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> LOWTAX SUBSCRIPTION LIBRARY: TAX AND OFFSHORE NEWSWIRE
This sample
shows the Tax And Offshore
for the week ending Friday 11th November, 2005
Greenspan
Urges Caution On Further Tax Cuts 07/11/2005
While
the Fed Chief has been a long standing supporter
of moves to eliminate the double taxation of investment
income, he told lawmakers last week that further
tax cuts should not go ahead if the government
must increase its borrowing in order to fund them.
Click
Here for Full Story
Canadian
Supreme Court Strikes Blow Against General Anti-Tax
Avoidance Rule 08/11/2005
The
Canadian Supreme Court has struck a blow against
the government's General Anti-Avoidance Rule
(GAAR) by ruling that transactions structured
to legitimately minimise tax payments do not
constitute a breach of the law.
Click
Here for Full Story
German
Lawmakers Plan To Restore Tax On Corporate Asset
Sales 04/11/2005
Restoration
of a tax on corporate cross holdings could go
ahead as part of broader plans to reform corporate
taxation in Germany from 2008.
Click
Here for Full Story
Irish
Tax Revenues Running Ahead Of Target 04/11/2005
Figures
published by the Irish Department of Finance
this week have shown that tax receipts are running
ahead of target this year, boosted by strong
consumer spending and property sales.
Click
Here for Full Story
McCreevy
Takes A Stand Over EU Corporate Tax Plans
08/11/2005
Speaking
on Friday at a KPMG conference in County Kildare,
Internal Market Commissioner Charlie McCreevy
publicly broke rank with the EC on the subject
of corporate tax harmonisation.
Click
Here for Full Story
FTAA
Still Unburied After Argentine Americas Meeting
08/11/2005
Although
Venezuelan leader Hugo Chavez arrived at the
34-nation Americas summit in Argentina promising
to 'bury' the idea of a Free Trade Area of the
Americas (FTAA), 29 of the nations present wanted
to set a date for renewed FTAA negotiations
in 2006.
Click
Here for Full Story
New
Zealand And Australia Pessimistic Over Doha Talks
07/11/2005
Agriculture
Ministers for Australia and New Zealand warned
last week that unless Europe is prepared to make
further concessions with regard to cuttting tariffs
for importing farm goods, the Doha trade talks
are likely to collapse.
Click
Here for Full Story
Japanese
iPod Tax Plans On Hold 08/11/2005
It
emerged this week that plans by the Japanese
government to extend the copyright fee currently
imposed on the sale of digital recording devices
to iPods and other portable music players have
been put on hold.
Click
Here for Full Story
Bank
Of England Victorious In BCCI Case 04/11/2005
The
liquidators of BCCI finally threw in the towel
this week in their GBP850m lawsuit against the
Bank of England, unconditionally withdrawing the
case after a 12 year battle.
Click
Here for Full Story
Cyprus
Postpones Eurozone Entry04/11/2005
Cyprus's
government announced on Wednesday that it intends
to adopt the euro in 2008, rather than 2007
as originally expected.
Click
Here for Full Story
Zalm
Complains That Dutch Companies Are Paying Too
Much Tax 09/11/2005
Dutch
Finance Minister, Gerrit Zalm this week complained
that many companies in Holland are paying too
much tax to the government, an unusual stance
for a man in his position.
Click
Here for Full Story
Chirac
May Not Be Able To Cut VAT For Restaurants10/11/2005
Austria,
Denmark, Estonia, Germany, Sweden and Slovakia
this week stated their opposition to a further
expanansion of reduced VAT rates to labour intensive
services.
Click
Here for Full Story
India
And Italy Agree To Amend Double Tax Avoidance
Agreement 07/11/2005
The
governments of India and Italy have agreed to
amend their bilateral Double Taxation Avoidance
Convention in an attempt to boost trade and investment
flows between the two countries.
Click
Here for Full Story
Independent
Directors In Demand For Cayman Hedge Funds07/11/2005
Independent
directors are finding themselves increasingly
in demand from hedge funds whose growing list
of institutional clients require a greater degree
of assurance that their investment is protected,
a trend particularly prevalent in the Cayman
Islands where the majority of the world's hedge
funds are domiciled.
Click
Here for Full Story
Australian
Government To Clarify Taxation Of Foreign Government
Holdings 07/11/2005
Australian
Treasurer Peter Costello announced last week that
new legislation will be introduced to limit the
current practice of exempting foreign governments
and their investment bodies from interest and
dividend withholding taxes.
Click
Here for Full Story
SARS
Proposes New Laws To Limit Tax Evasion07/11/2005
Facing
what it considers to be a growing problem with
increasingly complex and sophisticated forms
of tax evasion, the South African Revenue Service
(SARS) has released a discussion paper on proposed
changes to the income tax to clamp down on "impermissible
tax avoidance" by corporate taxpayers.
Click
Here for Full Story
Irish
Enterprise Minister Establishes Business Regulation
Forum 04/11/2005
Ireland's
Minister for Enterprise, Trade and Employment,
Micheál Martin (pictured) on Wednesday announced
the establishment of the Business Regulation Forum
(BRF), under the chairmanship of Dr. Donal De
Buitléir of AIB Group.
Click
Here for Full Story
Guernsey
And The Isle Of Man Scrap Over Yacht Registration10/11/2005
Speaking
to the Isle Of Man Online earlier this week,
Moore Stephens director and VAT expert Ayuk
Ntuiabane argued that Guernsey's yacht management
firms are attempting to lure business away from
the Island.
Click
Here for Full Story
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13/07 
