October 4, 2011 | having difficulty Viewing this email? view THE online version

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Tax-News Personal Tax Review

News on the personal taxation front in recent weeks has been dominated by reports of new taxes or increased income tax on the wealthy and high income earners as governments intensify their efforts to rein in budget deficits. This has especially been the case in Western Europe, where governments hamstrung by the eurozone crisis have a more urgent need than other countries to increase revenues and cut expenditure to reduce their reliance on borrowing.


At the back end of last month, the French government unveiled details of the country's 2012 finance bill, providing for a net increase in fiscal revenues of 7.5% to EUR273.1bn, and, crucially, for the introduction of a temporary 'exceptional contribution' on top income earners in France.


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Latest Tax News


EU Examines Unified Patent Litigation System

During the recent session of the European Competitiveness Council, held on September 29, the European ministers in charge of intellectual property issues had an exchange of views on the draft agreement for the creation of a unified European Union patent litigation system. Read Full Story »

WIPO To Agree International Treaty On Audiovisual Copyright

The Director General of the World Intellectual Property Organization, Francis Gurry, has welcomed a decision by its General Assembly to convene a diplomatic conference in 2012 to agree an international treaty on audiovisual performance rights. Read Full Story »

Obama Submits Pending FTAs To Congress

Amidst general calls for a swift Congressional reaction, President Barack Obama has formally submitted the legislation for the three pending free trade agreements between the United States and South Korea, Colombia, and Panama, along with renewal of the Trade Adjustment Assistance measures and the expired Generalized System of Preferences trade program. Read Full Story »

Canada To Implement 2011 Budget

Canadian Minister for Finance, Jim Flaherty on October 3 tabled in the House of Commons a motion to implement Budget 2011 tax measures. Read Full Story »

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