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European Council Adopts Measures Against Tax Evasion
03/07/2009 |
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The European Council has adopted a directive intended to strengthen measures against the evasion of value-added tax on imports.
FULL
STORY |
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France's Lagarde Rules Out Abolition Of Tax Shield
03/07/2009
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French Minister for the Economy Christine Lagarde has firmly ruled out a proposal
to abolish France’s highly controversial tax shield or “bouclier
fiscal” in order to reduce public debt.
FULL
STORY
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Liechtenstein Parliament Ratifies TIEA With US
03/07/2009 |
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Approved unanimously by Liechtenstein’s Parliament, the country’s
Tax Information Exchange Agreement with the US, signed in December 2008,
is due to enter into force on January 1, 2010.
FULL
STORY |
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Kirk And Uribe Discuss US Colombia FTA
03/07/2009 |
US Trade Representative Ron Kirk and Colombian President Alvaro Uribe (pictured) met in Washington on June 29 to discuss the US-Colombia FTA, which remains unratified by the US more than two-and-a-half years after it was signed.
FULL
STORY
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Italian Economics Minister Explains The Latest Tax Incentives
03/07/2009 |
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The government’s latest anti-crisis package, announced last week, is
part economic stimulus, part cost reductions and part increased collection from
the underground economy, so explained Giulio Tremonti, Italy’s Minister
of Economics and Finance, during the course of a press conference.
FULL
STORY |
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Hungary Passes Last-Minute Tax Bill To Obtain IMF Loan
03/07/2009 |
The Hungarian Parliament has approved a tax bill for 2010, part of the government’s
efforts to boost the country’s competitiveness and balance its books.
As a result, the International Monetary Fund (IMF) has given Hungary the green
light to draw down the next tranche of the USD15.7bn loan granted last October.
FULL
STORY
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Italian Revenue Agency Continues Campaign Against Underground Economy
03/07/2009 |
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The Director of the Italian Revenue Agency praised the successes of the additional
effort made by the Agency to increase tax collections from the hitherto “underground
economy”, in his evidence to the Senate’s Finance And Treasury
Commission.
FULL
STORY |
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Obama Administration Completes Annual GSP Review
03/07/2009 |
US Trade Representative Ron Kirk (pictured) has announced that the Generalized System of Preferences program facilitated USD31.7bn in imports of nearly 5,000 types of products from 131 developing countries in 2008.
FULL
STORY
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WIPO Examines Trademark And Design Law And Practice
03/07/2009 |
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The World Intellectual Property Organization has announced that its Standing Committee on Trademarks, Industrial Designs and Geographical Indications, meeting from June 22 to 26, 2009, examined areas of possible convergence in industrial design law and practice, as well as questions relating to grounds for refusal of all types of marks and technical and procedural aspects of the registration of certification and collective marks.
FULL
STORY |
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New Jersey Tries To Legalize Online Sportsbetting
03/07/2009 |
New Jersey governor Jon Corzine is expected to join with New Jersey State Senator Ray Lesniak in a lawsuit claiming that the 1992 federal sports betting ban is unconstitutional and violates states' rights.
FULL
STORY
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FASB Issues Exposure Draft On Allowance For Credit Losses On Financing Receivables
03/07/2009 |
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The Financial Accounting Standards Board has issued an Exposure Draft of a proposed Statement of Financial Accounting Standards - Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses.
FULL
STORY |
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EC Questions 9 Member States' Auditing And Accounting Compliance
03/07/2009 |
The European Commission has decided to refer Austria, Ireland, Italy and Spain
to the European Court of Justice over non-implementation into national law of
the Statutory Audit Directive. The Commission has also decided to send formal
requests to Belgium, Ireland, Greece, Luxembourg, Poland and Portugal as they
have failed to fully implement into their national laws the latest Directive in
the field of accounting within the prescribed deadline.
FULL
STORY
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Netherlands, Cayman Islands Agree To TIEA Text
03/07/2009 |
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Technical negotiating teams from the Cayman Islands and the Netherlands have
finalised the terms of an agreement and protocol for the exchange of information
with respect to tax matters.
FULL
STORY |
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Jersey Responds To IOM Automatic Exchange Announcement
03/07/2009 |
Jersey's Deputy Chief Minister Philip Ozouf has confirmed the island's continued support
for the automatic exchange of information, following the Isle of Man 's announcement
this week that it would move to automatic exchange from July 1, 2011.
FULL
STORY
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BIS Urges Governments To Revitalise Banks
03/07/2009 |
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According to the 79th Annual Report of the Bank for International Settlements, the first signs of recovery in the various countries of Europe and in the USA should not stop the governments of those countries from pursuing the work necessary for a restoration of health to their banking systems. In the view of the BIS, a revitalisation of the banks would be a necessary condition for the countering of threats to sustainable global economic recovery and to the re-balancing of public sector budgetary deficits, which have been built up by aggressive fiscal expansion in many countries.
FULL
STORY |
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BDO Establishes Office At DIFC
03/07/2009 |
BDO International, the fifth largest global accountancy network, on June 23
announced the opening of a new corporate finance office in the Dubai International
Financial Centre (DIFC).
FULL
STORY
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Insurance Intermediaries Saved Millions By UK High Court
02/07/2009 |
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A judgment by the High Court in London has overturned on appeal a 2008 Tax Tribunal ruling that organisers and administrators of insurance contracts were liable to charge UK insurance premium tax.
FULL
STORY |
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Germany's Merkel Reprimands Tax Rebels
02/07/2009 |
Determined to present a united front this week, as her party, the Christian Democratic
Union, finally unveils its election programme, German Chancellor Angela Merkel
successfully managed to silence remaining tax rebels ahead of the ratification
meeting.
FULL
STORY
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Austrian Finance Minister Rules Out New Taxes
02/07/2009 |
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Despite a rising budget deficit, and spiralling state debt, Austria’s
Finance Minister Josef Pröll has, nevertheless, firmly ruled out the idea
of introducing new taxes.
FULL
STORY |
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'Dr No' Triumphs Over James Bond Rightsholders In European Court
02/07/2009 |
In a re-writing of the traditional script, the dastardly Dr No has got the upper hand over James Bond after the European Court of First Instance ruled that the owner of the rights to the Bond films could not prevent the registration of the Community trademark ‘Dr No’ by another company.
FULL
STORY
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