Jan 19, 2010
The Finance Ministry of Germany has stated that it is opposed to the imposition of an EU-wide tax, in response to a suggestion by the Finance Ministry of Luxembourg. Ahead of the EU and Euro-zone Finance Minister Summit held on January 18th and 19th, Luc Frieden, Finance Minister of Luxembourg, called for a new tax [...]
The Finance Ministry of Germany has stated that it is opposed to the imposition of an EU-wide tax, in response to a suggestion by the Finance Ministry of Luxembourg.
Ahead of the EU and Euro-zone Finance Minister Summit held on January 18th and 19th, Luc Frieden, Finance Minister of Luxembourg, called for a new tax to be instated across the whole of the EU. German officials quickly denounced the idea, claiming that the EU already has sufficient funds. The German Ministry also ... Read More
Jan 18, 2010
Tax revenues collected in the People’s Republic of China rose by 9.1 percent in 2009 compared to the previous year. In a statement published by the Chinese State Administration of Taxation on January 15th the department declared that the country’s tax revenues had risen by CNY524.1 billion in 2009, bringing the collections to CNY6.31 trillion [...]
Tax revenues collected in the People’s Republic of China rose by 9.1 percent in 2009 compared to the previous year.
In a statement published by the Chinese State Administration of Taxation on January 15th the department declared that the country’s tax revenues had risen by CNY524.1 billion in 2009, bringing the collections to CNY6.31 trillion (approx. USD928). The tax revenues growth exceeded Chinese Government set targets by 1.1 percent after an unexpected economic resurgence in June.
Domestic retail sales revenue showed the largest ... Read More
Jan 15, 2010
US President Barack Obama has proposed a new tax on financial institutions that could raise USD117 billion to repay the financial crisis bailout payouts. In a speech on January 14th Barack Obama announced his intention to instate the Financial Crisis Responsibility Fee (FCRF), a tax which would be levied on financial institutions with over USD50 [...]
US President Barack Obama has proposed a new tax on financial institutions that could raise USD117 billion to repay the financial crisis bailout payouts.
In a speech on January 14th Barack Obama announced his intention to instate the Financial Crisis Responsibility Fee (FCRF), a tax which would be levied on financial institutions with over USD50 billion in consolidated assets. Under the new tax applicable organizations would be taxed at a rate equal to 0.15 percent of their total assets less high-quality capital and ... Read More
Jan 14, 2010
Doug Shulman, US Internal Revenue Services (IRS) Commissioner, has admitted that he uses a tax consultant to prepare his annual tax returns, as he finds the tax system too complicated. In a television interview on January 10th Doug Shulman stated that he has used a tax consultant to prepare his tax returns for the last [...]
Doug Shulman, US Internal Revenue Services (IRS) Commissioner, has admitted that he uses a tax consultant to prepare his annual tax returns, as he finds the tax system too complicated.
In a television interview on January 10th Doug Shulman stated that he has used a tax consultant to prepare his tax returns for the last ten years. The Commissioner continued on to say that both he and President Obama are large proponents of simplifying the US tax code. Although when pressed further ... Read More
