Stories that are tagged 'investment'

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	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.
	Swiss Asset Managers Slam 'Incoherent' Financial Centre Strategy 5/16/2012 During its general assembly in Zurich, the Swiss Association of Asset Managers criticized the government’s ‘white money strategy’, a new financial market policy geared towards the management of taxed assets, calling instead for a coherent strategy for the Swiss financial centre.
	Cayman Islands Target Brazilian Investors 5/16/2012 The Cayman Islands government has sought to bolster business relations with Brazilian investors by taking part in the recent Brazil Investment Summit.
	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.
	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.
	Gibraltar Proposes Law Change To Offer UK QROPS 5/15/2012 The Gibraltar government has published a Bill that would amend the territory's legislation to allow local practitioners to offer Qualifying Recognised Overseas Pension Schemes under a regime compliant with new rules set by the UK tax authority, HM Revenue and Customs.
	Lufthansa Slams German Plane Ticket Tax 5/15/2012 Presenting details of the company’s 2011 annual report at its annual general meeting in Cologne, Deutsche Lufthansa’s Chief Executive Officer Christoph Franz urged the coalition government to end the controversial plane ticket tax currently costing the company around EUR361m (USD465m) annually.
	Cayman Regulatory Framework Endorsed 5/15/2012 Cayman Finance has welcomed the results of an independent study which places the Cayman Islands among only two offshore territories which have consistently implemented internationally-accepted standards on identity verification during due diligence processes.
	Hong Kong Concerned At Operation Of US Volcker Rule 5/14/2012 Following is a question in the Legislative Council, the Secretary for Financial Services and the Treasury, Professor K C Chan, confirmed that Hong Kong shares the concerns raised by other financial markets, such as Canada, France, Germany, Japan and the United Kingdom, over the extra-territorial reach and the implementation of the United States’ Volcker Rule restrictions.
	San Marino Urged To Consider New Economic Model 5/11/2012 Despite a 15% decline in tax revenues in San Marino over the past two years, authorities have been able to maintain a comparatively low deficit. However, the most significant challenges relate to the stability of the nation's banking sector, which has suffered capital flight as tax transparency initiatives gain ground, a new International Monetary Fund report says.
	Funds In Line For French Tax Refunds 5/14/2012 France is facing tax refund claims of EUR4bn (USD5bn) from savers and institutional investors after the European Court of Justice ruled in favour of investments funds from Belgium, Germany, Spain and the United States in a tax case - a ruling which could have ramifications for other European Union member states.
	Qatar DTA Will Boost Investment In Bermuda, Says Cox 5/11/2012 Bermuda's Premier, and Minister for Finance, Paula Cox, has stressed that the signing of a Double Tax Agreement with Qatar will significantly strengthen the territory's ability to act as a western hub for the Islamic financial services industry.
	South Africa Loses CGT Exit Charge Appeal 5/11/2012 The South African Revenue Service has lost its Supreme Court appeal on a case concerning the capital gains tax that it said should be applied on a deemed disposal when a taxpayer becomes non-resident.
	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.
	Italy, Switzerland Agree To Tax Talks 5/11/2012 Following the recent positive developments with regard to the tax treaties between Switzerland and various European Union member states, a meeting held on May 9 between Swiss and Italian officials has agreed to the establishment of a working group to resolve the outstanding tax problems between their two countries.
	IMF Identifies Risks In Swiss Banking Sector 5/11/2012 The International Monetary Fund has said in its latest Article IV consultation with Switzerland that, while the fiscal position is healthy, there remain a number of risks to the country's financial services sector, amid the possibility of a real estate bubble.
	EU Fails To Unite On Basel III 5/10/2012 Despite a marathon round of intense negotiations in Brussels, led by the Danish Presidency of the European Union, EU Economic and Financial Affairs Council ministers failed to agree a common approach on the issue of more stringent capital standards.
	DIFC To Accept Credit Rating Agencies 5/10/2012 The Dubai Financial Services Authority has launched a consultation on new rules which would allow credit rating agencies to establish operations from the Dubai International Financial Centre tax-free zone.
