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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 12/03: Lowtax
Costa Rica, annual update |
| 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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| Hong Kong Ranked First Again By Heritage Foundation |
by Mary Swire, Tax-News.com, Hong Kong
Friday, January 22, 2010
Hong Kong has been named the world's freest economy for the 16th time in the
annual rankings produced by the Heritage Foundation, a US public policy research
institute.
The Heritage Foundation’s 2010 rankings, using information in the year
to end-June 2009, measure the degree of economic freedom of 179 world economies
by assessing, for example, their business, trade and fiscal freedom, government
spending, investment freedom, and property rights.
It finds, for example, that overall fiscal freedom improved by 0.5 points over
the year. The average top tax rate on individual income is now 29.3%, and the
average top tax rate on corporate income is 25.1%. The average total tax burden
as a percentage of GDP is 23.2%. Since July 2008, it says, 32 countries have
introduced reforms in direct taxes or have implemented tax cuts as previously
planned, despite the challenging economic and political environment caused
by the global economic slowdown.
However, it continues, many of the countries whose scores have dropped have
responded to the economic crisis with policy moves that reduce economic
freedom. In the US, policies or proposals have included more intrusive regulations,
government takeovers of businesses, government subsidies, tax increases,
and protectionist measures to reduce trade. Consequently, the US has dropped
two places in the ranking to eighth, behind Canada. For much the same reasons,
the UK is now out of the top 10 in eleventh place.
Hong Kong maintains its position as the world’s freest economy, a distinction
it has enjoyed for 16 consecutive years. Singapore remains close, ranked as
the world’s second freest economy. Australia and New Zealand, ranked 3rd
and 4th this year, have solidified their position at the top of the rankings.
Hong Kong’s government said that the Heritage Foundation has recognized
Hong Kong's competitive tax regime, respect for property rights and flexible
labor market, coupled with an educated and highly motivated workforce; and
has complimented Hong Kong as one of the world's leading financial and business
centers. Hong Kong has also maintained its status as Asia's second-largest destination
for foreign direct investment.
A comprehensive report in our Intelligence Report series
tracing in detail the course of the last six years both globally and at jurisdiction
level, explaining precisely what you get - and don't get - for your money in
all of the main offshore jurisdictions, 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_report1.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
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.
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LAWANDTAX-NEWS.COM
