 |
|
|
 |
|
| |
|
| 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. |
|
|
| Gibraltar Confident Of Tax Court Victory |
by Amanda Banks, Tax-News.com, London
Tuesday, November 16, 2010
The Gibraltar government has said that it is confident of victory in the appeal
heard by the Grand Chamber of the European Court of Justice on
November 16, brought by Spain in a challenge to Gibraltar's fiscal autonomy from
the UK's tax regime.
In the European Court of Justice's prior ruling, arguments surrounding Gibraltar's
tax system and its autonomy were questioned with the European Commission seeking
determination, based on EU state aid principals, how rules regarding regional
selectivity and material selectivity could be applied to Gibraltar's territory.
The Gibraltar government won in the lower court on both grounds.
An appeal by the European Commission, on the grounds of material selectivity,
was then dropped as Gibraltar made required changes to its tax regime.
Spain however, which has intervened in the case, appealed the lower court’s
ruling on
the regional selectivity ground. The Commission did not appeal this ground.
Spain's argument on regional selectivity seeks to challenge Gibraltar’s
right to have a tax system different from that of the UK’s.
The Gibraltar government, in a statement prior to the hearing, said that “while
the consequences of defeat on this ground would be severe for Gibraltar, the
government is confident of success.”
The prior case, which confirmed Gibraltar's fiscal autonomy, was crucial in that it has permitted the government to revise the territory's tax regime to one that from 2011 will impose a competitive tax rate of 10% on corporates - whether onshore or offshore, and a 20% tax rate on utility companies.
.
|
|
|
|
| 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
