Stories that are tagged 'individual income tax'

	St Lucia Eyes Income Tax Cuts, After VAT Implementation 5/16/2012 The government of Saint Lucia has outlined new tax measures in its latest Budget to shift the tax burden from direct to indirect taxes.
	Bundesrat Blocks German Tax Cut Plans 5/16/2012 Germany’s coalition government has failed to secure a majority for its EUR6bn (USD7.7bn) tax cut plans in the German Bundesrat, or upper house of parliament, despite predicted additional tax revenues of around EUR30bn by 2016, compared to the November 2011 tax estimate.
	South Africa Consults On Retirement Savings Incentives 5/15/2012 Following the Minister of Finance Pravin Gordhan’s announcement in his 2012 Budget in February that the South African government is looking to provide incentives for savings and the reform of the retirement industry, the National Treasury has now published an overview consultation paper.
	Hong Kong Still Sees Problems On Mainland Services 5/11/2012 Secretary for Commerce and Economic Development, Gregory So, has replied to a question in the Legislative Council regarding the tax and procedural difficulties being experienced by the Hong Kong services sector in developing business in Mainland China.
	UK Donations To Qualify For UK Top Up Payments 5/10/2012 Debate over the UK's reform of the tax treatment of charities continues, with news that charities will be able to claim top-up payments on certain small donations without needing donors to claim tax reliefs, and a new survey showing that a majority of peers object to plans to cap tax relief on donations.
	HMRC Expands RTI Pilot 5/11/2012 HM Revenue and Customs has announced the addition of a further 310 employer schemes to its Real Time Information pilot, which launched last month.
	US Congress Investigates Tax Fraud 5/10/2012 The House of Representatives Ways and Means Committee’s Oversight Subcommittee Chairman Charles Boustany and its Social Security Subcommittee Chairman Sam Johnson (pictured) have held a joint hearing on tax fraud involving identity theft in the United States.
	France Begins Examination Of Hollande's Election Tax Package 5/8/2012 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).
	Merkel Set For Battle On Tax Cut Plans 5/8/2012 Ahead of a crucial vote in the Bundesrat, Germany’s upper house of parliament, German Chancellor Angela Merkel has warned the federal states not to block the government’s EUR6bn (USD8bn) tax cut plans, aimed at combating fiscal drift in the country’s income tax law.
	Hollande, Sarkozy Go Head-To-Head On Tax 5/7/2012 During a long, bitter televised debate, aimed at attracting wavering voters ahead of Sarkozy's defeat on May 6, and punctuated by attack and counter attack, outgoing French President Nicolas Sarkozy and new Socialist President François Hollande went head-to-head on key election battleground issues including taxation in France and the crisis in Europe.
	IRS Accepting Applications For Taxpayer Clinic Grants 5/4/2012 After the recent disclosure that applications could be made for the Tax Counselling for the Elderly and Volunteer Income Tax Assistance grant programmes, the United States Internal Revenue Service has now also announced the opening of the 2013 Low Income Taxpayer Clinic grant application process.
	IRD Issues 2m Individual Tax Returns In Hong Kong 5/3/2012 As Hong Kong’s Inland Revenue Department begins sending out 2.16m tax returns, the Commissioner of Inland Revenue, Chu Yam-yuen, reminded individual taxpayers to file their tax returns by June 2, while sole proprietors of unincorporated businesses have until August 2.
	Spanish U-Turn Sees VAT Rise In 2013 5/4/2012 Marking a dramatic about-turn, the Spanish government has confirmed plans to introduce a ‘notable’ rise in value-added tax and to increase special taxes imposed on alcohol and tobacco next year.
	Chile Announces Tax Reform Plan 5/2/2012 Chilean Finance Minister, Felipe Larrain has confirmed a package of measures that aims to improve income distribution, and fund education reforms, whilst maintaining Chile's competitiveness. This is to include the elimination of import duties from 2015, setting the nation apart from the rest of Latin America.
	IRS Seeks Applications For Tax Assistance Grants 5/3/2012 The United States Internal Revenue Service is now accepting applications for the Tax Counselling for the Elderly and Volunteer Income Tax Assistance grant programmes, which will allow some organizations to apply for annual funding for up to three years.
	Ireland To Tighten Tax Residence Rules 5/3/2012 Ireland's Minister for Finance Michael Noonan has launched a consultation on possible revisions to the current tax residence rules designed to ensure that affluent individuals that have strong economic ties to Ireland but are not tax resident pay a 'fair contribution' in tax.
