October 25, 2011 | having difficulty Viewing this email? view THE online version

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US Works To Halt EU Air Tax

A bipartisan United States Congressional delegation met on October 21 with the International Civil Aviation Organization (ICAO) regarding US opposition to the emissions trading scheme to be introduced by the European Union.
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Hong Kong Checks On Chinese Support Measures

Concluding a trip to Beijing, Hong Kong's Financial Secretary John Tsang has confirmed that he had held "solid discussions" with relevant bodies in Mainland China to follow up on the policies and measures Vice Premier Li Keqiang set out, in August this year, to support Hong Kong's development..
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Ireland Completes Latest Bailout Review

Ireland looks set to receive an additional EUR8bn in bailout funding, after the successful conclusion of the latest review mission by its international creditors, who have praised the coalition government for its continued strong implementation of its rescue package commitments.
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IRS Praised For Health Law Implementation

The United States Internal Revenue Service has successfully developed a plan to implement the new tax provisions included in the Affordable Care Act, according to a report released by the Treasury Inspector General for Tax Administration.
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Diageo Boss Decries UK 50% Tax

Chief executive of Diageo, Paul Walsh, has criticized the UK's 50% income tax rate on top earners, stating that the rate was detrimental to Britain's economy and indicating that his company may relocate to a jurisdiction with less severe taxation.
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German Tax Revenues Surpass Expectations

Despite a gloomy economic outlook, Germany's coalition government is said to be awaiting higher tax revenues in both 2011 and 2012..
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South Africa Cautions Online Gambling Remains Illegal

While a decision is awaited on the recommendations of the Gambling Review Commission, the Minister of Trade and Industry Rob Davies has warned that online gambling remains illegal in South Africa .
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Hong Kong-Netherlands DTA In Force

The comprehensive double taxation agreement between Hong Kong and the Netherlands, which was originally signed on March 22, 2010, entered into force on October 24, 2011.
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