	Jersey Enhances Regulatory Cooperation With Germany 5/9/2012 The Jersey Financial Services Commission has announced the signing of a cooperation agreement to boost its relationship with the German banking, insurance and investment firms' regulator, the Bundesanstalt fur Finanzdienstleistungsaufsicht.
	Rajoy Eyes Taxpayer Funds To Shore Up Ailing Banks 5/10/2012 Marking a dramatic about-turn, Spain’s Prime Minister Mariano Rajoy has confirmed that he is no longer ruling out the idea of using taxpayers’ money to support ailing banks in Spain to avert a crisis and to restore confidence.
	IoM Concludes 30th Tax Sharing Pact, With Qatar 5/10/2012 The Isle of Man government has announced the signing of a comprehensive double tax agreement with Qatar, only the fifth agreement of its type to be negotiated by the Isle of Man, but the 30th agreement to include tax information exchange provisions.
	Financial Crisis Hits Jersey Finance Industry Profits 5/10/2012 The Jersey government's latest statistical report shows a significant decline in the profitability and size of the nation's financial services industry since the start of the financial crisis, putting pressure on Jersey tax receipts. Recent figures for 2011, however, show modest signs of improvements.
	Liechtenstein, Georgia Initial Landmark DTA 5/9/2012 Liechtenstein and Georgia have recently initialled in Tbilisi a bilateral double taxation agreement between the two countries in the area of taxes on income and on wealth.
	Gibraltar Promotes E-Gaming Specialism In US 5/9/2012 The Gibraltar government has sought to improve relations and expand on business opportunities with United States regulators, operators and businesses, with a delegation led by the Rock's Minister with responsibility for gambling, Gilbert Licudi, to the GiGse Totally Gaming conference in San Francisco.
	Regulatory Change To Drive Onshore Fund Growth 5/9/2012 French hedge funds and the securities regulator AMF believe the Alternative Investment Fund Managers Directive will - more than UCITS - boost investor confidence in hedge funds and pave the way for potentially significant asset growth.
	UK Peers Warn Over Transaction Tax Implications 5/9/2012 The UK’s House of Lords has once again attacked plans by the European Commission for a Europe-wide financial transaction tax, warning that if introduced, the UK could account for 71% of the revenue it would raise.
	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).
	Hong Kong Vows To Maintain Stable Property Market 5/8/2012 In a speech to the Oxford and Cambridge Society of Hong Kong, the Financial Secretary John C Tsang said that the government's initiatives to maintain a stable property market have been fairly effective, but that it would have “no hesitation in applying further measures,” if necessary.
	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.
	Hong Kong Readies Corporate Disclosure Regime 5/7/2012 Hong Kong’s Securities and Futures Commission and Hong Kong Exchanges and Clearing Limited have both welcomed the enactment of the Securities and Futures (Amendment) Ordinance 2012, which, in particular, establishes a statutory disclosure regime for listed companies.
	Germany Unites On Financial Supervision Reforms 5/7/2012 During a recent sitting, Germany’s federal cabinet adopted a bill aimed at strengthening financial supervision in Germany.
	Left Demands Improvements To Swiss-German Tax Deal 5/7/2012 Despite cracks appearing in cross-party relations, Germany’s red-green federal states, governed by both the Social Democrats and by the Green Party, are said to remain united in their firm opposition to the Swiss-German tax deal, and in their demands for improvements to be made to the text.
	Swiss Left Seeks To Delay Debate On Tax Deals 5/4/2012 Switzerland’s Social Democrats have threatened to block in parliament the landmark withholding tax agreements concluded recently with Germany, the UK and Austria, if the treaties are not in accordance with the party line.
	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.
	HMRC Will Not Appeal Stamp Duty Ruling 5/3/2012 The UK tax authority, HM Revenue and Customs, will no longer seek to impose Stamp Duty Reserve Tax on the issue of shares to depositary receipt issuers and clearance services outside the European Union following a recent legal ruling.
	HKMA Reviews Its Progress In 2011 5/3/2012 In addition to its actions to strengthen further the risk management of banks through its supervisory actions and countercyclical measures on property mortgages, the Hong Kong Monetary Authority pointed, in its 2011 Annual Report, to its support to the further expansion of renminbi market activities in Hong Kong.
