French Report Recommends TP Overhaul
11/06/2013
In its latest report, the French General Inspectorate of Finance has put forward a raft of recommendations aimed at strengthening existing transfer pricing rules applicable to international groups in France, to better combat tax optimization and avoidance by multinational companies.

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'Nothing To Fear From Higher Irish Corporate Tax Rate'
12/06/2013
A rise in Ireland's corporation tax rate from 12.5 to 20 percent would not "substantially" affect Swiss pharmacy group Helsinn, its chief executive has said.

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Malta Revamps HNWI Expat Incentive Scheme
12/06/2013
The Maltese Government has enhanced the terms of the incentive scheme offered to high net worth individuals seeking to obtain a residence permit.

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German Committee Waves Through Disputed Tax Act
10/06/2013
A German mediation committee, comprising representatives of both parliaments, has finally reached a compromise on a raft of hitherto disputed tax measures, provided for within the framework of the 2013 annual tax act.

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Canadians Using Tax Refunds To Improve Financial Position
10/06/2013
Canadians are increasingly using tax refunds to pay down their debt, new research has claimed.

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Belgium Unveils Details Of Tax Regularization Bill
13/06/2013
During a second reading, the Belgian Council of Ministers has approved a bill modifying the country's current tax regularization regime.

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NZ, China Emphasize Importance Of FTA
11/06/2013
Ministers representing the New Zealand and Chinese governments have held talks focusing on how their Free Trade Agreement can be supported.

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G8 Summit Urged To Seek Beneficial Ownership Reforms
12/06/2013
Governments must compile information on the ultimate ownership of companies if they hope to properly enforce the law, a group of public prosecutors and so-called "corruption hunters" has urged ahead of the G8 Summit.

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Hong Kong Questions Application Of Italian FTT
07/06/2013
In reply to a question in the Legislative Council, the Secretary for Financial Services and the Treasury, Professor K C Chan, confirmed that Hong Kong is attempting to clarify details with Italy of its financial transactions tax, and has communicated the views and concerns of Hong Kong's financial sector.

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Voluntary Declarations Soar In Germany In 2013
14/06/2013
The number of voluntary tax declarations submitted by German taxpayers wishing to regularize their hitherto unreported income has soared so far this year, already almost surpassing the total recorded by the authorities in the whole of 2012.

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Pictet Warns Of Major Swiss Financial Center Challenges
12/06/2013
In his June General Assembly address, President of the Swiss Private Bankers Association Nicolas Pictet highlighted the key challenges currently facing the Swiss financial center.

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Tax Transparency Bill Through Australian House
07/06/2013
The Australian House of Representatives has passed legislation that would see the tax affairs of big businesses made public.

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Cayman Is Prepared To Commit To Multilateral Convention
13/06/2013
The Cayman Islands Government announced on June 10, 2013 that it is prepared to commit to the Convention on Mutual Administrative Assistance in Tax Matters.

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IMF Evaluation Criticizes Tax Approach In Greek Bailout
11/06/2013
The IMF has published an evaluation of its handling of the first Greek bailout in 2010, in which it admits that it had been "overly reliant on tax increases," and that efforts to check tax evasion and to make the tax burden more equitable had achieved only "limited progress."

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AICPA Introduces New Reporting Framework For SMEs
13/06/2013
The American Institute of Certified Public Accountants has introduced a new accounting option, the 'Financial Reporting Framework for Small-and Medium-Sized Entities,' to help privately held owner-managed businesses, that are not required to use United States Generally Accepted Accounting Principles, prepare streamlined financial statements.

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Austria Accords Tax Relief For Flood Victim Support
07/06/2013
The Austrian Finance Ministry has unveiled details of a raft of tax relief measures, aimed at supporting the country’s flood victims, as well as reducing the tax burden on individuals wishing to express their solidarity, in the form of generous donations.

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Swiss Flights Under Threat From French Taxes
13/06/2013
The French Government has announced its decision to subject all flights departing from the Franco-Swiss airport Basel-Mulhouse to French taxes.

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Canada Promotes Expanded Adoption Tax Credit
11/06/2013
More adoption-related expenses will be made eligible for the Adoption Expense Tax Credit, under reforms introduced by the Canadian Government.

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