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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.
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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.
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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%.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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UK Donations To Qualify For UK Top Up Payments 5/10/2012 Debate over the UK's reform of the tax treatment of charities continues, with news that charities will be able to claim top-up payments on certain small donations without needing donors to claim tax reliefs, and a new survey showing that a majority of peers object to plans to cap tax relief on donations.
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US Congress Investigates Tax Fraud 5/10/2012 The House of Representatives Ways and Means Committee’s Oversight Subcommittee
Chairman Charles Boustany and its Social Security Subcommittee
Chairman Sam Johnson (pictured) have held a joint hearing on tax fraud involving
identity theft in the United States.
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Australian Budget Scraps Planned Business Tax Cuts 5/10/2012 A planned cut to business tax rates will not go ahead in Australia, as the government seeks to redirect projected mining tax revenue to help families and small businesses in the face of ongoing disputes with opposition parties.
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Obama Presents Tax 'To Do List' To Congress 5/10/2012 President Barack Obama has used remarks at the State University of New York in
Albany to present a ‘To Do List’ of tax measures that, in his opinion,
the United States Congress should pass to increase employment and economic growth.
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US Lawmakers Question GSA 'Kickback' Policy 5/9/2012 The House of Representatives Ways and Means Subcommittee on Oversight Chairman,
Charles Boustany, has sent a letter to 15 departments and two agencies
across the United States government seeking information about the potential ‘abuse’
of the energy efficient commercial buildings deduction.
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China Introduces CorporateTax Breaks For IT 5/7/2012 To encourage innovation in information technology and industrial technical
upgrading, China’s State Administration of Taxation
has announced preferential corporate income taxes for producers of software and
integrated circuits.
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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).
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Australian Businesses To Benefit From Loss Carry Back Scheme 5/7/2012 Australia’s government is to introduce a new business tax relief with a ‘loss carry-back' initiative, designed to give businesses greater access to their legitimate tax deductions when making losses.
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IRS Reviews Tax-Exempt Status Revocations 5/7/2012 Following a request from the United States Internal Revenue Service, the Treasury
Inspector General for Tax Administration reviewed its Exempt Organizations
function’s implementation of the provisions of the Pension Protection Act
of 2006 related to the automatic revocation of an organization’s tax-exempt
status.
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Hollande, Sarkozy Go Head-To-Head On Tax 5/7/2012 During a long, bitter televised debate, aimed at attracting wavering voters ahead
of Sarkozy's defeat on May 6, and punctuated by attack and counter attack, outgoing French President
Nicolas Sarkozy and new Socialist President François
Hollande went head-to-head on key election battleground issues including taxation
in France and the crisis in Europe.
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IRD Issues 2m Individual Tax Returns In Hong Kong 5/3/2012 As Hong Kong’s Inland Revenue Department begins sending
out 2.16m tax returns, the Commissioner of Inland Revenue, Chu Yam-yuen, reminded
individual taxpayers to file their tax returns by June 2, while sole proprietors
of unincorporated businesses have until August 2.
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Uganda Advised To Widen Tax Base 5/2/2012 During a speech to an African Tax Administration Forum workshop in Kampala,
the European Head of Mission Roberto Ridolfi has remarked that Uganda’s
tax base needs to be widened urgently in order to increase the government’s
revenues.
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Indonesia Promises Tax Threshold Increase 5/2/2012 Despite the government’s failure earlier this year to reduce fuel subsidies,
and thereby restrict Indonesia’s fiscal deficit, President Susilo Bambang
Yudhoyono has announced that the country’s individual income tax threshold
will be increased.
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Hong Kong Gazettes Budget Measures 4/30/2012 The Inland Revenue (Amendment) Bill 2012, which aims to implement the concessionary
revenue measures proposed in the 2012-13 Budget, has been gazetted in Hong Kong.
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Congress Examines Tax-Advantaged Health Accounts 4/27/2012 On April 25, a US Congressional panel held a hearing focused on the limitations imposed
on the purchase of over-the-counter medication with tax-advantaged accounts,
such as health care flexible spending arrangements, health savings accounts and health reimbursement accounts.
