Tag archives for Tax

Global Economics

International Tax Update

Bailout takes its toll on Cyprus Cyprus’ Parliament has passed legislation that will raise corporate taxes to 12.5% (up from 10%), increase levies on transactions by credit institutions by 0.04%, and double the tax on bank deposit and interest and dividends collected via the Special Defence Contribution to 30%....
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Markets and Finance

Singapore’s Exchange of Information regime up to global standards

The Ministry of Finance said last week that the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) affirmed Singapore’s exchange of information (EOI) regime as being in line with international standards. In two peer review reports, Singapore’s legal and regulatory framework were examined against...
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Markets and Finance

International Tax Update

Singapore tax information exchange Singapore Minister for Finance Tharman Shanmugaratnam has responded to allegations that the Singapore government withheld tax information from neighboring Malaysia and Indonesia when such information was requested. In a reply to parliament, Tharman said that Singapore fully cooperated when such requests were made by Malaysia...
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Global Economics

The (Tax) State of the Union

Over in the United States, it appears that President Obama and House Republicans are no closer to achieving a compromise on the role of tax increases in the country’s fiscal deficit reduction package. In his State of the Union Address last Tuesday, Obama reasserted his position that the answer...
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Global Economics

Fiscall Cliff and Other News

Instead of focusing this Healy Highlight on a specific jurisdiction we have had a search around the internet for some interesting articles concerning company law and tax (everyone’s favourite). Due Diligence for the Swiss (tax-news.com) Switzerland’s Federal Council is proposing to increase the due diligence requirements for clients of...
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