May 10, 2010
The financially struggling nation of Greece has been approved for a EUR 30 billion fast track loan by the International Monetary Fund (IMF), to stabilize the country’s economy and provide a needed sense of financial security. The new loan is intended to save Greece from being forced to seek funding from international markets within the [...]
The financially struggling nation of Greece has been approved for a EUR 30 billion fast track loan by the International Monetary Fund (IMF), to stabilize the country’s economy and provide a needed sense of financial security. The new loan is intended to save Greece from being forced to seek funding from international markets within the next three years.
On May 9th the IMF announced its new recovery-loan package for Greece, in which it will provide Greece with a total of EUR 30 billion ... Read More
Apr 16, 2010
The Parliament of Greece has approved an extensive overhaul of the country’s tax code, in a concentrated effort to revive national finances and stem tax evasion. On April 15th the Greek Parliament approved a controversial and widely discussed new tax code aimed at reforming the country’s taxation landscape. Filippos Sahinidis, Deputy Finance Minister of Greece, [...]
The Parliament of Greece has approved an extensive overhaul of the country’s tax code, in a concentrated effort to revive national finances and stem tax evasion.
On April 15th the Greek Parliament approved a controversial and widely discussed new tax code aimed at reforming the country’s taxation landscape. Filippos Sahinidis, Deputy Finance Minister of Greece, described the aim of the new bill, saying, "This is an important piece of legislation to deal with the major problem of tax evasion and other chronic problems ... Read More
Feb 25, 2010
Greece has been referred to the Court of Justice of the European Union, after the European Commission (EC) deemed a series of tax exemptions issued by the jurisdiction to be illegal. On February 24th the EC released a statement referring Greece to the EU Court of Justice for breaking clauses within the Treaty on the [...]
Greece has been referred to the Court of Justice of the European Union, after the European Commission (EC) deemed a series of tax exemptions issued by the jurisdiction to be illegal.
On February 24th the EC released a statement referring Greece to the EU Court of Justice for breaking clauses within the Treaty on the Functioning of the European Union (TFEU). The EC claims that Greece broke EU legislations when it failed to comply with a decision passed by the Commission in ... Read More
Dec 17, 2009
Increasing fiscal transparency was an important issue in the economic and political spectrum of the 2009 year. With only a few weeks remaining in 2009, December happened to be one of the most active month of the passing year, with Governments around the globe completing efforts made in negotiations of Double Taxation Agreements (DTA) and [...]
Increasing fiscal transparency was an important issue in the economic and political spectrum of the 2009 year. With only a few weeks remaining in 2009, December happened to be one of the most active month of the passing year, with Governments around the globe completing efforts made in negotiations of Double Taxation Agreements (DTA) and Tax Information Exchange Agreements (TIEA).
In an unprecedented step, Switzerland wishes to cease ratification of its DTA with France in protest at the French authorities' handling of account ... Read More