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Singapore Consults On Parent Care Tax Relief 4/26/2012 Singapore's government is considering whether to allow sharing of a tax relief for caring for parents and elderly relatives among
claimants in such proportion as they may agree, and the Inland Revenue Authority
of Singapore has issued a consultation paper setting out the options which
it may adopt.
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France Sees Dip In 'Auto-Entrepreneurs' 4/18/2012 Urssaf, the French organization responsible for the collection of social contributions,
has recently unveiled details of its latest assessment of the country’s
‘auto-entrepreneur’ regime, with its fiscal benefits for individual
traders in France, taken at the end of December 2011.
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France Launches 2012 Income Tax Campaign 4/18/2012 France’s directorate general of public finance has recently published
details of the timeframe for filing 2012 income tax declarations, together with
details of changes to look out for this year.
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Charities Fear UK Tax Relief Cap 4/17/2012 Chief executives of the UK's top charities fear that the planned cap on tax relief will curb donations and have called on the government to scrap the proposals.
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Obama's Buffett Tax Fails To Pass Through US Senate 4/18/2012 Despite pressure from President Barack Obama, the Democrat Party-led United States
Senate has been unable to advance his proposed ‘Buffett Rule’ tax
measure in the face of Republican Party opposition.
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TIGA Considers Format Of UK Games Tax Relief 4/13/2012 TIGA, the trade association representing the UK games industry, has urged input
from design studios on the functioning of a tax credit, promised by the UK government
in its latest budget after years of industry lobbying for fiscal support.
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Sarkozy Outlines Ambitious Campaign Tax Plans 4/13/2012 France’s outgoing President Nicolas Sarkozy has recently unveiled details
of his election proposals aimed at creating ‘a strong France’, and
containing a raft of tax measures, intended to attract voters.
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Irish Tax Breaks Not Generous Enough, Minister Warns 4/12/2012 Tax breaks for executives are not generous enough, Ireland's Minister for Jobs has been reported as warning the Finance Minister.
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IRS Reminds Taxpayers Of College Tax Benefits 4/13/2012 The United States Internal Revenue Service has reminded parents and students,
looking to meet this year’s April 17 filing deadline, to check out several
college-related tax benefits before filing their 2011 tax returns.
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Nigeria Achieves Notable Success With Free Trade Zones 4/12/2012 During a recent conference in Lagos, the Managing Director of Nigeria Export Processing
Zones Authority, Adesina Agboluaje, disclosed that almost NGN2.2 trillion has, so far, been invested in Nigeria’s free trade zones.
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French Farmers Reap Benefits Of Fuel Tax Perk 4/11/2012 The French budget ministry has recently announced that requests for the partial reimbursement
of the taxes levied on fuel oil, off-road diesel and natural gas for 2011, applicable
to those engaged in agricultural activities, are to be submitted by April 15,
2012.
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France's Hollande Unveils 'Vast' Tax Reform Plans 4/11/2012 Bernard Cazeneuve, spokesman for the French Socialist presidential candidate
François Hollande, has recently unveiled details of Hollande’s tax
reform plans, designed to simplify and to make more transparent the current tax
system, and to create greater fiscal justice in France, reflecting true Republican
values.
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Costa Rica Introduces New Corporate Tax 4/10/2012 Costa Rica has introduced a new annual tax on all corporate structures, pegged
to average public sector salaries.
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Channel Islands Will Not Appeal UK VAT Ruling 4/6/2012 The Jersey government has decided not appeal the decision of the High Court in
London, which ruled that the United Kingdom government's decision to revoke Low-Value
Consignment Relief (LVCR), a value-added tax concession, for the Channel Islands
was consistent with European Union law.
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New Zealand Closes Livestock Tax Loophole 3/30/2012 New Zealand has closed a loophole which allowed farmers to use two different livestock valuation methods to gain an unfair tax advantage.
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Hong Kong's Cash Bonus Enters Second Stage 4/2/2012 The Financial Services and the Treasury Bureau has confirmed that the second stage
of Hong Kong’s HKD6,000 cash handout scheme commences on April
1.
