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New On The Network Today
This feed is published daily with selected new or updated
content from across our network. For a list of network sites, many of
which feature daily news, see below. |
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| 02/09 New
Lowtax Editor Column, by Kitty Miv |
| 01/09 International
Privacy and Security, Investors Offshore special feature |
| 31/08
Lowtax Belize, annual update |
| 27/08
IRS To Drop UBS Lawsuit, Tax-News.com |
| 26/08 New
Lowtax Editor Column, by Kitty Miv |
| 25/08 New
PBTG Editor Column, Caroline, PBTG editor |
| 24/08
Uruguay Stays On OECD Grey List, Tax-News.com |
| 23/08 Don't
Forget Doha, And I Don't Mean The Tennis, Jeremy Hetherington-Gore
blog entry |
| 20/08
Ireland Plans Social Security Overhaul, Tax-News.com |
| 19/08 New
Lowtax Editor Column, by Kitty Miv |
| 18/08 New
PBTG Editor Column, Caroline, PBTG editor |
| 17/06
Lowtax Cayman Islands, annual update |
| 16/08
Germany's Fiscal Court Seeks Property Tax Reform, Tax-News.com |
| 13/08 Jurisdiction
Special Focus: Antigua and Barbuda, Investors Offshore special feature |
| 12/08 New
Lowtax Editor Column, by Kitty Miv |
| 11/08 New
PBTG Editor Column, Caroline, PBTG editor |
| 10/08 Brazil
Cuts Import Tariffs, Tax-News.com |
| 09/08 Ukraine
Tax Code Published, Tax-News.com |
| 06/08
France Plans Reform Of Property Tax Credit, Tax-News.com |
| 04/08 New
PBTG Editor Column, Caroline, PBTG editor |
| 02/08 Islamic
Finance - The New Mainstream Alternative, Investors Offshore special
feature |
| 28/07 New
PBTG Editor Column, Caroline, PBTG editor |
| 27/07 UK
Launches Raft Of Tax Consultations, Tax-News.com |
| 26/07 Fat
Tax On The Menu , Jeremy Hetherington-Gore blog entry |
| 23/07 Sarkozy
Seeks 'Fiscal Convergence' With Germany, Tax-News.com |
| 20/07 Singapore
Base For Tuvalu OIFC, Tax-News.com |
| 15/07 St
Vincent & The Grenadines, Investors Offshore special feature |
13/07 Tax-
News.com Jersey Review 2010-2011 |
| 12/07 Goodbye
To All That, Jeremy Hetherington-Gore blog entry |
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06/07 Hong
Kong Full PBTG Guide, added to Personal Business Tax Guide |
| 28/06
Lowtax Dubai, annual update |
| 18/06 Singapore
- Another Hong Kong?, Investors Offshore special feature |
| 15/06 Swiss
Parliament Approves UBS Agreement, Tax-News.com |
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08/06 Dubai
Full PBTG Guide, added to Personal Business Tax Guide |
| 04/06
Lowtax Panama, annual update |
| 01/06
Lowtax Luxembourg, annual update |
| 03/03
Personal Business
Tax Guide, PBTG, has launched! |
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| Providing essential tax news and information for globally
mobile artists, contractors, entrepreneurs, professionals, small businesses,
sportspersons and entertainers. |
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| 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. |
| NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
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| EU Sues Portugal For Biased Tax Policy |
by Ulrika Lomas, for LawAndTax-News.com, Brussels
Monday, September 22, 2008
The European Commission has referred Portugal to the European Court of Justice (ECJ) for its discriminatory tax rules against non-Portuguese service providers.
The Commission has pointed out that currently, non-resident entities providing
services in Portugal are subject to a withholding tax based on the gross amount
of their income, whereas domestic providers are taxed only on their net profits.
The Commission considers that these rules are incompatible with the EC Treaty,
which guarantees the free provision of services.
According to Portuguese rules non-resident services providers are subject to
a final Portuguese withholding tax on the gross amount of their income, whereas
domestic providers would be taxed only on their net profits, i.e. after deduction
of related costs.
In the view of the Commission this legislation is likely to dissuade foreign
services providers from providing services in Portugal, and might dissuade Portuguese
clients from buying services from foreign providers, and therefore constitutes
an infringement of Article 49 of the EC Treaty (freedom to provide services).
Portugal notes that taxation on the basis of gross income does not apply to
service providers resident in member states with whom Portugal has signed a
Double Tax Convention (all member states except Cyprus).
In addition, Portugal remarks that in the case of taxation on the gross income
the difference in the tax base might be offset by the difference between the
rate applicable to resident entities 25% and the final withholding tax rate
of 15% applied to non-resident entities. The Portuguese Government also claims
that the measures are necessary to combat tax fraud.
However, the Commission considers that there is discrimination to foreign services
providers established in Cyprus which has not signed a Double Tax Convention
with Portugal. The Commission is of the view that discrimination exists when
it cannot be ensured that differences in the level of taxation due to the differences
in the tax bases are always offset by the differences in the tax rates.
It also regards the chosen measures as disproportionate since there are other
methods of preventing fraud, for example by requiring the service provider to
give information or by mutual assistance and information exchange with other
EU Member States under EU Directive 77/799/EEC and by mutual assistance in the
recovery of claims under EU Directive 2001/44/EC.
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