News

Luxembourg’s Finance Minister has announced plans to sign an inter-governmental agreement between Luxembourg and the United States, implementing the Foreign Account Tax Compliance Act (FATCA), in 2013

Armenia's National Assembly is considering a package of tax reforms for businesses, including introduction of the simplified filing rules, a new turnover tax instead of the profit tax, and measures against tax evasion

The Swiss Federal Council has announced enhancement of due diligence requirements for preventing banks and other financial intermediaries from accepting untaxed assets

The Liechtenstein government intends to negotiate double taxation agreements with the country’s economically and strategically important partners in 2013

The British tax agency has issued a warning to Swiss bank account holders stating that they have one final chance to pay any tax due, otherwise they will face investigation

Recently the Second Chamber of the Dutch parliament has approved a bill submitted by Financial State Secretary Frans Weekers amending existing legislation regulating exit tax

The European Commission has finally concluded the two-years negotiations with Singapore regarding signing of free trade agreement

In the beginning of December a draft law containing new transfer pricing rules was presented to the Parliament of Ukraine

President of the Austrian Federal Economic Chamber Christoph Leitl has backed the tax course set by Austrian Vice Chancellor and People’s Party leader Michael Spindelegger, who is against the re-introduction of property taxes in Austria

Germany’s parliamentary mediation committee, containing members of both houses, has not reached a compromise on the tax deal with Switzerland aimed to deal with undeclared German assets held in Swiss banks