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UK Launches Raft Of Tax Consultations
28 July 2010
Exchequer Secretary to the Treasury, David Gauke, has published nine documents for discussion and consultation relating to tax, following commitments made at the June budget.
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Sarkozy Seeks 'Fiscal Convergence' With Germany
26 July 2010
During a recent meeting of the French cabinet, attended by Germany’s Finance Minister Wolfgang Schäuble, French President Nicolas Sarkozy put forward the idea of convergence of the French and German tax systems.
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Japan May Cut Corporate Tax
08 July 2010
Japan’s Prime Minister Naoto Kan has announced his desire to cut corporate tax but to widen the range of companies who pay the full rate.
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HK Surges Up FDI Rankings
28 July 2010
Hong Kong was the world's fourth largest foreign direct investment recipient last year, up from its ninth position in 2008, according to the World Investment Report 2010 published by the United Nations Conference on Trade and Development.
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Canadian Tax Take Continues To Recover
28 July 2010
Canadian Minister for Finance, Jim Flaherty has released the Fiscal Monitor for April and May 2010, showing improved revenues on the corresponding period in 2009.
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EU Businesses Face VAT Refund Delays
19 July 2010
The European Commission has announced measures that will ensure that taxpayers do not lose out on their right to VAT refunds.
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French Lawmakers Approve Pension Reform Bill
27 July 2010
Following days of discussions behind closed doors, the French National Assembly Social Affairs Committee has adopted the government’s pension reform bill, increasing the legal age of retirement from 60 to 62 and aligning public sector pension contributions with those of the private sector.
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Dubai Moves To Support Entrepreneurial Activity
26 July 2010
Dubai has announced plans to launch a new visa system that would expedite entrepreneurs’ visa applications and offer business formation advice as part of the Dubai’s efforts to encourage high value start-ups to the Emirate.
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Indian GST To Have Three Tier Rate Structure
26 July 2010
The Indian finance minister, Pranab Mukherjee, has proposed a rate structure for the Goods and Services Tax to the Indian states, which initially would share proceeds of indirect taxes equally between the states and the centre.
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Expats Turn Backs On US Taxes
20 July 2010
Increasing numbers of Americans are taking the dramatic step of renouncing their citizenship in order to escape Uncle Sam's all-encompassing tax net.
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William Hill Moves Telebetting To Gibraltar
28 July 2010
UK bookmaker William Hill has announced that it is to transfer its telephone betting operation to Gibraltar because the UK's tax regime makes it 'impossible' for the company to compete with offshore telebetting firms on an equal footing.
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UK Launches Office Of Tax Simplification
21 July 2010
UK Chancellor George Osborne is unveiling plans for a new Office of Tax Simplification. The new, independent body will, as the name suggests, be tasked with simplifying the British tax system.
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Singapore Launches Investor Tax Deduction
05 July 2010
SPRING, a Singaporean development agency for growing innovative companies and fostering small- and medium-sized enterprises in the country, has launched the Angel Investors Tax Deduction scheme, which was announced in the budget earlier this year.
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Congress Approves US Financial Reform Bill
19 July 2010
After a period of delay since its approval by the House of Representatives on June 30, the US financial reform bill was finally approved by the Senate on June 15 and sent to President Obama’s desk to be signed into law.
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Greens May Hold Sway Over Australian Mining Tax
23 July 2010
Australia’s Green party has said that it would look to increasing the revenue collected from the proposed minerals resource rent tax, if it manages to hold the balance of power after the August 21 election.
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Ireland Welcomes Covidien From Bermuda
23 July 2010
Irish Prime Minister, Brian Cowen on July 20 welcomed the opening of Covidien’s operations at the European Services Centre in Dublin. The company announced its intention in 2009 to relocate to Ireland from Bermuda.
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Luxembourg Adopts Anti-Crisis Bill
19 July 2010
During a recent meeting, Luxembourg’s governing council adopted the draft law introducing tax measures relating to the financial and economic crisis.
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