 |
Spain Moves Tax Goalposts For E-Gaming Firms 5/27/2012 The Spanish tax authority has required that online operators with customers in Spain pay back-taxes under two historic laws that previously were not applied to offshore online gaming.
|
 |
Pelosi Urges Permanent US Middle Class Tax Cuts 5/27/2012 The Democrat Party Leader in the United States House of Representatives, Nancy
Pelosi, has called on its Republican Speaker John Boehner to bring a permanent extension of the Bush individual income
tax cuts for those on middle incomes to the House floor immediately.
|
 |
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.
|
 |
Australian Air Tax To Hit NZ Holidaymakers 5/25/2012 The latest hike in Australia's passenger movement charge will cost New Zealanders an additional NZD12.4m (USD9.3m) this year alone, a measure described by tourism bosses as a 'slap in the face' for the industry.
|
 |
EU Funding To Boost Caribbean EPA Implementation 5/25/2012 The Caribbean Development Bank and the European Union have agreed to fund a multi-million facility to aid members of the Caribbean Community in implementing the necessary reforms to allow them to fully benefit from the preferential trade conditions provided for in the CARIFORUM-EU Economic Partnership Agreement.
|
 |
EP Adopts 'Ambitious' FTT Resolution 5/27/2012 During a recent plenary session, the European Parliament adopted an ambitious
approach on a possible financial transactions tax.
|
 |
HKMC Improves SME Financing Guarantee Scheme 5/25/2012 The Hong Kong Mortgage Corporation Limited has announced that with the
government’s support, it will introduce a new 80% loan guarantee product
under the SME Financing Guarantee Scheme, from May 31, 2012 and for a period
of nine months.
|
 |
Rutte Intent On Growth And Fiscal Discipline 5/27/2012 Following the recent informal European Council meeting in Brussels, Dutch Prime
Minister Mark Rutte emphasized that growth and sound financial policy ‘are
not mutually exclusive but in fact go hand in hand’.
|
 |
Tax Rates Inch Up In EU27 5/25/2012 In its 2012 edition of the publication 'Taxation trends in the European
Union', Eurostat, the statistical office of the European Union, highlights
the observed increase in value-added tax rates, corporate tax rates and top personal
income tax rates in 2012, among the twenty-seven European Union member states.
|
 |
CBI Urges Corporate Tax Powers For Northern Ireland 5/24/2012 A lower corporation tax rate would give Northern Ireland's economy a 'shot in the arm', the head of the Confederation of British Industry Northern Ireland has said, calling for power to set the rate to be devolved.
|
 |
UK MPs Critical Of HMRC Compliance Activity 5/25/2012 Cutting staff numbers has cost HM Revenue and Customs GBP1.1bn (USD1.7bn) in revenue over the past five years, a group of UK lawmakers has said in a report that also chastises HMRC for allegedly encouraging the use of tax avoidance schemes by senior public sector employees.
|
 |
EU Focuses On Growth 5/25/2012 Commenting on the outcome of the recent informal European Council meeting in
Brussels, European Council President Herman Van Rompuy announced that an agreement
had been reached on plans to work towards a growth strategy and on the need
to strengthen economic union to make it commensurate with monetary union.
|
 |
Kirk Looks At Future Of US-EU Trade Relations 5/25/2012 After, earlier this month, the European Commissioner for Trade Karel De Gucht
had foreseen the possibility of a comprehensive free trade agreement between
the United States and the European Union in 2014, the US Trade Representative
Ron Kirk provided his view on US-EU trade policy during a recent speech in
London.
|
 |
IRS Plugs Small Businesses Tax Credits 5/25/2012 The United States Internal Revenue Service is encouraging small business
owners to check out two tax credits and a special relief programme that could
provide them with significant tax benefits during 2012.
|
 |
CBO Warns Of Recession Risks Of US 'Fiscal Cliff' 5/25/2012 The Congressional Budget Office has illustrated the difficult choices that
United States political leaders face in formulating the right fiscal policies
to counteract what has been called the largest tax increase in history, set to
take place on January 1, 2013.
