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Italian Government Combines Tax Relief For Industry With Tax Collection Measures |
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Thursday, 02 July 2009 |
 Italian Government Combines Tax Relief For Industry With Tax Collection Measures
Italy’s Prime Minister, Silvio Berlusconi, has divulged that his government expects official tax receipts to fall by some EUR37bn this year. Italy’s public sector deficit would be a significant 5% of GDP, which is itself forecast by the OECD to fall by 5.5%. Those figures have placed the balancing act presented by the economic stimulus package of the recent Ministerial Decree into perspective. |
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Ireland Concludes TIEA With Gibraltar |
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Thursday, 02 July 2009 |
 Ireland Concludes TIEA With Gibraltar
The Irish Minister of State at the Department of Finance, Martin Mansergh,
on June 24 signed a Tax Information Exchange Agreement with Gibraltar, the Irish
government has announced. |
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Banks' Tax Avoidance Targeted By UK Government |
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Thursday, 02 July 2009 |
 Banks' Tax Avoidance Targeted By UK Government
The UK government has published a consultation document on a code of practice on tax for banks. |
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EC Objects To Belgian Tax Treatment Of Deposits |
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Wednesday, 01 July 2009 |
 EC Objects To Belgian Tax Treatment Of Deposits
The European Commission has sent Belgium a formal request to amend its legislation,
which leads to differing taxation of interest depending on where the bank paying
such interest is established. |
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Germany's CDU Party Approves Election Programme |
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Wednesday, 01 July 2009 |
 Germany's CDU Party Approves Election Programme
In the absence of certain tax rebels, and with a relaxed air of unity, leaders
of Germany’s Christian Democratic Union party and Bavarian sister
party the Christian Social Union finally approved their party’s election
programme during a meeting held at the beginning of the week. |
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India's Fiscal Deficit Widens Faster Than Budget |
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Wednesday, 01 July 2009 |
 India's Fiscal Deficit Widens Faster Than Budget
India's fiscal deficit reached INR541bn (USD11bn) in April, compared with INR329bn (USD6.5bn) in the last year. |
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Grassley Introduces US Small Business Tax Reduction Bill |
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Wednesday, 01 July 2009 |
 Grassley Introduces US Small Business Tax Reduction Bill
Senator Chuck Grassley, ranking member of the United States Senate Committee on Finance, has introduced a bill he says will strengthen small businesses by lowering their tax burden. |
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Grounds For Optimism Despite Jersey's Q1 Banking Deposits Stats |
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Wednesday, 01 July 2009 |
 Grounds For Optimism Despite Jersey's Q1 Banking Deposits Stats
The latest figures on Jersey’s finance industry confirm an anticipated
fall in the size of its banking and funds sectors, although Jersey Finance Chief
Executive, Geoff Cook, believes there are grounds for cautious optimism about
the business outlook generally. |
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Lords Critical Of UK Government’s Pension Tax Changes |
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Wednesday, 01 July 2009 |
 Lords Critical Of UK Government’s Pension Tax Changes
A UK parliamentary committee has warned that changes to the pension tax system for high earners will likely damage the country’s reputation in the international competition for business talent. |
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Qatar To Overhaul CIT Structure |
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Tuesday, 30 June 2009 |
 Qatar To Overhaul CIT Structure
In a landmark move, Qatar has proposed to slash its corporate income tax rate to 10% for
foreign companies investing
from outside the Gulf. |
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Washington Subway Funding Derailed By Tax Shelter? |
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Tuesday, 30 June 2009 |
 Washington Subway Funding Derailed By Tax Shelter?
Chuck Grassley, a senior Republican Senator, has expressed concern that a tax sheltering arrangement entered into between the Washington Metropolitan Area Transit Authority and a foreign bank contributed to a funding shortfall in the transit system, compromising safety to the extent that it was a major factor in the recent fatal subway crash. |
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