Stories that are tagged 'tax'

	Hollande Eyes 'Growth Dimension' In Fiscal Compact 5/16/2012 During their first meeting in Berlin, German Chancellor Angela Merkel and French Socialist President-elect François Hollande underscored the importance of Germany and France continuing to work closely together in the interests of Europe, and their responsibility and commitment to collaborating on ideas aimed at stimulating growth in Europe ahead of the European Council meeting in June.
	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.
	Vietnam's SMEs Get VAT Boost 5/16/2012 Vietnam’s Ministry of Finance has announced an extension to value added tax payment deadlines, so as to provide financial assistance, in particular, to small and medium-sized enterprises.
	Gibraltar-Spain Tripartite Forum Abandoned? 5/16/2012 The Gibraltar government has said that the introduction of a new Spanish government of the People's Party has caused the disintegration of the tripartite forum between Spain, Gibraltar and the United Kingdom. The Forum had previously been credited with yielding improvements in relations between Gibraltar and Spain after more than a century of fractious relations.
	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.
	Eurogroup Committed To Fiscal Consolidation 5/16/2012 Following the latest Eurogroup meeting in Brussels, Luxembourg’s Prime Minister and Eurogroup President Jean-Claude Juncker confirmed that the Eurogroup’s consolidation strategy, in accordance with provisions contained in the Stability and Growth Pact, ‘remains appropriate’ and will therefore continue to form the cornerstone of its strategy to correct fiscal and economic imbalances to overcome the crisis and to return to sustainable growth.
	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.
	EP Demands Accurate Information On Tax Evasion 5/16/2012 The European Parliament has recently passed a resolution calling for accurate information on customs duty and value-added tax evasion in member states, to protect the European Union’s financial interests and to prevent misuse of its funds.
	Lamy Sings Praises Of IT Agreement 5/16/2012 At the opening of a symposium to mark the 15th Anniversary of the Information Technology Agreement, which substantially liberalized taxes on the global trade of computer products, World Trade Organization Director-General Pascal Lamy emphasized that the success of the agreement could easily be transferred to other growth, and innovation-promoting industries.
	China, Switzerland Make Progress In FTA Talks 5/16/2012 The latest round of negotiations on the proposed free trade agreement between China and Switzerland, which was held in Beijing on May 8-10, is said to have reached some consensus and made significant progress.
	BC Unveils New Sales Tax Law 5/16/2012 Kevin Falcon, the Finance Minister of the Canadian province of British Columbia, has introduced legislation to meet government's commitment to return to the Provincial Sales Tax on April 1, 2013.
	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.
	English Foreshadows 'Disciplined' NZ Budget 5/15/2012 The 2012 New Zealand government Budget later this month will confirm the path back to surplus in 2014/15, despite lower than forecast tax revenue in the government financial statements in the nine months to March 31, Finance Minister Bill English has said.
	EU's First EPA With African Countries Goes Into Effect 5/16/2012 The interim Economic Partnership Agreement between the European Union and four Eastern and Southern African states, Mauritius, Madagascar, the Seychelles and Zimbabwe, went into effect on May 14, 2012.
	Australia To Clarify GAAR 5/16/2012 Australian Assistant Treasurer David Bradbury has announced the formation of an expert roundtable to assist with the implementation of the government's clarifications of the definition of 'tax benefit' under Australia's general anti-avoidance rule.
	Mexico, Qatar Sign DTA 5/15/2012 On May 14, 2012 in Mexico City, Mexico’s Deputy Secretary of the Treasury and Public Credit, José Antonio González Anaya, and Qatar's Director of Public Revenues and Taxes, Moftah Jassim Al Moftah, signed a double taxation agreement between their two countries.
	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 Abolishes Corporate Capital Duty 5/15/2012 The Registrar of Companies, Ada L L Chung, has announced that the capital duty currently levied on Hong Kong companies will be abolished from June 1, 2012.
	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.
	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.
	BVI To Enhance Companies Legislation 5/16/2012 The British Virgin Islands government has completed the first phase of implementing amendments to the Business Companies Act, set to enter into force later this year.
	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.
	China Plugs Its Tax Help For SMEs 5/14/2012 China’s Minister of Finance Xie Xuren, at a seminar, has emphasized the support that should be given by pro-active fiscal policies to the development of small and medium-sized enterprises in the country.
