Latest News
15/3/2010
The ACT New Zealand Party, a member of the country’s present coalition government,
has continued its opposition to New Zealand’s new carbon emissions trading
scheme, calling it a tax that will increase inflation in the economy.
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16/3/2010
Hong Kong’s Financial Secretary, John C Tsang, made the traditional post-budget
speech at the Joint Business Community Luncheon on March 12 and, in particular,
reviewed the tax measures taken to increase the transaction cost of property speculation
so as to reduce the risk of a property bubble being created.
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12/3/2010
Egyptian telecom company, Orascom Telecom, has announced that its Algerian subsidiary,
Orascom Telecom Algérie, has received a rejection to its appeal,
made in December last year, against the notice for taxes and penalties it had
received from the Algerian tax authorities the month previously.
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12/3/2010
It has recently emerged that Switzerland and Slovakia have initialled a revised
bilateral double taxation agreement, containing the Organization for Economic
Cooperation and Development’s standard on tax information exchange.
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12/3/2010
Wealthy individuals may have less than two weeks to put plans in
place to reduce the tax impact of the Chancellor’s pre-election Budget,
warns PKF Accountants and business advisers.
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15/3/2010
British Virgin Islands Prime Minister, Ralph O’Neal has said that the territory
will run a budget surplus during 2010, although the government still intends to review indirect taxes and fees on financial services.
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15/3/2010
Germany’s Cabinet has recently approved a bill pertaining to the bilateral
tax information exchange agreement with Liechtenstein.
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12/3/2010
Authorities in the United Arab Emirates are inching closer to the introduction
of a value-added tax.
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12/3/2010
After a government meeting, Malaysia’s Second Finance Minister, Datuk Seri
Ahmad Husni Hanadzlah, has rejected any suggestion that the proposed introduction
of a goods and services tax has been cancelled.
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15/3/2010
Following indications that the Australian government was thinking of a delay to
the release of the Henry tax review, the Treasurer, Wayne Swan, has now confirmed
that it will be issued in good time for a full debate on any proposed tax changes.
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14/3/2010
The US Internal Revenue Service has announced several additional steps
it is taking this tax season to help people having difficulties meeting
their tax obligations because of unemployment or other financial
problems.
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15/3/2010
Senate Finance Committee Chairman Max Baucus is leading
efforts for reform of US trade preference programs accorded to
developing countries.
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12/3/2010
Governments must now gear their economies towards jobs, international competitiveness
and increasing the tax-take, the Organization for Economic Cooperation and Development has said in its latest ‘Going for
Growth’ report, analyzing the next step for recovering economies.
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15/3/2010
Jersey will overcome the evolving challenges being faced by offshore international
financial centres, Geoff Cook, Chief Executive of Jersey Finance, told participants
at a Breakfast Briefing in London.
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11/3/2010
The State of California’s Franchise Tax Board on March 9 announced
special tax relief for California taxpayers affected by the recent severe winter
storms that started in January.
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11/3/2010
The Humanist group cdH of the Walloon parliament in Belgium has rejected the
idea of a road tax levied per kilometre travelled, advocating instead the introduction
of an inclusive road tax disc, which could then be modified to take certain environmental
criteria into account.
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12/3/2010
The Bahamas has achieved a place on the Organization for Economic Cooperation and Development's ‘white list’ following
the signing of Tax Information Exchange Agreements with the seven Nordic economies of
Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden, on
March 10.
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11/3/2010
The Organization for Economic Cooperation and Development has welcomed
Portugal’s fiscal consolidation plan, emphasizing that it will serve to
support growth.
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11/3/2010
The Kingdom of Bahrain’s Minister of Finance, Shaikh Ahmed bin Mohammed
Al Khalifa, and UK ambassador, Jamie Bowden, signed
a comprehensive double taxation agreement between the two countries in Manama
on March 10.
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11/3/2010
Australia’s Assistant Treasurer, Nick Sherry, has announced that Australia
and Chile have signed a comprehensive bilateral double taxation agreement – the second such agreement between Australia and a South American country.
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12/3/2010
During a recent visit to Berlin, Switzerland’s State Secretary Michael
Ambühl, Head of the State Secretariat for International Financial Matters in the Federal Department of Finance, met with representatives of
Germany's Federal Ministry of Finance and Federal Chancellery to exchange ideas
on current financial and tax policy issues.
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12/3/2010
US Senate Finance Committee Chairman Max Baucus has applauded the Senate’s passage of legislation to extend tax cuts, unemployment insurance benefits and eligibility for unemployment benefits and health care for unemployed workers through the end of 2010.
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12/3/2010
In a recently adopted resolution, the European Parliament has emphasized the
need to develop plans for a global tax to discourage excessive risk-taking by
financial institutions and to ensure that the financial industry pays for damage
caused by the financial crisis.
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11/3/2010
Amazon.com cut ties with its Colorado affiliate marketers on March 8 after
the US state forged ahead with its plan to introduce a mandatory Internet sales
tax on e-businesses with an annual turnover exceeding USD100,000.
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11/3/2010
The Organization for Economic Cooperation and Development has called on Norwegian
authorities to revise fiscal policy in light of the nation’s recovering
economy.
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