FEBRUARY 14, 2012 | having difficulty Viewing this email? view THE online version

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Latest Tax News


Obama Produces Election Budget

United States President Barack Obama has announced his proposed budget for the next fiscal year beginning on October 1, which, with over USD1.5bn in net new revenue from taxes on the wealthy and more spending on job creation and education, will provide his platform for re-election.
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EU Ready To Throw New Cash At Greece

Olli Rehn, the European Commissioner responsible for Economic and Monetary Affairs, has welcomed the Greek parliament's approval of a new package of austerity measures which, he said, would be 'supported by unparalleled financial assistance from Greece's partners'.
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Canada, Costa Rica Hold Talks To Improve FTA

Canada and Costa Rica have concluded a second round of talks on the improvement of their existing free trade agreement.
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Ireland To Improve Tax Relief For Approved Donations

Minister for Finance, Michael Noonan, has announced his intention to bring forward amendments to the charitable donations scheme, which will take effect from January next year.
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Germany's CDU Eyes Income Tax Compromise

Following the German government's recent failure to win support for its 2013 and 2014 tax cut plans in the Bundesrat, or upper house of parliament, Norbert Barthle, budgetary expert of the ruling Christian Democratic Union party, has mooted the idea of increasing the top rate of income tax in return for the tax relief measures, in order to gain support from the Social Democrats.
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Hong Kong Concludes Short Position Reporting Rules

Hong Kong's Securities and Futures Commission has published the conclusions to its consultation on proposed short position reporting rules, which will now be submitted to the Legislative Council for consideration.
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