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US Senate Examines Renewable Energy Tax Incentives 3/30/2012 The Subcommittee on Energy, Natural Resources and Infrastructure of the Senate
Committee on Finance has held a hearing on how the recent and pending expirations
of key tax incentives affect the deployment of renewable energy facilities and
energy efficiency measures in the United States.
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Thailand Boosts Tax Incentives For Flood-Hit Companies 3/29/2012 In addition to other emergency measures to help companies and entrepreneurs affected
by Thailand’s recent floods, the Board of Investment will provide
further corporate income tax exemptions for businesses in the badly-affected Pathum
Thani and Ayutthaya provinces.
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US Senate Bill To Repeal 'Big Oil' Tax Breaks 3/29/2012 The Democrat-led United States Senate has voted to allow a debate on the Repeal
Big Oil Tax Subsidies Act, which would end certain tax breaks for the largest
oil companies, and use the tax saved to extend, for one year, expiring energy
tax provisions and reduce the country’s fiscal deficit.
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UK Budget Delivers Tax Cuts 3/23/2012 George Osborne has delivered a Budget that ‘unashamedly backs business’, slashing the top rate of personal income tax and accelerating corporate tax cuts.
|
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Cantor Proposes US Small Business Tax Cut 3/23/2012 The United States House of Representatives Majority Leader Eric Cantor has introduced the Small Business Tax Cut Act of 2012, aimed at helping small
businesses to grow and to hire new workers.
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GOP Budget Provides US Tax Cuts 3/22/2012 The Republican Party’s 2013 budget, proposed by the House of Representatives
Budget Paul Ryan (R – Wisconsin), which reduces government spending to curb
its fiscal deficit and debt levels, also includes the framework for a revenue-neutral
reform of the United States tax code.
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EU Consults On State Support For Film Finance 3/21/2012 The European Commission has launched a consultation on the state aid criteria
it proposes to use to assess proposals from member states to provide tax relief and other concessions to film financiers.
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US Tax-Exempt Groups Open To More Scrutiny 3/20/2012 The United States Internal Revenue Service has launched a new online search tool,
Exempt Organizations Select Check, to help users more easily find key information
about tax-exempt organizations, such as federal tax status and filings.
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Singapore To Cash In On Gold Rush With Tax Break 3/20/2012 International Enterprise Singapore, the trade development agency, has
confirmed that Singapore plans to increase significantly its share of global trading
in precious metals, as a result of exempting gold and other precious metals from
goods and services tax.
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NZ Pushes Tax Credits For 'Payroll Giving' 3/15/2012 New Zealand's Revenue Minister Peter Dunne has praised the creation of a new website which offers information for employers seeking to establish Payroll Giving schemes in their workplaces.
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UK Pension Industry Calls For Tax Stability 3/16/2012 There should be no further changes to the UK pension tax system, the head of the National Association of Pension Funds has warned the Chancellor of the Exchequer.
|
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Panel Makes UK Pension Tax Recommendations 3/15/2012 The UK's Office of Tax Simplification has released the initial findings of its review of pensioner taxation, identifying areas of the tax system causing older taxpayers the most difficulties.
|
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Australian Floods Declared Disasters For Tax Purposes 3/13/2012 The Australian government has declared the recent floods a disaster for tax purposes, thus making donations to relief funds tax deductible.
|
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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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Schäuble Set To Remove Voluntary Service Tax Break 3/12/2012 Just eight months after the official end to national service and conscription
in Germany, the German finance ministry is considering whether or not income paid
to volunteers in either the military service or the government’s new federal
volunteer service should be taxed.
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Sarkozy's 'Minimum Tax' To Hit 100 French Companies 3/13/2012 Around a hundred large groups would be affected by French President Nicolas
Sarkozy’s latest plans to introduce a minimum tax on the profits of large
international companies, according to his campaign spokesman and
former Ecology Minister Nathalie Kosciusko-Morizet.
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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.
