role played by the Isle of Man in supporting the creation of jobs and growth
in the United Kingdom economy has been praised by the Lord Mayor of the City of
London, David Wootton, during his first visit to the island.
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India Signs Multilateral Tax Cooperation Convention 1/30/2012 India is the latest signatory to join the multilateral Convention on Mutual
Administrative Assistance in Tax Matters, an agreement drafted to promote international
tax cooperation.
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Malta Signs TIEA With Gibraltar 1/27/2012 Malta has welcomed the signing of a Tax Information Exchange Agreement with Gibraltar,
which will provide both countries with tax information on request when there is evidence of fiscal crime.
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US Treasury Aims To Lower FATCA Burdens 1/30/2012 During her remarks at the New York State Bar Association Annual Meeting, Acting
Assistant Secretary for Tax Policy, Emily McMahon, indicated that regulations
for the implementation of the provisions of the Foreign Account Tax Compliance Act are in the final stages of clearance at the United States Treasury and
the Internal Revenue Service.
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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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Miliband Comments 'Lack Credibility', Say Guernsey, IoM 1/20/2012 Guernsey and the Isle of Man have joined Jersey in denouncing as erroneous the comments
of the leader of the opposition Labour Party in the UK, Ed Miliband, in which
he called for the European Union to take action against territories such as the
Crown Dependencies on tax transparency concerns.
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Jersey Hits Back At Labour's Tax Haven Slur 1/19/2012 Jersey has responded to comments made by Ed Milliband, the leader
of the opposition Labour Party party in the United Kingdom, urging that action should be taken by the European Union against British Crown Dependencies,
including Jersey.
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Barbados Works To Defend International Image 1/16/2012 Barbados's Minister of International Business and International Trade, George Hutson
has noted the efforts made by the government to meet international standards to
ensure the continued growth of the country as an international financial centre.
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Cayman TIEA With India Enters Into Force 1/6/2012 The Indian Income Tax Department has announced the implementation of a pending tax agreement
with the Cayman Islands which will provide both nations'
tax authorities with access to tax information on request now the agreement has entered into force.
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US Busts Extensive Panamanian Money-Laundering Racket 1/3/2012 The US Department of the Treasury's Office of Foreign Assets Control has announced
a major crackdown on an extensive money laundering network based primarily in
Panama, which includes several money exchange businesses based in the nation.
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UK, Liechtenstein Agree Changes To LDF 12/26/2011 Changes to the existing tax deal between the UK and Liechtenstein are set to make the agreement more transparent and easier to use, HM Revenue and Customs has said.
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US 'Near To Deal' With Swiss Banks 12/22/2011 Eleven Swiss banks are reportedly being offered a
deal by the United States government, under which they would not be prosecuted
if they were to disclose full details of their offshore business with US taxpayers.
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IRS Promises Guidance On Foreign Financial Asset Reporting 12/19/2011 The United States Internal Revenue Service has disclosed that it will shortly release a new information reporting form that taxpayers will use to report specified foreign financial assets to comply with the provisions of the Foreign Account Tax Compliance Act.
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Swiss State Council Backs US Tax Deal Amendment 12/16/2011 After having dragged its heels, Switzerland’s State Council finally voted
in favour recently of plans to provide mutual assistance to the US authorities
in cases of alleged tax evasion involving group requests, based on patterns
of behaviour in the absence of specific account details.
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Jersey Finance Welcomes New Tax Pacts 12/13/2011 Jersey Finance, the promotional agency for the island’s financial services industry, has welcomed the signing of two tax cooperation agreements with Japan and Poland and the commencement of negotiations with Hong Kong towards a double tax avoidance pact.
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CARICOM Slams Sarkozy's Tax Haven Slur 12/12/2011 The Caribbean Community’s Council for Trade and Economic Development has publicly rebuked French President Nicolas Sarkozy’s characterization of three of its member states as 'tax havens'.
