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Australia's New Cross Border Insolvency Law May Shield Subsidiaries And Assets
15/10/2008 |
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The newly adopted Australian cross border insolvency law may provide some comfort to companies with foreign subsidiaries and their suppliers in the current volatile market, according to Neil Cussen, Deloitte’s Corporate Reorganisation Group Partner.
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Hungary Delays Tax Cut Plan
15/10/2008
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Hungary’s minority government leader Prime Minister Ferenc Gyurcsany announced plans on Friday to delay proposed tax cuts worth EUR5bn as the financial crisis gripping the US and Western Europe envelops the country's own stock markets.
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STORY
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Catherine Ashton Appointed As EU Trade Commissioner
15/10/2008 |
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Catherine Ashton (pictured), the former Leader of the House of Lords in the UK, who has been appointed to fill Peter Mandelson's shoes as the European Trade Commissioner, will face a number of testing issues in her first weeks in the job, not least with regard to the often strained trade relationship between the EU, China and the US.
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STORY |
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Indonesia Considering Another Cut In Palm Oil Export Tax
15/10/2008 |
The Indonesian government may be preparing another cut in the export tax on palm oil as world prices for the commodity continue to slump amid a sharp fall in demand.
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STORY
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Award For Research And Innovation Given To Austrian MEP
15/10/2008 |
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Austrian Paul Rübig, a Member of the European Parliament, was presented with the European Patent Office-sponsored (EPO) 'MEP Award' for research and innovation at a ceremony in Brussels last week.
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Controversial Tax Amnesty Vehemently Rejected By French President
15/10/2008 |
French President Nicolas Sarkozy (pictured) has finally put an end to speculation surrounding a controversial tax amnesty proposed by president of the National Assembly, Bernard Accoyer.
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STORY
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First SICAR Fund Lists On Luxembourg Exchange
15/10/2008 |
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The Luxembourg Stock Exchange has announced that the first SICAR (Société d’investissement en capital à risque), a fund structure which has particular appeal to private equity and venture capital fund managers, has been listed on the bourse.
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IRS To Tighten Audit Screws In Search Of New Revenue
15/10/2008 |
With the US economy slowing and the federal deficit rising, a much needed surge in tax revenue means that a growing number of taxpayers can expect to be audited, while Americans already burdened by tax debt will find it harder than ever to resolve their tax disputes with the Internal Revenue Service, according to one tax expert.
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STORY
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UK Gaming Industry Calls For Tax Breaks
15/10/2008 |
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The gaming industry in the UK has called on the government to grant it more tax concessions in order to give gaming companies a fair chance of competing with their foreign counterparts.
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UK Investors Fight Complex Capital Tax Regime
15/10/2008 |
Despite the UK Revenue's removal of taper and indexation relief with effect from April this year, many investors aren't expected to benefit from the administrative ease of the new simplified capital gains regime until after April 2009.
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STORY
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Vietnam Signs Investment Protection And Promotion Agreement With Greece
15/10/2008 |
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The governments of Vietnam and Greece have signed a series of agreements to boost their bilateral relations, especially in the areas of trade and investment.
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STORY |
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Joint E-commerce Declaration Between Switzerland And US Signed
15/10/2008 |
On October 10, Federal Councillor Doris Leuthard and the US Trade Representative Susan Schwab signed a joint declaration on e-commerce in Washington, D.C.
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STORY
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Tax Increases Likely In Ireland's 'Harshest' Budget
14/10/2008 |
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Irish citizens are bracing themselves for bad news in Finance Minister Brian Lenihan's maiden budget announcement, which is likely to include a number of tax increases in order to fill a gaping hole in the government's finances.
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CARIFORUM EPA With EU Is Finally To Be Signed
14/10/2008 |
Wednesday will see the signing in Barbados of the Economic Partnership Agreement
between CARIFORUM and the European Union, which has been in the making since
2004 under the terms of the Cotonau Agreement.
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STORY
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World Bank Hails The Americas' Free Trade Initiative
14/10/2008 |
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The World Bank and Inter-American Development Bank (IDB) has welcomed an initiative launched by 12 countries in the Americas to promote free trade in the Western Hemisphere.
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Mauritius Expands Financial Services Industry
14/10/2008 |
The Financial Services Commission of Mauritius has announced that new rules opening up the jurisdiction's financial services industry to four new types of business have been published in the government gazette.
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STORY
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Ex-Samsung Boss Won't Be Imprisoned For Tax Evasion, Despite Guilty Verdict
14/10/2008 |
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The ex-Samsung boss found guilty of tax evasion in July has been spared a prison sentence this week after a breach of trust charge filed against him was dropped at the last minute.
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France And Nigeria Sign MoU On Energy
14/10/2008 |
It was announced last week that France and Nigeria have entered into a bilateral agreement designed to encourage growth in Nigeria's power sector.
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STORY
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Vietnam And Australia Explore New Bilateral Agreements
14/10/2008 |
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Vietnamese Prime Minister, Nguyen Tan Dung (pictured) has met with his Australian counterpart Kevin Rudd this week in order to discuss ways of speeding up negotiations surrounding trade, investment, and technology cooperation.
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New Zealand Stock Exchange Calls For Corporate Tax Deferment
14/10/2008 |
A new report by the New Zealand Stock Exchange and the New Zealand Institute has urged the government to defer the payment by companies of provisional corporate tax and provide more generous capital allowances in a bid to counter the negative effects of the global credit crunch.
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STORY
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