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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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| Ireland Meets Minimum International Transfer Pricing Standards |
by Robin Pilgrim, LawAndTax-News.com, London
Monday, February 08, 2010
Irish Minister for Finance Brian Lenihan has included in his 2010 Finance Bill measures to regulate transfer pricing, bringing it into line with 1995 OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, and updated to include revisions such as the those on intangible assets.
Ireland’s existing, but limited, arm’s length pricing rules for manufacturing trading will cease at the end of this year with the ending of manufacturing relief. The opportunity is being taken to introduce general transfer pricing legislation which will align Ireland’s tax code in this area with the international norm.
The Department of Finance took care to ensure the regulations are regarded as light touch, but not so much that Ireland is stigmatized as a tax haven; it needed to address concerns expressed by the EU and the US that Ireland's low corporate tax rate of 12.5% and lack of substantial transfer pricing regulations were an enticement to shelter untaxed income there. The lack of a framework was said to be causing difficulties during negotiations of tax treaties.
Chartered Accountants Ireland described the rules as having the "features of best international practice" with the arm’s length principle, reliance on documentation, while not introducing significant additional compliance requirements for most businesses. Domestic companies with fewer than 250 employees and sales of less than EUR50m are exempt, and there is a lead in time for the rules to be implemented. The legislation becomes effective in 2011 in respect of transactions agreed on or after July 1, 2010.
Companies involved in transactions which are within the scope of the transfer pricing legislation are required to have records available that demonstrate compliance with the legislation.
This comprehensive report in our Intelligence Report series
examines the global and national landscapes in which companies can use transfer
pricing to improve their after-tax returns, including summaries of recent
developments in design of the corporate supply train, the usefulness of 'offshore'
in international corporate tax planning, and a section covering the spread of
DTAAs and CFC laws. It 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_report16.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
