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Hong Kong Progresses Arbitration Centre Credentials 5/15/2012 As part of the government's determination to develop Hong Kong into a regional
dispute resolution centre, in particular as an international arbitration hub in
the Asia Pacific, the Secretary for Justice, Wong Yan Lung, has announced a broad
consensus in Hong Kong on the setting up of an industry-led single accreditation
body for mediators.
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WTO Aims To Equip Developing Nations With Legal Know-How 5/9/2012 Officials from twenty-six developing countries were educated on different methods
of handling legal disputes in trade, during a week-long series of technical capacity-building events coordinated by the World Trade Organisation and two other Geneva-based organisations, in early May.
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Armenian, Latvian Tax Agencies Sign Cooperation Pact 5/4/2012 The tax authorities of Latvia and Armenia have agreed to cooperate more deeply
on fiscal compliance issues, during a four-day meeting which culminated in the
signing of a memorandum of understanding.
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IoM Contributes To UK Tax Transparency Program 5/1/2012 The Isle of Man government has recently participated in an initiative funded
by the UK's Foreign and Commonwealth Office to provide training to the British Overseas
Territories of Montserrat and Anguilla to help them meet their
international obligations on tax information exchange.
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NZ To Ease GST For Non-Resident Firms 4/23/2012 New Zealand is to remove goods and services tax 'impediments' for non-resident businesses in an effort to make the system less burdensome for such companies.
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Developing Nations Discuss Trade Policies 4/23/2012 The World Trade Organization has organized the first ever advanced course for policy makers from developing countries, to develop nations' knowledge of trade regime issues and environmental policies.
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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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HMRC Launches UK Tax Academy 3/30/2012 HM Revenue and Customs has launched a new Tax Academy in the UK, offering staff the chance to work towards two professional degrees.
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Help Provided For Singapore's SMEs 3/29/2012 At Singapore’s Enterprise Development Centre Conference held recently,
it was described how with the assistance of the Inland Revenue Authority of Singapore, small and medium-sized enterprises can be helped to understand the
government’s Productivity Innovation Credit programme.
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Hong Kong Reviews Plans For Financial Services 3/9/2012 Secretary for Financial Services and the Treasury, Professor K C Chan, has tabled
a plan at the Legislative Council Finance Committee, whereby the
government will continue to work closely with regulators and the industry to foster
the sustained development of the financial services industry in Hong Kong.
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DIFC Boosts Collaboration With London 3/6/2012 The Dubai International Financial Centre and a body representing London's City have signed a new partnership agreement designed to boost collaboration between the financial centres.
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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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Isle Of Man Lures Another Gaming Company 2/23/2012 The Isle of Man government has welcomed the successful application of TWLV for
a license to operate a new online bingo site from the island.
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Australia Consults On Maritime Tax Overhaul 2/22/2012 The Australian government has released for consultation an exposure draft on
proposed legislation that would revamp the nation's maritime tax policy to strengthen
the industry's international competitiveness.
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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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US Tax Preparers Face New Education Requirements 2/14/2012 The United States Internal Revenue Service has reminded certain tax return
preparers that they must complete 15 hours of continuing education annually
beginning in 2012 and the programs must be taken from IRS-approved providers.
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Hong Kong To Launch Microfinance Pilot Scheme 2/3/2012 The Hong Kong Mortgage Corporation Limited has announced that it will shortly seek approval to launch a microfinance pilot scheme with a trial period of three years, from mid-2012.
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IoM Updates 'Fit And Proper' Framework 2/3/2012 The Isle of Man Financial Supervision Commission on Januay 27, 2012, published a revised version
of its Training and Competence Framework.
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Sarkozy Readies Fiscal Strategy 1/26/2012 Hoping to avoid an electoral defeat in the forthcoming presidential elections, French President Nicolas Sarkozy intends to unveil concrete details
of proposed fiscal measures designed to stimulate the country’s economy
on January 29.
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Jersey Regulatory Risk Workshops Launched 1/24/2012 A series of workshops have been launched to help businesses and their employees to
better understand and comply with new regulatory requirements and better meet
stakeholder expectations when operating in Jersey.
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France Lowers Burden On Very Small Businesses 1/20/2012 Following a four hour summit meeting with the country’s social partners
at the Elysée, French President Nicolas Sarkozy unveiled details of a series
of agreed emergency measures, designed to reduce unemployment in France, including
notably plans to grant very small businesses exemption from charges in respect of young people they recruit.
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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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ASEAN, EU Discuss FTA Issues 1/18/2012 Officials and business representatives from the ten Association of Southeast Asian Nations member states and the European Union have recently held a meeting in Siem Reap, Cambodia, to discuss the challenges and opportunities of free trade agreements.
