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Deloitte | France Tax Alert - 22 December 2011 | International Tax

By Sarvi Keyhani and Pascale Prince

"A measure definitively approved by France’s Parliament on 21 December 2011 will increase the taxable base on which registration duties are computed when shares of a French real estate company
(including a foreign company qualifying as such) are sold. The new rules, which
apply as from 1 January 2012, will have a detrimental effect on the transfer of
shares in companies specialized in the real estate investment industry, as well
as any “property-rich” entity."

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Amazing Offshore Cloud Computer Tax Savings at International Tax Counselors Blog

"Provocative News of American Tax Law by Brian Dooley, CPA, and MBT..."

 

"Cloud systems have major and unique tax savings. These tax savings exists because our tax code has its genesis in the 1930’s with no changes for this century.  "

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Isle Of Man's Tax Regime Vindicated

Tax-News.com delivers news headlines and features on international tax, law, politics, economics and trade.

"The Isle of Man government has welcomed final confirmation that the scheduled withdrawal of the island's attribution regime for individuals (ARI) will bring the territory's zero-ten corporate tax regime into compliance with the European Union's Code of Conduct for Business Taxation.

Endorsement of the EU Code Group’s recommendation to this effect had been expected from ECOFIN, the EU’s Economic and Financial Affairs Council, in January but came earlier than anticipated on December 19, 2011, in a meeting of the European Environment Council.

Abolition of the ARI from April 2012 was announced in the Manx Budget in February this year and endorsed overwhelmingly by the island's legislative assembly, the Tynwald. In September the Code Group, which monitors compliance with the EU Code of Conduct for Business Taxation, agreed in principle that the island’s business tax system would no longer be considered harmful if it went ahead with the proposed repeal of ARI.

The Isle of Man's Chief Minister, Allan Bell welcomed the announcement, stating: “Confirmation from Brussels was not expected until the New Year so today’s news is a welcome Christmas surprise for the Isle of Man. The outcome of this process is a further endorsement of the island’s policy of responsive engagement with international scrutiny while always seeking to defend our own strategic interests.”"

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Global Trade Unions support CSO proposals to address corporate tax dodging

Global Trade Unions support CSO proposals to address corporate tax dodging | International Tax | Scoop.it
Crucial practical recommendations of global trade unions include taxing profits where they are generated and ensuring corporate and financial transparency.
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Diving into the rich pool

Diving into the rich pool | International Tax | Scoop.it
ASKED why he robbed banks, Willie Sutton, a hold-up artist of some accomplishment during America’s Depression, answered simply: “Because that’s where the money is.” Advanced economies that have piled up debts are eyeing their rich for similar reasons. The way to begin filling holes in the budget, many suggest, is by extracting more from those who have done best. This week Barack Obama proposed paying for new stimulus measures and deficit cuts by reforming the tax system to ensure that millionaires do not pay a lower tax rate than middle-class families.  Mr Obama’s reform is based on the “Buffett rule”, so named after Warren Buffett, a folksy billionaire who publicly scorns a system that allows him to enjoy an effective tax rate that is less than his secretary’s. A growing number of the rich appear to agree. Wealthy Germans and French have signed petitions in favour of higher taxes. Luca di Montezemolo, who sells Ferraris to many of them as chairman of the Italian sports-car company, told La Repubblica it was “right” for the rich to pay more. The broader public agrees. Even in tax-hating America, some two-thirds of voters support deficit-reduction plans that include higher tax rates for top earners.
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Cayman Named Top Hedge Fund Domicile

Tax-News.com delivers news headlines and features on international tax, law, politics, economics and trade.

"The Cayman Islands was named as the most favoured domicile for hedge funds in the recent Hedge Funds Review’s Service Provider Rankings.

In the survey, the Cayman Islands was found to be the most favoured domicile in terms of the quality of service provided by local practitioners, followed by Luxembourg and Ireland, ranking second and third respectively, according to the feedback received. The survey results were based on the opinions of more than 1,000 hedge funds, funds of hedge funds (FOHFs) and investors (for example, family offices, pensions funds, sovereign wealth funds, insurance companies, asset allocators) who invest into hedge funds, or asset managers allocating to hedge funds and FoHFs."

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Is Switzerland Losing Its Status As an International Tax Haven? @PolicyMic | John Giokaris

Is Switzerland Losing Its Status As an International Tax Haven? @PolicyMic | John Giokaris | International Tax | Scoop.it
Amid international pressure and global efforts to crack down on tax evasion, Switzerland is being forced to reexamine the future of its age-old practice of banking privacy.
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