London aims to become a Renminbi trading centre

January 27, 2012, 13:00 / Advisory / Jurisdictions: China, United Kingdom, Hong Kong

UK signed a deal with Hong Kong aimed at helping turn the City into an offshore trading centre for the renminbi.

Germany, France urge EU to speed tax coordination

January 27, 2012, 12:00 / Advisory / Jurisdictions: European Union, Germany, France

Germany and France are pushing the European Union to speed up tax coordination efforts, despite British and Irish opposition, and will soon make proposals to harmonise their corporate tax rates.

Tax Amnesty in Cyprus

January 3, 2012, 15:00 / Advisory / Jurisdiction: Cyprus

We would like to bring to your attention that the House of Representatives voted the Special Settlement of Tax Liability Law of 2011. The relevant Law has been published in the Government's Official Gazette on 12 December 2011.

Cayman Islands Announces New Tonnage Tax Regime

November 22, 2011, 14:00 / Advisory / Jurisdiction: Cayman Islands

The Maritime Authority of the Cayman Islands (MACI) is introducing a new Annual Tonnage Fee (ATF) structure, which will come into effect on January 1, 2012.

G20 countries strengthen international tax co-operation

November 22, 2011, 12:30 / Advisory

During the November G20 summit, all governments agreed to a multilateral Convention to tackle tax evasion more effectively.

A plot to impose financial transaction tax on UK

October 28, 2011, 10:30 / Advisory / Jurisdictions: United Kingdom, EU

A group of European politicians is plotting to impose the financial transaction tax (FTT) in a way that Britain would be powerless to veto, a British Member of the European Parliament has warned.

Repatriation Bill to Tax Overseas Profit at 8.75 Percent

October 25, 2011, 17:00 / Advisory / Jurisdictions: USA

Corporate repatriation legislation proposed by Senators Kay Hagan and John McCain would let U.S. businesses bring home offshore profits at an 8.75 percent tax rate.

Bermuda Insurance Company Registrations Up

October 7, 2011, 15:00 / Advisory / Jurisdictions: Bermuda

The pace of insurance company registration in Bermuda has picked up, bolstered in the main by a rise in special purpose insurers.

Ireland asks EU to amend treaties

September 29, 2011, 16:26 / Advisory

The Irish government has asked the European Union to amend its treaties in order to provide specific legal assurances that the country can continue to control its own corporate tax rate.

Spain revives wealth tax plan amid crisis

September 27, 2011, 10:00 / Advisory / Jurisdiction: Spain

Spain’s Socialist government has resurrected a hotly contested plan to impose a wealth tax next year, according to party leaders eager to spread the burden of austerity and reassure financial markets that the country will control its budget deficits.