Stories that are tagged 'property 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.
	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.
	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.
	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.
	Italy Hopes To Avoid Future VAT Increase 5/3/2012 In recognition of the need to reduce public expenditure as much as possible so as to contain taxpayer burdens, the Italian government has announced the framework of a spending review to be undertaken in the next month.
	Italy Has No Plans For Wealth Tax 4/25/2012 In his testimony to the Italian Chamber of Deputies’ economic and finance committee, the Deputy Economy Minister Vittorio Grilli confirmed that the government has no plans to introduce a wealth tax, or any other new taxation, in a further budget.
	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.
	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.
	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.
	World Bank Looks For Chinese Tax Cuts 4/16/2012 In its new China Quarterly Update, the World Bank sees a probable need to facilitate a soft landing for the Chinese economy, with any policy response falling in the first instance on fiscal policy, particularly tax measures supporting consumption.
	OECD Urges Tax Reform In Poland 4/5/2012 The Organisation for Economic Cooperation and Development has presented a report recommending that Poland implement specific measures to improve the nation's tax regime and meet deficit reduction targets at a faster pace.
	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.
	Ireland Faces Household Charge Backlash 4/3/2012 Action against Ireland's household tax continues apace, with only 61% of liable households expected to pay the tax and over 5,000 people marching through the streets of the capital in protest.
	Hong Kong Begins Islamic Bond Tax Consultation 3/30/2012 The Financial Services and the Treasury Bureau has launched a two-month consultation on the proposed amendments to the Inland Revenue Ordinance and Stamp Duty Ordinance to promote the development of an Islamic bond, or 'sukuk', market in Hong Kong.
	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.
	Belgium Told To Revise Taxation Of Property Income 3/26/2012 The European Commission has officially asked Belgium to revise its taxation of property income from sources outside Belgium.
	BC Panel Seeking Views On Business Taxation 3/26/2012 British Columbia’s Expert Panel on Business Taxation is seeking submissions to inform its work on business tax competitiveness.
	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.
	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.
	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.
	Thailand Shelves VAT Hike 3/16/2012 Thailand’s Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong has said that the government has no intention of increasing the country’s value added tax rate.
	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'.
	Eurogroup Backs Second Greek Bailout Deal 3/14/2012 Following months of gruelling negotiations, euro zone finance ministers finally gave their seal of approval to a second EUR130bn (USD170bn) bailout package for Greece, during the latest European Council meeting in Brussels.
	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.
	German Foundation Eyes Wealth Tax Reforms 2/27/2012 Tax experts at the Hans Böckler Foundation have recently put forward reform proposals for the taxation of wealth in Germany, designed to generate additional annual tax revenues for the state and to ensure that Germany’s wealthiest individuals contribute more in future to financing state budgets.
	Taiwan Forms Tax Reform Study Group 2/22/2012 Christina Liu, the new Minister of Finance, has confirmed that a task force will be convened towards the end of next month by Taiwan’s Premier Sean Chen, to help examine and propose tax reform policies.
	Finland Urged To Reduce Labour Taxes 2/15/2012 The Organisation for Economic Cooperation and Development has urged Finland to accelerate the pace of tax reforms to support fiscal consolidation to tackle the fiscal challenges of an ageing population, particularly by lowering labour taxes to boost employment levels.
	Taiwan Looks At A Windfall Tax 2/6/2012 Christina Liu, who will be Taiwan’s Minister of Finance in the cabinet reshuffle after the last month’s elections, has disclosed that she intends to appoint a committee to look at the government’s tax reform options, including a possible windfall tax.
	China Halves Land Use Tax For Large Warehouses 2/6/2012 China’s State Administration of Taxation has announced that, within a policy of promoting the development of the country’s logistics sector, the urban land use tax has been reduced for large warehouses.
	Ireland Creates Expert Panel For Property Tax Plans 2/3/2012 The Irish government is pushing forward with its plans for a property tax, appointing an expert panel to consider proposals.
	Belgium Urged To Cut Labour Taxes 2/3/2012 The International Monetary Fund has welcomed spending cuts implemented by Belgium to bring the nation's deficit to below 3% of Gross Domestic Product by 2012, but has urged authorities to undertake comprehensive tax reform to boost employment and growth prospects.