|
 |
Philippines Achieves Record Fiscal Surplus In April 5/24/2012 The government of the Philippines saw a record fiscal surplus in April 2012,
due to continued double-digit growth in revenue collections which were more than
enough to support accelerated public spending.
|
 |
Germany Unites On Draft 2013 Finance Act 5/24/2012 The German cabinet has recently united on the country’s 2013 finance bill,
together with the transport tax amendment bill, modifying both the motor vehicle
tax law and the insurance tax law.
|
 |
Italy Explains New Local Property Tax 5/24/2012 The Italian Treasury has issued a circular which attempts to explain the complex
regulations surrounding the introduction of IMU, the new unified local property
tax, which formed the major revenue-raising measure within the government’s
‘Save Italy’ budget finalized in December last year.
|
 |
UK Fiscal Plan Under IMF Microscope 5/23/2012 The International Monetary Fund in its latest Article IV consultation with the United Kingdom has acknowledged that a slower pace of fiscal consolidation is appropriate in light of the risks to the nation's economic outlook, but says that revenue-neutral reforms can be undertaken to improve growth prospects.
|
|
Accountants Urge IRS To Simplify Foreign Pension Reporting 5/24/2012 The New York State Society of Certified Public Accountants is calling on the US Internal Revenue Service to provide a simplified method of electing deferral of US taxation on Canadian pension plans, and is requesting additional guidance on the taxation of foreign retirement and pension plans due to consumer confusion over the filing procedures required by such programs.
|
 |
France Extends Deadlines For Online Returns 5/23/2012 The French finance ministry has recently confirmed details of extended reporting
deadlines for 2011 income tax returns submitted online.
|
 |
Spain's Montoro Reiterates Need For Consolidation 5/23/2012 During a recent presentation to the Spanish Institute of Economic Studies,
Spain’s Finance Minister Cristobal Montoro insisted that the only way out
of the crisis is to reduce the public deficit.
|
 |
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.
|
 |
Brazil Provides New Fiscal Stimulus 5/24/2012 The Brazilian government has announced a package of tax measures worth around USD1bn to stimulate growth in key economic sectors, to ensure the nation meets this year's growth target of 4.5%.
|
 |
NZ Tax Refunds Agents Under Scrutiny 5/23/2012 The practices of New Zealand's tax refund agents have come under the microscope, with the Commerce Commission warning that they may be failing to meet their obligations under the Fair Trading Act.
|
 |
Norway Updates 2012 Budget 5/23/2012 The Norwegian finance ministry has recently published details of the country’s revised 2012 fiscal budget, in which the government emphasizes the need for fiscal constraint.
|
 |
Malaysia, Australia Sign FTA 5/24/2012 On May 22 in Kuala Lumpur, as a complement to the existing regional agreement between Australia
and the Association of Southeast Asian Nations, of which Malaysia was
one of the original members, Australia's Trade Minister Craig Emerson and his
Malaysian counterpart Mustapa Mohamed signed a comprehensive bilateral free trade
agreement.
|
 |
DIFC Promotes Advantages In US 5/24/2012 The Dubai International Financial Centre has concluded a road show to the United States, which, it is hoped, will lead to more US companies establishing a presence in the no-tax free zone.
|
 |
Boehner Backs Anti-Saverin 'Ex-PATRIOT' Bill 5/23/2012 In a television interview, the Speaker of the US House of Representatives John Boehner has surprisingly come out in favour of the bill introduced in
the Senate which is aimed against those who renounce their United States citizenship
to avoid paying taxes.
|
 |
Austria, Cyprus Sign Revised DTA 5/22/2012 Austria’s Financial State Secretary Andreas Schieder and the Cypriot Foreign
Minister Erato Kozakou-Marcoullis have recently signed the revised bilateral double
taxation agreement between Austria and Cyprus.
