january 17, 2012 | having difficulty Viewing this email? view THE online version

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Transaction Costs To Soar Under EU FTT

Transaction costs in the foreign exchange markets would soar under a European financial transactions tax (FTT) and could potentially result in three quarters of taxable transactions relocating to other jurisdictions to avoid the tax, a new report has warned.
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Joint HK-UK RMB Forum Launched

The Hong Kong Monetary Authority and the United Kingdom Treasury have announced the launch of a joint private-sector forum to enhance cooperation between Hong Kong and London on the development of offshore renminbi business.
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Raspberry Pi Balks At UK Tax Regime

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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Bankers Outline Priorities For Swiss Financial Centre

Vice-President of the Swiss Private Bankers Association Christoph Gloor has recently urged the Confederation’s federal administration and financial market supervisory authority FINMA to refocus their attentions on strengthening the competitiveness of the Swiss financial centre and on improving market access.
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Malta Finance Centre In Good Shape

Malta's efforts to establish itself as a dynamic, cost-efficient, financial services domicile is paying dividends, according to promotional agency MaltaFinance, which has highlighted that each of the island's financial services sectors, insurance, banking, trusts and funds, recorded solid performance during 2011.
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