	Clegg Rocks Coalition Boat On Taxes 1/31/2012 The UK's tax system cannot go on as it is, the Deputy Prime Minister Nick Clegg has said, reiterating his commitment to a mansion tax and calling on the Chancellor to accelerate plans to raise the tax free threshold.
	Barbados Modernizes Land Tax Administration 1/26/2012 Barbados has announced that it will soon roll out its online portal for taxpayers to view and pay their land tax bills online, although the system is not yet available for foreign property owners.
	Austria Focuses On Eradicating Tax Loopholes 1/23/2012 Echoing views expressed in parliament recently by Austria’s Finance Minister Maria Fekter, legal tax expert Werner Doralt has given his full support to any plans to close existing loopholes in the country’s tax system to consolidate the budget.
	Cable Keeps UK Mansion Tax On The Agenda 1/24/2012 A mansion tax is a 'very good idea', the UK Business Secretary Vince Cable has said, calling for the levy to be introduced in the upcoming Budget.
	BC Government Appoints Tax Panel 1/17/2012 The British Columbian government has appointed an Expert Panel on Tax to provide recommendations on business tax competitiveness and improvements to sales tax administration.
	Indiana Reaches Sales Tax Agreement With Amazon 1/10/2012 Mitch Daniels, Governor of the US state of Indiana, has announced that the state has reached an agreement with Indiana’s largest online retailer, Amazon.com, Inc., to begin collecting Indiana sales tax on internet purchases - the fourth state to reach such an agreement with the online retail giant.
	BC Amends Homeowner Grant Scheme 1/4/2012 In an effort to accommodate rising property values, the Canadian province of British Columbia has increased the threshold for the homeowners' grant, a scheme which helps the province's residents with property taxes.
	Irish Property Tax To Raise EUR500m A Year 12/26/2011 The Irish government has confirmed that a property tax will replace its unpopular Household Charge a year earlier than planned, with the Prime Minister Enda Kenny saying he hopes it will raise EUR500m (USD650m) a year.
	'Save Italy' Budget Is Approved 12/27/2011 As expected, the Italian Prime Minister Mario Monti has obtained the approval of both houses of parliament for his ‘Save Italy’ budget, which has suffered few modifications, except for those previously agreed by the government.
	Ireland To Bring Forward Property Tax 12/22/2011 Facing a possible boycott of the new Household Charge, the Irish government looks set to replace it sooner than anticipated with a full property tax, a year earlier than originally planned.
	Guernsey Lawmakers Adopt 2012 Budget 12/20/2011 The States of Guernsey, the island's legislative assembly, has approved the territory's Budget for 2012, endorsing a number of minor tax changes.
	CAI Slams Boycott Of Irish Household Tax 12/20/2011 Ireland's taxpayers should not boycott the new Household Charge, regardless of any legitimate concerns they may have about it, Chartered Accountants Ireland has said.
	Irish Lawmakers To Boycott Household Tax 12/19/2011 Nine rebel members of the Irish parliament have said that they will not pay the controversial household tax when it is introduced in January.
	Taiwan Takes First Step To Property Tax Changes 12/15/2011 Taiwan’s Legislative Yuan has passed amendments to the law governing the registration of real estate sale prices, which might represent the first step in changing the basis of calculation of property taxes.
	Monti Agrees Changes To Italian Budget Measures 12/16/2011 While Prime Minister Mario Monti had previously stressed that there was little room for changes to Italy’s latest budget, the final version of the bill currently going through parliament does include modifications agreed by the government, which are said to make it more 'equitable'.
	Few Changes Expected To Italian Budget 12/8/2011 Prime Minister Mario Monti has stressed that there is very little room, if any at all, for unfunded changes to Italy’s latest budget during its passage through parliament, if the target of bringing the Italian budget back into balance by 2013 is to be attained.
	OECD Praises New Italian Government's Tax Plan 12/7/2011 The Organization for Economic Cooperation and Development has welcomed the austerity measures proposed by the incoming Italian government as ambitious enough to calm markets' concerns on the nation's debt trajectory.
	Singapore Provides Property Tax Rebates 12/5/2011 As the Inland Revenue Authority of Singapore is to raise the annual valuations of all Housing and Development Board flats with effect from January 1, 2012, the government has decided to grant their owner-occupiers a one-off property tax rebate.