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Jersey Businesses Challenge Altered Transparency Goalposts 12/8/2011 The Jersey Chamber of Commerce, which represents Jersey's private sector businesses, has
urged the island's decision makers to pause for thought prior to agreeing to
a new raft of demands from advanced nations on tax information exchange.
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Panama Ditches French Credit Line On Tax Haven Slur 12/5/2011 The Panamanian government has announced its decision to withdraw from a multimillion
funding arrangement with a French banking institution in retaliation for comments
made by French Minister for the Budget and Public Accounts, Valerie Pecresse, in
which Panama was labelled uncooperative in tax matters.
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Antigua And Barbuda Addresses OECD Concerns 11/30/2011 The government of Antigua and Barbuda is due to undertake amendments to the island's legal framework
for tax information exchange to address deficiencies highlighted in the latest
phase-one assessment from Organization of Economic Cooperation and Development
members.
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Switzerland Adopts Four DTAs 11/29/2011 Switzerland’s Federal Council has adopted texts for four further
double taxation agreements, which will now be submitted to parliament
for approval.
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EU Challenges Switzerland's Landmark Tax Deals 11/29/2011 The European Commission plans to challenge landmark bilateral
tax deals concluded between Switzerland and the UK and Switzerland and Germany pertaining to
the taxation of savings held by British and German investors in Swiss bank accounts.
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Bermuda, Malta Conclude TIEA 11/28/2011 The Bermuda government has welcomed the signing of a landmark Tax Information Exchange Agreement with Malta, which will establish a legal platform to allow the respective countries to exchange information in tax matters on request.
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Switzerland To Amend US Mutual Assistance Order 11/22/2011 Switzerland’s Federal Council has recently approved an amendment to the
ordinance on the bilateral double taxation agreement between Switzerland
and the United States dating back to 1996, to ensure that the procedural rights
of affected persons domiciled in the United States remain guaranteed even if
administrative assistance requests are submitted based on certain patterns of
behaviour.
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Isle of Man Set To Introduce Foundations 11/18/2011 The Isle of Man's Treasury Minister Eddie Teare has welcomed the announcement of
Royal Assent to new legislation
that would permit the establishment of foundations in the territory, enhancing
its position as a centre for international wealth management.
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Swiss Lawmakers Approve US Info Exchange Amendment 11/15/2011 The Swiss Foreign Affairs Committee of the Council of States, Switzerland’s
upper house of parliament, has recently adopted a federal decree pertaining to
an amendment to the 2009 bilateral double taxation agreement in place between
Switzerland and the US.
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Canada, Barbados Amend DTA 11/10/2011 Canada and Barbados have inked a protocol to their existing double tax agreement, designed to bring the treaty up to date with modern standards on the exchange of information.
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Barbados Working On Tax Transparency 5/1/2012 Barbados's Minister responsible for International Business, George Hutson has denied
recent claims from the island's business association that the government has failed
to do enough to prove to the OECD
that it has implemented the reforms necessary to exchange tax information in line
with international standards.
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Canada Signs Revised Tax Information Exchange Agreement 11/9/2011 Canada has signed the updated Convention on Mutual Administrative Assistance in Tax Matters, Finance Minister Jim Flaherty has announced.
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Guernsey Confirmed As A Leader In Financial Stability 11/9/2011 The Guernsey authorities have welcomed a report commissioned for the recent G20 summit which recognizes that the jurisdiction has demonstrated strong adherence to international co-operation and information exchange.
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Swiss-Greek Tax Deal In The Offing 10/31/2011 Government officials from Greece and Switzerland have discussed
in further detail the proposed negotiation of a tax agreement between the two
countries akin to those Switzerland has signed with Germany and the United Kingdom.
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Jersey Effectively Implementing Tax Information Exchange 10/27/2011 Jersey Finance has welcomed the findings of the Global Forum on Transparency and
Exchange of Information for Tax Purposes which reported on Jersey's progress in developing a transparency and tax information exchange regime in line with developing international standards.
