International News
October 2008The offshore jurisdictions accept the OECD standards of information exchange Double taxation avoidance agreement between the United Arab Emirates and Japan Double taxation avoidance agreement between BVI and Great Britain is signed Amendments to Cyprus tax legislation Abolishment of tax for the financial operations in Brazil The Great Britain government will have to increase the tax rates Amendments to the EU Savings Tax Directive The Parliament of Jersey adopted a Foundation Act Jersey Island tightens the control over financial transactions High standards of regulation in Bermuda Gibraltar Financial Services Commission signed the Memorandum of understanding with Jersey Financial Services Commission Switzerland risks to be noted on black list of Organization for Economic Cooperation and Development The Icelandic banks investors risk to suffer the tax persecutions New measures against offshore jurisdictions
September 2008In Germany they investigate the crimes, made by depositors of the Liechtenstein banks The USA fights with the investors, which avoid the taxes The government of Russian Federation will take steps to solve the financial problems of the Russian companies Stiffening of the EU directive on the deposit tax The Dutch Parlament introduces the tax for gambling business The new type of the legal entity on Jersey to be appear Cyprus introduces the new tax information exchange system The tax system of Luxembourg will become more attractive
August 2008Tax for coil export is growing in China The consumption tax will be reduced in Vietnam Canadian small and medium business suffers of big tax burden The company tax is reduced in Kuwait They continue to arrest the bookkeepers in Australia Liechtenstein is ready to come to terms The business tax in the USA is not going to be reduced The property tax is going to be changed in Great Britain The Minister of Health in Great Britain demands introducing the special tax for rich people Barclaeys Bank PLC expands its network in Russia JP Morgan opens a financial company on Jersey Island The Netherland Antilles can be excluded from the “black list” of EU states
July 2008Agreement between Kazakhstan and Luxembourg Guide over Isle of Maine Man fight with the money laundering Great Britain will take steps against bank accounts owners in the banks of Liechtenstein The heads of Caribbean tax services met on Belize Swiss banks and citizens of the USA – the difficulties in relations Investment funds on Seychelles Islands Hong Kong fights against “money laundering” in a successful way The meeting of the President of the republic of Cyprus and members of the British parliament Innovations in the tax system of Great Britain The new standard tax convention is elaborated The Senate of the USA investigates the offshore banks’ activity The new immigration rules of Great Britain
June 2008Barbados and Seychelles signed an agreement The agreement between France and Great Britain The British Virgin Islands participated in historical FATF meeting The tax burden on business in New Zealand will be reduced The EU “Allow list” Hong-Kong ranks first to assist trading Cyprus will be unfiled from the Russian “black list” soon The Consolidation of Europe spreads the opportunities for small and medium business The Russian businessmen can count on the personal offices Taxes and fraud Independence of the dependent territories and financial transparency Russia in the world ratings
May 2008BVI passed the check of the Caribbean FATF Cayman Islands: we begin the fight The Hon Kong tax system was found the most simple and transparent Ukraine is the WTO member “United Russia” prepares the tax amnesty project for the legal bodies The Netherlands Antilles Islands are against calling their state “a tax free jurisdiction” Liechtenstein and EU prepare the agreement on the fraud Switzerland and Luxembourg do not wish to cede their principles The ministers of finances in the EU countries agreed to revise the tax directive The basic tax exemptions in Singapore in 2008-2009 accounting period
April 2008The Ministry of Finances of the Russian federation forbade the big business “to pretend” small Qatar concludes the Double Taxation Avoidance Agreement with Seychelles Hon Kong and Indonesia signed an agreement on the legal protection For the first time ever the limited liability company from the Isle of Man registers under the London stock exchange The London agreement comes into force The USA and Ukraine signed the agreement on trade and investment cooperation Netherlands Antilles and United Arab Emirates plan to begin the negotiations on the double taxation avoidance agreement signing Germany and European Council Organization for Economic Co-Operation and Development sign an Agreement on the Mutual Assistance in Tax Matters The EU and Switzerland tax dispute: No backward step! Hon Kong prepares “The Companies law” upgrade Hon Kong will revise the Code on Trusts and Funds Cayman Islands change the financial services law Organization of Economic Cooperation welcomes the tax agreements number growing The European parliament is for the international financial services broadening Antigua-Ukraine: the Agreement on mutual assistance in criminal matters has been signed
March 2008Stock exchanges of the Central America countries are uniting The EU legislation changes on money received in a criminal way laundering Liechtenstein has received compliments from the International Monetary The main tax free jurisdictions’ enemies are tax free jurisdictions Cyprus balances between an openness and confidentiality The agreement between Malta and Singapore is coming into force EU makes interrogation on the VAT bill The government of Hong Kong has declared the new tax privileges program The British government has called to postpone tax reform EU will accelerate the tax policy revision Great Britain officially introduces new foreigner tax A new world largest financial centers rating is made Luxembourg introduces new trust funds investment
February 2008The government of the Russian Federation prepares for change of priorities in the tax policy for 2008-2009 Changes in the corporate law in Great Britain Tax free jurisdiction of the global mode International tax commission forms united forefront against tax avoidance Hon Kong provides the Luxembourg corporations with tax allowances Switzerland: plans for the future Freedom to Ukraine! The Guernsey companies will be cheaper Liechtenstein is forming but confidentiality remains Switzerland reduces taxes EU: fights against tax free jurisdictions?
