November 1, 2011 | having difficulty Viewing this email? view THE online version

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US Congress Seeks Russian Trade Reforms

Bipartisan leaders from the two Congressional committees with jurisdiction over international trade have urged the United States Trade Representative, Ron Kirk, to insist that Russia meets a high standard, to ensure a level playing field for US businesses in the negotiations for Russia's accession to the World Trade Organization.
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London Mayor Fears EU Transactions Tax

Europe should drop its proposals for a financial transactions tax at the earliest opportunity, London's Mayor has said, slamming the plans as a 'new mill stone' which will do major economic damage.
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Ireland Launches International Start-Up Fund

The Irish government has launched a EUR10m International Start-Up Fund, aimed at encouraging overseas entrepreneurs to locate start-up businesses in Ireland.
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Merkel Backs Changes To Solidarity Levy

The idea of providing tax relief to individuals in Germany by implementing changes to the country's solidarity levy (Solidaritatszuschlag) is said to be gaining momentum within the German coalition, following reports that German Chancellor Angela Merkel has now provided her backing for the proposal.
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Greece Plans Referendum On Austerity Measures

In a shock move, stirring up greater uncertainty and volatility in the markets, Greek Prime Minister George Papandreou announced plans to hold a referendum on the new bailout package for Greece, arguing that he required wider political support for the government's proposed - and highly unpopular - fiscal and economic reform measures.
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Guernsey Tax Regime Set For EU Review

The European Union Code of Conduct Group on Business Taxation has resumed its review of Guernsey's corporate tax regime in order to ascertain whether it contains any 'harmful' elements.
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