News

Some Topics Of Tax Consultations Launched In UK
2010-07-30
Inheritance tax avoidance schemes The consultation seeks views on legislation designed to bring inheritance tax, as it applies to the transfer of property into trust, into the disclosure regime, with the objective of addressing the problem of identifying such schemes and users at an early stage. The government seeks interested parties’ views on the detail of implementation;
IoM Proposes Abolishing Mandatory AGMs
2010-07-20
The Isle of Man Treasury has launched a consultation on a proposal to permit private companies incorporated under the Companies Act 1931 to make an election to dispense with the requirement to hold Annual General Meetings (AGMs).
Panama's Fiscal Reforms Take Effect
2010-07-02
Important changes to income, value-added and other taxes came into effect in Panama on July 1 as part of a major fiscal reform package designed to secure the country's revenue base. Tax reforms were approved in September 2009 and again in March 2010 under Act No 8, subject to some amendments under Bill 178 this June.
Gibraltar completes tax regime overhaul
2010-06-23
Gibraltar makes moves to lift "tax haven" tag which includes ending distinction between onshore and offshore business. The Gibraltar government has published a revamped Income Tax Act ending all distinction between “onshore” and “offshore” business in efforts to evolve from "tax haven" to "mainstream European financial services centre."
San Marino Accuses Italy Of Intransigence
2010-06-17
An official delegation from San Marino, consisting of four ministers, has held a press conference in Rome, to publicise San Marino’s efforts to reach the Organisation of Economic Co-operation and Development (OECD) standards on transparency and the exchange of tax information, and the state of its relationship with Italy.
Hungary Unveils Economic Action Plan
2010-06-10
Unveiling details of the government’s latest economic plan, Hungary’s Prime Minister Viktor Orban announced a series of tax cuts, designed to reassure investors and calm nervous markets.
Singapore Details Start-Up Incentives
2010-06-04
During his keynote address to Singapore’s Fourth Start-up Enterprise Conference, the Permanent Secretary for Finance, Peter Ong, illustrated how the competitive tax regime in Singapore encourages the growth of new start-up companies.
Jersey Finance Industry Rebounds
2010-06-01
The Jersey government has released statistics on economic activity in Jersey during the first quarter of 2010. Over the period, total banking deposits increased by some 7.5% to GBP177.6bn (USD258.5bn).
Italy Obtains Stolen Offshore Bank Data
2010-05-28
It has been confirmed that the list containing details of foreign clients, taken in 2007 from HSBC in Switzerland, includes information on 7,000 accounts held by Italians totalling USD6.9bn.
UK To Review Non Dom Regime
2010-05-26
Price Waterhouse Coopers has noted a number of government announcements which are expected to impact on the taxation of non-domiciled UK employees. Commenting, Sean Drury, international mobility partner at Price Waterhouse Coopers, stated...
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