January 2008Tunis becomes the first tax free jurisdiction in Northern Africa Saint Vincent and the Grenadines: the new law on IBC Barbados has suggested to create the tax agency of the United Nations Chyprus can be excluded from the list of tax free jurisdictions There will be more tax free jurisdictions Belize expands the investments attraction Changes for owners of the companies registered on Cyprus EU will carry on new negotiations with Hong Kong on the tax information disclosing The Ministry of Finance of the Great Britain has reconsidered the capital gain tax reform plan Tax amnesty or pay money for forgiving
December 2007The Great Britain: reform of the capital gain tax The financial markets of the European Union FATF has recognized Cayman islands Bermudas have no secrets Changes for the Law on the enterprise companies of the British Virgin islands The Scandinavian countries have concluded the tax agreement with Isle of Man Switzerland has approved framing of tax agreements with the EU countries-participants The United Kingdom has signed tax agreements with Slovenia and Moldova Luxembourg: one more attack on the tax harbour The Cyprus tax system was found the best in the Europe Hong Kong will conclude the contract of the double taxation avoidance with India The taxes appeared to be the main preoccupation of the British small business The parliament of Cyprus prepares for the tax amnesty The Great Britain tightens a tax treatment for foreigners
November 2007The World Bank named the countries with the most simple tax payment system Luxembourg has blocked the VAT reform in the European Union electronic trade The Netherlands have lost an action on withholding tax EU has offered "the European approach" for fraud prevention coordination The Great Britain: the tax service keeps watching over you!
December 2007The Cyprus tax system was found the best in the Europe
November 2007Singapore has lowered the profit tax Bahrain is the regional leader in hedge-funds sector Cyprus and Malta are well prepared for affiliation to euro The charter of the European taxpayers is brought up for discussion British business-confederation is intended to lobby the capital gain tax reform abolishment Opportunities of the new tax amnesty carrying out in great Britain Switzerland refused holding of negotiations with the EU on the tax incentives The best USA investor complains about low taxes Tax free jurisdictions are deprived of benefits The State Duma of the Russian federation is planning to initiate the hedge-funds Luxembourg plans abolition of a capital duty
October 2007The Men Island government prepares the draft law on the companies Assembly of the Men Island approves the establishment of new types of funds Hon-Kong attracts new Russian enterprises The Great Britain Minister of finances refused to abolish the capital gain tax reform The affiliated branches of the New Zealand companies will pay favorable taxes Tax burden in the developed countries came back to the historical maximum Hon Kong reduces the corporate tax The companies on Cayman Islands are the most popular The law is on taxpayers’ side
September 2007Hong Kong: innovations in the Companies’ Register The World Bank has created a rating of the best countries for business dealing The majority of the largest European companies have supported tax harmonization The Netherlands will reduce taxes for small and middle business Hong Kong accepts Strategy of development of the 5 parts financial center The government of Cayman Islands offers extensive revision of the Law on the companies WTO publishes the Review of a commercial policy of Panama Funds of Isle of Man reach the amount of USD 50 billion under the administration The Swiss business has offered joint strategy of financial system development The Russian tax services can concentrate on tycoons One more anti-offshore organization settled down in London Investors can face with the new hedge funds duties
August 2007Third of the largest companies of the Great Britain do not pay the corporate tax The USA is going to toughen a tax regime for the multinational companies Business went to bat for the tax regime of Switzerland The British conservatives have developed the tax reform project The tax amnesty in Russia has legalized about 2 billion roubles Hong Kong has reported of the registered companies’ growth number The reserve bank of New Zealand has suggested imposing the capital gain tax Minister of Finance of the Great Britain has promised to simplify tax system The Czech Prime-minister wins fight for corporate tax decrease The central bank of Cyprus has signed the Memorandum of mutual understanding with the Austrian financial regulator The British government has encouraged canceling a tax privilege for foreigners Hong Kong remains sensitive to financial crises Organization for Economic Cooperation has excluded Marshall Islands from «the black list»
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