Stories that are tagged 'individuals'

	Italian Property Tax Slammed As 'Odious And Inequitable' 5/16/2012 Niccoló Rinaldi, head of the Italian opposition party, Italia dei Valori, in the European Parliament, has described the new Italian tax on the value of overseas properties and financial assets as only the latest in a long line of attacks on the finances of Italian expatriates.
	IRS Non-Resident Reporting Rule Questioned Again 5/16/2012 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.
	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.
	Belgian Residents Stifled By Hollande's Tax Plans 5/15/2012 Over 100,000 Belgians will be affected by French President-elect François Hollande’s plans to increase the taxation of secondary residences in France, according to Belgian newspaper La Libre.
	UK Government Blasted Over IR35 Proposals 5/14/2012 HMRC has missed a great opportunity to bring clarity, transparency and fairness in dealing with the intermediaries legislation commonly referred to as IR35, according to members of the freelance community who were invited on to the Treasury forum to discus the issue.
	UK E-Seller Amnesty Deadline Looms 5/14/2012 HM Revenue and Customs has warned people trading on the internet and who may have tax irregularities that they now have just one month to take part in the e-sellers tax amnesty and avail of lower penalty rates.
	South Korea To Cut Property CGT 5/14/2012 The South Korean government has disclosed that it will try to boost the local housing market by relaxing restrictions on property transactions and cutting property transfer tax rates.
	Hungary To Abolish Bank Tax 5/11/2012 The Hungarian government has announced plans to halve the country’s bank tax in 2013, before subsequently abolishing the levy in 2014.
	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.
	Australia To Exempt Latest Flood Victims From Levy 5/8/2012 Australian Treasurer Wayne Swan has said that those affected by flooding earlier in the year will be exempt from the flood levy.
	IoM Will Not Follow UK's Lead On Taxing Business Jets 5/7/2012 The Isle of Man's Treasury Minister, Eddie Teare has confirmed that, despite the territory maintaining many similar elements to the United Kingdom tax regime, the island will not follow suit with the UK government's decision to begin taxing small business aircraft under the Air Passenger Duty regime.
	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.
	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).
	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.
	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.
	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.
	HMRC Apologises For Self-Assessment Penalty Error 5/3/2012 The UK tax authority, HM Revenue and Customs, has apologised to taxpayers following the dispatch of incorrect penalty notices to individuals supposed to have been removed from its Self Assessment program.
	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.
	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.
	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.
	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.
	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.
	India Obtains TIE Relaxations From Switzerland 5/2/2012 According to a statement from the India’s Ministry of Finance, the Indian and Swiss governments have signed a protocol to their bilateral double taxation agreement, which will allow for a 'liberal interpretation' of the identity requirements before the exchange of information.
	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.
	HMRC Warned Of RTI Impact On Small Firms 5/1/2012 The Low Incomes Tax Reform Group has said that the UK tax authority, HM Revenue and Customs, has underestimated the impact of Real Time Information on small employers.
	ECJ Rules Against Dutch Tax On Cross-Border Car Use 5/2/2012 The European Court of Justice has disagreed with the Dutch government's tax treatment of vehicles registered in other European Union states that are loaned free of charge and used on a non-permanent basis on Dutch roads.
	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.
	Ireland, US In Talks Over FATCA 5/1/2012 Ireland and the United States are in talks to establish a common approach to the Foreign Account Tax Compliance Act, drawing on domestic and international tax legislation and treaties.
	US House Passes Cybersecurity Bill 5/1/2012 Despite the indication that it would be vetoed by President Obama if it were to arrive on his desk, the United States House of Representatives has approved the Cyber Intelligence Sharing and Protection Act, which would encourage companies and the government to share information about cyber threats facing networks.
	Taiwan's Cabinet Tweaks Final CGT Structure 4/30/2012 Taiwan’s Finance Minister Christina Liu has confirmed the government has agreed the final structure of the new capital gains tax, that it intends to impose on profits made from trading in shares and bonds.
	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.
	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.
	Australian Inspector-General Reviews SME Compliance 4/26/2012 The Australian Taxation Office could improve its compliance approaches to small- and medium-sized enterprises and high wealth individuals in a number of areas, according to a new report.