|
 |
Bermuda To Hold Referendum On Gambling 5/22/2012 The government of Bermuda has announced that the territory will soon hold a referendum to decide whether to move ahead with proposals to allow taxed gambling in the island, to open up new opportunities for international investors, boost employment, and increase the territory's appeal to tourists.
|
 |
Germany's Fiscal Court President Seeks Simpler Tax Law 5/23/2012 The President of Germany’s Federal Fiscal Court Rudolf Mellinghoff has called
for a drastic simplification of the country’s highly complicated tax law.
|
 |
Few US Small Businesses Claim Health Insurance Tax Credit 5/23/2012 The United States Government Accountability Office has released a study showing
that very few small businesses are taking advantage of the Small Employer Health
Insurance Tax Credit, which was included in President Barack Obama’s health
care legislation.
|
 |
Australia Releases Details Of Superfund Tax Relief Plans 5/22/2012 The Australian government has released a proposals paper designed to support the implementation of its superannuation reform package and provide further details of planned tax reliefs.
|
 |
South Africa, Ireland Ink Film Tax Break Agreement 5/22/2012 On May 20, 2012, the South African Minister of the Department of Arts and Culture
Paul Mashatile and his Irish counterpart Jimmy Deenihan signed a co-production
treaty that will provide access for filmmakers to opportunities and tax breaks
in both countries.
|
|
IRS Further Expands Its 'Fresh Start' Initiative 5/23/2012 The United States Internal Revenue Service has announced another expansion
of its 'Fresh Start' initiative by offering more flexible terms under its
Offer in Compromise programme.
|
 |
Guernsey Finance Influential In MENA Region 5/23/2012 Guernsey Finance, the promotional agency for the island’s finance industry, has
been named as one of the 50 most influential organizations working within the
Middle Eastern and North African funds industry.
|
 |
US Imposes Anti-Dumping Duties On Chinese Solar Cells 5/22/2012 Despite concerns that its decision may raise prices and harm the United States
alternative energy sector, the Department of Commerce has announced
a preliminary determination to impose antidumping duties on imports of crystalline
silicon photovoltaic cells, whether or not assembled into solar cells, from China.
|
 |
Slovakian Lawmakers Back Fico's Austerity Programme 5/21/2012 Following weeks of debate, the Slovakian parliament has finally adopted by 82
votes to 53 the government’s austerity programme, designed to reduce the
budget deficit from 4.8% currently to below 3% of gross domestic product in 2013, and containing plans to increase taxes on the rich and on banks as well
as providing for savings of around EUR1.5bn (USD1.9bn).
|
 |
Luxembourg, Cyprus Discuss DTA Signing 5/21/2012 During a recent working visit to the Grand Duchy of Luxembourg, the Foreign Affairs
Minister of the Republic of Cyprus Erato Kozakou-Marcoullis held talks with her
Luxembourg counterpart Jean Asselborn, with the talks focussing on the planned
signing of the bilateral double taxation agreement between Luxembourg and
Cyprus.
|
 |
GOP Pressurizes Democrats Over 'Fiscal Cliff' 5/22/2012 In a letter to the United States Senate Majority Leader, Harry Reid, 41 Republican Senators, led by Ranking Member of the Finance Committee
Orrin Hatch, and Republican Leader Mitch McConnell have
urged him to take immediate action to stop the largest tax increase in history,
set to take place on January 1, 2013.
|
 |
France Publishes 2011 Fiscal Activity Report 5/21/2012 The French finance ministry has recently published its 2011 fiscal activity report,
detailing action taken by the ministry last year as part of its fiscal and economic
strategy, aimed at promoting sustainable growth.
|
 |
Guernsey And Jersey Discuss Cooperation 5/22/2012 Guernsey's newly-elected Treasury Minister has met his Jersey counterpart
for the first time, to discuss future cooperation and collaboration on matters
of mutual interest.