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Sarkozy Seeks Minimum Tax For CAC 40 Groups 3/12/2012 Determined to refute claims by the left-wing opposition that he is ‘the
president of the rich’, in the run up to the presidential elections, French
President Nicolas Sarkozy has recently put forward the idea, if elected, of introducing
a minimum tax on the profits of large ‘international’ companies listed
in the CAC 40, the French stock index.
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German Hotel Industry Defends Reduced VAT 3/8/2012 The German hotel industry has recently vehemently defended the reduced 7% rate
of value-added tax accorded to overnight services in the sector.
|
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IoM Employment Tax Holiday Begins From April 3/7/2012 The Isle of Man's Economic Development Minister John Shimmin has highlighted the recent tax relief measure introduced to stimulate economic and employment growth on the island which will provide National Insurance Contribution exemptions for new hires.
|
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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.
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EU Opens FTA Talks With Armenia 2/27/2012 The European Union has confirmed its decision to launch negotiations with Armenia towards
a deep and comprehensive free trade area to boost bilateral trade
and investment ties.
|
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BC Corporate Tax Hike Possible 2/27/2012 British Columbia could hike the standard rate of corporate tax if the fiscal situation does not improve, the Finance Minister has warned in his 2012 Budget.
|
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Canada Launches Caregiver Tax Credit 2/24/2012 Canada's Finance Minister Jim Flaherty has been promoting a series of tax reliefs aimed at helping caregivers and those with disabilities, including a new tax credit.
|
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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.
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Obama Proposes Corporate Tax Cut 2/24/2012 The United States Treasury has issued a report presenting President Barack Obama’s
revenue-neutral proposals for corporate tax reform, cutting the tax rate to 28%
from the current 35% rate, but also closing loopholes used by corporations to reduce
their tax burdens.
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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.
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Canada Highlights Family Tax Credit 2/22/2012 The Canadian government has highlighted a new tax credit that, according to the minister in charge, will help Canadian families encourage children's artistic
development.
|
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Switzerland Rules Out Changes To Family Tax Breaks 2/22/2012 Switzerland’s Federal Council has announced that it does not intend to
introduce tax incentives to promote the traditional family model of parents
staying at home to look after their children.
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Brazil Rethinks Vehicle Import Tax Hike 2/20/2012 The Brazilian government has confirmed its intention to soften
its controversial protectionist tax hike on vehicles comprised mainly
of foreign components, in place since November 15, 2011.
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PwC Comments On UK Pension Tax Reform Rumours 2/20/2012 PwC has analysed the options allegedly mooted by the UK government in its rumoured look at reducing tax relief on pensions saving.
|
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Ireland To Improve Tax Relief For Approved Donations 2/14/2012 Minister for Finance, Michael Noonan, has announced his intention to bring forward amendments to the charitable donations scheme, which will take effect from January next year.
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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.
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Irish Company Formations Up; Insolvencies Fall 2/10/2012 Conditions on the ground in Ireland may be improving, according to new figures published by Vision-net, which show that new business formations in Ireland have outpaced insolvencies so far this year, despite four insolvencies every day.
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US Study Doubts Merits Of Payroll Tax Cuts 2/13/2012 A paper from the Tax Foundation has disclosed that, if the objective is to
increase long-term growth in the United States economy, reducing corporate and
individual income taxes would be more effective than an extension to the payroll
tax cut.
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UK Unions Attack Banking Bonuses 2/8/2012 The UK government could raise an additional GBP1.7bn (USD2.7bn) a year in tax revenues by preventing companies from deducting excessive bonuses from income for corporate tax purposes, the UK Trades Union Congress (TUC) has said.
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French Start-Ups Hindered By Red Tape 2/8/2012 The general council responsible for industry, energy and technology in France has recently published a report on the development of start-up businesses,
reviewing support networks, the fiscal and social environment as well as the conditions
for accessing finance, and has put forward a series of recommendations.
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Brazil May Pull Out Of Auto Trade Deal With Mexico 2/8/2012 The Mexican government is to meet for negotiations with Brazil after the latter nation threatened to call an end to a trade agreement which allows Mexican car exporters tariff-free access to the Brazilian auto market.
|
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China Halves Land Use Tax For Large Warehouses 2/6/2012 China’s State Administration of Taxation has announced that, within a policy
of promoting the development of the country’s logistics sector, the urban
land use tax has been reduced for large warehouses.