	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.
	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.
	EU Data Watchdog Confirms ACTA Privacy Concerns 4/26/2012 The European Data Protection Supervisor has issued a further Opinion, deciding that the Anti-Counterfeiting Trade Agreement may have unacceptable side effects on the fundamental rights of individuals, if its measures are not implemented properly.
	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.
	Swiss Parliament Adopts Tax Deal With Austria 4/25/2012 Switzerland’s Federal Council has recently adopted the text of the withholding tax agreement with Austria.
	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.
	Germany's SPD Ups The Ante On Wealth Tax 4/20/2012 Marking a further shift to the left, four Social Democrat-led states reportedly intend to submit to parliament, ahead of the summer recess, a bill providing for the reintroduction of wealth tax in Germany.
	IRS Consults On Public Sector Retirement Age Rules 4/23/2012 It has been announced that the United States Internal Revenue Service and the Treasury Department anticipate issuing guidance relating to the applicability of the normal retirement age rules to governmental plans.
	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.
	Ireland Urged To Ease Property Tax For Low-Paid 4/19/2012 The Irish government's planned property tax could be fairer than the current interim household charge, the Economic and Social Research Institute has said, warning that the current system hits lowest earners hardest.
	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).
	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.
	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.
	France Sees Dip In 'Auto-Entrepreneurs' 4/18/2012 Urssaf, the French organization responsible for the collection of social contributions, has recently unveiled details of its latest assessment of the country’s ‘auto-entrepreneur’ regime, with its fiscal benefits for individual traders in France, taken at the end of December 2011.
	Spain's Rubalcaba Slams Tax Amnesty Plans 4/17/2012 Leader of Spain’s main opposition Socialist Party Alfredo Pérez Rubalcaba has recently announced his party’s intention to contest the constitutionality of the government’s planned tax amnesty, to prevent implementation of the ruling People’s Party’s latest proposals.
	Swiss Bankers Welcome Tax Deal With Austria 4/18/2012 The Swiss Bankers Association has recently taken note of the signing of the bilateral tax agreement between Switzerland and Austria, and has welcomed the fact that the Confederation’s strategy for tax conformity, defined over two years ago, has now been substantiated with a third European country following the agreements signed with the UK and with Germany.
	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.
	Hong Kong, Spain DTA Enters Into Force 4/16/2012 The agreement for the avoidance of double taxation, signed between Hong Kong and Spain on April 1 last year, came into force on April 13, after the completion of ratification procedures on both sides.
	Details Provided Of Taiwan's Proposed CGT 4/17/2012 Taiwan's Finance Minister Christina Liu has announced the structure of the new capital gains tax that the government will impose on profits made from trading in shares, bonds and derivative products, such as futures and options.
	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.
	Netherlands, Germany Seal New DTA 4/16/2012 German State Secretary for Foreign Affairs Emily Haber and Dutch State Secretary for Finance Frans Weekers have recently signed in Berlin a new bilateral double taxation agreement between the two countries.
	EU Consults On Rules For Wirelessly Connected Devices 4/13/2012 The European Commission has launched a public consultation to ensure that the rights of individuals are respected in the so-called "Internet of Things", where everyday objects, such as phones and cars, are wirelessly connected to the internet through smart chips, and can collect and share data.
	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.
	Commission Adopts Report Calling For New EU AML Directive 4/13/2012 In light of the adoption in February this year of revised international anti-money laundering standards by the Financial Action Task Force, and its own review process, a report on the application in the European Union of the Third Anti-Money Laundering Directive has been adopted by the European Commission.
	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.
	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.
	Taiwan's CGT Unlikely To Affect Small Retail Investors 4/12/2012 Following a further meeting of the government’s tax reform committee, Taiwan’s Minister of Finance Christina Liu has indicated that the proposal on a new capital gains tax on stock exchange profits is likely to be presented to the Executive Yuan shortly, but would also then need to be passed through the Legislative Yuan.
	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 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.
	Obama Signs JOBS Act For Small Businesses 4/9/2012 On April 5, after a rare example of bipartisan agreement in the United States Congress, President Barack Obama was able to sign the Jumpstart Our Business Startups (JOBS) Act, a bill to encourage startups and support small businesses without the use of taxpayers’ money.
