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International Business News
US Treasury Aims To Lower FATCA Burdens
30/01/2012
During her remarks at the New York State Bar Association Annual Meeting, Acting
Assistant Secretary for Tax Policy, Emily McMahon, indicated that regulations
for the implementation of the provisions of the Foreign Account Tax Compliance Act are in the final stages of clearance at the United States Treasury and
the Internal Revenue Service.
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the full story
Sales Tax Rise 'Will Not Solve Japan's Fiscal Problems'
27/01/2012
In a study of fiscal trends in the country, the Cabinet Office has disclosed that
the Japanese government would still not achieve its longer-term deficit reduction
targets, even if its proposed consumption tax increases are able to be put into
effect.
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the full story
Merkel Champions Eurozone Fiscal Pact
26/01/2012
German Chancellor Angela Merkel has recently held talks in Berlin with Belgian
Prime Minister Elio Di Rupo, with the talks focussing on the European agenda,
and with both leaders underlining their commitment to further developing the planned
fiscal pact.
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the full story
French FM Sketches Contours Of FTT
25/01/2012
French Finance Minister François Baroin has recently confirmed government
plans to impose a financial transactions tax on shares, securities and derivatives.
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the full story
Ireland Overcoming Fiscal Woes
24/01/2012
Ireland has received positive feedback in terms of its progress towards fiscal
targets from the International Monetary Fund, the European Central Bank and
the European Commission as part of a review into progress made under a financial
assistance package provided to the nation to aid its resurgence from
the global financial and domestic banking crisis.
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the full story
InvestHK Assists Record Number Of Companies
23/01/2012
Invest Hong Kong has announced that it assisted 303 overseas and mainland
Chinese companies to set up or expand in Hong Kong in 2011 - the 11th consecutive
year that it has beaten its annual target for the number of completed projects.
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the full story
Obama's Job Council Recommends Tax Reform
20/01/2012
President Barack Obama's Council on Jobs and Competitiveness, set up a year
ago, has presented its 72-page report, including recommendations to create a
simpler, more efficient tax system that 'levels the playing field for
businesses and makes the US more competitive internationally'.
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the full story
Jersey Hits Back At Labour's Tax Haven Slur
19/01/2012
Jersey has responded to comments made by Ed Milliband, the leader
of the opposition Labour Party party in the United Kingdom, urging that action should be taken by the European Union against British Crown Dependencies,
including Jersey.
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the full story
Transaction Costs To Soar Under EU FTT
18/01/2012
Transaction costs in the foreign exchange markets would soar under a European financial transactions tax (FTT) and could potentially result in three quarters of taxable transactions relocating to other jurisdictions to avoid the tax, a new report has warned.
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the full story
Merkel Resolves To Accelerate Euro Fiscal Pact
17/01/2012
Following the recent decision by ratings agency Standard and Poor’s to downgrade
the credit ratings of nine eurozone member states, including crucially France
and Austria, German Chancellor Angela Merkel underlined the need to rapidly implement
the planned fiscal pact, agreed in December.
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the full story
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