 |
|
|
 |
|
| |
|
| 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. |
|
|
| G20 Countries Resist Protectionism |
by Ulrika Lomas, Tax-News.com, Brussels
Wednesday, March 10, 2010
The Organization for Economic Cooperation and Development (OECD), World Trade Organization (WTO) and the United Nation's Conference on Trade and
Development (UNCTAD) have reiterated their calls on leaders of the G20 countries to resist
protectionism or the prospects for economic recovery may be wiped out.
In their second combined report on G20 Trade and Investment Measures, the three
organizations found that most G20 members are holding to their commitments to
open trade and investment in the wake of the global economic crisis. However,
they say protectionist pressures may continue to gather force in the face of
job losses and high unemployment.
The OECD, co-author with UNCTAD of the report’s chapter on investment,
says there was no open discrimination against foreign investors in the six months
to mid-February 2010, but warns that discretion in the application of the many
state support and rescue programmes for troubled firms may be used to favour
domestic companies and disguise protectionism.
The report cautions that the holdings acquired by governments as a response
to the crisis may jeopardize governments’ impartiality in policy making
and law enforcement. Government ownership and rescue of firms may also distort
and protract restructuring of economic sectors, the report notes. Lastly the
report lauds recent G20 investment measures that have continued to point towards
greater openness and clarity for foreign investors.
OECD Secretary-General, Angel Gurría, said: “Openness to international
investment is a precondition for strong global economy, job creation, and innovation.
The OECD will continue to monitor investment policy developments closely.”
The leaders of the G20, which comprises the world’s largest economies,
committed to resist protectionism and promote global trade and investment at
summits in November 2008, in April 2009 and again in September 2009. They mandated
WTO, OECD and UNCTAD – the leading international organizations in the
area of international trade and investment policies – to monitor policy
developments and report publicly on these commitments.
This second report to G20 leaders covers measures taken or announced by G20
members between September 2009 and mid-February 2010. The previous report was
issued ahead of the G20 Summit in Pittsburgh in September 2009.
.
|
|
|
|
| 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
