 |
|
|
 |
|
| |
|
| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| Offshore Trusts
Guide: OTG publishes news, features and newsletters on the use of
offshore trust structures. |
| TreatyPro: Online
tax treaty resource. |
|
|
| 2009 Will Bring Prosperity To Gibraltar, Says Chief Minister |
by Jason Gorringe, Tax-News.com, London
Tuesday, January 13, 2009
In his New Year Address, Gibraltar’s Chief Minister Peter Caruana welcomed 2009 as a year for change in Gibraltar, and he voiced excitement at the prospect that the jurisdiction can finally implement long-awaited corporate tax reforms following the conclusion of the European Union State Aid Case.
Reflecting on the outcome of the State Aid case, which allowed Gibraltar fiscal
autonomy over the UK, Caruana said, “2008 has seen Gibraltar, once again
successfully come through some important threats and challenges. The biggest
of these by far has been the European Union’s challenge to our right and
ability as a country to have our own tax system separate from, and different
to the United Kingdom’s tax system. This has been at the very core of
our ability as a people, during the last 50 years, to create a successful economy
that in turn has enabled us to prosper socially and, most importantly, politically
in the face of external challenges to our political rights, wishes and aspirations
as a people. Failure to win would have very severely undermined and disrupted
all of these things. This threat, and the success in winning over it, therefore
ranks up there with the recent threat to our sovereignty and political rights
as a people.”
”So, we can now look forward with confidence to a continuing bright and
prosperous future. The government’s success in winning the case in the
European Court enables us to continue to prosper, to enjoy the high standard
of living and of public services and amenities that we enjoy, and most importantly,
to bequeath our children, grandchildren and future generations a successful
and prosperous Gibraltar in which they too will be able to flourish. In short,
we are able to remain masters of our own destiny and architects and builders
of our own economic, social and political prospects.”
“The turmoil in the world financial system will inevitably and necessarily
bring big changes in its wake. The global banking and financial services industry
will never be the same again. Here too, our work and policy during the last 12
years to reposition our finance centre away from simple and volatile tax haven
business into a finance centre of excellence, high reputation, high standards
of regulation and the mainstream of European and international financial services
will now pay Gibraltar even higher dividend than it already has. Our finance
centre, which is at the very core of Gibraltar’s economic success, is
accordingly, very well placed to benefit from the changes that will come to
the global finance industry, to continue to develop, grow and prosper and to
provide quality jobs for us and our children, now and in the future.”
.
|
|
|
|
| THE LOWTAX LIBRARY
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
|
|
 |
|
LAWANDTAX-NEWS.COM