|
 |
Dutch Report Substantiates Need For Austerity Budget 5/21/2012 The Dutch government has recently presented to parliament the Annual Financial
Report for 2011, pointing to ‘disappointing’ economic growth and
to a shortfall in fiscal revenues last year, and confirming the need for the
additional fiscal measures adopted by the Dutch parliament on April 26.
|
|
Australia To Reform Not-For-Profit Sector Regulation 5/21/2012 The Australian government is to introduce a new regulatory framework for the not-for-profit sector, to be overseen by an Australian Charities and Not-for-profits Commission. The government will, however, push back the enforcement date for the revised governance and financial reporting standards.
|
 |
Hungarian Lawmakers Adopt New Telecoms Tax 5/21/2012 Provoking outrage among telecommunications companies, the Hungarian parliament
has recently backed government plans to impose a new telecommunications tax of
HUF2 per minute of connect time and per message from August 1.
|
 |
TPP Negotiations Make 'Better-Than-Expected' Progress 5/22/2012 The Office of the United States Trade Representative has confirmed that
the twelfth round of negotiations, held recently outside Dallas, Texas, on the
proposed extension to the Trans-Pacific Partnership, between Australia,
Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, the US and Vietnam, made
better-than-expected progress.
|
 |
South African Treasury Attacks E-Tolls Delay 5/21/2012 In his National Treasury Budget Vote speech, the South African Finance Minister
Pravin Gordhan, has branded as 'unhelpful' the delay in the implementation
of road tolls for the Gauteng Freeway Improvement Project, as it could
adversely affect other infrastructure projects in the country.
|
 |
Think Tank Bemoans UK Coalition Rift On Marriage Tax Breaks 5/21/2012 The planned introduction of new tax breaks for UK families is being halted by a 'political tug of war' in the coalition government, the Centre for Social Justice has warned.
|
 |
Luxembourg Defends Savings Tax Opposition 5/21/2012 During the recent European Union Economic and Financial Affairs Council meeting in Brussels, Luxembourg’s Finance Minister Luc Frieden defended
his decision to block the European Commission’s plans to negotiate new and
stronger savings tax agreements with third countries, insisting that given recent developments, the automatic exchange
of tax information is not necessarily the only solution to combating tax evasion.
|
|
NZ Accountants Call For Simpler Small Business Tax 5/18/2012 New Zealand’s tax system has become overly complex, the country’s Institute of Chartered Accountants has said, calling for simplification of the rules for small businesses and setting out proposals for reform.
|
 |
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.
|
 |
Monti Defends Italian Tax Collectors 5/18/2012 In his remarks during a meeting with the management of the Italian Revenue Agency
and Equitalia (which collects the country’s taxes), the Italian Prime Minister
Mario Monti emphasized that it had to be recognized that the payment of their
taxes was everybody’s duty, before it could be possible to reduce the overall
tax burden.
|
 |
Belgium Warned Of Further Austerity Ahead 5/18/2012 Belgium’s Federal Planning Bureau, providing economic analyses and forecasts
for the government, has recently announced that if Belgium is to limit its public
deficit to 2.15% of gross domestic product in 2013 and to re-establish
a balanced budget in 2015, in line with its targets, new measures totalling
around EUR11bn (USD14bn) will be necessary, of which EUR3bn from next year.
|
 |
Ireland Will Not Budge On Corporate Tax Rate 5/21/2012 Hiking Ireland’s corporation tax rate is not in the country’s interests, Prime Minister Enda Kenny has said, a sentiment backed up by his deputy and Finance Minister, who have also stressed that Ireland remains firm in its position on the tax.
|
 |
WTO Nations Discuss IT Agreement Expansion 5/18/2012 Several countries have signalled that they will be starting informal bilateral and plurilateral
consultations on what products to add to the Information Technology Agreement.
|
|
IRS Told To Improve FATCA Plans 5/21/2012 The United States Government Accountability Office has disclosed that, as
the implementation of the Foreign Account Tax Compliance Act should provide
the Internal Revenue Service with a substantial amount of new information,
Congress has asked for a review of how it plans to manage that information.
