Jun 28, 2010
The French Government has indicated that it intends to cut selected national tax breaks and reduce public spending over the next three years, in order to lower the national deficit to appropriate EU levels. Speaking in at a radio interview on June 27th Francois Baroin, Budget Minister of France, revealed the French Government’s intentions to [...]
The French Government has indicated that it intends to cut selected national tax breaks and reduce public spending over the next three years, in order to lower the national deficit to appropriate EU levels.
Speaking in at a radio interview on June 27th Francois Baroin, Budget Minister of France, revealed the French Government’s intentions to improve the national budget by over EUR 10 billion in 2011 through tax measures and public spending cuts. The move is aimed at reducing the Government deficit to ... Read More
Apr 19, 2010
The highly debated issue of a new international tax imposed on banks has suffered a delay, after European Union (EU) Finance Ministers failed to reach a decision on how such a measure should be imposed, at a recent round of discussions. In a meeting of EU Finance Ministers held on April 17th in Madrid, discussions [...]
The highly debated issue of a new international tax imposed on banks has suffered a delay, after European Union (EU) Finance Ministers failed to reach a decision on how such a measure should be imposed, at a recent round of discussions.
In a meeting of EU Finance Ministers held on April 17th in Madrid, discussions were hosted on the possible implementation of an international bank tax. Upon closing of the meetings it was revealed that no conclusion was reached regarding bank taxes, ... Read More
Apr 7, 2010
An agreement has been reached by the Organization for Economic Cooperation and Development (OECD) and the Council of Europe to amend the Convention on Mutual Administrative Assistance in Tax Matters (CMAAT). On April 6th the OECD and Council of Europe released a media statement announcing that the CMAAT will be updated in order to bring [...]
An agreement has been reached by the Organization for Economic Cooperation and Development (OECD) and the Council of Europe to amend the Convention on Mutual Administrative Assistance in Tax Matters (CMAAT).
On April 6th the OECD and Council of Europe released a media statement announcing that the CMAAT will be updated in order to bring it up to currently agreed upon standards of international tax transparency. The Convention, opened for signing in 1988, is an international framework which provides facilitation of multinational exchange ... Read More
Apr 1, 2010
Governments worldwide are giving increasing indication that they will soon begin to instate some form of financial transaction tax or bank levy in an effort to bolster national budgets, reduce financial speculative activity and provide fiscal reserves for future bailouts and financial crises. Public pressure and media attention has helped the idea of a new [...]
Governments worldwide are giving increasing indication that they will soon begin to instate some form of financial transaction tax or bank levy in an effort to bolster national budgets, reduce financial speculative activity and provide fiscal reserves for future bailouts and financial crises.
Public pressure and media attention has helped the idea of a new set of bank taxes rise from a short discussion at the 2009 G20 Pittsburg Summit to a key consideration for major economies worldwide. France, Germany and the UK ... Read More