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New Zealand Tax Man Targeting Overseas Accounts 10/19/2011 New Zealand Inland Revenue has issued a revenue alert advising people that they are required to declare all income from foreign sources.
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Canada, SVG Begin Tax Information Exchange 10/13/2011 Last year's tax information exchange agreement signed between Canada and St. Vincent and the Grenadines has entered into force, the provisions of which are based on the Organization for Economic Cooperation and Development’s internationally agreed standard on exchange of tax information.
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Andorra Readies New Taxes 10/12/2011 During a recent official visit to France, the head of the Andorran government
Antoni Marti Petit, accompanied by President of the Andorran parliament Vicenç
Mateu Zamora, confirmed plans to introduce a range of taxes in the principality
in 2012.
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Italian Court Throws Out Offshore Account Holder List 10/10/2011 An Italian court near Turin has adjudicated that the list containing details
of foreign account holders taken in 2008 from HSBC in Switzerland cannot be
utilized by the Italian tax authorities, as its taking was itself a crime.
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Switzerland, UK Seal Tax Deal 10/10/2011 Swiss Federal Councillor Eveline Widmer-Schlumpf and UK Exchequer Secretary
to the Treasury David Gauke recently signed a landmark tax agreement in London,
concerning the taxation of UK investors’ income in Switzerland.
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German Banks Welcome Swiss Tax Deal 9/29/2011 The Association of German Banks (Bundesverband deutscher Banken – BdB),
representing private commercial banks and member ssociations in Germany, has broadly
welcomed the aim of the recently concluded bilateral tax deal between Germany
and Switzerland.
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IRS Called On To Suspend Reporting Rule 9/29/2011 The Chairman of the House of Representatives Ways and Means Subcommittee on Oversight,
Charles Boustany, has called on the United States Treasury Secretary, Timothy
Geithner, to suspend the proposed Internal Revenue Service regulation that
would require banks to disclose interest paid to non-resident aliens.
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Guernsey Leading Field In Tax Cooperation With Africa 9/27/2011 The States of Guernsey is set to conclude a further six bilateral Tax Information
Exchange Agreements that have been negotiated with members of the Southern
African Development Community, in line with the Organization for
Economic Co-operation and Development’s priority of working closely
on tax issues with developing countries.
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Germany, Switzerland Seal Landmark Tax Deal 9/23/2011 Switzerland and Germany have now signed a landmark tax agreement aimed
at resolving the outstanding issues that have existed for decades between the
two countries concerning the taxation of German investors' investment
income in Switzerland.
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Flaherty Slams FATCA 9/22/2011 Canada is not a tax haven, the country's Finance Minister, Jim Flaherty, has said, warning that any attempts by the US to rigidly impose its Foreign Account Tax Compliance Act on Canadians would accomplish little.
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Italy, Switzerland Attempt Rapprochement On Tax 9/19/2011 An attempt has been made, during a meeting organised by the Italian Senate’s
Foreign Affairs Committee, to unblock the stalled negotiations for a double taxation
agreement between Italy and Switzerland.
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Preliminary Results From US 2011 Offshore Disclosure Initiative 9/19/2011 The United States Internal Revenue Service has disclosed that the recently-completed
offshore voluntary offshore initiative has pushed the total number of voluntary
disclosures up to 30,000 since 2009.
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Bermuda, South Africa Sign TIEA 9/7/2011 A tax information exchange agreement between their two countries was signed
on September 6 by Bermuda’s Premier, Paula Cox (pictured), after it had been signed
in South Africa by the Minister of Finance, Pravin Gordhan, and then couriered
to Bermuda for signature.