	Italy Suffers Another Austerity Budget 12/6/2011 Following the previous austerity budgets of the Berlusconi government earlier this year, which had the target of bringing the Italian budget back into balance by 2013, the new government, headed by Mario Monti, has now announced a further package of measures in an attempt to provide additional reassurance that the target will be reached.
	Rehn Praises Italy's Fiscal Reforms 12/2/2011 A broadly favourable report has been given to the Italian government’s existing deficit-reducing measures by a review team led by Olli Rehn, the member of the European Commission responsible for Economic and Monetary Affairs.
	IMF Praises St. Vincent's Fiscal Plan 11/30/2011 The International Monetary Fund (IMF) has commended the fiscal plan of Saint Vincent and the Grenadines, noting that the government's intentions to introduce new property taxes and enhance tax collection will aid the nation in achieving its long-term goal of a budget surplus of 2% of Gross Domestic Product by 2016.
	Greek PM Seeks Cross-Party Bailout Pledge 11/23/2011 Greek Prime Minister Lucas Papademos has called for all party leaders of the country’s interim national unity government to provide written assurances to the European Union of their commitment to the painful, rigorous terms of Greece’s new EUR130bn (USD176bn) international bailout deal.
	Guernsey 2012 Budget Contains Minor Tax Hikes 11/23/2011 Guernsey's Treasury and Resources Department has published its 2012 Budget Report, proposing tax hikes on alcohol, tobacco, fuel and property.
	Monti Puts Forward Italian Tax Policy Framework 11/22/2011 Mario Monti, the new Italian Prime Minister and Economy Minister, has won confidence votes in both houses of parliament for his government’s future reform programme which, it is hoped, will strike the right tone for the financial markets, but is short of much detail.
	Greek Dissentions Threaten Bailout Deal 11/18/2011 Overcoming a significant first hurdle, the interim crisis government of Lucas Papademos recently won by a large majority a crucial vote of confidence in the Greek parliament, although tensions already apparent within the coalition of national unity could still jeopardize implementation of the vital fiscal reform measures needed to rescue the country from the threat of bankruptcy.
	France To Curb 'Excessive' Rents 11/17/2011 The French National Assembly has recently adopted government plans to create a dissuasive tax on 'abusive' rent in France, within the framework of the country’s 2012 finance bill.
	UK Drops In Tax Competitiveness Index 11/17/2011 While the UK has a competitive tax system it risks being overtaken by other economies easing tax burdens for businesses, according to a new report from PwC.
	German Economist Eyes Increased Taxes On Wealthy 11/11/2011 Gert Wagner, head of the Deutsche Institut für Wirtschaftsforschung, the largest economics research institute in Germany, has called for the fiscal burden to be increased on wealthy heirs and on individuals with large fortunes in Germany.
	Juncker Urges Greece To Commit To Austerity Deal 11/9/2011 Luxembourg’s Prime Minister and head of eurozone finance ministers Jean-Claude Juncker has called for Greece’s new government to pledge its commitment in writing to the bailout deal agreed with eurozone leaders at the end of October, to secure release of the next tranche of international aid by mid-December.
	Greece Plans Referendum On Austerity Measures 11/1/2011 In a shock move, stirring up greater uncertainty and volatility in the markets, Greek Prime Minister George Papandreou announced plans to hold a referendum on the new bailout package for Greece, arguing that he required wider political support for the government’s proposed – and highly unpopular – fiscal and economic reform measures.
	Greece Gets Tough On Tax Evasion 10/18/2011 Greek Finance Minister Evangelos Venizelos has announced plans to publish the names of around 15,000 individuals, alleged to have evaded taxes in Greece.
	Irish Recovery Stronger Than Expected 10/17/2011 The Irish economy faces tough challenges as the country exits from a deep recession and banking crisis, but its long-term prospects now appear better than many of the other hard-hit European countries, according to the OECD’s latest Economic Survey of Ireland.
	Tax Incentives Feature In Malaysia's 2012 Budget 10/11/2011 In what is considered to be the last before he calls for elections, the Malaysian Prime Minister and Minister of Finance, Datuk Seri Najib Tun Abdul Razak, recently introduced a 2012 Budget that was full of tax breaks and incentives.
	Taiwan To Calculate Property Taxes On Market Value 10/6/2011 In a recent speech, Taiwan’s President Ma Ying-jeou confirmed that the government will, over time, change the basis of calculation of property taxes to actual market values.
