News

New Anti-Dumping Investigations Down, Says WTO 01 november 2007 The WTO Secretariat on Tuesday reported that during the period 1 January-30 June 2007, the number of initiations of new anti-dumping investigations declined sharply, dropping by 47% compared with the number during the corresponding period of 2006. The num Buffett Complains His Taxes Are Too Low 01 november 2007 President George W. Bush can expect small thanks from billionaire investor Warren Buffett for cutting his taxes, after the Berkshire Hathaway chairman once again publicly criticized Bush's tax policies for favoring the wealthy over low- and middle-income US Congress Extends Internet Tax Moratorium 01 november 2007 The House of Representatives has voted to approve new legislation that will extend the moratorium on internet access taxes at state and local government level by seven years. Millionaires Mushroom In Hong Kong 01 november 2007 Independent market analyst Datamonitor’s report, “Wealth Management in Hong Kong 2007”, forecasts that the number of dollar millionaires in the SAR is set to rise from 51,000 in 2006 to over 83,000 by 2011. The assets they hold will increas DIFX Launches Islamic Structured Products On New Platform 31 october 2007 The Dubai International Financial Exchange (DIFX) is preparing to list a range of Islamic structured products that will offer investors attractive new Shariah-compliant opportunities. Nordic Countries Sign Tax Deal With Isle Of Man 31 october 2007 An association of Nordic countries have this week concluded a package of Tax and Information Exchange Agreements (TIEA) with the Isle of Man. Czech Republic Signs Double Tax Agreement With New Zealand 31 october 2007 New Zealand has signed a double tax agreement with the Czech Republic, increasing New Zealand's network of double tax agreements to 34 countries, Revenue Minister Peter Dunne announced Tuesday. Bahamas Government Addresses Work Permit Issues 30 october 2007 The immigration policies of the Bahamas will reflect the priority needs of the Bahamian people and the jurisdiction's economy, Minister of State for Immigration, Elma Campbell told the business community Thursday. New Zealand Income Tax Bill Approved 30 october 2007 Finance Minister Michael Cullen (pictured) and Revenue Minister Peter Dunne have hailed the passage of legislation which rewrites New Zealand’s income tax law. Court Ruling Allows HMRC To Be Sued For Negligence 30 october 2007 The Court of Appeal in London has backed a taxpayer in his attempt to extract compensation from HMRC for administrative errors and delays that he claims nearly sunk his business.