 |
|
|
 |
|
| |
|
| 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. |
|
|
| Few Surprises In 2009 Cyprus Budget |
by Lorys Charalambous, Tax-News.com, Cyprus
Thursday, September 18, 2008
Despite projecting a budget surplus for the third consecutive year in 2009,
Cyprus's Finance Minister Charilaos Stavrakis has decided against providing
tax relief in the government's latest budget.
Announcing a 'steady-as-she-goes' budget this week, which was
approved by the cabinet on Wednesday, Stavrakis said that the government remains
committed to its goal of maintaining a fiscal surplus, expected to reach 0.7% of GDP in 2009.
Compared to some of its partners in the eurozone, the Cypriot economy remains
relatively robust thanks in large part to the strength of the business and financial
services sectors. However, Stavrakis cautioned against any rash budgetary moves
mindful of the fact that the global economic situation is more sensitive. Fiscal
discipline, therefore, seems to be uppermost in the government's thinking,
at least in the short-term.
While the government sees no need to raise taxes, the revenue base will be
strengthened through efforts to bolster the government's capacity to collect
taxes, Stavrakis announced.
The 2009 budget assumes revenues of EUR6.37bn (USD5.36bn), a 4.7% increase
since the 2008 budget, but Stavrakis warned that a sharp fall in domestic consumption
will lead to falling value-added tax revenues.
.
|
|
|
|
| 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
