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Tax

UK financial services tax contribution continues to grow

The UK financial services sector contributed an estimated £63bn in UK government taxes in the 2010/11 financial year, accounting for 12.1% of total UK tax revenue, according to a report for the City of London Corporation by PwC.

16 Dec 2011
The financial centre of City of London with Swiss Re Building and London bus
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Swiss and UK tax deal chips away at anonymity

The recent tax deal between Bern and London still allows UK taxpayers with undeclared Swiss accounts to remain anonymous, but a lawyer says finer details contained in the agreement published last week suggest opting for secrecy will generally cost them more in the long run.

18 Oct 2011
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Guernsey strikes TIEA deal with Slovenia

Guernsey has signed a Tax Information Exchange Agreement (TIEA) with the Republic of Slovenia, the third TIEA signed by the island in under a month.

03 Oct 2011
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Credit Suisse predicts more volatility and illiquidity under transaction tax

Swiss bank Credit Suisse has warned volatility could rise, and liquidity fall, if plans of the president of the European Commission to tax many EU financial transactions go ahead.

29 Sep 2011
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Papers react to Barroso's 'Tobin Tax' proposals

President José Manuel Barroso has outlined a proposal by the European Commission to introduce a new tax on financial transactions, which could raise over €55bn annually.

28 Sep 2011
lyndon-trott-chief-minister

Guernsey extends TIEAs to Czech Republic and Bahamas

Guernsey has signed Tax Information Exchange Agreements (TIEAs) with the Czech Republic and the Bahamas.

19 Sep 2011
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France critical of UK and German tax secrecy deals

The French politician responsible for coordinating France’s efforts to combat tax evasion, François d'Aubert, has attacked the tax agreement recently made between the UK and Switzerland, according to French financial paper Les Echos.

26 Aug 2011
tax-pound

The UK/Swiss tax agreement - the legal advice

The British government has announced a deal with their counterparts in Bern, to recoup up to £5bn unpaid tax from UK taxpayers in undeclared Swiss bank accounts. Below, lawyers Withers LLP explain how the agreement works, and what advisers and their affected clients can do.

25 Aug 2011
james-badcock-collyerbristow-llp

Swiss advisers face extra workload after UK tax deal, warns lawyer

Switzerland’s banks and asset managers face the potential of a greater administrative burden in regards their UK clients, after a tax deal announced yesterday between authorities in London and Bern, according to a Swiss-based lawyer who advises on UK tax.

25 Aug 2011
eye-microscope

London deals another blow to Swiss tax haven reputation

The UK has become the second country this month to strike a tax deal with Switzerland’s government, and David Cameron’s government says it could capture up to £5bn revenue as a result.

25 Aug 2011
The Houses of Parliament and Big Ben

UK would veto EU financial transaction tax, says London paper

The UK government is understood to be prepared to shoot down proposals for a financial transaction tax being mooted by Germany and France.

18 Aug 2011
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Crown dependencies look to Asia for business

Guernsey administrator opens in China, Jersey funds administration recovers to pre-recession levels while Asian bank deposits rise, IoM signs TIEAs with Japan and Indonesia, more planned with Europe.

24 Jun 2011
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Pia Nilsson's challenges

Pia Nilsson, managing director of the Swedish Investment Fund Association (Fondbolagens Förening)has plenty on her plate this year with UCITS developments, local fiscal objectives, and managing expectations around a proposed new investment savings account.

29 Mar 2011
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Dutch Parliament calls for bonus punishments

Members of the Dutch Parliament on Tuesday 22 March called for bonus payouts to executives at bailed-out institutions in the country to be hit with a 100% tax.

22 Mar 2011
liechtenstein

Sweden proposes TIEA with Liechtenstein

Sweden’s Ministry of Finance has put forward a proposal for a tax and information exchange agreement with Liechtenstein, to be considered by the country’s Parliament.

22 Mar 2011

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InvestmentEurope Fund Selector Forum Sweden

InvestmentEurope's country specific forum for Sweden takes place in Stockholm on 24 April 2012

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InvestmentEurope Fund Selector Forum France

InvestmentEurope's country specific forum for France takes place in Paris on 22 May 2012.