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March 10, 2010


The Organization for Economic Cooperation and Development, the World Trade Organization and the United Nations’s Conference on Trade and Development have reiterated their calls on leaders of the G20 countries to resist protectionism, or the prospects for economic recovery may be wiped out.

March 10, 2010


End of year figures released on March 8, by Guernsey Finance, the promotional agency for the island’s finance industry, show that the value of investment funds in Guernsey increased by GBP2.7bn (1.5%) during the final three months of last year.

March 10, 2010


Chartered Accountants Ireland has responded to the UK Financial Reporting Council’s consultation on revisions to the Combined Code on Corporate Governance.

March 9, 2010


Guernsey’s banking sector is in a more positive position than the continuing decline in deposit levels might suggest, according the head of the promotional agency for the Island’s finance industry.

March 9, 2010


Australian Taxation Office Commissioner, Michael D'Ascenzo, during a speech to the Tax Institute of Australia's National Convention in Melbourne, has given an indication of how it is refining its approach to compliance so as to deal with globalization, the aftermath of the economic recession and technological advances.

March 9, 2010


The Isle of Man government has provided details of changes, announced in the February budget, to company registration rules, including increases to certain company fees.

March 9, 2010


The International Organization of Securities Commissions has announced that it has stopped monitoring the international assistance and exchange of information activities of the Securities Commission of the Bahamas.

March 9, 2010


Deloitte has applauded the Canadian government's decision to amend the Capital Gains Tax law to ease red tape on international investors, particularly venture capitalists, reestablishing Canada as a leading place to invest.

March 9, 2010


The Swiss Federal Council has recently approved both the message and draft federal decree pertaining to the treaty on environmental taxes between Switzerland and Liechtenstein.

March 9, 2010


There has been steady growth in popularity of tax transparent pooling vehicles across the investment community in recent years, as investors embrace these vehicles to facilitate economies of scale, efficiency and improved performance, according to BNY Mellon.

March 8, 2010


Companies should put in place strict internal controls and establish ethics and compliance programmes as part of a strategy to combat bribery in international business deals, says new guidance agreed by the 38 countries that are party to the Organization for Economic Cooperation and Development Anti-Bribery Convention.

March 8, 2010


Canadian Finance Minister Jim Flaherty resisted the temptation to increase income tax or defer planned cuts in the rate of corporate tax in tabling the 2010 budget on March 4, announcing a deficit reduction package based largely on the removal of economic stimulus measures.

March 8, 2010


Switzerland’s Council of States has elected to postpone the setting up of a special commission to investigate the UBS case, sparking outrage from the country’s lower chamber of parliament.

March 8, 2010


Having received the Henry tax review at the end of last year, and having then said that it would consider the review for release early in 2010, along with an initial response, the Australian government now appears to be delaying that release.

March 8, 2010


During a speech to the annual convention of the Taxation Institute of Australia, Richard Edmonds, a judge of the Federal Court specializing in tax affairs, has strongly criticized the law central to the recent draft rulings by the Australian Taxation Office on the tax treatment of private equity investments by foreign investors.

March 8, 2010


The UK corporate income tax rate should be hiked in line with the G7 average of 32.87% in order to fund higher education, a representative body for the country’s universities and colleges has said.

March 8, 2010


The Hong Kong Securities and Futures Commission is monitoring the operation of ten 'dark pools' - facilities allowing securities transactions to occur outside traditional exchanges - which it has become concerned about.

March 8, 2010


The captive insurance market in Missouri has seen explosive growth in the past year, with annual premium for these companies reaching just over USD1bn for 2009, up from USD123m in 2008.

March 5, 2010


Designed to generate a further EUR4.8bn for the country’s economy, the Greek government has announced a new wave of austerity measures, including a raft of additional tax measures.

March 5, 2010


In his mid-year budget presentation to Parliament, Bahamas Prime Minister Hubert Ingraham addressed improving the business environment, touching specifically on the streamlining of the regulation of the financial services sector.

 

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