	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.
	Democrats Introduce In-Sourcing Bill Into US Congress 5/15/2012 Democrats in the Senate and House of Representatives have introduced into the United States Congress the main tax measure out of President Barack Obama’s recently-announced “To Do List”, to provide a tax credit for companies over the cost of moving operations back to the country.
	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.
	Ireland Mulls New Tax Regime For Oil And Gas 5/14/2012 The Joint Committee on Communications, Natural Resources and Agriculture of the Irish parliament has recommended a new fiscal licensing regime and greater public consultation on offshore oil and gas exploration in a new report.
	Canada Highlights Improved Online Tax Services 5/14/2012 Gail Shea, Canada's Minister of National Revenue, has highlighted the Harper government’s efforts to reduce the tax administrative and compliance burden for businesses in Canada through the provision of online tax filing facilities.
	De Gucht Sees EU-US Trade Treaty In 2014 5/15/2012 In a speech on the future of transatlantic trade, to the recent AmCham Germany Annual Membership Meeting in Hamburg, the European Commissioner for Trade Karel De Gucht foresaw the possibility of a comprehensive free trade agreement between the United States and the European Union in 2014.
	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.
	Guernsey Announces Aircraft Registry Plans 5/15/2012 The Guernsey government has announced that it has agreed with a private sector partner to launch an aircraft registry from the island.
	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.
	SA Will Not Impose Australian-Style Mining Tax 5/14/2012 At a press briefing, Mineral Resources Minister Susan Shabangu has confirmed that South Africa will not follow Australia in implementing a ‘mining super tax’.
	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.
	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.
	Austria's 'Historic' Stability Pact Signed 5/14/2012 The Austrian finance ministry has announced the recent signing in Vienna of the agreement on the Austrian Stability Pact 2012 between the Austrian federal government, states and municipal authorities.
	Russian Beer Tax Hikes Slash Industry Profitability 5/11/2012 Beer manufacturer Carlsberg has reported that its pre-tax profits for its Russian business has all but evaporated during the first few months of this year, on the back of steep alcohol tax hikes introduced at the start of 2012.
	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.
	China, Colombia Initiate Free Trade Talks 5/11/2012 Colombian President Juan Manuel Santos has welcomed the conclusion of a total of nine cooperation agreements with China during a recent official visit to Beijing, where it was agreed that the two countries would commence discussions on the feasibility of a bilateral free trade agreement.
	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.
	Restrictions On Italian Private Tax Collectors Declared Illegal 5/11/2012 The Court of Justice of the European Union has decided the Italian provision that private operators should have a share capital of at least EUR10m in order to be entitled to collect local taxes is contrary to European law on freedom of establishment and freedom to provide services.
	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.
	IRS Whistleblower Programme Still Needs Improvement 5/14/2012 The whistleblower programme operated by the United States Internal Revenue Service has still not fully and adequately addressed internal problems that were identified several years ago, according to a report issued by the Treasury Inspector General for Tax Administration.
	Putin Backs Ratification Of WTO Commitments This Year 5/14/2012 Russia's new President, Vladimir Putin has dismissed calls to delay the nation's accession to the World Trade Organisation.
	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.
	Spain Told To Recover Film Industry State Aid 5/14/2012 The European Commission has concluded following an investigation that the subsidization of Ciudad de la Luz film studio complex by the Valencia Regional Government in Spain contravened European law, as a grant worth EUR265m (USD343m) was not provided on market conditions.
	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.
	Turks And Caicos Takes Strides Towards Self-Rule 5/10/2012 The provisional Governor of the Turks and Caicos Islands, Ric Todd, has released a report detailing progress made towards fundamental reforms to the island's frameworks to prevent corruption, and correct fiscal imbalances, deemed necessary before the islands are returned to self-rule by the UK government.
	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.
	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.
	Malaysia, India Sign Revised DTA 5/10/2012 On May 9, 2012, in Kuala Lumpur, Vijay Gokhale, the High Commissioner of India to Malaysia, and Wan Abdul Aziz Wan Abdullah, Secretary General of Treasury in the Malaysian Ministry of Finance signed a revised double taxation agreement between their two countries.
