Switzerland’s Federal Council has announced plans to reform the lump sum taxation of wealthy foreigners in the Confederation, in a bid to strengthen fiscal equity as well as to improve acceptance of the system, while at the same time endeavouring to preserve the attractiveness of Switzerland as a location.
Advisory
Lower-Tax Shores Draw U.S. Firms
When Austin, Texas-based Freescale Semiconductor Holdings I Ltd. went public last month in the U.S., the company followed the footsteps of generations of American high-tech companies, including its former parent, Motorola Inc.
City of London Mayor will advise Moscow
The Lord Mayor of London, Alderman Michael Bear, is in Russia with a delegation of city businessmen. He has a packed schedule in Moscow and St Petersburg but the pivotal day will be spent as co-chairman with Alexander Voloshin of the the first meeting of the UK – Russia Liaison Group on the development of Moscow as an international financial centre.
Brussels eyes Tobin tax to aid EU coffers
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.
France Votes 'Yes' To EU Tobin Tax
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.
Bilateral DTA between Luxembourg and Tajikistan
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
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
Uzbekistan, Germany Negotiating On Closer Cooperation
Uzbekistan and Germany have held negotiations on financial and technical cooperation, where government reforms, new projects and investment were also discussed.
Third bilateral APA concluded between Denmark and China
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”).
ECJ Confirms Illegality Of Spanish Tax Exemptions
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.