The Cayman Islands Companies (Amendment) (No. 2) Bill, 2012, was published recently in the territory's Official Gazette after the legislative assembly had approved it.


Recently the Hungarian Minister of National Economy submitted a bill introducing the 2013 tax package to the Parliament


Last month the German Federal Cabinet adopted a bill on the simplification of company taxation and the tax treatment of travel expenses


The UAE and Panama signed in Tokyo on October 13, 2012 the final agreement on avoidance of double taxation on income to boost the import and export operations and develop the trade between the two countries


In the Letter № 03-01-18/7-134 as of 01.10.2012 the Ministry of Finance of Russian Federation clarified that for recognition of persons as related the influence, which is exerted due to participation of one person in the capital of another person/entity in accordance with the agreement signed or due to another opportunity to determine other persons decisions, to be taken into accounts


Germany and Singapore have agreed to sign a Protocol amending the existing double taxation agreement between two countries, initially signed in 2004


Recently in Bern Switzerland and Turkmenistan have held talks on plans to intensify bilateral economic relations between two countries, which have been over with the signing of a double taxation agreement


Last week the European Commission has issued a new taxation paper named ‘Tax Reforms in EU Member States’. The document prepared by the Directorate General for Taxation and Customs Union and the Directorate General for Economic and Financial Affairs covers the taxation issues the European Union member states have faced with in 2012


In the beginning of October the Danish government presented to the parliament a bill containing measures to prevent the circumvention of Danish and foreign taxation


The Budget and Taxation Committee has proposed Russian Duma to approve in the first reading the amendments to the Russian Tax Code and to the Law ‘On Securities Market’, helping to resolve the issue of double taxation of the foreign investors

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