	USTR Urges Extension Of AGOA's Textile Provision 5/11/2012 The United States Trade Representative has confirmed that the Administration is committed to boosting trade with African nations through the African Growth and Opportunity Act and, in that respect, renewal of its Third-Country Fabric provision is seen as crucial.
	Spain 'Confident' 2012 Budget Plans Will Spark Growth 5/10/2012 Spain’s Secretary of State responsible for Budget and Expenditure Marta Fernandez Curraz has recently defended the country’s budgets for 2012, insisting that they are based on discipline and fiscal consolidation, to enable the government to confidently overcome the crisis.
	Luxembourg May Extend Budget Measures 5/10/2012 During a recent address on the state of the nation, Luxembourg’s Prime Minister Jean-Claude Juncker presented the government’s declaration on the current economic, social, and financial situation in Luxembourg, indicating crucially that the fiscal initiatives taken on April 27 to consolidate the public finances will have to be extended beyond 2014.
	Parliamentary Committee Approves Philippines 'Sin Tax' Reform 5/11/2012 The Ways and Means Committee of the Philippines House of Representatives has approved an amended version of the bill to reform the existing ‘sin taxes’ on alcohol and cigarette products.
	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.
	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.
	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.
	Luxembourg Unveils Unsatisfactory Q1 Tax Revenues 5/9/2012 Luxembourg’s Finance Minister Luc Frieden has recently unveiled details of the country’s public finances at central administration level for the first quarter of 2012, and has defended the additional budgetary consolidation decisions taken by the government at the end of April.
	Ireland Publishes ESM Bill 5/9/2012 Ireland's Minister for Finance Michael Noonan has published the European Stability Mechanism Bill 2012 as part of the government's commitment to ensure that the Irish people are fully informed in casting their votes on the Stability Treaty.
	Australian Budget Scraps Planned Business Tax Cuts 5/10/2012 A planned cut to business tax rates will not go ahead in Australia, as the government seeks to redirect projected mining tax revenue to help families and small businesses in the face of ongoing disputes with opposition parties.
	Obama Presents Tax 'To Do List' To Congress 5/10/2012 President Barack Obama has used remarks at the State University of New York in Albany to present a ‘To Do List’ of tax measures that, in his opinion, the United States Congress should pass to increase employment and economic growth.
	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.
	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.
	Juncker Insists Fiscal Compact Not Up For Renegotiation 5/9/2012 Luxembourg’s Prime Minister and Eurogroup President Jean-Claude Juncker has firmly ruled out the idea of completely renegotiating the fiscal compact, agreed by twenty-five of the twenty-seven European Union member states back in March, and aimed at strengthening budgetary discipline, following the election of François Hollande as the new French President.
	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.
	S Korea, China, Agree To Trilateral FTA Talks With Japan 5/8/2012 With South Korea and China due to begin their negotiations on a bilateral free trade agreement, a trilateral agreement to include Japan will also be under discussion at a prior meeting of the three countries’ trade ministers.
	Vale Suffers Setback In Brazilian Tax Fight 5/9/2012 The world's second largest mining company Vale SA, has announced that Brazil's highest judicial authority, the Superior Court of Justice, has stripped the company of an injunction it previously received which 'suspended the effects of the unfavourable rulings related to the taxation of its foreign subsidiaries' earnings'.
	Morocco Suspends Import Duty On Cereals 5/8/2012 During a recent sitting in Rabat, presided over by Moroccan head of government Abdelilah Benkirane, Morocco’s governing council examined and adopted two bills exempting durum, soft wheat and barley from import duty.
	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.
	EU, US Agree Common List Of 'Trusted Traders' 5/9/2012 The United States and the European Union have agreed to recognize one another's list of 'certified trusted traders', exposing these companies to faster, and less burdensome customs clearance procedures, to cut costs and introduce a more stable environment for cross-Atlantic trade.
	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.
	India To Defer GAAR Implementation 5/9/2012 India’s Finance Ministry is to push back the implementation of its controversial general anti-avoidance rule for a year and will amend some of its key provisions.
	NZ Improves Taxpayer Information Sharing 5/8/2012 New Zealand’s Inland Revenue and the Ministry of Social Development are set to expand their information sharing practices to include the automatic sharing of relevant taxpayer information.
