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Latest Tax-News

Cyprus Bank Confirms Share Conversion On Deposits

The Central Bank of Cyprus has issued a statement confirming that Bank of Cyprus deposit amounts that were above EUR100,000 on March 26 will be 37.5% converted into bank shares, and that a further 22.5% may be subjected to the same measure within 90 days of a valuation of the Bank of Cyprus by an independent valuer.
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Obama Proposes Foreign Pension Fund Investment Tax Change

Within President Barack Obama's recently-announced plan to encourage additional investment in infrastructure and real estate in the United States, the Administration is proposing changes to the Foreign Investment in Real Property Tax Act of 1980 aimed at enhancing the attractiveness of such investment to a broader universe of private investors, such as foreign pension funds.
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South Korea, Turkey FTA Effective On May 1

The free trade agreement between South Korea and Turkey, which was signed on August 1 last year, will go into effect on May 1, following its ratification by the countries' parliaments.
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HMRC Issues Guidance On UK Finance Bill 2013

HM Revenue and Customs has published a number of draft guidances and technical notes explaining aspects of the UK's Finance Bill 2013, focusing on business losses, Stamp Duty, new legislation relating to the oil and gas industry, and simplified taxation for smaller businesses.
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