	Indonesia Promises Tax Threshold Increase 5/2/2012 Despite the government’s failure earlier this year to reduce fuel subsidies, and thereby restrict Indonesia’s fiscal deficit, President Susilo Bambang Yudhoyono has announced that the country’s individual income tax threshold will be increased.
	Uganda Advised To Widen Tax Base 5/2/2012 During a speech to an African Tax Administration Forum workshop in Kampala, the European Head of Mission Roberto Ridolfi has remarked that Uganda’s tax base needs to be widened urgently in order to increase the government’s revenues.
	Further Attacks Launched On Italian Tax Evaders 5/1/2012 Following an announcement by the Italian financial police, Guardia di Finanza, that it has already uncovered substantial amounts of undeclared income in the first four months of 2012, the Italian Revenue Agency launched countrywide anti-evasion checks during the May Day holidays.
	Bahrain Urged To Explore Long-Term Tax Reform 5/1/2012 Bahrain should look to introduce a corporate income tax or value-added tax to stabilize the country's finances, the International Monetary Fund has said.
	Germany's SPD Eyes Solidarity Tax Rise 5/1/2012 The idea of maintaining and increasing beyond 2019 the country’s highly unpopular solidarity levy, as a means with which to finance the reduction of old debt, is rapidly gaining momentum among leaders of Social Democrat-led states.
	Dutch Lawmakers Unite On Austerity Budget 5/1/2012 Despite the recent collapse of Mark Rutte's minority coalition government and ensuing panic on the already anxious markets, the Dutch parliament has finally adopted the country’s budget package, designed to reduce the budget deficit to 3% of gross domestic product in 2013, and providing for savings of around EUR12bn (USD15.9bn) next year.
	Hong Kong Gazettes Budget Measures 4/30/2012 The Inland Revenue (Amendment) Bill 2012, which aims to implement the concessionary revenue measures proposed in the 2012-13 Budget, has been gazetted in Hong Kong.
	German States Seek To Further Simplify Tax Law 4/27/2012 Germany’s federal states are pressing ahead with plans to simplify the country’s tax law.
	Low Tax Receipts Hike UK Borrowing Figures 4/27/2012 Weak tax receipts helped push up UK public sector borrowing in March, with large corporate tax repayments and no increase in value-added-tax receipts among the factors to blame.
	Austria's Tax Revenues Rise 4/26/2012 The Austrian finance ministry has recently published details of its tax revenue figures for the first quarter of the year, showing total income from January to March 2012 of around EUR16.2bn (USD21.4bn), up by approximately EUR600m or 3.8% from the first quarter of 2011.
	China Confirms Slowdown In Tax Revenue Growth 4/26/2012 The Ministry of Finance has announced final figures showing that China's tax revenues increased substantially by 10.3% in the first quarter of 2012, much less than the increase of 32.4% experienced in the first quarter of last year, and the slowest growth rate in three years.
	Congress Examines Tax-Advantaged Health Accounts 4/27/2012 On April 25, a US Congressional panel held a hearing focused on the limitations imposed on the purchase of over-the-counter medication with tax-advantaged accounts, such as health care flexible spending arrangements, health savings accounts and health reimbursement accounts.
	Greek Conservatives Pledge Sweeping Tax Cuts 4/27/2012 Unveiling details of his economic programme in Athens recently, ahead of the May 6 elections, Greece’s New Democracy conservative leader Antonis Samaras pledged to reduce taxes and to increase spending on low pensions, while at the same time ensuring that the ambitious deficit reduction targets agreed with international moneylenders are met.
	Singapore Consults On Parent Care Tax Relief 4/26/2012 Singapore's government is considering whether to allow sharing of a tax relief for caring for parents and elderly relatives among claimants in such proportion as they may agree, and the Inland Revenue Authority of Singapore has issued a consultation paper setting out the options which it may adopt.
	Italian Government Urged To Reduce Tax Burden 4/25/2012 While the Italian government has stressed that there will be no need for new taxes in a further budget this year, the Court of Auditors and the Bank of Italy, in their testimony to the Chamber of Deputies on the recently-issued 2012 Economic and Financial Document, have emphasized, instead, that tax burdens have to be reduced as soon as possible.