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Sarkozy's Presidential Rival Outlines Fiscal Pledges 2/2/2012 French Socialist candidate for the Elysée, François Hollande,
has recently unveiled details of his presidential election programme, containing
a raft of fiscal measures, designed to stimulate the economy, to support small- and medium-sized companies in France, and to
reduce the public deficit to 3% of gross domestic product in 2013.
|
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Canada Highlights Firefighter Tax Credit 1/30/2012 Canada's Revenue Minister has been promoting a new non-refundable tax credit for volunteer firefighters which will help reduce income tax bills by nearly CAD500.
|
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Taxes Killing The British Pub 1/30/2012 Falling UK pub beer sales demonstrate the pressing need for a change in government beer tax policy, according to the British Beer and Pub Association.
|
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Australia Urged To Scrap 'Wasteful' Oil Tax Breaks 1/30/2012 The Australian Conservation Foundation has argued that the Federal Government could save up AUD2.3bn (USD2.4bn) in the 2012-13 Budget by scrapping wasteful and inefficient tax breaks to the oil and gas sector as well as other subsidies that promote the use of fossil fuels.
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Clegg Rocks Coalition Boat On Taxes 1/31/2012 The UK's tax system cannot go on as it is, the Deputy Prime Minister Nick Clegg has said, reiterating his commitment to a mansion tax and calling on the Chancellor to accelerate plans to raise the tax free threshold.
|
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UK Gives Commonwealth Games Athletes Tax Boost 1/30/2012 Athletes resident outside of the UK who compete at the 2014 Commonwealth Games will be exempt from income tax, the government has announced.
|
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AEI Produces US Tax Reform Plan 1/24/2012 Within what is called a 'pro-growth, progressive, and practical proposal
to cut business tax rates', the American Enterprise Institute has
also included some provisions to reform individual income taxes in the United States.
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Isle Of Man Beckons Last Bids For 5* Casino Complex 1/23/2012 The Isle of Man's Department of Economic Development has said it continues to seek expressions of interest from entities interested in investing in the establishment
of the island's first five-star hotel and casino complex.
|
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UK Author Calls For Tax Breaks To Help New Writers 1/20/2012 A tax incentive would help give new writers a head start in publishing, one of the UK's leading authors has said.
|
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Canadian Revenue Highlights Arts Tax Credit 1/19/2012 Canada's Revenue Minister has been highlighting the benefits of a new tax credit for parents, designed to promote the involvement of children in the arts.
|
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France Plans Limited 'Social VAT' Rise 1/19/2012 The French government’s planned rise in value-added tax, to finance
a reduction in employers’ social contributions, is not expected to exceed
2%, according to latest reports.
|
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Argentina's Farmers Call For Drought Tax Exemptions 1/18/2012 Argentinian farmers have been met by government resistance in their pleas for tax relief to compensate for significant droughts, which are expected to leave crop yields down around 10% for the year.
|
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UK Mulls Tax Breaks For Employee Ownership 1/19/2012 Continuing his attack on 'irresponsible capitalism' the UK's Deputy Prime Minister Nick Clegg has said that he wants to cut red tape and reform the tax system to encourage employee ownership.
|
 |
Raspberry Pi Balks At UK Tax Regime 1/17/2012 The UK's tax regime makes it far too expensive for an electronics company to manufacture in the country, the computer company Raspberry Pi has said, looking to Taiwan and China instead to produce its goods.
|
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UK Tackles Abuse Of Post-Cessation Trade Relief 1/16/2012 The UK government has announced that it is to introduce new legislation to block
a tax avoidance scheme involving post-cessation trade relief.
|
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Switzerland Mulls Temporary VAT Exemption For Hotels 1/13/2012 In view of the strength of the Swiss franc, the Committee for Economic Affairs
and Taxation of the Swiss National Council has called for the hotel industry
in the Confederation to benefit from value-added tax exemption for a temporary
period of one year.
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