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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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| 06/09
German Cabinet Agrees 'Future Package', Tax-News.com |
| 03/09
South Africa Rejects Mining Tax, Tax-News.com |
| 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 |
|
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 |
|
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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| Guernsey To Hike Indirect Taxes |
by Jason Gorringe, Tax-News.com, London
Wednesday, November 25, 2009
Charles Parkinson, Guernsey’s Treasury Minister, has disclosed details of
the island’s draft 'conservative' budget, which will increase indirect taxes on motorists, property owners, smokers and spirits
drinkers in 2010 to generate GBP3m annually.
Parkinson explained that although the Treasury and Resources Department has
observed areas where States' spending could be cut, due to the ongoing structural
deficit, it is necessary at this time to introduce more revenue-raising measures.
The department is recommending increases in all categories of indirect taxation except
for wines, beer and cider.
The following proposals are contained in the 2010 Budget:
- 15% on tobacco – 40p on the average packet of 20 cigarettes, raising GBP500,000;
- 15% on spirits – equivalent to GBP1.26 on a 25-50% ABV litre bottle, raising GBP250,000;
- 15% on motor spirit – 4.8p a litre, taking duty to 37p a litre, raising GBP1.7m;
- 10% on all TRP (Tax on Real Property) tariffs – less than GB10 a year for a typical home, raising GBP1.2m.
The Treasury Department has further announced that it intends to investigate
the introduction of a higher duty rate for strong beers and ciders, and review
the bandings for duty on spirits.
A review of the tariff structure for TRP is also planned, with a simpler structure
for commercial categories to be considered.
The Department has not made a recommendation for personal income tax allowances
for 2011. It has delayed any decision until late next year to allow the States’
financial position, and the inflation rate, to be taken into account.
In a statement, Parkinson commented:
“Given the planned revision of our corporate tax system and the current
economic climate, these Budget proposals are deliberately conservative. It’s
just not possible for us to do much more when we cannot model the likely short-term
effect on States income either when a new regime is introduced or in the run
up to it.”
He added: “I remain concerned about our annual structural deficit and look forward
to our work on reviewing the States Fiscal Strategy with the intention of restoring
States Finances to a position of long-term fiscal balance.”
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