	Singapore Achieves Record 97% E-Filing Rate 4/25/2012 The Inland Revenue Authority of Singapore has pointed out how the city state’s taxpayers continued to enjoy the convenience of e-filing their tax returns before this year’s due date of April 18.
	Germany Sees Record Q1 Tax Revenues 4/25/2012 German tax revenues reportedly soared to record heights in the first quarter of this year, despite a sluggish economy over the winter months.
	Committee Scrutinizes UK Top Tax Rate Cut 4/23/2012 The UK tax authority, HM Revenue and Customs, should publish a new assessment on the likely impact of lowering the UK's top rate of income tax, a group of lawmakers has said, warning that the costs and benefits of the measure are both highly uncertain.
	Spain Defends 2012 Austerity Measures 4/23/2012 During a recent address to congress to present and explain the government’s 2012 budget, Spain’s Secretary of State for Finance Miguel Ferre underscored that the tax measures provided for in the budget plans will enable the country to achieve its fiscal consolidation targets.
	Taiwan Mulls Reduced Tax Rate For Expatriates 4/20/2012 It is likely that the government will propose measures to attract foreign professionals and other white-collar managers to Taiwan, on the instigation of the Taiwanese Premier Sean Chen.
	EU Tax Issue With Guernsey's Tax Regime 4/23/2012 Guernsey's zero-ten corporate tax regime has been confirmed as 'harmful' by the European Union's Code of Conduct Group on Business Taxation. The Code Group had previously ruled similarly in relation to the zero-10 regimes of both Jersey and the Isle of Man.
	US Congress Looks At Retirement Account Tax Reform 4/20/2012 The United States House of Representatives Ways and Means Committee has held a hearing on possible modifications to tax-favoured retirement savings plans, including employer-sponsored defined contribution plans and individual retirement accounts, which might be considered as part of comprehensive tax reform.
	South Africa Pushing For Tax Compliance By HNWIs 4/20/2012 In reply to a question in the National Assembly, South Africa’s Finance Minister Pravin Gordhan confirmed that the South African Revenue Service has taken steps to improve income tax compliance among high net worth individuals (HNWIs).
	Monti Produces Future Italian Fiscal Framework 4/18/2012 The government has agreed the draft of a law, to be subsequently approved by parliament, which would provide the framework for tax reform in Italy, but which, in fact, is more notable for what is does not, rather than for what it does, contain.
	New UK Non-Dom Scheme Welcomed 4/18/2012 The UK's new 'non-dom' legislation provides potentially attractive relief, but investors must be aware of the complex rules, lawyers have warned.
	NZ Consults On Salary Trade-Off Tax Proposals 4/18/2012 New Zealand's government is seeking views on its plans to broaden the tax rules for salary and benefit packages, intended to improve fairness in the tax system.
	France Launches 2012 Income Tax Campaign 4/18/2012 France’s directorate general of public finance has recently published details of the timeframe for filing 2012 income tax declarations, together with details of changes to look out for this year.
	Hong Kong, Indonesia DTA Comes Into Force 4/17/2012 It has been announced that the agreement for the avoidance of double taxation, signed between Hong Kong and Indonesia on March 23, 2010, came into force on March 28 this year, after the completion of ratification procedures on both sides.
	Charities Fear UK Tax Relief Cap 4/17/2012 Chief executives of the UK's top charities fear that the planned cap on tax relief will curb donations and have called on the government to scrap the proposals.
	Obama's Buffett Tax Fails To Pass Through US Senate 4/18/2012 Despite pressure from President Barack Obama, the Democrat Party-led United States Senate has been unable to advance his proposed ‘Buffett Rule’ tax measure in the face of Republican Party opposition.
	Study Sresses Tax Contribution Of US Auto Industry 4/17/2012 A study from the Center for Automotive Research has highlighted the 'significant' contribution that the auto industry now provides to state and federal tax revenues, as it makes a recovery from the recent economic recession.
	China's Tax Revenue Growth Slows 4/17/2012 The Ministry of Finance has announced that China's national fiscal revenue increased substantially by 14.7% in the first quarter of 2012, marginally higher than the 13.1% rise seen in the first two months of this year, but much less than the increase of 33.1% experienced in the first quarter of 2011.
	IRS Has Backlog In Offers Of Compromise 4/16/2012 The Treasury Inspector General for Tax Administration has found that efforts by the United States Internal Revenue Service to promote the Offer in Compromise programme has increased the number of requested offers by 28% between 2007 and last year, but, at the same time, has created a backlog and delayed responses to taxpayers.
