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Morocco Suspends Import Duty On Cereals 5/8/2012 During a recent sitting in Rabat, presided over by Moroccan head of government Abdelilah
Benkirane, Morocco’s governing council examined and adopted two bills exempting
durum, soft wheat and barley from import duty.
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Belgium Unites On Fiscal Consolidation Measures 3/13/2012 The Belgian government has finally united on further fiscal consolidation measures
totalling almost EUR2.5bn (USD3.3bn), in addition to the EUR11.3bn already provided
for in the country’s original 2012 budget agreed by coalition parties back
in December.
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Sarkozy, Hollande Lock Horns On Taxation 3/14/2012 With just a month and a half to go before the start of the elections, French presidential
candidates Nicolas Sarkozy and his Socialist rival François Holland have
once again crossed swords on the key battleground issue of taxation.
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France's Hollande Eyes 75% Tax Rate 3/1/2012 French Socialist candidate for the Elysée François Hollande has recently announced plans if elected to introduce a top rate of income tax
in France of 75%, imposed on income in excess of EUR1m (USD1.3m) a year.
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Dutch Central Bank Deems FTT 'Unworkable' 2/10/2012 The Dutch central bank has recently insisted that the introduction of
a European financial transaction tax is ‘undesirable’, and
warned that it is indeed doubtful whether it will counteract risky market
behaviour.
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Germany's FDP Eyes Saver Tax Relief 2/8/2012 Germany’s ruling Free Democratic Party has recently put forward
the idea of raising the savers' tax-free allowance to compensate for a tax imposed
on financial transactions.
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India Raises Precious Metal Duty 1/25/2012 India has raised the import duty on silver and gold, in a move set to increase revenues with prices for the precious metals expected to remain buoyant.
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Obama To Propose 'Insourcing' Tax Breaks 1/13/2012 United States President Barack Obama has announced that he will put forward new tax proposals in the coming weeks designed to reward companies that choose to invest or bring back jobs to the United States, and to eliminate tax advantages for companies moving jobs overseas.
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Hong Kong Property Deals Down Sharply 1/12/2012 The Land Registry of Hong Kong has announced that it recorded 108,814 sale and purchase agreements for all building units for 2011, down 33.1% year on year and down 18.8% when compared with 2009.
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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.
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Taiwan Takes First Step To Property Tax Changes 12/15/2011 Taiwan’s Legislative Yuan has passed amendments to the law governing the
registration of real estate sale prices, which might represent the first step
in changing the basis of calculation of property taxes.
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Semeta Outlines Common Rules For European FTT 10/4/2011 The European Commission has outlined common rules for the
introduction of the proposed financial transactions tax.
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Berlin Institute Favours Financial Transactions Tax 9/29/2011 Financial experts from the Deutsche Institut für Wirtschaftsforschung,
the largest economics research institute in Germany, have called for a financial
transactions tax to be introduced as quickly as possible – if necessary
in just the eurozone.
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Greece Targets Online Tax Evaders 9/1/2011 The Greek government has announced the formation of a specialist team of 200
to tackle technology-related tax evasion, in particular involving online gambling and stock market speculation, among other activities.
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Is The EU Heading For Fiscal Convergence? 8/16/2011 With member states fundamentally rethinking the functioning of the European Union, one thing seems certain to emerge from the Eurozone crisis: that proponents of a fiscal union (that countries' budget policies should largely be governed by the EU) have gained significant ground on those that would advocate the continuation of fiscal sovereignty.
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Brazil Introduces Tax On Currency Futures 8/1/2011 As its battle against currency appreciation continues, the Brazilian government has introduced a new tax designed to curb the profitability of currency speculation.
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Hong Kong Issues Special Stamp Duty Guidance 7/27/2011 For the information of duty payers and their tax representatives, Hong Kong’s
Inland Revenue Department has issued interpretation and practice notes concerning
the special stamp duty, that was introduced by the government in November
last year.
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New Zealand Labour Party Reveals Tax Plans 7/18/2011 New Zealand opposition leader Phil Goff has revealed the Labour Party's plans for the country’s economy, including introducing a capital gains tax and an increase in the top tax rate. The plans were unsurprisingly met with scorn by the government.
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