Liechtenstein,
OECD Discuss Global Cooperation
In Tax Matters,
by
Ulrika Lomas, Tax-News.com,
Brussels
26/10/2009
During
a recent meeting in Paris,
Liechtenstein’s
Prime Minister Klaus Tschütscher
and OECD Secretary-General
Angel Gurría discussed
the current status of
the worldwide implementation
of the OECD standard in
tax matters.
UK
Announces Anti-Avoidance
Measures,
by
Robin Pilgrim, LawAndTax-News.com,
London
26/10/2009
UK
Treasury minister Stephen
Timms has announced
that changes will be
made to legislation
with immediate effect
to tackle several tax
avoidance schemes notified
to HM Revenue and Customs
involving sideways loss
relief and Double Tax
Relief rules.
Corporate
America Urges Action
On Research Tax Credit,
by
Mike Godfrey, Tax-News.com,
Washington
26/10/2009
Hundreds
of companies and business
organizations from across
the United States are
urging Congress to approve
legislation to strengthen
and make permanent the
research and development
tax credit before it
expires on December
31, 2009.
|
Isle
Of Man Will Not Rush Into
Tax Decisions,
by Jason Gorringe, Tax-News.com,
London
27/10/2009
Responding
to reports surrounding
the future of the corporation
tax of the Crown Dependencies,
the Isle of Man’s
Treasury Minister, Allan
Bell, has given an assurance
that any changes to the
island’s business
tax system will be subject
to full consultation and
the usual legislative
process.
France's
Marini: Reducing Public
Deficit Impossible Without
Tax Rises,
by
Ulrika Lomas, Tax-News.com,
Brussels
27/10/2009
While
the French government
continues to reject
the idea of any rise
in taxation, the general
rapporteur of the Senate
Finance Committee, Philippe
Marini, has revealed
that this will be very
difficult, if not impossible,
to uphold, if the country’s
public deficit is to
return to its pre-crisis
level.
German
Coalition Unveils Joint
Tax Policy,
by
Ulrika Lomas, Tax-News.com,
Brussels
27/10/2009
Following
weeks of intense negotiations
and speculation, Germany’s
newly elected parties,
the Christian Democratic
Union and the Free Democratic
Party, have finally
unveiled details of
their coalition agreement,
containing a raft of
initiatives designed
to reduce the tax burden
on both individuals
and businesses by billions
of euros.
|
Malaysia's
2010 Budget Cuts Income
Tax And Deficit,
by Mary Swire, Tax News.com,
Hong Kong
28/10/2009
Malaysia’s
2010 budget, introduced
by the Prime Minister,
Najib Razak, has proposed
tax measures and incentives
to produce an expected
net reduction in the government’s
fiscal deficit to 5.6%
of GDP in 2010, compared
with 7.4% in 2009.
Berlusconi
Promises Cuts To Italian
Regional Corporate Tax,
by
Ulrika Lomas, Tax-News.com,
Brussels
28/10/2009
In
an unexpected message
to the National Assembly
of the Confederation
of Artisans and Small
and Medium-Sized Companies,
Italy’s Premier,
Silvio Berlusconi, has
announced that the government
is planning company
tax reductions and investment
incentives.
UK
Report Argues For Radical
Green Tax Shifts,
by Robert Lee, Tax-News.com,
London
28/10/2009
The
UK's Green Fiscal Commission
has published a report
which argues that a
'polluter pays' tax
shift would provide
a 'significant boost'
for the long-term health
of the UK economy without
increasing the overall
tax burden.
|
Only
a third of private business
owners in the UK believe that
the country's tax regime supports
and encourages enterprise,
despite the wide range of
available tax reliefs available,
a new survey has found.
Senior
Congressional Democrats have
unveiled legislative proposals
that would give the Internal
Revenue Service new tools
to 'detect, deter and discourage'
the use of foreign bank accounts
for the purposes of avoiding
US taxes.
With
this year's pre-budget report
to be the last before the
general election, which must
be called by mid-2010, it
has been suggested that Chancellor
Alistair Darling is likely
to defer any tough decisions
on tax, partly in an attempt
to goad the opposition Conservatives
into either condemning or
supporting higher taxes on
the wealthy as Britain faces
a fiscal crisis of historic
proportion