	Barbados Targets US Investors 5/2/2012 Barbados's Prime Minister Freundel Stuart has highlighted the advantages of doing business in the territory for United States investors as the US Chamber of Commerce prepares to launch an office in the country this year.
	Uruguay To Exchange Tax Information With Argentina 5/1/2012 Uruguay has agreed to share tax information with Argentina, under a landmark double tax agreement recently signed between the two nations.
	Bermuda Financial Services Conference Hailed Success 4/30/2012 Bermuda has welcomed the success of the Annual Bermuda Financial Services Conference, held in London on April 24, 2012, which attracted an audience of more than 260 leading lawyers, accountants and financial services executives.
	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.
	UK, EU Talk 'Shadow Banking' Regulation 5/1/2012 At a conference on ‘shadow banking’ in Brussels, both Michel Barnier, European Commissioner for Internal Market and Services, and Paul Tucker, the Bank of England’s Deputy Governor for Financial Stability, have outlined their views on policies for its better regulation.
	German Cabinet Adopts Swiss Tax Deal 4/30/2012 The German cabinet has recently adopted the bill implementing the bilateral tax agreement with Switzerland.
	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.
	Barbados's Tax Transparency Framework Endorsed 4/27/2012 The Barbados government has welcomed recognition from the Organization for Economic Cooperation and Development that its legislative and regulatory framework for the exchange of tax information meets international standards.
	EP Committee Seeks Wider FTT Net 4/30/2012 The Economic and Monetary Affairs Committee of the European Parliament has said in a recently adopted resolution that the European Commission’s proposed financial transaction tax should be better designed in order to capture more traders and to make evading it unprofitable.
	Switzerland To Conclude TIEAs 4/27/2012 The Swiss Federal Council has recently taken the decision to agree to the international standard on administrative assistance not only in double taxation agreements, but also in so-called tax information exchange agreements.
	Bermuda Signs TIEAs With Italy, Malaysia 4/27/2012 Bermuda Premier Paula Cox on April 23 signed additional tax information exchange agreements with Malaysia and Italy in London.
	Canada Targets Immigrant Entrepreneurs 4/26/2012 The Canadian government has launched consultations on plans for a new 'start-up visa' designed to attract immigrant entrepreneurs and bolster the economy.
	Luxembourg, Germany Sign Revised DTA 4/25/2012 German Finance Minister Wolfgang Schäuble and his Luxembourg counterpart Luc Frieden have recently signed in Berlin a new agreement on the avoidance of double taxation in the area of taxes on income.
	Australia To Grant Tax Relief To Superfund Managers 4/26/2012 A new temporary relief will enable Australian superfunds to merge without facing a tax hit, thanks to new legislation intended to support superannuation reforms.
	Bermuda Concludes Marketing Push In China 4/26/2012 Business Bermuda, the promotional agency for the territory's financial services industry, has concluded a week-long business development and relationship-building trip in Shanghai and Beijing mirroring the decisions of other small, low-tax, financial centres targeting the region as a new source of financial services growth.
	Volcker Rule Conformance Period Clarified 4/25/2012 The United States Federal Reserve Board has clarified that an entity covered by the Volcker Rule section of the Dodd-Frank Wall Street Reform and Consumer Protection Act has the full two-year period provided by the statute fully to conform its activities and investments.
	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.
	Jersey Builds Business Relationship With UAE 4/24/2012 Jersey Treasury Minister Philip Ozouf has arrived in the United Arab Emirates as part of a three-day official visit to promote Jersey's offerings as an international financial centre.
	India Reassures US On Retrospective Tax Plans 4/24/2012 India's Finance Minister Shri Pranab Mukherjee has defended plans for retrospective tax legislation, telling the US Secretary of the Treasury that the proposals merely clarify the intent of current laws.
	London Invokes Clause To Improve Swiss Tax Deal 4/24/2012 In a diplomatic note, the UK has called for changes to be made to the bilateral withholding tax agreement concluded with Switzerland last October, aimed at resolving the issue of the undeclared wealth of British residents held in Swiss banks.
	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.
	Guernsey Fund Lists On LSE 4/24/2012 A Guernsey closed-ended investment company has been used by Blue Crest Capital Management in its Initial Public Offering of a fund on the London Stock Exchange Main Market, advised upon by Channel Islands law firm Carey Olsen.
