Publication: AMS Group

First reported May 16 2013 - Updated May 16 2013 - 1 reports

Austria Eyes US FATCA Deal

Austrian Chancellor Werner Faymann has announced plans to enter into talks with the US and with the Organization for Economic Cooperation and Development (OECD), aimed at combating tax fraud and tax evasion.Following a recent Council of Ministers meeting, ... [Published AMS Group - May 16 2013]
First reported May 16 2013 - Updated May 16 2013 - 1 reports

South Korea To Provide Tax Incentives For Start-Ups

South Korea's Minister of Strategy and Finance Hyun Oh-seok has promised that the Government will introduce a range of measures, including tax incentives, to encourage and help the start-up businesses that, it is hoped, will provide good jobs and be an ... [Published AMS Group - May 16 2013]
First reported May 16 2013 - Updated May 16 2013 - 1 reports

Andorra Unveils First Indirect Tax Revenue Figures

Andorran Finance Minister Jordi Cinca has recently presented to the Council of Ministers a preliminary assessment of revenues collected from the country's General Indirect Tax (IGI), for the first quarter of 2013.Andorra's General Indirect Tax Act provides ... [Published AMS Group - May 16 2013]
Entities: Andorra, Taxes, Turnover
First reported May 16 2013 - Updated May 16 2013 - 1 reports

France, Germany Renew Joint Tax Drive

Following a recent gathering of the Franco-German Economic and Financial Council in Berlin, German Finance Minister Wolfgang Schäuble and his French counterpart Pierre Moscovici issued a joint declaration, underlining their commitment to increased cooperation ... [Published AMS Group - May 16 2013]
First reported May 16 2013 - Updated May 16 2013 - 1 reports

Zurich Divided Over 'Fat Cat Tax' Initiative

Opponents of the Young Socialists' "fat cat tax" initiative have warned that the levy will not only affect a small group of multimillionaires, but will also penalize savers, pensioners, and businesses in the Swiss canton of Zurich, if adopted in the upcoming ... [Published AMS Group - May 16 2013]
First reported May 02 2013 - Updated May 02 2013 - 1 reports

Scots To Replace Stamp Duty With Progressive Tax

Scotland's Parliament has voted unanimously in favor of a bill which will replace Stamp Duty Land Tax with a new progressive Land and Buildings Transaction Tax from April 2015.Finance Minister John Swinney explained that the rates for the new tax would ... [Published AMS Group - May 02 2013]
First reported May 02 2013 - Updated May 02 2013 - 1 reports

US Allocates USD3.5bn New Markets Tax Credits

organizations in the United States have been awarded New Markets Tax Credits (NMTC) worth USD3.5bn to increase economic opportunities in distressed areas of the US, the United States' Department of the Treasury has announced.The NMTC, established by Congress ... [Published AMS Group - May 02 2013]
First reported May 02 2013 - Updated May 02 2013 - 1 reports

Mexico Hikes Royalties Tax On Mining

Mexico looks set to introduce a new tax on mining companies' profits in a bid to raise the country's tax-to-Gross Domestic Product (GDP) ratio, which remains the lowest among Organization for Economic Cooperation and Development (OECD) member states.A ... [Published AMS Group - May 02 2013]
Entities: Mexico, Mining, OECD
First reported May 02 2013 - Updated May 02 2013 - 1 reports

France, Germany Seek Tougher AML Regulations

Germany and France have called for European anti-money laundering regulations to be toughened, as part of efforts to clamp down on tax evasion.In a joint letter addressed to the European Commission, French Finance Minister Pierre Moscovici and his German ... [Published AMS Group - May 02 2013]
First reported May 02 2013 - Updated May 02 2013 - 1 reports

France Mulls Anti-Tax Evasion Bill

The French Government has presented a bill to the country's Council of Ministers, designed to strengthen the fight against tax evasion and financial crime. According to the French Finance Ministry, the text serves to complete the set of anti-tax evasion ... [Published AMS Group - May 02 2013]
First reported May 02 2013 - Updated May 02 2013 - 1 reports

