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Merkel Hints at Buying Tax Data PDF Print E-mail
Monday, 08 February 2010 16:57

 

German Chancellor Angela Merkel has indicated her government might pay 2.5 million euros ($A3.94 million) for data - stolen from Swiss banks - which could unmask thousands of German tax cheats.

German newspapers have reported that an informant has offered a compact disc with the financial details of more than 1500 Germans who are believed to be evading tax by using the Swiss banks.

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The Greatest Tax Haven? PDF Print E-mail
Tuesday, 02 February 2010 15:59

 

Freedom isn’t some fanciful creature of the imagination, like Bigfoot. It actually exists, and I’ve seen it. For in the year of our Lord, 2006, I had the marvellous privilege of fulfilling a lifelong personal dream: the dream of travelling to an enchanted place I’d always wished to visit. Well, perhaps I’d not held the dream that long. For you see, it was roughly 6 or 7 years ago that I was reading some smashing stuff from fellow liberty lover, Ron Holland, when I happened upon a trivia question of his that gave me pause:

"What country has the world’s oldest, continuously functioning parliament?"

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EU single market needs tax co-ordination PDF Print E-mail
Thursday, 28 January 2010 17:07

 

Former EU commissioner Mario Monti gave MEPs an indication of what to expect in his upcoming report on the single market on Thursday (28 January), saying greater market integration must be complemented by "collateral policies" to avoid unintended negative consequences.

In particular, greater tax co-ordination between member states should be considered, said the Italian who formerly ruled over the EU's internal market (1995-1999) and competition (1999-2004) portfolios.

"No one wants to eradicate completely tax competition," he said, as it "disciplines member states," but policymakers should prevent a further breakdown of internal market barriers favouring capital at the expense of labour markets.

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UAE scores better on human rights issues PDF Print E-mail
Thursday, 28 January 2010 16:38

 

Dubai: Once again, the UAE has come under attack from New York-based Human Rights Watch (HRW), which has hurled sweeping accusations against the country regarding expatriate workers.

A report released by HRW in Dubai on Sunday ignored recent laws in favour of the workers. However, HRW officials admitted in private conversations that the situation had improved dramatically.

The report also said that the UAE's tolerance and ‘the positive attitude' of its government allowed the HRW to get first-hand information on the human rights situation in the country. At the same time, it criticised the authorities for "failing to adhere to international standards."

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Good life ‘turns sour’ for many expats in wake of sterling’s fall PDF Print E-mail
Sunday, 24 January 2010 19:23

 

Expatriate Britons are struggling to cope with the mostly weakening pound in a number of key offshore markets, a survey by foreign exchange provider Moneycorp has found, with those in Spain described as suffering the most.

Émigrés in Australia and New Zealand, however, appeared “relatively unaffected by the weakening pound”, the survey noted. It also found expats “hit hard” by problems in many foreign property markets. 

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