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| February 8, 2010 |
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Irish Finance Minister, Brian Lenihan has published the Finance Bill 2010,
which gives effect to numerous taxation measures announced in last December’s
budget, including a 0.5% cut in value-added tax and the introduction of a 'domicile levy'.
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| February 8, 2010 |
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German banking group Deutsche Bank has announced that it intends to pay around GBP200m (EUR225m) to the British government as a result of the new bank payroll tax.
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| February 8, 2010 |
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Singapore and Japan have signed a protocol to incorporate into their existing
double taxation agreement the new internationally-agreed Organization for
Economic Cooperation and Development standard for the exchange of information
for tax purposes.
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| February 8, 2010 |
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A new pan-European business survey, released on February
1, 2010, has shown that the Ireland continues to lead the way in Europe
as a hub for private and family-owned enterprises involved in investing in
innovation, and in developing new products.
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| February 8, 2010 |
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Despite being welcomed by Britain's creative and research-intensive industries, a leading think thank has argued that the government's proposed 'patent box' regime will fail to encourage innovation.
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| February 8, 2010 |
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Australia’s Assistant Treasurer, Nick Sherry, has announced that negotiations
to update Australia's double taxation agreement with Austria will take place
in March 2010.
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| February 8, 2010 |
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Faced with a budget deficit rising from 5.9% to 6.8% of GDP in 2010, the Russian Ministry of Finance has set up a working group to report by March 1 on the affordability of zero export duties on oil from East Siberia and other means of incentivising development in the East.
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| February 8, 2010 |
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The US House Judiciary Subcommittee on Commercial and Administrative Law has sat to discuss 'State Taxation: The Role of Congress in Defining Nexus.' The Tax Foundation advocated a physical presence standard in written testimony, especially in an age of e-commerce.
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| February 5, 2010 |
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Estimated at around EUR360m, the product of the windfall tax levied on bonuses,
issued by France to market operators, is to be transferred in its entirety to
Oséo, the public bank working to support small- and medium-sized enterprises, under an amendment put forward by French Finance Minister Christine Lagarde.
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| February 5, 2010 |
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UK Treasury minister Lord Myners has said that the government expects revenues from the new 50% top rate of income tax will be much lower than expected as taxpayers arrange their affairs to avoid paying it.
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| February 5, 2010 |
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The European Commission has assessed Greece's
Stability Programme, and has approved the ambitious budget-deficit reduction
targets outlined, as well as the fiscal measures and structural reforms contained
in the programme.
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| February 5, 2010 |
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With the end of tax year approaching, commentators are predicting a bumper year for UK Venture Capital Trusts in light of the forthcoming increase in the top rate of income tax in the UK, as well as the reduction in pensions tax relief for higher earners. In fact one commentator predicts demand to surge by 70% on the previous year.
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| February 5, 2010 |
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Following a IDR2.1 trillion tax arrears claim on Bakrie Group in January, the Indonesian Directorate of Taxes warns that it will commence a program of transfer pricing audits on selected groups.
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| February 5, 2010 |
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The Qatar Financial Centre Authority has announced a new strategic focus for 2010 and beyond, with the creation of three specific hub strategies concentrating on Asset Management, Reinsurance and Captive Insurance.
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| February 5, 2010 |
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With regard to the current tax dispute between the Bureau of Customs and
Pilipinas Shell Petroleum Corporation, the Joint Foreign Chambers of the
Philippines has requested that the country’s tax regulations are
applied with consistency so as not to discourage future investment.
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| February 4, 2010 |
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While President Barack Obama's proposals to cut tax and create additional investment incentives for small business have been welcomed, representatives of America's largest companies complain that other aspects of the 2011 budget proposals will undermine the President's goals of accelerating the US economic recovery by impeding their ability to invest internationally.
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| February 4, 2010 |
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Eager to maintain the special flat rate tax privilege accorded to wealthy foreigners, Switzerland’s cantonal Finance Directors
have announced that the existing system of taxation is to be reformed, and that
the conditions determining the application of the tax are to be toughened.
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| February 4, 2010 |
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Despite emphatic calls from German Opposition groups, the Social Democratic Party and the parliamentary Left group, for the introduction of an international
financial transactions tax, as well as measures designed to curb both speculation
and excessive banking bonuses, their request has found little support from either
the Free Democratic Party or from the Christian Democratic Union.
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| February 4, 2010 |
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Bermuda’s Minister of Finance, Paula Cox has announced the signing of a
bilateral agreement with Japan for the full exchange of information in criminal
and civil tax matters, under an Organization for Economic Cooperation and Development model Tax Information Exchange Agreement.
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| February 4, 2010 |
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As the Australian government reintroduces its proposed emissions trading scheme into parliament for a third time, Tony Abbott, the leader of the opposition,
has released a climate change plan that, he says, would reduce carbon emissions
without taxation.
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