|
 |
Congress Studies IRS's Treatment Of Charities 5/21/2012 The Oversight Subcommittee of the House of Representatives Ways and Means
Committee has held a hearing on current issues related to United States tax-exempt
organizations, including the compliance initiatives of the Internal Revenue Service related, in particular, to recent efforts for tax-exempt organizations to
design and implement good governance standards.
|
 |
Dubai Economy Expected To Exceed Forecasts 5/21/2012 Dubai's Economic Council believes that the Emirate will achieve economic growth above the estimates of international institutions, with strong performance anticipated in many of its key sectors in 2012.
|
 |
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.
|
 |
Greggs Chief Slams UK 'Pasty Tax' 5/17/2012 The UK government’s ‘pasty tax’ will result in higher unemployment, store closures and reduced investment, the head of bakery retailer Greggs has said.
|
|
Boehner Warns Of Looming 'Fiscal Cliff' 5/18/2012 With the prospect of a further stand-off between the Democrat and Republican parties
later this year over the United States government statutory debt limit, House
of Representatives Speaker John Boehner has returned to his mantra
of spending cuts with no tax increases.
|
 |
House Passes State Tax Simplification Bill 5/18/2012 The United States House of Representatives has passed, on a bipartisan basis with
a voice vote, a bill which would simplify tax reporting requirements for those
workers who are employed in multiple state jurisdictions.
|
 |
US Senate Mulls Tax Reform For Tribes And Territories 5/18/2012 At a recent Senate hearing on the effect of possible tax reforms on Native Americans
and the United States territories - Puerto Rico, the US Virgin Islands, Guam,
American Samoa and the Northern Mariana Islands - Finance Committee Chairman Max Baucus pointed to the anomalies and complexities existing
in their current tax treatment.
|
 |
Taiwan Accused Of Dragging Feet In Trade Talks 5/17/2012 Following the announcement that China, Japan and South Korea are to begin talks
on a trilateral free trade agreement by the end of this year, the Taiwanese
government has been asked to explain why it has not already progressed further
trade liberalization with China within their Economic Cooperation Framework Agreement.
|
 |
Peru, Korea Cement Economic Ties 5/17/2012 Peru's President Ollanta Humala recently met with his Korean counterpart, Lee
Myung-bak, in the South Korean capital, Seoul, to sign a double tax agreement,
and agree further areas for cooperation following the conclusion of a free trade
agreement in 2011.
|
 |
Cayman Touts Insurance Industry Offering In America 5/17/2012 A delegation from the Cayman Islands insurance industry attended the 50th Annual
Risk and Insurance Management Society conference held last month, to promote the
jurisdiction's position as a growing domicile for captive insurance companies.
|
 |
EU Hails ETS Aviation Compliance Rate 5/18/2012 The European Commission has claimed early success with the extension of the European Union's Emissions Trading Scheme to flights in and out of Europe, reporting compliance with currently non-mandatory emissions-reporting requirements by more than 99% of operational airlines.
|
 |
ASEAN, World Bank Monitor Progress To AEC 5/17/2012 The Secretariat of the Association of Southeast Asian Nations and the
East Asia and Pacific Region of the World Bank have signed an agreement for the
World Bank to provide advisory services to ASEAN to strengthen its capacity to
monitor progress towards achieving the ASEAN Economic Community.
|
 |
China, Switzerland Make Progress In FTA Talks 5/16/2012 The latest round of negotiations on the proposed free trade agreement between
China and Switzerland, which was held in Beijing on May 8-10, is said to
have reached some consensus and made significant progress.
|
 |
EP Demands Accurate Information On Tax Evasion 5/17/2012 The European Parliament has recently passed a resolution calling for accurate
information on customs duty and value-added tax evasion in member states,
to protect the European Union’s financial interests and to prevent
misuse of its funds.