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UK's Tax Officers Walk Out In Lightning Strikes 1/17/2012 More than 20,000 HM Revenue and Customs staff have staged a series of 'lightning strikes' in a row over plans to bring in private companies to do their work.
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Record Export Year For Ireland 12/29/2011 Irish firms experienced record levels of exports in 2011 and are now using a renewed confidence to aggressively target opportunities in international markets, according to the latest figures from Enterprise Ireland.
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Business 'Not Hit' By UK Bribery Act 12/14/2011 Six months into its operation, the UK's Bribery Act has not significantly affected companies' ability to do business, according to a new survey from Ernst and Young.
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IRS Moves To Next Phase Of Return Preparer Initiative 11/28/2011 The United States Internal Revenue Service has disclosed that is moving
into the next phase of its effort to improve the tax preparation industry by launching
the new Registered Tax Return Preparer competency test.
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China, Hong Kong Sign Their First IP Agreement 11/17/2011 China’s State Intellectual Property Office and Hong Kong’s
Intellectual Property Department signed their first agreement in Hong Kong
on November 16 to strengthen co-operation in the area of intellectual property.
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Ireland, Russia Sign New Trade Agreement 11/11/2011 Ireland and Russia inked an agreement on a programme for trade and economic cooperation during Deputy Prime Minister Eamon Gilmore's recent trip to Moscow, allowing for a greater level of engagement between government authorities in each country.
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Chan Confirms Strategic Role Of Hong Kong's Financial Sector 11/8/2011 At a forum on the current opportunities and challenges for Hong Kong finance professionals,
Secretary for Financial Services and the Treasury, Professor KC Chan, has confirmed
that the financial industry is a key strategic component of Hong Kong’s
modern service industry.
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CBI Calls For Tax Incentives 11/1/2011 The Confederation of British Industry has called on the government to introduce a new tax incentive to encourage companies to take on young unemployed people, as part of a package of measures aimed at boosting employment across the UK.
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Mauritian Exporters Seek Tax Incentives 10/14/2011 Hot on the heels of the Mauritius Employers’ Federation, the Mauritius
Export Association has now also submitted its pre-budget memorandum to
Mauritian Finance Minister Xavier-Luc Duval, in which it underlines the need to
introduce fiscal incentives for investment and training in the sector to improve
productivity.
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Mauritian Business Submits Budget Wish List 10/14/2011 Ahead of the forthcoming 2012 budget presentation, the Mauritius Employers’
Federation has submitted a number of fiscal proposals to Mauritian Finance
Minister Xavier-Luc Duval, aimed at addressing a number of domestic constraints
on businesses in Mauritius.
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Canada To Implement 2011 Budget 10/5/2011 Canadian Minister for Finance, Jim Flaherty on October 3 tabled in the House
of Commons a motion to implement Budget 2011 tax measures.
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BC Expands Innovation Tax Credit Schemes 9/26/2011 British Columbia's Premier has unveiled plans for a series of tax credit extensions, as part of a broader scheme for the support of small business innovation and entrepreneurship.
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New Zealand Consults On Cross-Border GST Issues 8/25/2011 A discussion document released by the New Zealand government for public consultation seeks feedback on options for addressing issues relating to goods and services tax as it applies to businesses trading with each other across borders.
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Germany To Compromise On Student Tax Breaks 8/25/2011 Following a recent ruling by Germany’s Federal Fiscal Court that student-training costs should be recognised by tax offices in Germany as
tax-deductible expenses, coalition groups underlined their intention to find a
solution to the long-standing problem.
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Too Much Confusion Over Canadian Tax Free Savings Accounts 8/10/2011 Canadian taxpayers have fallen foul of the rules surrounding Tax Free Savings Accounts, with the Canadian Revenue Agency failing to actively inform the public of the tax consequences involved, according to a new report.
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FTC Signs MOU With Chinese Antitrust Agencies 8/2/2011 The United States Federal Trade Commission and the Department of Justice’s
Antitrust Division have signed an antitrust memorandum of understanding with China’s three antitrust agencies to promote communication and cooperation
among the agencies in the two countries.
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Singapore Enhances International Tax Training 7/26/2011 Singapore's Minister of State for Finance and Transport, Josephine Teo, in her speech
to the annual conference of the Tax Academy of Singapore, said that, as Singapore
is home to a large number of multinational enterprises, it is vital that tax
professionals have the skills to meet the challenges of an increasingly complex
tax environment.
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Hong Kong Launches New Treasury Market Code 7/26/2011 Hong Kong’s Treasury Markets Association announced, on July 21, the
introduction of a new Code of Conduct and Practice, and a new Professional Qualification
Framework, for treasury market practitioners.
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