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| March 11, 2010 |
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Chancellor of the Exchequer Alistair Darling confirmed in a Written
Ministerial Statement on March 10 that the 2010 government budget will
take place on Wednesday March 24.
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| March 11, 2010 |
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Switzerland’s ruling Liberal party, the FDP, has announced its intention to adopt
a more developed and concrete strategy for the Swiss financial centre, in order
to address the challenges it faces and to proactively strengthen its
position.
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| March 11, 2010 |
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The UK and US governments have agreed to develop an action plan for reducing patent processing backlogs in both countries' patent offices.
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| March 11, 2010 |
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Marking a dramatic about-turn, and despite previous – and repeated –
assurances from Austria’s Chancellor and Finance Minister to the contrary,
the government has now finally confirmed that taxes will inevitably have to rise
in order to consolidate the country’s budget.
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| March 11, 2010 |
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The Brazilian government has announced that it will introduce retaliatory measures
in its dispute with the United States, following last year’s ruling by
the World Trade Organization that USD12bn in cotton subsidies, provided by the
US government between 1999 and 2002, were illegal.
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| March 11, 2010 |
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Germany’s Christian Democratic Union party are eager to levy a special
tax on banks as a contribution to the cost of rescuing the financial sector.
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| March 11, 2010 |
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Hong Kong's Secretary for Financial Services and the Treasury
Professor KC Chan says it is not appropriate to introduce a 'Boundary
Facilities Improvement Tax' now, adding that the government needs to
consider carefully whether it is appropriate to impose additional
departure tax on passengers leaving for Macau.
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| March 11, 2010 |
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Stockbroker Shore Capital has announced that as soon as it has demerged its German
Property business, Puma Brandenburg, it will decamp from the UK and expand its
operations with the creation of two new holding companies, Shore and Puma Brandenburg,
both to be based in Guernsey.
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| March 11, 2010 |
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The Dubai International Financial Centre on March 8 hosted a delegation
from the American Chamber of Commerce Executives, an association for
chamber of commerce professionals in the United States and Canada, aimed at
enhancing financial services synergies between the emirate and the two nations.
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| March 11, 2010 |
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Tax advisory firm, Deloitte has urged UK taxpayers to avail of all outstanding
available tax reliefs, for income tax, capital gains and inheritance tax, to
reduce their individual tax liability, before the start of the next fiscal year.
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| March 11, 2010 |
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It has recently emerged that Germany and Uruguay have signed a bilateral double
taxation agreement, thereby strengthening economic ties between the two countries.
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| March 11, 2010 |
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Addressing the annual National People’s Congress in Beijing, Chinese
Premier Wen Jiabao said that the government will continue its u-turn on supportive
fiscal policy introduced for the housing market last year. Chinese authorities consider it necessary to cool the market to prevent a real estate bubble after house prices rose 10.7% year-on-year in 2009.
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| March 11, 2010 |
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The European Commission has invited comments from interest parties on commitments
proposed by British Airways, American Airlines and Iberia to address anti-trust
concerns that their planned alliance may harm consumers on transatlantic routers.
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| March 11, 2010 |
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Lord Paul, a Labour member of the House of Lords and a major
financial backer of the UK's governing party, has said that he intends
to relinquish his non-domiciled status for tax purposes and pay full UK
taxes on his income.
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