French Property for Sale
FAIRYTALE MANSION FOR SALE
Sumptuous mansion dating back to the 19th century offering spacious rooms, fire place, 6 bedrooms with possibility of 11 (5 rooms on the last floor to be used as the owner wishes), a guest house of 100 sqm, swimming pool, and 6 hectares of lush gardens with plenty of […]

A number of large protests led by the Panamanian construction workers union, SUNTRACS, broke out today across Panama. In Panama City, construction workers threw rocks and clashed with police in the Paitilla and Punta Pacifica sections of Panama City. Protests also broke out in the interior provinces of Panama; in the town of Santiago, the […]

Britons will effectively have to work until June 1 this year just to pay off what they owe to the government in taxes, according to the Adam Smith Institute, the free market think-tank. –more–

The Danish government presented, on 1 February 2007, a draft bill proposing substantial changes to Danish tax law, including a cut in the corporate income tax rate from 28% to 22%. The proposals also aim to introduce countermeasures against buyout funds and to make the Danish controlled foreign corporation regime EU compliant. !–more–

Mainland China and Hong Kong are striving to reach a consensus before July to give substance to a new supplemental agreement on the Closer Economic Partnership Arrangement (CEPA) between the two territories. !–more–

As expected, the European Commission has officially decided that certain company tax regimes in Swiss cantons in favour of holding, mixed and management companies are a form of state aid incompatible with the proper functioning of the 1972 Agreement between the EU and Switzerland. !–more–

As of 1 January 2007, Belgium extended the withholding tax exemption, previously applicable only to dividends distributed by a Belgian company to a qualifying EU parent company, to cover dividends distributed by a Belgian company to parent companies resident in any country with which Belgium has a tax treaty. !–more–From Sovereign Group.

A bill providing a legal basis for the setting up of a Hong Kong Port Area inside the Shenzhen Bay Port was tabled at the Legislative Council on February 7. !–more–

Cable and Wireless was last week granted a one month extension to its BVI licence to operate fixed voice, data network and international services; the company’s 40-year monopoly license expired on 31st January. !–more–

Donald Tsang has pledged to cut Hong Kong’s individual and corporate income taxes if re-elected as the Special Administrative Region’s Chief Executive next month. !–more–

The island that gave birth to the revolutionary concept of the protected cell company remains a growing captive insurance domicile ten years after the pioneering legislation was introduced. !–more–

Irish Prime Minister Bertie Ahern (pictured) and Trade Minister Micheal Martin have announced details of a EUR13.6 billion (US$17.7 billion) investment in enterprise, innovation and skills as part of the government’s National Development Plan. !–more–

US Senators Max Baucus (D-Mont., pictured) and Chuck Grassley (R-Iowa), Chairman and Ranking Member respectively of the Senate committee with jurisdiction over tax, have paid a visit to the IRS headquarters to ask senior executives at the agency what they will do this year to close the $345 billion tax gap…. !–more–

Jim Flaherty, Canada’s Minister of Finance, has released draft legislation covering several measures aimed at improving and streamlining the application of the goods and services tax/harmonized sales tax (GST/HST) with regard to Canada’s financial services sector….Learn more!

A study by advocacy group the Tax Foundation has come to the surprising conclusion that not a single US state increased its individual income tax rates during 2006….Learn more!