|
 |
Lamy Sings Praises Of IT Agreement 5/16/2012 At the opening of a symposium to mark the 15th Anniversary of the Information Technology Agreement, which substantially liberalized taxes on the global trade of computer products, World Trade Organization Director-General Pascal Lamy emphasized that the success of the agreement could easily be transferred to other growth, and innovation-promoting industries.
|
 |
Hollande Eyes 'Growth Dimension' In Fiscal Compact 5/17/2012 During their first meeting in Berlin, German Chancellor Angela Merkel and French
Socialist President-elect François Hollande underscored the importance
of Germany and France continuing to work closely together in the interests of
Europe, and their responsibility and commitment to collaborating on ideas aimed
at stimulating growth in Europe ahead of the European Council meeting in June.
|
 |
Vietnam's SMEs Get VAT Boost 5/16/2012 Vietnam’s Ministry of Finance has announced an extension to value added
tax payment deadlines, so as to provide financial assistance, in particular,
to small and medium-sized enterprises.
|
 |
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.
|
 |
Gibraltar-Spain Tripartite Forum Abandoned? 5/17/2012 The Gibraltar government has said that the introduction of a new Spanish government of the People's Party
has caused the disintegration of the tripartite forum between Spain, Gibraltar
and the United Kingdom. The Forum had previously been credited with yielding improvements in relations
between Gibraltar and Spain after more than a century of fractious relations.
|
 |
BC Unveils New Sales Tax Law 5/16/2012 Kevin Falcon, the Finance Minister of the Canadian province of British Columbia, has introduced legislation to meet government's commitment to return to the Provincial Sales Tax on April 1, 2013.
|
|
Italian Property Tax Slammed As 'Odious And Inequitable' 5/17/2012 Niccoló Rinaldi, head of the Italian opposition party, Italia dei Valori,
in the European Parliament, has described the new Italian tax on the value of overseas
properties and financial assets as only the latest in a long line of attacks on
the finances of Italian expatriates.
|
 |
Eurogroup Committed To Fiscal Consolidation 5/16/2012 Following the latest Eurogroup meeting in Brussels, Luxembourg’s Prime Minister
and Eurogroup President Jean-Claude Juncker confirmed that the Eurogroup’s
consolidation strategy, in accordance with provisions contained in the Stability
and Growth Pact, ‘remains appropriate’ and will therefore continue
to form the cornerstone of its strategy to correct fiscal and economic imbalances
to overcome the crisis and to return to sustainable growth.
|
 |
St Lucia Eyes Income Tax Cuts, After VAT Implementation 5/16/2012 The government of Saint Lucia has outlined new tax measures in its
latest Budget to shift the tax burden from
direct to indirect taxes.
|
 |
EU's First EPA With African Countries Goes Into Effect 5/16/2012 The interim Economic Partnership Agreement between the European Union and four Eastern and Southern African states, Mauritius, Madagascar, the Seychelles
and Zimbabwe, went into effect on May 14, 2012.
|
|
IRS Non-Resident Reporting Rule Questioned Again 5/16/2012 The Treasury Department’s failure to provide sufficient answers about Internal
Revenue Service regulations requiring United States banks to disclose interest
paid to non-resident aliens has prompted the House of Representatives’ Ways
and Means Oversight Subcommittee Chairman Charles Boustany to
request additional information.
|
 |
Mexico, Qatar Sign DTA 5/15/2012 On May 14, 2012 in Mexico City, Mexico’s Deputy Secretary of the Treasury
and Public Credit, José Antonio González Anaya, and Qatar's Director
of Public Revenues and Taxes, Moftah Jassim Al Moftah, signed a double taxation
agreement between their two countries.
|
 |
Hong Kong Abolishes Corporate Capital Duty 5/15/2012 The Registrar of Companies, Ada L L Chung, has announced that the capital duty
currently levied on Hong Kong companies will be abolished from June 1, 2012.
