Archive for the ‘Taxprecision news’ Category

International Monetary Fund Report – Qatar Selected Issues

Friday, February 3rd, 2012

Qatar Selected Issues

This Selected Issues Paper on Qatar was prepared by a staff team of the International Monetary Fund

as background documentation for the periodic consultation with the member country. It is based on

the information available at the time it was completed on January 17, 2012. The views expressed in

this document are those of the staff team and do not necessarily reflect the views of the government

of Qatar or the Executive Board of the IMF.

The policy of publication of staff reports and other documents by the IMF allows for the deletion of

market-sensitive information.

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NEW TAX AND FINANCIAL MEASURES ADOPTED BY THE SPANISH GOVERNMENT

Friday, January 27th, 2012

A BRIEF SUMMARY OF THE NEW TAX AND FINANCIAL MEASURES ADOPTED BY THE SPANISH GOVERNMENT

On December 30th 2011 the newly elected Spanish government approved Royal Decree 20/2011 enacting a first package of urgent tax and economic measures to correct the Spanish public deficit.

Among these measures, international private clients should be aware of the following tax resolutions: (more…)

Asking HMRC for Advice; Inheritance Tax – Documenting Lifetime Transfers; Stamp Duty Land Tax

Wednesday, January 25th, 2012

The following articles appeared in Tax Insider:

Sleeping with the Enemy – Asking HM Revenue and Customs for Advice on Tax

By James Bailey | April 2010

James Bailey points out that free advice is not always the best advice. (more…)

Spanish Tax Rise. Happy 2012

Sunday, January 1st, 2012

The rise of Spanish Income Tax to 50% for higher tax payers, coupled with a 27% for interest, dividends and gains above 24k Euros, the increase of Council Tax and the resurrection of Wealth Tax is making Spain inhabitable.

Instead of reducing superfluous expenditure in the five layers of administration, i.e European, national, regional, provincial and local, the Conservative party is now threatening executives, entrepreneurs and investors with this so called ‘solidarity’ fiscal policy.

The measures aimed to collect circa 6,000 millions Euros barely equals the 6,000 millions Euros ‘given’ yearly to the Catholic Church and fall short of the circa 20,000 millions ‘donated’ to the banking system.

Meanwhile, almost 5 million former workers are at home. In this first day of 2012 I wish we are able to reclaim our fiscal common sense.

Mass Media, Personality Rights and European Conflict of Laws by Thomas Thiede, Colm McGrath :: SSRN

Monday, December 26th, 2011

As reported by Conflicts of Law, the article critically analyses the current approach of the European Court of Justice (ECJ) alongside the proposed alternatives to a unified European conflict of laws rule dealing with the problem of cross-border infringements of personality rights. Having exposed the weakness of these approaches they set out one suggested path for reform.

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The Life and Work Balance Concept is Outdated

Thursday, December 22nd, 2011

Although this is not a tax topic, it will influence the way we think and will probably make life less taxing. The authors of Tribal Leadership declare work-life balance as a nonsense concept. According to them if you let it, it will damage your career, hurt your family, make your life mediocre and make you feel guilty all the time.

The article published recently in Money Watch is included below.

In 2000, my Tribal Leadership co-author John King and I devoted a chapter in The Coaching Revolution to why work-life balance was an idea whose time had passed. More than a decade later, with global social and economic problems on the rise, it’s time to leave the “work-life balance” concept on the scrap heap of history and move on to a better model. For those who have been living in a cave for the last 20 years, work-life balance is the idea that work and life are two different spheres, both wanting more time than you have to give.

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U.S. Court Rules Email Interception Order Violates Public Policy

Monday, December 19th, 2011

As reported in Conflict of Laws the interception of email communications by any Government may be deemed illegal in the US.

On July 22, 2011, the U.S. Bankruptcy Court for the Southern District of New York held in In re Dr. Jürgen Toft, Debtor in a Foreign Proceeding that a German Mail Interception Order issued in the context of German insolvency proceedings violates U.S. public policy and would thus be denied recognition. (more…)

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