International News
Danish Presidency's Fiscal Priorities Don't Include FTT
Friday, 27 January 2012Denmark's Economic and Interior Affairs Minister Margrethe Vestager recently explained to the European Economic and Monetary Affairs Committee that the key priorities for the Danish Presidency of the European Union Council of Ministers are increasing surveillance of budgetary policies, and the economic and fiscal surveillance of eurozone member states facing serious financial instability.
Read full storyRomney Discloses Tax Returns
Friday, 27 January 2012Mitt Romney, one of the two leading Republican contenders for the United States Presidency, has, following some pressure to do so, divulged his tax returns for the past two years that, as expected, show the low effective tax rates he pays.
Read full storyHMRC 'Extends' Tax Deadline
Wednesday, 01 February 2012The UK tax authority HM Revenue and Customs will show leniency to taxpayers who file their self-assessment returns after the January 31 deadline, after fears that taxpayers would be unable to get through to call centres on the day, thus placing them at a disadvantage.
Read full storySchäuble Demands Reform Action To Secure Greek Bailout Deal
Wednesday, 01 February 2012Ahead of a key European Union summit meeting in Brussels focussing on stricter budgetary discipline, German Finance Minister Wolfgang Schäuble urged Greece to implement vital reform measures to redress the state finances, warning that failure to do so might result in the second euro zone bailout package being withheld, and ultimately in bankruptcy.
Read full storySarkozy Readies Fiscal Strategy
Friday, 27 January 2012Hoping to avoid an electoral defeat in the forthcoming presidential elections, French President Nicolas Sarkozy intends to unveil concrete details of proposed fiscal measures designed to stimulate the country's economy on January 29.
Read full storyManx Contribution To UK Economy Highlighted
Wednesday, 01 February 2012The role played by the Isle of Man in supporting the creation of jobs and growth in the United Kingdom economy has been praised by the Lord Mayor of the City of London, David Wootton, during his first visit to the island.
Read full storyUK Gives Commonwealth Games Athletes Tax Boost
Monday, 30 January 2012Athletes resident outside of the UK who compete at the 2014 Commonwealth Games will be exempt from income tax, the government has announced.
Read full storyEU Modifies Derivatives Proposals
Friday, 27 January 2012In an effort to achieve a rapid agreement with the European Parliament, the European Council has adjusted its position on a draft regulation aimed at increasing transparency on all derivatives and reducing risk in the over-the-counter derivatives market.
Read full storyEC Asks Ireland To Modify Motor Tax
Tuesday, 31 January 2012The European Commission has requested that the Irish government modify its taxation of motor vehicles less than three months old.
Read full storyWTO Establishes Three Trade Dispute Panels
Thursday, 02 February 2012The World Trade Organization has confirmed the creation of two panels to mediate on cases relating to Chinese anti-dumping and countervailing duties, and a third to examine Canadian support to local manufacturers of clean-tech products in cases brought by the European Union and Japan.
Read full storyAustria Reports Higher Revenues In 2011
Thursday, 02 February 2012The Austrian finance ministry has recently announced that the state deficit for 2011 was significantly lower than originally forecast, noting that the government received around EUR910m (USD1.2bn) more in fiscal revenues than initially anticipated and that spending was approximately EUR2.3bn less.
Read full storyIndia Signs Multilateral Tax Cooperation Convention
Monday, 30 January 2012India is the latest signatory to join the multilateral Convention on Mutual Administrative Assistance in Tax Matters, an agreement drafted to promote international tax cooperation.
Read full storyPakistan Eases CGT On Shares
Tuesday, 31 January 2012Pakistan's Federal Finance Minister Dr Abdul Hafeez Shaikh has announced that the government is to ease the rules on capital gains tax in the hope of boosting investment and reviving trading volumes in the local stock market.
Read full storyTaxes Killing The British Pub
Tuesday, 31 January 2012Falling UK pub beer sales demonstrate the pressing need for a change in government beer tax policy, according to the British Beer and Pub Association.
Read full storyGibraltar Defends Its Interests In London
Tuesday, 31 January 2012Gibraltar's Chief Minister Fabian Picardo has met with the UK Minister for Tourism and Heritage, John Penrose, to question the rationale behind the UK government's plans to introduce a licensing regime for remote gaming operators, contained in the Remote Gaming Bill which may soon be tabled before the UK's parliament.
Read full storyRussia Rattles Sabre Over US Trade Law
Tuesday, 31 January 2012Just one month after receiving approval to accede to the World Trade Organization, Russia's Foreign Minister Sergei Lavrov has threatened that the nation would back out of accession package commitments made to the United States unless Washington rescinds a trade law dating back to the Cold War era.
Read full storyHong Kong To Implement AML Guidelines
Wednesday, 01 February 2012Following the release of a set of consultation conclusions, Hong Kong's Securities and Futures Commission has announced the gazetting of a new set of guidelines on anti-money laundering and counter-terrorist financing, which will take effect on April 1, 2012.
Read full storySt Kitts And Nevis Budget Consolidation On Track
Monday, 30 January 2012Saint Kitts and Nevis has made marked process on debt reduction under a program supported by the International Monetary Fund.
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