	US Lawmakers Question GSA 'Kickback' Policy 5/9/2012 The House of Representatives Ways and Means Subcommittee on Oversight Chairman, Charles Boustany, has sent a letter to 15 departments and two agencies across the United States government seeking information about the potential ‘abuse’ of the energy efficient commercial buildings deduction.
	Indonesia Imposes Export Tax, Restrictions On Mineral Ore Exports 5/7/2012 The Indonesian government is to place a tax on the export of certain raw minerals, as well as banning their export by mining companies that have not agreed plans for local processing in the country.
	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.
	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.
	Australian Businesses To Benefit From Loss Carry Back Scheme 5/7/2012 Australia’s government is to introduce a new business tax relief with a ‘loss carry-back' initiative, designed to give businesses greater access to their legitimate tax deductions when making losses.
	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.
	Liechtenstein Eyes Tax On Swiss Cross-Border Workers 5/7/2012 During a recent sitting, the Liechtenstein government adopted a report pertaining to a second package of expenditure- and revenue-based measures, designed to consolidate the state finances in line with the country’s 2012-2015 financial plan.
	South African Government Sets Up Gauteng E-Tolls Committee 5/7/2012 Following the recent decision in the South African High Court against the levying of e-tolls, originally planned for the end of last month, on the Gauteng Freeway Improvement Project, the government has appointed a review committee to look at all aspects of financing the project.
	HMRC Issues Electrician Amnesty Reminder 5/7/2012 HM Revenue and Customs has issued a reminder warning electricians that they have only a limited time left to register for a tax amnesty scheme that would allow them to pay any undisclosed tax owed.
	WTO Admits Two New Member States 5/8/2012 The World Trade Organisation is to approve Samoa's accession to membership of the global trade body on May 10, 2012, following Montenegro's accession on April 29, 2012.
	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).
	China Introduces CorporateTax Breaks For IT 5/7/2012 To encourage innovation in information technology and industrial technical upgrading, China’s State Administration of Taxation has announced preferential corporate income taxes for producers of software and integrated circuits.
	WTO Members Ready To Revisit Doha Agenda 5/8/2012 World Trade Organisation member states have informally agreed to return to the negotiating table to progress the Doha Agenda at a pace that recognises the present crisis-time challenges for nations globally.
	Tax Guidance Issued For Foreign Ships Visiting Australia 5/4/2012 The Australian Taxation Office has recently issued guidance on the tax requirements that must be met by foreign-based ship owners and charterers carrying passengers, livestock, mail or goods shipped in Australia.
	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.
	Armenian, Latvian Tax Agencies Sign Cooperation Pact 5/4/2012 The tax authorities of Latvia and Armenia have agreed to cooperate more deeply on fiscal compliance issues, during a four-day meeting which culminated in the signing of a memorandum of understanding.
	Nissan Infiniti Locates Global HQ In Hong Kong 5/4/2012 Invest Hong Kong has used its recent assistance to Infiniti, Nissan Motor’s luxury car brand, while basing its global headquarters in the city, to highlight Hong Kong's favoured position as a preferred location for overseas multinationals.
	Russia Hikes Gas Tax, Rethinks Luxury Tax 5/4/2012 The Russian government has confirmed proposals to hike the tax paid by natural gas extractors, hitting both the majority state-owned Gazprom as well as private ventures.
	NZ Parliament Passes International Tax Amendments 5/4/2012 The Taxation (International Investment and Remedial Matters) Bill, introduced in October 2010 to reform taxation on the gains of New Zealand residents from their investments in overseas entities, has passed its final stages in Parliament.
	IoM Welcomes CBI Endorsement 5/4/2012 The Isle of Man's Treasury Minister, Eddie Teare has welcomed further recognition of the role being played by competitive tax jurisdictions in supporting economic growth, in particular in the United Kingdom.
	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.
	New Zealand, Canada Sign DTA 5/3/2012 On May 3, New Zealand’s Revenue Minister, Peter Dunne, and the Canadian Minister of International Trade, Ed Fast, signed an updated double tax agreement to replace their countries’ 1980 bilateral treaty.
	Irish Tax Debt Falls, Shadow Economy Targeted 5/4/2012 The latest annual report of the Irish tax authority, the Revenue Commissioners, shows 'solid performance in challenging circumstances', with enforcement efforts yielding an increase in tax receipts and a reduction in outstanding tax debt.

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