News

News

30.11.2012

The Organization for Economic Cooperation and Development (OECD) recently held a meeting with transfer pricing experts from governments and private sector representatives for discussing transfer pricing issues indicated in the report “Intangibles, Safe Harbors and Timing Issues” published in June

29.11.2012

The Liechtenstein tax administration has recently negotiated and initialed a double taxation agreement in the area of taxes on income and on wealth with the Kingdom of Bahrain

28.11.2012

The Bundesrat, Germany’s upper house of parliament has recently adopted the German-Liechtenstein bilateral double taxation agreement

27.11.2012

As expected, the upper house of German parliament, Bundesrat, has rejected the tax deal between Germany and Switzerland during the recent plenary sitting

07.11.2012

The President of Latvia Andris Berzins supports introduction of a progressive personal income tax, however, noting that an excessive tax rate may discourage people from working and earning more. At the same time Latvian President is against introduction of the progressive rate of the estate tax

07.11.2012

Hungary’s Economy Minister announced that consumption taxes will rise and income tax will decrease. These measures are the part of a strategy to keep the state budget deficit below 3% of GDP

07.11.2012

The UK tax authority, Her Majesty Revenue & Customs, issued a factsheet on the new Swiss/UK tax cooperation agreement, prepared to inform UK taxpayers and their advisers of what to expect when the agreement comes into effect (January 01, 2013)

06.11.2012

A tax amnesty introduced in November 2011 in Cyprus now is extended for the second time till December 31, 2013. The first period of tax amnesty has ended on March 31, 2012 and was initially extended till the end of October 2012

06.11.2012

The Swiss authority responsible for information exchange in tax matters, established within the country’s tax administration is to be strengthened by means of the deployment of additional personnel

02.11.2012

The Singapore’s Monetary Authority of Singapore found out that despite a significant slowdown in economic growth Singapore’s tax revenue in the first half of 2012 had increased slightly

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