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| July 3, 2009 |
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The European Council has adopted a directive intended to strengthen measures against the evasion of value-added tax on imports.
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| July 3, 2009 |
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French Minister for the Economy Christine Lagarde has firmly ruled out a proposal
to abolish France’s highly controversial tax shield or “bouclier
fiscal” in order to reduce public debt.
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| July 3, 2009 |
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Approved unanimously by Liechtenstein’s Parliament, the country’s
Tax Information Exchange Agreement with the US, signed in December 2008,
is due to enter into force on January 1, 2010.
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| July 3, 2009 |
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US Trade Representative Ron Kirk and Colombian President Alvaro Uribe (pictured) met in Washington on June 29 to discuss the US-Colombia FTA, which remains unratified by the US more than two-and-a-half years after it was signed.
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| July 3, 2009 |
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The government’s latest anti-crisis package, announced last week, is
part economic stimulus, part cost reductions and part increased collection from
the underground economy, so explained Giulio Tremonti, Italy’s Minister
of Economics and Finance, during the course of a press conference.
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| July 3, 2009 |
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The Hungarian Parliament has approved a tax bill for 2010, part of the government’s
efforts to boost the country’s competitiveness and balance its books.
As a result, the International Monetary Fund (IMF) has given Hungary the green
light to draw down the next tranche of the USD15.7bn loan granted last October.
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| July 3, 2009 |
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The Director of the Italian Revenue Agency praised the successes of the additional
effort made by the Agency to increase tax collections from the hitherto “underground
economy”, in his evidence to the Senate’s Finance And Treasury
Commission.
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| July 3, 2009 |
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US Trade Representative Ron Kirk (pictured) has announced that the Generalized System of Preferences program facilitated USD31.7bn in imports of nearly 5,000 types of products from 131 developing countries in 2008.
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| July 3, 2009 |
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New Jersey governor Jon Corzine is expected to join with New Jersey State Senator Ray Lesniak in a lawsuit claiming that the 1992 federal sports betting ban is unconstitutional and violates states' rights.
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| July 3, 2009 |
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Technical negotiating teams from the Cayman Islands and the Netherlands have
finalised the terms of an agreement and protocol for the exchange of information
with respect to tax matters.
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| July 3, 2009 |
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Jersey's Deputy Chief Minister Philip Ozouf has confirmed the island's continued support
for the automatic exchange of information, following the Isle of Man 's announcement
this week that it would move to automatic exchange from July 1, 2011.
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| July 3, 2009 |
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BDO International, the fifth largest global accountancy network, on June 23
announced the opening of a new corporate finance office in the Dubai International
Financial Centre (DIFC).
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