Tax Looms as Battleground for German Elections

Categories: Taxation in EU, Taxation in Germany

The issue of taxation is growing to be a major deciding factor in the upcoming German elections. Tax cuts, tax overhauls, job cuts, falling balances and rising deficits, phrases that are being drawn out with progressively higher frequency in the face of the upcoming German elections. Increasingly attention is being focused on three major parties [...]

The issue of taxation is growing to be a major deciding factor in the upcoming German elections. Tax cuts, tax overhauls, job cuts, falling balances and rising deficits, phrases that are being drawn out with progressively higher frequency in the face of the upcoming German elections. Increasingly attention is being focused on three major parties within the election: the Christian Democratic Union (CDU) headed by Chancellor Angela Merkel, the Social Democratic Party (SDP) headed by Franz Müntefering, and the Free Democrat Party (FDP) ... Read More

Irish Commission on Taxation Released

Categories: Taxation in EU, Taxation in Ireland

The Irish Government’s Commission on Taxation has released its report reviewing the Irish taxation system and its subsequent recommendations. Today, the Commission on Taxation handed its report with over 250 recommendations regarding Ireland’s financial taxation system to Brian Lenihan, Minister of Finance. Due to errors in its indices, the 600 page report will not be [...]

The Irish Government’s Commission on Taxation has released its report reviewing the Irish taxation system and its subsequent recommendations. Today, the Commission on Taxation handed its report with over 250 recommendations regarding Ireland’s financial taxation system to Brian Lenihan, Minister of Finance. Due to errors in its indices, the 600 page report will not be made available to the public until early to mid-September. The report was originally requested to be complete on the 20th of September but has been completed ahead of ... Read More

Radical Transaction Tax Proposed in UK

Categories: Taxation in EU, Taxation in UK

The idea for a new financial transaction tax in the UK has been floated by the chairman of Britain’s Financial Services Authority. Lord Adair Turner, chairman of Britain’s Financial Services Authority (FSA), has proposed that the UK implement a tax on financial transactions, so as to detract from the appeal of wide-spread foreign currency speculation [...]

The idea for a new financial transaction tax in the UK has been floated by the chairman of Britain's Financial Services Authority. Lord Adair Turner, chairman of Britain's Financial Services Authority (FSA), has proposed that the UK implement a tax on financial transactions, so as to detract from the appeal of wide-spread foreign currency speculation by financial institutions. The tax, which is often referred to as the Tobin Tax, would see a levy on capital flows. The rate of levy has not yet ... Read More

Canada to Follow US with UBS

Categories: International Tax Cooperation, Offshore Banking, Taxation in Canada, Taxation in Switzerland

The Canadian Revenue Agency have announced that they will enter into discussion with Swiss bank UBS in regards to possible tax evasion information. Following swiftly upon news that the US Government and UBS had reached a settlement in their offshore account tax evasion dispute, the Canadian Revenue Agency (CRA) has announced that they too will [...]

The Canadian Revenue Agency have announced that they will enter into discussion with Swiss bank UBS in regards to possible tax evasion information. Following swiftly upon news that the US Government and UBS had reached a settlement in their offshore account tax evasion dispute, the Canadian Revenue Agency (CRA) has announced that they too will engage in discussions with UBS in regards to divulging information about Canadian national tax evaders. On the 21st of August it was announced by Jean-Pierre Blackburn, Canadian National Revenue ... Read More