	Road Crash Deaths Increase On US Tax Filing Day 4/13/2012 A study, included in the current edition of the Journal of the American Medical Association, has found that road crash fatalities in the United States increase on the income tax deadline day laid down by the Internal Revenue Service.
	Irish Tax Breaks Not Generous Enough, Minister Warns 4/12/2012 Tax breaks for executives are not generous enough, Ireland's Minister for Jobs has been reported as warning the Finance Minister.
	Czech Cabinet Unites On Austerity Package 4/13/2012 Following months of internal conflict, the Czech cabinet has finally adopted the comprehensive savings programme agreed by the coalition parties, containing a raft of savings measures and planned tax rises aimed at consolidating the country’s finances.
	Osborne 'Shocked' By UK Tax Dodging 4/13/2012 George Osborne has admitted to being 'shocked' by high levels of tax avoidance amongst the UK's wealthiest people, hinting at his support for a so-called 'tycoon tax'.
	HMRC Launches Bereavement Service 4/11/2012 HM Revenue and Customs is to improve and streamline its customer service programme by launching a Bereavement Service for taxpayers.
	France's Hollande Unveils 'Vast' Tax Reform Plans 4/11/2012 Bernard Cazeneuve, spokesman for the French Socialist presidential candidate François Hollande, has recently unveiled details of Hollande’s tax reform plans, designed to simplify and to make more transparent the current tax system, and to create greater fiscal justice in France, reflecting true Republican values.
	AICPA Reinforces IRS Tips for Last Minute US Tax Filers 4/11/2012 As the deadline for filing 2011 individual income tax returns approaches, the American Institute of Certified Public Accountants has provided a list of tips to help taxpayers with any last-minute uncertainties, while the United States Internal Revenue Service has explained the means by which tax payments can be made or delayed.
	UK Taxpayers Educated On Working Tax Credit Changes 4/9/2012 The Low Incomes Tax Reform Group in the United Kingdom has warned a number of groups of tax credit claimants that they need to contact the UK tax authority, HM Revenue and Customs, if they want to continue to receive working tax credits, following the enactment of Budget provisions.
	UK Opposition Attacks New Tax Year Changes 4/10/2012 The Labour party's Ed Balls has slammed the latest round of tax and benefit changes to hit UK taxpayers, arguing that families with children are set to lose over GBP500 a year.
	UK Taxpayers Missing Out On Tax-Free Saving Opportunities 4/10/2012 New research from Standard Life says that a general lack of awareness about the UK tax system is preventing UK taxpayers from capitalising on tax relief available annually on contributions to Individual Savings Accounts (ISAs) and personal pensions.
	Irish Tax Revenue On The Up 4/6/2012 Irish tax revenues were 10.2% ahead of target in March, an improvement caused by later than expected corporate tax collections and the technical reclassification of some income tax receipts.
	Brazil Prepares Payroll Tax Cuts To Prop Up Economy 4/6/2012 Brazilian President Dilma Rousseff has announced a number of measures aimed at boosting economic growth in ailing sectors of the economy, including through payroll tax concessions.
	IRS Advises Late Filers 4/6/2012 The United States Internal Revenue Service has reminded taxpayers that solutions are available if they are unable to file their returns on time, and that they can even request relief online.
	EU To Investigate Cross-Border Worker Taxation 4/6/2012 Tax provisions of European Union member states are to be scrutinized to ensure that they do not discriminate against cross-border workers, in a targeted initiative launched by the European Commission.
	Philippines Targets Over USD930m From 100 Tax Cases 4/4/2012 At a press briefing at the Department of Justice, the Philippines’ Bureau of Internal Revenue confirmed that it has now filed a total of 100 cases under its Run After Tax Evaders scheme since the start of President Benigno Aquino’s government.
	Hong Kong Issues 2011-12 Tax Returns 4/4/2012 On April 2, Hong Kong’s Inland Revenue Department issued about 170,000 profits tax returns, 120,000 property tax returns and 220,000 employer's returns for the year of assessment 2011/12, and about 2.16m tax returns for individuals will be issued on May 2.
	Obama Pushes For Buffett Tax 4/4/2012 President Barack Obama has reiterated his strong recommendation for Congress to pass, in the near future, a 'Buffett tax' on the wealthiest United States taxpayers, although he obviously knows that such a tax would be extremely unlikely to obtain the approval of his Republican electoral opponents.
