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New On The Lowtax Network Today
This feed is published daily with selected new or updated
content from across the Lowtax Network. For a list of Lowtax Network
sites, many of which feature daily news, see
below. |
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| TODAY 11/03: Estonia
Summary PBTG Guide, added to Personal Business Tax Guide |
| 10/03 Lowtax
Labuan, annual update |
| 09/03 Word
Search Puzzle, on Lowtax |
| 08/03 Jobs
For All,
Jeremy Hetherington-Gore blog |
| 05/03 Belgium
Summary PBTG Guide,
added to Personal Business Tax Guide |
| 04/03 New
Lowtax Editor Column,
by Kitty Miv |
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. |
| 02/03 Personal
Equity Investment In 2010: Not Just For Expats…, Investors Offshore special feature
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| 24/02 Lowtax
Cyprus, annual update
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| 22/02 Lowtax
Brunei, annual update
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| 17/02 Dubai
- A Stately Business Dome Decreed, Investors Offshore special feature
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| 15/02 Lowtax
Australia,
major content expansion
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| 27/01 Lowtax
Germany, major content expansion
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| Lowtax Network Sites |
| Lowtax 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. |
| 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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| HMRC Recognizes Cyprus Stock Exchange |
by Robert Lee, Tax-News.com, London
Friday, June 26, 2009
The Cyprus Stock Exchange has been designated as a recognised stock exchange
for the purposes of HM Revenue and Customs tax treatment, the UK tax authority
announced on June 24.
The designation takes effect from June 22, 2009 under section 1005 (1) (b)
Income Tax Act 2007. The CSE is also regarded as a recognized stock exchange
for Inheritance Tax purposes from the same date.
Securities admitted to trading and listed on the EU regulated markets of the
Cyprus Stock Exchange (those regulated under Title III of the Markets in Financial
Instruments Directive (MiFID) will meet the HMRC interpretation of ‘listed’
as set out in section 1005.3a and b Income Tax Act 2007. However,
securities traded on the soon-to-be launched Emerging Companies Market will
not meet the HMRC definition of ‘listed’.
The term 'recognized stock exchange' occurs throughout the UK Tax Acts and
in various tax regulations. For example it is used in connection with close
companies in section 415.1b Income and Corporation Taxes Act 1988, and
in the definition of investments which may be held in Individual Savings Accounts
(ISAs).
The definition of a recognized stock exchange is given in section 1005 Income
Tax Act 2007. It includes the London Stock Exchange and Plus-listed market and
any such stock exchange outside the UK as is designated in an Order of the Commissioners
of HM Revenue and Customs.
HMRC said that recognition under section 1005 Income Tax Act 2007 is for tax
purposes only and does not constitute any form of recognition or approval for
regulatory or other purposes.
HMRC recognizes stock exchanges in a number of ‘offshore’ (the
term being used loosely) jurisdictions including Bermuda, the Cayman Islands,
the Channel Islands, Hong Kong, Ireland, Luxembourg, Malta, Singapore and Switzerland.
A comprehensive report in our Intelligence Report series
giving a country-by-country analysis of offshore investment funds, stock exchanges
and trusts, with an analysis of the US QI regime, is available in the Lowtax
Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp
and a description of the report can be seen at
http://www.lowtaxlibrary.com/asp/description_report9.asp
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| 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
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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.
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