	Thailand Considers Radical Tax Reforms 9/30/2011 In addition to recently-announced plans to increase national minimum wages and reduce corporate income tax rates, and to provide a tax break for first-time home buyers, Thailand’s Finance Minister, Thirachai Phuvanatnaranubala, has disclosed that the new government is undertaking a review of the whole of the country’s tax code.
	Property Tax Extended In China 9/30/2011 From October 1, in addition to those purchasing properties, existing owners of luxury residential properties in Chongqing will also be required to pay the property tax applicable to their value.
	Greek Lawmakers Pass Unpopular Property Tax 9/29/2011 Overcoming a significant hurdle, the Greek parliament has narrowly adopted by 154 votes to 142 the government’s highly controversial and hugely unpopular new property tax.
	Greece Unveils Further Austerity Initiatives 9/23/2011 The Greek government has unveiled details of a fresh wave of austerity measures, including key fiscal initiatives, aimed at appeasing international moneylenders as the country battles to secure release of a further tranche of aid to avoid imminent default and to endeavour to secure its future within the eurozone.
	UK Lib Dems Talk Tough On Tax 9/21/2011 Senior Liberal Democrats in the UK coalition government have made it clear that theirs is not a party willing to cut the tax burden on the UK's wealthiest, stressing that their priority in government is to secure such treatment for those on low and middle incomes.
	French Local Tax Rises Decelerate 9/19/2011 A recent publication, drafted by the forum responsible for the management of towns and local authorities in France, indicates that although local tax rises in large cities in France are continuing, the pace of the increase has undoubtedly slowed down.
	Austrian Municipalities Oppose Property Tax Plan 9/14/2011 The Austrian Association of Municipalities has fiercely opposed the idea, put forward recently by Austria’s Finance Minister Maria Fekter, of transferring the right to levy property tax in Austria from the government to the federal states.
	Portuguese Austerity Wins IMF Backing 9/14/2011 The International Monetary Fund has welcomed Portuguese authorities' efforts to consolidate the nation's budget in the first review of the country's progress under a three-year financial assistance package.
	Greece Unveils Property Tax 9/13/2011 Determined to appease international moneylenders, and to secure release of an EUR8bn tranche of its EUR110bn bailout agreement, the Greek government recently announced plans to introduce a new property tax in Greece, for immediate application.
	Austria Divided on Wealth Tax 9/7/2011 Hot on the heels of recent remarks made by Austria’s Chancellor Werner Faymann pertaining to the taxation of the country’s wealthiest, Finance Minister Maria Fekter issued a categorical ‘no’ to the idea of introducing a wealth tax in Austria.
	Jamaica To Forge Ahead With Tax Reform 9/2/2011 Jamaica has a good chance of successfully reforming its tax system, the country's Inter-American Development Bank representative has said.
	Singapore Increases Land Development Tax 9/2/2011 Following the usual half-yearly official review, and to reflect higher property values, Singapore’s Ministry of National Development has revised the land development charge rates for the period from September 1, 2011 to February 29, 2012.
	Bank Of Italy Concerned At Increased Tax Burden 9/2/2011 The Bank of Italy’s Deputy General Manager, Ignazio Visco, in his testimony to the Senate on the measures within the latest ‘anti-crisis’ budget, has questioned its deflationary impact on economic growth and the increase to the tax burden in the country.
	Cyprus Parliament Adopts Amended Austerity Package 9/1/2011 Cypriot lawmakers have approved the first of two sets of austerity measures with significant alterations, as part of the government's efforts to agree a credible plan to reduce the country's deficit to avoid an EU-funded bailout and calm bond markets.
	SVG Looks To Maintain Competitiveness 9/1/2011 Following economic contraction in 2010, the government of Saint Vincent and the Grenadines plans to implement reforms to enhance the territory's attractiveness to international investors to combat its deficit, adding to tax reforms announced earlier in the year.
	UK Lib Dems To Debate Land Tax Proposals 8/30/2011 The rift over tax policy in the UK's coalition government looks set to be highlighted at the Liberal Democrat's upcoming party conference, where members will debate proposals to make a new system of land taxation into party policy.
	Irish Economic Reforms Praised By Euro Chief 8/31/2011 Ireland's international creditors are 'very pleased' with the country's economic progress, with the head of the eurogroup glad to see it bucking the trend of continual bad news in the eurozone.
