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International Business News
US Senators Want Clean Sweep Of Tax Code
26/02/2010
As Congress readies for the inevitable partisan debate over how best to address the expiring 2001 and 2003 tax cuts, US Senators Ron Wyden and Judd Gregg have introduced legislation that would, if enacted, perform the most widespread clean-up of the US tax code since the tax reform enacted under the Reagan administration in 1986.
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French Bill To Benefit Entrepreneurs
01/03/2010
The French National Assembly has adopted a bill providing for the creation of
a new legal structure in France, a sole proprietorship company with limited responsibility
(enterprise individuelle à responsabilité limitée), designed to protect individual entrepreneurs, and to provide significant
fiscal benefits.
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the full story
UK Publishes Draft Tax Framework For Business
23/02/2010
The UK government published on February 22 a draft Tax Framework for business, intended to provide greater certainty for large businesses about the government's approach to the development of tax policy.
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EU Steps Up Pressure To End Banking Secrecy
12/02/2010
Determined to bring a swift end to the era of banking secrecy, the European Parliament in Strasburg has adopted a non-binding resolution that strives towards
an automatic exchange of tax information.
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the full story
Switzerland Mulls WHT On Undeclared Assets
03/03/2010
It has recently emerged that Switzerland is to evaluate a series of tax initiatives,
designed to tackle the existence of foreign undeclared assets in Swiss bank accounts, but without compromising the country's cherished banking secrecy laws.
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the full story
Global Economists Call For Tobin Tax
17/02/2010
A group of 350 economists from around the world have put their signatures to a letter which urges the Group of 20 nations to set in place a financial transaction tax, popularly dubbed a 'Tobin tax'.
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Greece Unveils Tax Reform Programme
12/02/2010
The Greek government has unveiled details of its austerity programme, containing
a raft of tax measures to enable the country to exit the financial crisis and
to protect it from potential insolvency.
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the full story
Hong Kong Budget Includes Increased Property Taxes
25/02/2010
Hong Kong’s Financial Secretary, John C Tsang, has delivered a budget for
the 2010-11 fiscal year that includes a relief package to build on the economic
recovery, additional taxes to reduce volatility in the property market, and further
measures to strengthen the competitiveness of the asset management industry.
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the full story
IoM 2010/11 Budget Increases Individual Taxation
18/02/2010
The Isle of Man’s Treasury Minister, Allan Bell, presented his ninth
budget on February 16. The budget
features lower public spending, increased individual taxation and the use of reserves to
offset the fall in tax revenues as a result of the change to the VAT sharing
arrangement with the UK.
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Liechtenstein Pledges Swift Implementation Of Proposed Tax Reform
16/02/2010
At this year’s opening of Parliament, Hereditary Prince Alois von und zu
Liechtenstein outlined future challenges facing the principality, notably the
transformation of the country’s financial center through negotiation and
implementation of international tax agreements, and through overhauling the existing
tax system.
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the full story
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