	Vodafone Challenges Indian Tax Law 4/23/2012 The ongoing tax dispute between India and Vodafone has erupted again, with the telecoms company now serving a Notice of Dispute against the government's controversial new retrospective tax legislation.
	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.
	SVG's Tax Transparency Endorsed 4/20/2012 Saint Vincent and the Grenadines has welcomed the adoption of a report by the Organization for Economic Cooperation and Development that confirms the territory has adequate frameworks in place to meet international standards on tax transparency and information exchange.
	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.
	Bermuda Signs MLAT With The US 4/23/2012 Bermuda's Prime Minister Paula Cox has noted the recent conclusion of a new Mutual Legal Assistance Treaty with the United States, which will significantly boost cooperation between the nations, and aid the countries in more effectively tackling financial crime.
	Swiss Lawmakers To Examine German, UK Tax Deals 4/23/2012 The Swiss Federal Council has recently submitted to parliament the bilateral withholding tax agreements with Germany and the UK, together with the Federal Act on International Withholding Tax, designed to implement the new agreements.
	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.
	Liechtenstein, Sweden TIEA Enters Into Force 4/19/2012 The bilateral tax information exchange agreement between Liechtenstein and Sweden has now entered into force, following ratification of the treaty by the relevant contracting parties.
	German Bank Tax Yields Meagre Rewards 4/20/2012 Germany’s controversial bank tax is expected to yield meagre revenues this year of just EUR500m (USD655m), well below the government’s original target figure, and below the EUR590m derived from the levy last year, according to recent reports.
	BIS Issues Final Principles For FMIs 4/20/2012 The Bank for International Settlement’s Committee on Payment and Settlement Systems and the technical committee of the International Organization of Securities Commissions have published the final version of their ‘Principles for Financial Market Infrastructures’ report.
	Maltese Developers Cry Foul On Property Tax Valuations 4/19/2012 The Malta Developers Association has called on the government to rethink the valuation of island property for the purposes of levying the 12% withholding tax on property sales, to take into account the falling price of real estate.
	Liechtenstein, Austria Eye Withholding Tax Deal 4/18/2012 Austria reportedly plans to re-launch talks with Liechtenstein at the end of April, aimed at negotiating a bilateral tax deal between the two countries to resolve the issue of untaxed assets held by Austrian residents in the Principality’s banks.
	China's Overseas Investment Soars, As Incoming FDI Falls 4/18/2012 The Ministry of Commerce has disclosed that, at the same time as China's overseas direct investment was rapidly increasing in the first quarter of this year, foreign direct investment into China fell for the fifth month in a row in March.
	IRS Issues Final Non-Resident Reporting Rule 4/18/2012 The Treasury Department has issued the final regulations on the reporting to the Internal Revenue Service of interest paid to non-residents by United States banks from January 1, 2013.
	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.
	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.
	South Africa Consults On Long-Term Insurers' CGT 4/18/2012 With regard to the proposals announced in the South African 2012/13 Budget in February this year, the National Treasury has released for public comment details on how increased capital gains tax rates will be applied to long-term insurers.
	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.
	US, Tunisia Hold Talks Under Bilateral TIFA 4/18/2012 A delegation from the Office of the United States Trade Representative has recently met with the Tunisian government, under the auspices of the US-Tunisia Trade and Investment Framework Agreement Council, which was re-launched late last year.
	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.
	Legatum Chooses DIFC For Global HQ 4/16/2012 Private investment group Legatum has made a substantial investment in acquiring Precinct Building 6 within the Dubai International Financial Centre tax-free zone, which will serve as the firm's global headquarters.
	IoM 50C Pension Scheme Falls Foul Of New QROPS Rules 4/16/2012 The Isle of Man government has responded to the recent update to UK rules regarding Qualifying Recognised Overseas Pension Scheme, which now excludes transfers to structures under Section 50C of the Income Tax Act 1970, known as 50C pension schemes.
	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.
	Austria, Switzerland Unite 'In Principle' On Tax Deal 4/16/2012 Austria’s Finance Minister Maria Fekter has announced that an agreement in principle has now been reached on the tax treaty between Austria and Switzerland.