	France Unveils 3% Tax On High Incomes 8/29/2011 French Prime Minister François Fillon has announced plans to introduce an exceptional tax on top earners in France, as part of a package of fiscal measures intended to enable the government to meet its ambitious deficit reduction targets despite sluggish economic growth.
	Cyprus Drafting Second Austerity Package 8/25/2011 The Cypriot government has conceded to requests from the opposition to introduce a second round of austerity measures to calm international bond markets and stave off a downgrade.
	Conservative Minister Dismisses UK Mansion Tax 8/23/2011 The tone of the UK’s ongoing row over income tax rates has changed from one concerned with the country’s competitiveness to one focused on the merits of taxing the ‘middle-class’ fairly.
	Barbados Budget Unveiled 8/23/2011 'Uncertain economic times' have led the Barbadian Finance Minister to introduce a Budget full of new tax measures, as part of a plan to drive down the deficit and stimulate economic growth.
	Italy Debates More Budgetary Options 8/19/2011 With the Italian parliament being called back from holiday to consider the draft decree containing the 'anti-crisis' budget measures which the government has put forward to accelerate the balancing of the country’s budget, other policies are already being touted to replace its more contentious elements.
	Cyprus Plans Property Tax Hike 8/17/2011 Cyprus plans to increase the taxation of immovable property as part of an austerity package which hikes value-added tax, personal income tax and withholding tax on savings interest.
	Jamaican Tax Review Slated For September 8/15/2011 A review of Jamaica's planned tax reforms is to get under way in September, and will scrutinize the government's proposals for creating an efficient, simple and fair tax system.
	Two More Years Of Tax Hikes For Ireland 8/3/2011 While the country is on track to meet and even exceed its bailout commitments for this year, Irish Finance Minister Michael Noonan has outlined the plans he intends to implement over the next two years to cut the deficit and satisfy Ireland's creditors.
	German States Hike Land Transfer Taxes 7/29/2011 During a second reading, North Rhine-Westphalia’s state parliament accepted and adopted a bill providing for an increase in the rate of land transfer tax imposed on purchases in the German state from October 1, 2011. The move follows similar tax increases in several other German states.
	Ireland Introduces New Household Tax 7/29/2011 The Irish government has introduced a levy on the majority of households in order to pay for local services and meet commitments made to its bailout creditors.
	Dutch Banks Outraged Over Tax Plans 7/11/2011 Outraged by the blatant volte-face of the government, the Dutch Banking Association NVB has fiercely criticized plans to introduce a new tax on Dutch banks from next year, warning that such a move would merely serve to reduce scope for credit and mortgage offers, thereby damaging the country’s economy.
	Switzerland To Reform Lump Sum Taxation 7/7/2011 Switzerland’s Federal Council has announced plans to reform the lump sum taxation of wealthy foreigners in the Confederation, in a bid to strengthen fiscal equity as well as to improve acceptance of the system, while at the same time endeavouring to preserve the attractiveness of Switzerland as a location.
	Medvedev Delivers Three-Year Budget Statement 7/6/2011 Russia must modernize its economy as a priority, President Dmitry Medvedev has said, setting out a twelve point programme for the next three years, and hinting at a partial overhaul of the country's tax system and a wave of privatization.
	Monaco Reforms Property Tax Law 7/7/2011 Determined to ensure greater equity in its property tax provisions, to boost the attractiveness of the country as a location, and to encourage property investment, Monaco has passed a new law amending the taxation on the transfer and purchase of real estate.
	Irish Government Consults On Property Tax Relief 6/28/2011 Ireland is to consult on changes to legacy property-based tax reliefs as part of the government's plans for an overhaul of the system.
	France Tightens Fiscal Screw On Second Homes 5/30/2011 The French government’s plans to impose an annual tax on the secondary residences of non-residents and expatriates have been met with both criticism and scepticism.
	Italy Must Simplify Tax System, Says IMF 5/12/2011 Italy is labouring under chronically weak growth performance, with structural reforms, fiscal consolidation and a simplified tax system all potential remedies, according to the latest International Monetary Fund findings.
	Tax Foundation Works Out The US Taxpayers Burden 5/10/2011 The Tax Foundation has issued figures to show that United States taxpayers, as a group, currently work until 11:13 a.m. to pay all taxes, and would have to work until lunchtime to pay off the annual federal fiscal deficit.

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