Tax-News.com: On 24 March 2010 the EFTA Surveillance Authority closed a complaint against Iceland
that it received in June 2006 concerning the taxation of capital gains from the
sale of owner-occupied residential real estate. Such capital gains are, in Iceland,
subject to tax if the seller has owned the real estate for less than two years.
Tax-News.com: The UK tax authority, HM Revenue and Customs, has announced
changes to the VAT exemption for sports-related services, to be introduced from
September 1, 2010.
Tax-News.com: If the European Commission or the US imposed a carbon tax on imports as planned, India would fight its case vigorously under the disputes resolution procedures available at the World Trade Organization, said Indian environment minister, Jairam Ramesh.
Tax-News.com: Hong Kongs Film Development Council began to implement measures to
enhance the operation of the Film Development Fund scheme from March 31,
and applications for the financing of film productions under the enhanced scheme
are now being invited.
Tax-News.com: Austrias Finance Minister Josef Pröll is proposing to levy a tax not
merely on the countrys banks, but also on any speculative activities.
Tax-News.com: The UK government’s determination to press ahead with plans to
restrict pension tax relief for higher earners will create an
administrative nightmare for all concerned and undermine the proposal’s
original policy objective, it has been argued by tax experts and the pensions industry.
Tax-News.com: Flagstone Reinsurance Holdings Limited, a global reinsurance and insurance company, has announced plans to change the company’s place of incorporation from Bermuda to Luxembourg.
Tax-News.com: The Center for Freedom and Prosperity has proposed that
the increasingly complex US Internal Revenue Code be replaced by a flat tax that would dramatically simplify the US tax system.
Tax-News.com: The UK government on March 25 announced the signing of a Tax Information Exchange
Agreement with Belize, which will allow the sharing of information between the
respective countries tax authorities on civil and criminal tax matters.
Tax-News.com: The Organisation for Economic Co-operation and Development has developed a new approach to negotiating tax information exchange agreements involving multilateral negotiations, in order to assist developing countries with resource constraints.