02nd October 2009
State and local government revenues from authorized gambling operations declined by 2.6% from fiscal year 2008 to 2009, marking the first time those revenues have declined in over three decades, according to a report by the Rockefeller Institute of Govern...
02nd October 2009
In a recent announcement, President of the French National Assembly Finance Commission Didier Migaud has revealed his support for the introduction of a new minimum tax in France, and has also advocated increasing the existing tax levied on the financial s...
02nd October 2009
California's Commission on the 21st Century Economy has issued recommendations on how the state's out-dated tax system can be modernized to make it more reflective of a modern economy and to put an end to chronic fiscal deficits.
The report reflects ni...
02nd October 2009
The German elections may have drawn to a close, but the new Coalition already faces a tough battle ahead, as one by one leaders of German business associations begin to clamour for the parties to honour their pre-election pledges to cut taxes.
Election...
02nd October 2009
The Cayman Islands Tax Information Authority (TIA) has released statistics showing that while the number of reports made to European Union member states under the savings tax directive increased last year, the amount of savings income reported fell.
Th...
02nd October 2009
Three US paper companies have announced that they have filed anti-dumping and countervailing duty petitions to cover imports of certain types of coated paper from China and Indonesia.
Appleton Coated LLC, NewPage Corporation, and Sappi Fine Paper North...
02nd October 2009
French Prime Minister François Fillon has announced that the new carbon tax will initially be levied at “around one cent per litre” for farmers and fishermen. The Prime Minister has also confirmed that both farmers and fishermen will be compensated i...
02nd October 2009
It has emerged recently that Switzerland and Qatar have signed a new bilateral double taxation agreement (DTA) with respect to taxes on income, containing a provision on the exchange of information in accordance with the OECD standard.
In addition to t...
02nd October 2009
The G20 at its meeting in Pittsburgh agreed to strengthen the international financial regulatory system, including bankers’ compensation, and to maintain the main focus of the effort to improve tax transparency and the exchange of information between ju...
29th September 2009
Switzerland tops the overall ranking in The Global Competitiveness Report 2009-2010, released today by the World Economic Forum. The United States falls one place to second position, with weakening in its financial markets and macroeconomic stability.
...
29th September 2009
Many governments around the world are extending and tightening controls over cross-border transactions between companies within the same group, as they look for new sources of tax revenue, according to KPMG.
Businesses operating in countries such as C...
08th September 2009
The UK's HM Revenue and Customs (HMRC) announced on August 27 that a new Tax Information Exchange Agrement (TIEA) with Gibraltar has been signed by representatives of each government.
The agreement was initialed in London on August 24 by Lord Myners, F...
08th September 2009
New research from UK accountancy firm MacIntyre Hudson has revealed “severe dissatisfaction” amongst businesses with the UK’s tax regime.
The findings, released on September 1, would seem to underline a widespread concern that the government's ne...
