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News and Media Centre
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11 Feb 2011 -
Canadian Opposition Unites Against Corporate Tax Cut
Opposition parties in Canada have voted in support of a motion that will partially reverse the programme of corporate tax cuts taking place in Canada.
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11 Feb 2011 -
Semeta To Propose Common EU Tax Base
European Commissioner for Taxation Algirdas Šemeta has said that proposals for a common consolidated corporate tax base for firms operating in the European Union are imminent.
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10 Feb 2011 -
Republicans Pressure Obama On Pending FTAs
The United States Senate Republican Leader, Mitch McConnell, has pledged his party’s support to President Obama for an immediate passage of the pending US free trade agreements with Colombia and Panama.
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10 Feb 2011 -
Ireland Begins Bank Restructuring
The Irish government has announced the issuance by the High Court of two Direction Orders to commence the process of restructuring Anglo Irish Bank and Irish Nationwide Building Society, in accordance with the provisions of the EU/IMF Programme of Financial Support for Ireland.
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09 Feb 2011 -
Obama Urges Corporate Tax Reforms
President Barack Obama, in a speech to the United States Chamber of Commerce, has returned to the necessity for tax reforms to remove some of the barriers that hinder American businesses in competing globally.
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09 Feb 2011 -
Germany’s CDU Backs Tobin Tax
Determined not to have their plans blocked by Europe, Germany’s ruling Christian Democratic Union party is reportedly considering the idea of joining forces with France and Austria, and pressing full steam ahead with the introduction of a financial transactions tax.
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09 Feb 2011 -
UK Hikes Bank Levy
Chancellor of the Exchequer George Osborne has announced an increase in the rate of the bank levy to be charged in 2011. This change will increase the revenue from the levy in 2011 by GBP800m to GBP2.5bn. The levy is also to be made permanent.
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08 Feb 2011 -
Barbados Commits To Information Exchange
The Prime Minister of Barbados, Freundel Stuart, has announced that in order to fully implement Barbados’s national policy on transparency and demonstrate its commitment to the G-20 endorsed standard on the exchange of information for tax purposes, the Government will amend the Barbados Income Tax Act.
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08 Feb 2011 -
MEPs Approve Deal On Latin American Banana Imports
The 2009 Geneva agreement on European Union import tariffs for bananas from Latin American countries, which is designed to end the longest-running dispute in the history of international trade, has received the backing of the European Parliament.
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08 Feb 2011 -
Hong Kong Introduces One-Stop Company Registration
With effect from February 21, 2011, Hong Kong’s Companies Registry and the Inland Revenue Department will jointly launch a new regime of one-stop company and business registration, together with a one-stop notification of change of company particulars.