	Gordhan Reviews South African Tax Season 4/3/2012 South Africa’s Minister of Finance, Pravin Gordhan, has disclosed the preliminary tax collection results of the South African Revenue Service for the 2011/12 fiscal year, and introduced its new five-year Compliance Programme.
	Italy's Compliance Drive Paying Off 4/2/2012 An Italian Revenue Agency statement has illustrated the much improved results it achieved last year from its two-prong strategy of targeted tax compliance measures and more-efficient services for taxpayers.
	German Bundestag Backs Tax Cuts 4/2/2012 The German Bundestag, or lower house of parliament, has recently adopted by 310 votes to 243 the coalition’s EUR6bn (USD8bn) tax cut plans, aimed at combating fiscal drift in the country’s income tax law.
	Hong Kong's Cash Bonus Enters Second Stage 4/2/2012 The Financial Services and the Treasury Bureau has confirmed that the second stage of Hong Kong’s HKD6,000 cash handout scheme commences on April 1.
	CGT A Top Priority For Taiwan's Tax Panel 4/2/2012 Christina Liu, Taiwan’s Minister of Finance has disclosed that the government’s tax committee has, as one of its top priorities, the proposal for a capital gains tax on stock exchange profits.
	Guernsey Reports Strong Tax Amnesty Take-Up 3/29/2012 The Guernsey government has reported a significant uptake from taxpayers of its income tax irregularities amnesty launched in 2011.
	Slovakia's Fico Eyes End To Popular Flat Tax 3/30/2012 Tasked by Slovak President Ivan Gasparovic with the role of forming a new government, Slovakia’s recent election victor Robert Fico has announced plans to abolish the country’s flat tax and to reintroduce a progressive system of taxation.
	South Africa Issues Tax Guide For Shareholders 3/28/2012 The South African Revenue Service has issued a new tax guide for shareholders, in which it attempts to provide general guidance for the increasing number of South Africans who have become owners of shares.
	UK Budget Delivers Tax Cuts 3/23/2012 George Osborne has delivered a Budget that ‘unashamedly backs business’, slashing the top rate of personal income tax and accelerating corporate tax cuts.
	Cantor Proposes US Small Business Tax Cut 3/23/2012 The United States House of Representatives Majority Leader Eric Cantor has introduced the Small Business Tax Cut Act of 2012, aimed at helping small businesses to grow and to hire new workers.
	Number Of French Tax Exiles 'Marginal' 3/22/2012 Linked to the French finance ministry, the national union of tax officials has recently revealed that only one in one thousand individuals subject to wealth tax actually leaves France each year.
	Italy Boasts New Weapon In War On Evasion 3/22/2012 The Italian Revenue Agency’s Director, Attilio Befera, has announced that its new, revamped ‘redditometro’ – the computer data system which compares taxpayers’ income declarations with their spending habits – is now expected to be fully operational by June this year.
	GOP Budget Provides US Tax Cuts 3/22/2012 The Republican Party’s 2013 budget, proposed by the House of Representatives Budget Paul Ryan (R – Wisconsin), which reduces government spending to curb its fiscal deficit and debt levels, also includes the framework for a revenue-neutral reform of the United States tax code.
	US Tax-Exempt Groups Open To More Scrutiny 3/20/2012 The United States Internal Revenue Service has launched a new online search tool, Exempt Organizations Select Check, to help users more easily find key information about tax-exempt organizations, such as federal tax status and filings.
	Hollande Resurrects French 'Rocard Cap' 3/19/2012 Having recently announced plans to introduce a 75% rate of tax in France, levied on income in excess of EUR1m (USD1.3m), French Socialist candidate for the Elysée François Hollande has subsequently put forward the idea of re-establishing a cap on taxation, to ensure that it is not ‘confiscatory’.
	Families To Lose Most From UK Tax Changes 3/15/2012 Households with children are set to lose the most from the UK's forthcoming tax and benefit changes, the Institute for Fiscal Studies has said.
	NZ Pushes Tax Credits For 'Payroll Giving' 3/15/2012 New Zealand's Revenue Minister Peter Dunne has praised the creation of a new website which offers information for employers seeking to establish Payroll Giving schemes in their workplaces.