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Hurricane Causes IRS To Extend Offshore Disclosure Deadline 8/31/2011 After reminding United States taxpayers earlier this month of its impending deadline,
the possible impact of Hurricane Irene has forced the Internal Revenue Service to give United States taxpayers a further period of time to participate
in the 2011 Offshore Voluntary Disclosure Initiative.
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Italian Opposition Calls For Swiss Tax Pact 8/30/2011 Francesco Boccia, a leading economic spokesman for the Partito Democratico,
Italy’s largest opposition party, has urged the government to use the opportunity
of the recent Swiss tax agreements with Germany and the United Kingdom to kick-start
its own stalled negotiations with Switzerland.
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Luxembourg-HK DTA Protocol In Force 8/26/2011 The Hong Kong government has announced the coming into effect of the Protocol to the bilateral agreement for the avoidance of double taxation with Luxembourg
and Hong Kong, signed in November 2010.
|
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Tax Experts Unconvinced Over UK-Swiss Tax Deal 8/29/2011 While the government has hailed the UK's landmark tax deal with Switzerland, experts have warned that the agreement could lead to people simply moving their assets elsewhere.
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UK, Swiss Tax Deal Revealed 8/26/2011 Hot on the heels of a similar deal with Germany, Swiss authorities have initialed a landmark deal with the UK, which will permit the taxation of funds held by UK residents in Swiss bank accounts.
|
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China-Guernsey TIEA Is In Force 8/24/2011 The tax information exchange agreement between Guernsey and the People’s
Republic of China entered into force on August 17, 2011.
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Bermuda, Czech Republic Ink TIEA 8/18/2011 A tax information exchange agreement has been signed between Bermuda and the Czech Republic following the internationally-agreed standard.
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Switzerland, Germany Conclude Landmark Tax Deal 8/12/2011 In a move to quash longstanding tax disputes between the German government
and Swiss financial institutions, the governments of Germany and Switzerland
on August 10 concluded negotiations on tax issues and initialled a framework for the future taxation of funds deposited in Switzerland by German residents.
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Bills Introduced To Deny IRS Reporting Rule 8/9/2011 Bills have now been introduced in both the Senate and the House of Representatives
seeking to prevent the Internal Revenue Service from introducing a proposed
rule on the reporting of interest paid to non-residents by United States banks.
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South Korea, Bahamas Sign TIEA 8/8/2011 The South Korean Ambassador to the United States, Han Duck-soo and
the Bahamian Ambassador, Cornelius Smith, have signed a bilateral tax information
exchange agreement at the South Korean Embassy in Washington.
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Swiss-German Tax Deal Near 7/26/2011 The cornerstones of Germany’s tax agreement with Switzerland, designed to
resolve the controversial issue of legalizing undeclared and untaxed wealth held
by German citizens in Swiss bank accounts, have reportedly been agreed.
|
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Swiss Court Deems UBS Disclosure Lawful 7/21/2011 Switzerland’s Federal Supreme Court has recently ruled that the disclosure
of UBS customer data by the Confederation’s Financial Market Supervisory
Authority to the US Department of Justice was lawful.
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Jersey Off Levin's 'Black List' 7/20/2011 The Jersey government has welcomed the revelation that Jersey has been removed
from a list of countries US Senator Carl Levin proposes to penalize for acting
as so called 'tax havens', in the latest version of the 'Stop Tax
Haven Abuse Act'.
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South Korea To Investigate Offshore Bank Accounts 7/15/2011 South Korea’s National Tax Service has announced that it will investigate
offshore bank accounts held by taxpayers with balances of more than KRW1bn.
|
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Guernsey Removed From Levin's 'Blacklist' 7/18/2011 Guernsey’s engagement with Washington has resulted in Democrat Senator
Carl Levin removing the island from his 'blacklist', the Guernsey
government has announced.
|
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US Issues Plans To Phase In FATCA 7/18/2011 The United States Treasury Department and the Internal Revenue Service have
issued a notice announcing plans to phase in the requirements of the Foreign Account
Tax Compliance Act.
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