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EU Issues Audit Recommendation
16/05/2008 |
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The European Commission on Tuesday issued a Recommendation on 'external quality assurance for statutory auditors and audit firms auditing public interest entities'.
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New WIPO Director General Named
16/05/2008
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It was announced on Tuesday that the Coordination Committee of the World Intellectual Property Organization (WIPO) has nominated Francis Gurry, a national of Australia, to become the next Director General of WIPO.
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STORY
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Poll Reveals GST Absorbed By 73% Of UK Retailers In Jersey
16/05/2008 |
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Jersey's Economic Development Minister, Philip Ozouf has run an initial survey of 26 UK retailers in Jersey to find out how they have handled the implementation of the recent Goods and Services Tax (GST), it emerged this week.
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STORY |
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FINRA Seeks Public Comment On Four New Proposals
16/05/2008 |
The US Financial Industry Regulatory Authority (FINRA) on Wednesday posted Regulatory Notices seeking public comment on four proposals consolidating NASD and New York Stock Exchange (NYSE) rules for the new FINRA Rulebook.
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STORY
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Rangel Takes Aim At Deferred Compensation In Tax Extenders Bill
16/05/2008 |
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Legislation introduced into the US House of Representatives on Wednesday proposing tax breaks for families, business, and clean energy production, is to be partly paid for by a provision that would deny certain tax benefits to executives receiving deferred compensation.
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STORY |
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EPA Between EU And Caribbean To Be Signed In July
16/05/2008 |
The Economic Partnership Agreement (EPA) between the European Commission (EC) and the Caribbean Forum of African, Caribbean and Pacific States (CARIFORUM) is to be signed in July 2008, according to an announcement by the Caribbean Community (CARICOM) Secretariat.
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STORY
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Rudd Government To Review Australia's Tax System
16/05/2008 |
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Kevin Rudd's (pictured) Labor government will conduct a comprehensive review of Australia's tax system to create a tax structure that, according to Tresurer Wayne Swan, will position the country to deal with the demographic, social, economic and environmental challenges of the 21st century.
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STORY |
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McCreevy Speaks At Conference On Counterfeiting And Piracy
16/05/2008 |
The EU's Internal Market Commissioner, Charlie McCreevy on Tuesday spoke at the Conference on Counterfeiting and Piracy.
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STORY
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Treasury U-Turn Adds To Red Tape Burden
16/05/2008 |
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Accountancy firm PKF is warning that the Chancellor’s announcement of increased tax allowances and changes to the basic rate band will cause more paperwork for employers who are already struggling to deal with changes to the PAYE system.
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India And Singapore To Increase Cooperation Over Aviation
16/05/2008 |
The Civil Aviation Authority of Singapore (CAAS) on Thursday inked an agreement with the Airports Authority of India (AAI) to promote mutual cooperation in civil aviation between the two organisations.
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STORY
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CARICOM To Negotiate Trade Deal With Canada
16/05/2008 |
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The Caribbean Community (CARICOM) and Canada are soon to begin negotiations for a Trade and Development Agreement, it has been announced by the CARICOM Secretariat.
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Europe Optimistic On Hong Kong Economy
16/05/2008 |
Hong Kong's Chief Secretary for Administration, Henry Tang has stated that European officials and business leaders have strong confidence in the One Country, Two Systems formula being implemented in Hong Kong, and remain optimistic about the city's economic prospects.
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STORY
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Swan's Budget To Boost Australia As Financial Hub
15/05/2008 |
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In his first budget since the new Labor government took office, Australian Treasurer Wayne Swan announced on Tuesday evening a number of measures designed to elevate Australia's position as a leading financial centre, and rewarded voters with almost AUD50bn (USD46.6bn) in personal income tax cuts.
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Darling Announces Major Turnaround In 10p Tax Rate Row
15/05/2008 |
UK Chancellor Alistair Darling this week announced a major move which, it was hoped, would end the row over the abolition of the 10p tax rate.
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STORY
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EU And US Issue First Ever Joint Statement On Open Investment
15/05/2008 |
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The EU and the US used Tuesday's meeting of the Transatlantic Economic Council to adopt and issue their first ever joint statement on investment.
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Baucus Seeks Simpler, Fairer US Tax Code
15/05/2008 |
Senate Finance Committee Chairman Max Baucus (D-Mont) on Tuesday pressed a panel of tax experts on the issue of individual tax reform, including social policies in the tax code and ways to improve American economic competitiveness.
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STORY
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Private Companies Should Make The Most Of Tax Efficient Employee Share Scheme, Says PWC
15/05/2008 |
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There has been an upturn in interest from private companies across the UK seeking to set up tax efficient employee share option schemes, accounting firm PriceWaterHouseCoopers revealed on Tuesday.
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Brazilian Finance Minister Pledges Tax Cuts
15/05/2008 |
It emerged this week that the Brazilian government of President Luiz Inácio Lula da Silva plans to deliver BRL21.4bn in tax cuts to favored industries in the period to 2011, in order to boost exports.
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STORY
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WIPO Signs IP Development Plan With Ghana
15/05/2008 |
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WIPO has reinforced its cooperation with the Republic of Ghana with the signing last week of an intellectual property (IP) development plan which aims to build the country’s capacity to create, protect and utilize IP as a powerful tool for economic growth and development.
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Green Taxes And Simplification To Be Key CIOT Themes
15/05/2008 |
Green taxes and simplification are the themes of the new President of the Chartered Institute of Taxation (CIOT), Nick Goulding.
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