	Mauritius, Luxembourg Initial Revised DTA 4/13/2012 Luxembourg’s Deputy Prime Minister and Foreign Affairs Minister Jean Asselborn has recently conducted a working visit to the island of Mauritius, with the main aim of deepening existing relations, and in particular bilateral economic ties, with the visit culminating in the initialling of a revised bilateral double taxation agreement between the two countries.
	Future Bright For Panama: IMF 4/13/2012 The International Monetary Fund has published its Article IV report in respect of Panama, noting that the country has exited the global downturn robustly, with a well-capitalised banking system, but efforts should continue to build upon the tax revenue base to reverse poor revenue performance witnessed last year.
	Sarkozy Outlines Ambitious Campaign Tax Plans 4/13/2012 France’s outgoing President Nicolas Sarkozy has recently unveiled details of his election proposals aimed at creating ‘a strong France’, and containing a raft of tax measures, intended to attract voters.
	Full Steam Ahead For Swiss-Austrian Tax Deal 4/13/2012 Austria’s Finance Minister Maria Fekter is due to meet her Swiss counterpart Eveline Widmer-Schlumpf in Bern on April 13, to sign a bilateral tax agreement between the two countries aimed at resolving the outstanding issue of undeclared Austrian money held in the Confederation’s banks, according to the Swiss Finance Ministry.
	Offshore QROPS Domiciles Stunned At HMRC's Last-Minute Change 4/12/2012 The UK tax authority, HM Revenue and Customs has indicated that tax relief available on pension transfers, under so-called Qualifying Recognised Overseas Pension Scheme structures, will no longer be available unless the Scheme is offered within the territory in which the expatriate is newly resident, putting a multi-million offshore industry at jeopardy.
	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.
	Guernsey Fund Of Hedge Funds Receives European Accolade 4/11/2012 Guernsey-headquartered Legis Fund Services has been recognised as 'Best Administrator - under USD30bn Fund of Hedge Funds' at the HFMWeek European Services Provider Awards.
	Germany's SPD Rejects Revised Swiss Tax Deal 4/12/2012 Sigmar Gabriel, leader of Germany’s Social Democrats, has once again reiterated his party’s intention ‘to stop’ the Swiss tax deal in the Bundesrat, where the coalition lacks the necessary majority, despite the recent signing of a Supplementary Protocol to the agreement, aimed at appeasing both the German opposition parties and the federal states, as well as the European Commission.
	Jersey Responds To QROPS Change With New Offering 4/11/2012 The Jersey government has announced the launch of a new Jersey-based pension scheme, the Recognized Pension Scheme, which provides a structure compliant with UK law following changes to UK rules regarding Qualifying Recognised Overseas Pension Schemes.
	UK Due To Introduce Tax-Transparent Pooled Fund Structure 4/10/2012 Northern Trust has confirmed that it will offer the incoming UK tax-transparent pooled funds structure, when regulations permitting the vehicle become effective in the UK in late summer 2012.
	HMRC Publishes Guidance On Reduced IHT Rate Eligibility 4/11/2012 The UK tax authority, HM Revenue and Customs has released new guidance on eligibility for the new reduced rate of Inheritance Tax, introduced on April 6, 2012, and available where 10% of an estate is gifted to a registered charity.
	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.
	Ogier Advises On USD1.1bn Debt Conversion 4/11/2012 Ogier's British Virgin Islands office has advised CEMEX - one of the world's leading cement and building materials companies - on its most recent notes transaction valued at USD1.1bn which closed at the end of March.
	CIOT Expects UK-Swiss Tax Deal Re-Write 4/11/2012 Changes to the Swiss-German tax treaty could lead to higher charges for UK holders of undeclared Swiss bank accounts, the Chartered Institute of Taxation has warned.
	Taiwan's CGT May Exempt Foreign Investors 4/10/2012 Following a meeting of the government’s tax reform committee, Taiwan’s Ministry of Finance indicated that it was probable that foreign investors would be exempt from any proposal for a new capital gains tax on stock exchange profits.
	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.
	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.
	Malta To Improve Workings Of Deposit Compensation Scheme 4/9/2012 The Maltese Financial Services Authority has proposed measures to bolster the functioning of the nation's Depositor Compensation Scheme - a safeguard to mitigate depositor losses should a resident financial institution default.

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