|
 |
English Foreshadows 'Disciplined' NZ Budget 5/15/2012 The 2012 New Zealand government Budget later this month will confirm the path back to surplus in 2014/15, despite lower than forecast tax revenue in the government financial statements in the nine months to March 31, Finance Minister Bill English has said.
|
|
Australia To Clarify GAAR 5/16/2012 Australian Assistant Treasurer David Bradbury has announced the formation of an expert roundtable to assist with the implementation of the government's clarifications of the definition of 'tax benefit' under Australia's general anti-avoidance rule.
|
 |
BVI To Enhance Companies Legislation 5/16/2012 The British Virgin Islands government has completed the first phase of implementing
amendments to the Business Companies Act, set to enter into force later this year.
|
 |
South Africa Consults On Retirement Savings Incentives 5/15/2012 Following the Minister of Finance Pravin Gordhan’s announcement in his 2012
Budget in February that the South African government is looking to provide incentives
for savings and the reform of the retirement industry, the National Treasury has
now published an overview consultation paper.
|
|
Belgian Residents Stifled By Hollande's Tax Plans 5/15/2012 Over 100,000 Belgians will be affected by French President-elect François
Hollande’s plans to increase the taxation of secondary residences in France,
according to Belgian newspaper La Libre.
|
 |
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.
|
 |
Cayman Islands Target Brazilian Investors 5/16/2012 The Cayman Islands government has sought to bolster business relations with Brazilian investors
by taking part in the recent Brazil Investment
Summit.
|
|
Gibraltar Proposes Law Change To Offer UK QROPS 5/15/2012 The Gibraltar government has published a Bill that would amend the territory's
legislation to allow local practitioners to offer Qualifying Recognised Overseas
Pension Schemes under a regime compliant with new rules set by the UK tax authority,
HM Revenue and Customs.
|
 |
De Gucht Sees EU-US Trade Treaty In 2014 5/15/2012 In a speech on the future of transatlantic trade, to the recent AmCham Germany
Annual Membership Meeting in Hamburg, the European Commissioner for Trade Karel
De Gucht foresaw the possibility of a comprehensive free trade agreement between the United States and the European Union in 2014.
|
 |
Lufthansa Slams German Plane Ticket Tax 5/15/2012 Presenting details of the company’s 2011 annual report at its annual general
meeting in Cologne, Deutsche Lufthansa’s Chief Executive Officer Christoph
Franz urged the coalition government to end the controversial plane ticket tax
currently costing the company around EUR361m (USD465m) annually.
|
 |
Guernsey Announces Aircraft Registry Plans 5/15/2012 The Guernsey government has announced that it has agreed with a private sector
partner to launch an aircraft registry from the island.
|
 |
Ireland Mulls New Tax Regime For Oil And Gas 5/14/2012 The Joint Committee on Communications, Natural Resources and Agriculture of the Irish parliament has recommended a new fiscal licensing regime and greater public consultation on offshore oil and gas exploration in a new report.
|
|
UK Government Blasted Over IR35 Proposals 5/14/2012 HMRC has missed a great opportunity to bring clarity, transparency and fairness in dealing with the intermediaries legislation commonly referred to as IR35, according to members of the freelance community who were invited on to the Treasury forum to discus the issue.
|
 |
SA Will Not Impose Australian-Style Mining Tax 5/14/2012 At a press briefing, Mineral Resources Minister Susan Shabangu has confirmed that South Africa will not follow Australia in implementing a ‘mining super tax’.
|
 |
Democrats Introduce In-Sourcing Bill Into US Congress 5/15/2012 Democrats in the Senate and House of Representatives have introduced into the
United States Congress the main tax measure out of President Barack Obama’s
recently-announced “To Do List”, to provide a tax credit for companies
over the cost of moving operations back to the country.
|
|
UK E-Seller Amnesty Deadline Looms 5/14/2012 HM Revenue and Customs has warned people trading on the internet and who may have tax irregularities that they now have just one month to take part in the e-sellers tax amnesty and avail of lower penalty rates.
|
Page 1
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