	Swiss 'Flat Taxes' Under Attack 3/14/2012 During recent federal and cantonal votes, the Swiss canton of Appenzell Ausserrhoden in the north of Switzerland voted in favour of abolishing the flat rate of tax currently benefiting wealthy foreigners.
	Sarkozy, Hollande Lock Horns On Taxation 3/14/2012 With just a month and a half to go before the start of the elections, French presidential candidates Nicolas Sarkozy and his Socialist rival François Holland have once again crossed swords on the key battleground issue of taxation.
	Deputy PM Backs UK 'Tycoon Tax' 3/13/2012 The UK's Deputy Prime Minister Nick Clegg has voiced his support for a 'tycoon tax', with a minimum tax rate enshrined in legislation to make sure everyone pays a 'fair share'.
	US Lawmakers Mull Small Business Tax Reforms 3/13/2012 The House of Representatives Committee on Ways and Means has held a hearing to examine how the United States tax code affects closely-held businesses, and how and under which sets of rules such firms should be taxed within any future tax reform.
	Schäuble Set To Remove Voluntary Service Tax Break 3/12/2012 Just eight months after the official end to national service and conscription in Germany, the German finance ministry is considering whether or not income paid to volunteers in either the military service or the government’s new federal volunteer service should be taxed.
	Jersey Reports Record Tax Compliance Figures 3/9/2012 Jersey’s Tax Office has reported an all-time high tax collection rate of 99.6% for 2011, markedly higher than that of the United Kingdom last year, which recorded a rate of around 96%.
	Swiss Lawmakers Back Bonus Tax 3/12/2012 Marking an about-turn, the Swiss National Council has narrowly voted in favour of plans to impose a tax on large bonuses in Switzerland in excess of CHF3m (EUR2.5m) (USD3.3m).
	US Court Closes Employee Insurance Benefit Tax Scheme 3/12/2012 The United States Justice Department has announced that a federal court has permanently barred the operation of an alleged scheme that helps high-income individuals attempt to avoid income taxes by funnelling money through purported "welfare benefit plans”.
	Swiss Lawmakers Raise Foreigners' Flat Tax 3/9/2012 The Swiss Council of States has recently voted by a large majority in favour of plans to increase the flat rate of tax currently benefiting wealthy foreigners in Switzerland.
	IRS Offers New Payment Relief Under Expanded Fresh Start Initiative 3/9/2012 The United States Internal Revenue Service has announced a major expansion of its ‘Fresh Start’ initiative to help struggling taxpayers, by taking steps to provide new penalty relief to the unemployed and making instalment agreements available to more people.
	Irish Tax Revenues Ahead Of Target 3/8/2012 Irish tax revenues rose considerably in January and February, largely due to delayed corporation tax receipts and the technical reclassification of some income tax revenue.
	UK Panel Recommends Small Business Tax Reforms 3/8/2012 Practical changes to the UK's tax system will help ease the burdens imposed on small businesses, the Office of Tax Simplification has said.
	Half Of Singapore's Taxpayers Will Not Need To File Returns 3/8/2012 The Inland Revenue Authority of Singapore has indicated that around half of the country’s 1.8m taxpayer base are eligible for its No-Filing Service and will not have to file tax returns, but will receive their notices of assessment directly.
	Coalition In Talks To Scrap UK's Top Tax Rate 3/8/2012 There is a 'very broad understanding' within the coalition that the UK's top rate of income tax will be scrapped, the Business Secretary has confirmed. His hopes to see a mansion tax introduced may however be hit by new research showing that the case for the levy is far weaker than it at first appears.
	Schäuble Defends 'Constitutionally Necessary' Tax Cuts 3/6/2012 German Finance Minister Wolfgang Schäuble has recently underlined the need for a reduction in the fiscal burden on individuals in Germany, to be achieved by the introduction of measures aimed at combating fiscal drift in the country’s income tax law.
	'Cut 50% Tax Rate', SMEs Tell UK Chancellor 3/6/2012 The sooner the UK's top rate of income tax is scrapped, the better, a group of small and medium-sized enterprise leaders have told the Chancellor of the Exchequer.
	Hollande, Miliband Hold Tax Talks 3/2/2012 During a recent meeting in London with the leader of the UK Labour Party Ed Miliband, French presidential candidate François Hollande, currently championing the introduction of a European tax on financial transactions, called for more rigorous financial market regulation, while insisting, however, that he would not be 'dangerous' for the City.

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