Feb 8, 2010
The Australian Government will soon cease to operate the Bank Funding Guarantee Scheme (BFGS), which aided the stability of the country’s financial institutions during the most significant global economic contraction since World War II.
Yesterday it was announced that from March 31st the Australian BFGS will be withdrawn, based on a recommendation from the Council of [...]
The Australian Government will soon cease to operate the Bank Funding Guarantee Scheme (BFGS), which aided the stability of the country’s financial institutions during the most significant global economic contraction since World War II.
Yesterday it was announced that from March 31st the Australian BFGS will be withdrawn, based on a recommendation from the Council of Financial Regulators. The scheme was established in October 2008 as a means of instilling a greater confidence in the Australian banking system by providing a guarantee on ... Read More
Feb 5, 2010
Two Democratic Senators have introduced a bill to the US Senate which seeks to impose a 50 percent tax on bonus payments exceeding the American President’s salary.
On February 4th Barbra Boxer, Senator of California, and Jim Webb, Senator of Virginia, introduced a bill to the Senate which, if passed, will see taxes being levied on [...]
Two Democratic Senators have introduced a bill to the US Senate which seeks to impose a 50 percent tax on bonus payments exceeding the American President’s salary.
On February 4th Barbra Boxer, Senator of California, and Jim Webb, Senator of Virginia, introduced a bill to the Senate which, if passed, will see taxes being levied on bonuses in excess of USD400 000. The tax will apply to bonuses paid by any organization which received more than USD5 billion from the US Government Troubled ... Read More
Feb 4, 2010
The European Commission (EC) has formally requested that the Belgian Government alter its legislation regarding taxation of interest and dividends received by foreign investment funds.
On January 28th the EC placed an official request to the Belgium Government to address its tax treatment of dividends and interest distributions to foreign owned investment funds, as it claims [...]
The European Commission (EC) has formally requested that the Belgian Government alter its legislation regarding taxation of interest and dividends received by foreign investment funds.
On January 28th the EC placed an official request to the Belgium Government to address its tax treatment of dividends and interest distributions to foreign owned investment funds, as it claims the current treatment is discriminatory and restricts the freedoms mandated by the Treaty of the European Union. Under current legislation, distributions made by a Belgian company to ... Read More
Feb 3, 2010
The number of UK nationals who filed their Self Assessment (SA) tax returns online in 2009 reached a record high, according to the HM Revenue & Customs (HMRC).
The HMRC reported on February 1st that 6 429 899 individuals had filed their SA returns online before the January 31st deadline. The figure represents approximately three quarters [...]
The number of UK nationals who filed their Self Assessment (SA) tax returns online in 2009 reached a record high, according to the HM Revenue & Customs (HMRC).
The HMRC reported on February 1st that 6 429 899 individuals had filed their SA returns online before the January 31st deadline. The figure represents approximately three quarters of submitted returns and marks a 12 percent improvement over the previous year, where only 5 759 006 individuals made timely online submissions. According to the HMRC ... Read More
