The European Union’s executive body is set to propose expanding its revenue-raising powers – including the introduction of EU-wide taxes – in its budget to be unveiled this week.

Marking a significant step forward, albeit largely symbolic, the French National Assembly voted almost unanimously in favour of a European resolution seeking to introduce at European level a tax imposed on all financial transactions.

During an official visit to Luxembourg by Tajikistan’s President Emomali Rahmon and accompanying delegation, the talks centred on strengthening bilateral relations, on human rights, as well as on economic and financial issues, culminating in the signing of a bilateral double taxation agreement (DTA) between the two countries.

Review of Innovation Policy in the Russian Federation 2011, prepared in partnership with the Russian Ministry of Education and Science, points out a high level of education in Russia and good development in several fields of science and technology, but also mentions low level of innovation activities in companies, weak competition, and inefficient infrastructure.

Uzbekistan and Germany have held negotiations on financial and technical cooperation, where government reforms, new projects and investment were also discussed.

Two years after the completion of a pair of bilateral advance pricing agreements (“BAPAs”) for a leading Danish technology company, Danish and Chinese tax authorities have concluded a third BAPA, according to the website of the Danish Tax Authorities (“DTA”).

The European Court of Justice has upheld the European Commission’s finding that tax exemptions granted to newly-established companies in the Basque region of Spain are state aid and incompatible with the common market, and must therefore be recovered by the Spanish government.

There is plenty of potential for Guernsey to increase business flows with Russia, according to a team from the island's financial services industry which visited Moscow in the third week of May.

There is plenty of potential for Guernsey to increase business flows with Russia, according to a team from the island's financial services industry which visited Moscow in the third week of May.

Business Exchange Buzz up! Digg Print Email The U.S. tax system complies with most international standards for transparency and information exchange with other governments, a review by the Organization for Economic Cooperation and Development found.