Tax-News.com: German Cabinet Agrees 'Future Package' Tax-News.com: The German cabinet has approved its highly controversial EUR80bn 'future package', containing a raft of austerity measures designed to consolidate the public finances thereby promoting sustainable growth, and including significant cuts in social spending and rises in tax revenues.
Tax-News.com: Switzerland Adopts Administrative Assistance Ordinance Tax-News.com: The Swiss Federal Council has adopted the administrative assistance ordinance governing the implementation of administrative assistance provisions contained in either new or revised double taxation agreements in accordance with the Organization for Economic Cooperation and DevelopmentÂ’s standard.
Tax-News.com: Pakistan Looks At 'Flood' Taxes Tax-News.com: It has been indicated that PakistanÂ’s government has made a decision, in principle, to introduce additional tax measures to generate internal revenues to provide part of the funds required for the countryÂ’s reconstruction after the devastating recent floods.
Tax-News.com: Baroin Hints At Further Tax Hikes In France Tax-News.com: Given the country’s colossal deficit and the temporary nature of the government’s plans to cut EUR10bn in tax breaks, French Budget Minister François Baroin has reportedly indicated to parliamentarians that an increase in taxation may prove necessary following the presidential elections in 2012.
Tax-News.com: Report Casts Doubt On Jersey Fiscal Strategy Tax-News.com: A new report by Scrutiny Jersey has warned against the 50/50 balance of tax increases to spending cuts proposed under JerseyÂ’s Comprehensive Spending Review. Discussions on the review are ongoing to achieve annual savings in government spending of GBP50m per year by 2013, and tax increases worth GBP60m per year.
Tax-News.com: India, South Africa Look At CEPA Talks Tax-News.com: The Indian Commerce and Industry Minister, Anand Sharma, has disclosed that India and South Africa are to look at the possibility of establishing a bilateral comprehensive economic partnership agreement and an investment protection and promotion agreement.
Tax-News.com: Putin Threatens To Raise Car Import Tariffs Tax-News.com: Russian Prime Minister Vladimir Putin called into question RussiaÂ’s plans to join the World Trade Organisation by announcing his intention to raise import tariffs on automobiles.
Tax-News.com: Obama's Tax Reform Panel Issues Report Tax-News.com: The US PresidentÂ’s Economic Recovery Advisory Board, chaired by for Federal Reserve Chairman Paul A. Volcker, has issued a report on options for changes in the current tax system to achieve three broad goals: simplifying the tax system; improving taxpayer compliance with existing tax laws; and reforming the corporate tax system.
Tax-News.com: DIFC Announces Strong Growth In 2010 Tax-News.com: Despite the economic downturn, the Dubai international Financial Centre is continuing to attract companies form all over the world, especially from Asia.