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International Business News
Ireland Will Not Budge On Corporate Tax Rate
21/05/2012
Hiking Ireland’s corporation tax rate is not in the country’s interests, Prime Minister Enda Kenny has said, a sentiment backed up by his deputy and Finance Minister, who have also stressed that Ireland remains firm in its position on the tax.
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Boehner Warns Of Looming 'Fiscal Cliff'
18/05/2012
With the prospect of a further stand-off between the Democrat and Republican parties
later this year over the United States government statutory debt limit, House
of Representatives Speaker John Boehner has returned to his mantra
of spending cuts with no tax increases.
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Hollande Eyes 'Growth Dimension' In Fiscal Compact
17/05/2012
During their first meeting in Berlin, German Chancellor Angela Merkel and French
Socialist President-elect François Hollande underscored the importance
of Germany and France continuing to work closely together in the interests of
Europe, and their responsibility and commitment to collaborating on ideas aimed
at stimulating growth in Europe ahead of the European Council meeting in June.
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the full story
IRS Non-Resident Reporting Rule Questioned Again
16/05/2012
The Treasury Department’s failure to provide sufficient answers about Internal
Revenue Service regulations requiring United States banks to disclose interest
paid to non-resident aliens has prompted the House of Representatives’ Ways
and Means Oversight Subcommittee Chairman Charles Boustany to
request additional information.
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De Gucht Sees EU-US Trade Treaty In 2014
15/05/2012
In a speech on the future of transatlantic trade, to the recent AmCham Germany
Annual Membership Meeting in Hamburg, the European Commissioner for Trade Karel
De Gucht foresaw the possibility of a comprehensive free trade agreement between the United States and the European Union in 2014.
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Putin Backs Ratification Of WTO Commitments This Year
14/05/2012
Russia's new President, Vladimir Putin has dismissed calls to delay the nation's
accession to the World Trade Organisation.
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the full story
Italy, Switzerland Agree To Tax Talks
11/05/2012
Following the recent positive developments with regard to the tax treaties between
Switzerland and various European Union member states, a meeting held on May 9
between Swiss and Italian officials has agreed to the establishment of a working
group to resolve the outstanding tax problems between their two countries.
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Australian Budget Scraps Planned Business Tax Cuts
10/05/2012
A planned cut to business tax rates will not go ahead in Australia, as the government seeks to redirect projected mining tax revenue to help families and small businesses in the face of ongoing disputes with opposition parties.
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Juncker Insists Fiscal Compact Not Up For Renegotiation
09/05/2012
Luxembourg’s Prime Minister and Eurogroup President Jean-Claude Juncker
has firmly ruled out the idea of completely renegotiating the fiscal compact,
agreed by twenty-five of the twenty-seven European Union member states back
in March, and aimed at strengthening budgetary discipline, following the election
of François Hollande as the new French President.
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the full story
France Begins Examination Of Hollande's Election Tax Package
08/05/2012
Following the upcoming legislative elections in June, French lawmakers are to
convene during an extraordinary session in July to examine a bill containing the
fiscal pledges outlined by President-elect François Hollande during his
election campaign, expected to increase the fiscal burden on households in France
to the tune of around EUR14bn (USD18.26bn).
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the full story
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