	Singapore Property Prices Show Fall After Tax Hike 4/6/2012 Following the government’s announcement in December last year of an Additional Buyer’s Stamp Duty, the Urban Development Authority has disclosed that Singapore’s estimated private residential property price index fell in the first quarter of 2012.
	UK Overhauls Employment Tribunal Law 4/6/2012 Radical changes to the UK's employment laws come into effect this week, which the government says will cut unnecessary demands on employers, and encourage growth, while safeguarding workers’ rights.
	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.
	Singapore Eases Small Business Tax Compliance 4/3/2012 At the annual Budget Seminar organized by the Tax Academy of Singapore, Moses Lee, the Commissioner of Inland Revenue, has disclosed that the Inland Revenue Authority of Singapore is to introduce a further simplification of tax filing for small companies.
	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.
	EU Consults On Future Insolvency Law 4/3/2012 The European Commission has launched a public consultation on modernizing European Union rules governing insolvencies, which have applied since May 2002 and set out how bankruptcies – of companies or individuals – should be coordinated between member countries.
	Spain Unveils Tough Austerity Budget 4/3/2012 The Spanish government of Mariano Rajoy has recently unveiled details of Spain’s 2012 austerity budget, the toughest in recent history, providing for savings totalling around EUR27.3bn (USD36bn), and including the EUR15bn in tax rises and expenditure cuts announced back in December.
	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.
	New Zealand Closes Livestock Tax Loophole 3/30/2012 New Zealand has closed a loophole which allowed farmers to use two different livestock valuation methods to gain an unfair tax advantage.
	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.
	HMRC Launches UK Tax Academy 3/30/2012 HM Revenue and Customs has launched a new Tax Academy in the UK, offering staff the chance to work towards two professional degrees.
	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.
	Help Provided For Singapore's SMEs 3/29/2012 At Singapore’s Enterprise Development Centre Conference held recently, it was described how with the assistance of the Inland Revenue Authority of Singapore, small and medium-sized enterprises can be helped to understand the government’s Productivity Innovation Credit programme.
	Ireland Appoints 'Start-Up Ambassador' In China 3/30/2012 Enterprise Ireland has appointed an 'International Start-up Ambassador' in China as part of the government's Action Plan for Jobs 2012.
	Hollande Seeks To Reduce Tax On Health Insurance 3/29/2012 French presidential candidate François Hollande has recently confirmed his intention to reinstate the 3.5% tax on complementary health insurance contracts.
	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.
	Jersey Assesses UK Stamp Duty Measures 3/29/2012 Jersey Finance, the agency responsible for the promoting the island's finance industry, has responded to measures in the UK budget which seek to prevent stamp duty tax avoidance on the purchase of high-value property in the UK via offshore company structures.
	FTC Issues Final Report On US Data Privacy 3/27/2012 The Federal Trade Commission has issued its final report setting forth best practices for businesses to protect the privacy of United States consumers and give them greater control over the collection and use of their personal data.
	China To Extend Property Tax Later This Year 3/27/2012 The National Development and Reform Commission has confirmed that the pilot property tax presently operating in Shanghai and Chongqing will be extended to other cities in China later this year.
	Taiwan Could Repeal Luxury Tax In Reform Package 3/26/2012 In a parliamentary reply, Taiwan’s Finance Minister Christina Liu confirmed that, while luxury taxes will be eliminated at some point, it will only happen after permanent property taxes have been introduced within future tax reforms.
	Gibraltar Government To Back Finance Industry 3/23/2012 To mark one hundred days in office, the Gibraltar government has made a number of pledges that it will fulfil during its term, many of which are pertinent to taxpayers and the financial services sector.
	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.
	US, EU Issue Joint Statement On Data Privacy 3/22/2012 A joint statement, following a conference in which both European Commission Vice-President Viviane Reding and the United States Commerce Secretary John Bryson participated, confirms the deepening trans-Atlantic dialogue on commercial data privacy issues.
	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.
	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.
	Sarkozy Pledges To Halve Property Transfer Tax 3/21/2012 French President Nicolas Sarkozy has recently announced plans to significantly reduce the transfer tax imposed on individuals when moving house.

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