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  • EU Raises Tax-Free Import Limits
    From December 1, 2008, new rules on tax and duty free imports entered into force in the European Union, meaning that travellers will benefit from cost savings when importing goods into Europe in their personal luggage.

  • UK Crown Dependencies Review Leader Announced
    The United Kingdom government announced on Tuesday that Michael Foot, currently Chairman of the UK office of Promontory Financial Group, will lead the independent review of British offshore financial centres announced in the pre-budget report 2008.

  • Turkey Considering Several Economy-Boosting Tax Cuts
    The Turkish government is contemplating the introduction of several new tax cuts designed to maximize the economy-boosting measures included in their new stimulus package.