Belgium's Geens Rules Out Further Tax Rises

The Belgian Federal Government has decided to postpone until 2016 plans to return the public finances to budgetary balance, citing a shortfall of fiscal revenues. The Government had pledged to achieve a budgetary balance by 2015, within the framework ... [Published AMS Group - May 02 2013]
First reported May 02 2013 - Updated May 02 2013 - 1 reports

Bermuda Tightens Residency Rules On Expat Workers

Bermuda's Ministry of Home Affairs has confirmed new rules to be introduced for foreign workers from April 30, 2013, preventing long-term workers from obtaining "resident" immigration status.As Bermuda has significantly relaxed work permit rules, a new ... [Published AMS Group - May 02 2013]

Quotes

...the property market and to gain parliamentary approval for a supplementary budget, it is now necessary, he said, to establish measures to create an "ecosystem for venture capitalcapital investments, which can lead to active start-ups and more risk-taking businesses."
Underlining the fact that the Austrian Government is united in its stance and plans to negotiate together, Faymann stressed that Austria is pursuing "a clear, constructive path in the fight against tax evasion." Austria is determined to ensure that both tax havens, such as the Channel Islands, and hidden ownership structures, such as trusts, are transparent...
...1m), to ensure a greater contribution from the canton’s wealthiest. The cantonal people’s initiative entitled "against tax gifts for the super-rich, for a strong canton Zurich" is due to be put to the cantonal vote on June 9
...The Government explained the Declaration "essentially confirms [expatriate workers'] understanding that Bermuda law does not confer residency rights on a guest worker and that they should have no expectation of such a right."

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South Korea To Provide Tax Incentives For Start... [Published AMS Group - May 16 2013]
Andorra Unveils First Indirect Tax Revenue Figures [Published AMS Group - May 16 2013]
Austria Eyes US FATCA Deal [Published AMS Group - May 16 2013]
France, Germany Renew Joint Tax Drive [Published AMS Group - May 16 2013]
Zurich Divided Over 'Fat Cat Tax' Initiative [Published AMS Group - May 16 2013]
Portugal To Lower Corporate Tax [Published AMS Group - May 02 2013]
Bermuda Tightens Residency Rules On Expat Workers [Published AMS Group - May 02 2013]
US Allocates USD3.5bn New Markets Tax Credits [Published AMS Group - May 02 2013]
Mexico Hikes Royalties Tax On Mining [Published AMS Group - May 02 2013]
France, Germany Seek Tougher AML Regulations [Published AMS Group - May 02 2013]
France Mulls Anti-Tax Evasion Bill [Published AMS Group - May 02 2013]
Belgium's Geens Rules Out Further Tax Rises [Published AMS Group - May 02 2013]
Scots To Replace Stamp Duty With Progressive Tax [Published AMS Group - May 02 2013]
Cyprus Parliament Raises Taxes [Published AMS Group - Apr 25 2013]
France, Switzerland Edge Closer To Inheritance ... [Published AMS Group - Apr 25 2013]
NZ 'On Track' On Multinational Taxation [Published AMS Group - Apr 25 2013]
US Congress Looks For Tax Fraud Solutions [Published AMS Group - Apr 25 2013]
Tunisia Embarks On Fiscal Reforms To Secure IMF... [Published AMS Group - Apr 25 2013]
France Unveils Its National Fiscal Strategy [Published AMS Group - Apr 25 2013]
Portugal Rules Out Tax Hikes In 'Extraordinary'... [Published AMS Group - Apr 25 2013]
Curacao Overhauls Its Land Tax Regime [Published AMS Group - Apr 25 2013]
Tax Incentive For Major Australian Infrastructu... [Published AMS Group - Apr 25 2013]
Swiss Lawmakers Extend Hotelier Tax Break [Published AMS Group - Apr 25 2013]
EU Commission Warns Hungary On Tax [Published AMS Group - Apr 25 2013]
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