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London: Tax Capital of the World |
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Written by News Editor
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Wednesday, 10 March 2010 03:32 |
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London will become the most highly taxed financial centre in the world when the new 50 per cent income tax rate for those earning £150,000 or more comes into force next month.
Taxes will be higher than for financial workers living in the other key centres of New York, Paris, Frankfurt, Geneva, Zurich, Dubai and Hong Kong, KPMG calculated.
The findings will raise fears that Labour's levies are driving businesses and bankers overseas and threatening Britain's competitiveness.
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Last Updated on Wednesday, 10 March 2010 03:40 |
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German U-Turn On Tax Data Disc |
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Written by News Editor
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Monday, 08 March 2010 07:31 |
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In a dramatic about-turn, the German government has made known its intention to press ahead with the purchase of the tax data disc offered to federal state Baden-Württemberg. The announcement follows Baden-Württemberg’s recent – and somewhat surprising – decision not to pay for the information.
According to Michael Offer, spokesman for the federal finance ministry, the government has agreed to intervene. The federal tax office in Bonn, which normally assumes merely a coordinating role, is to liaise closely with the state ministry concerned regarding the purchase of the disc, he added.
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Written by News Editor
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Monday, 22 February 2010 17:54 |
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The financial drama in Greece has been capturing the attention of the financial media over the last couple of weeks. The majority of European countries are dealing with some crisis or another. But Poland stood head and shoulders above the crowd last year. They were the only country in the European Union to grow economically.
Poland is learning from its past mistakes and the mistakes of other countries. Its economy is beginning to get noticed as well.
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Written by News Editor
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Thursday, 18 February 2010 23:18 |
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Swiss bankers have been getting hammered by the OECD, the United States, Germany and France for their privacy.
Swiss bankers have built their reputation on banking privacy and confidentiality over a long period of time. This has not been some recent trend with which to exasperate foreign governments. Confidentiality has been a bedrock promise of Swiss banking.
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Last Updated on Friday, 19 February 2010 16:50 |
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Belize Expects to Comply With OECD Rules |
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Written by News Editor
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Friday, 12 February 2010 16:25 |
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Belize is announcing that it expects to meet the OECD deadline to comply with international tax standards. The OECD and tax cartel are seeking to turn small nations like Belize into vassal tax collectors. Compromise with the OECD is a sure way to put remain a third world nation.
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Last Updated on Friday, 19 February 2010 16:49 |
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