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Tax-News.com: Following mounting pressure from the US attorneys office, Switzerland has finally handed over to US investigators comprehensive, encrypted, banking data pertaining to eleven Swiss banks, alleged to have aided wealthy Americans to evade US taxes amounting to billions of euros.
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Tax-News.com: During her remarks at the New York State Bar Association Annual Meeting, Acting Assistant Secretary for Tax Policy, Emily McMahon, indicated that regulations for the implementation of the provisions of the Foreign Account Tax Compliance Act are in the final stages of clearance at the United States Treasury and the Internal Revenue Service.
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Tax-News.com: Invest Hong Kong has announced that it assisted 303 overseas and mainland Chinese companies to set up or expand in Hong Kong in 2011 - the 11th consecutive year that it has beaten its annual target for the number of completed projects.
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Tax-News.com: Enda Kenny and Michael Noonan have both denied talk of a second bailout for Ireland as members of the troika continue their visit to the country to evaluate its progress.
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Tax-News.com: Following the first working session of the European Council at the key summit in Brussels, President of the European Council Herman Van Rompuy outlined the main outcome of the talks, announcing that in the short term immediate action to overcome the eurozone crisis was agreed, and that in the longer term the overwhelming majority of member states united on plans for a new fiscal co
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Tax-News.com: While both United States Democrat and Republican Parties have expressed a willingness to extend, and even increase, the payroll tax cut which will otherwise expire at the end of this year, they are poles apart on how the consequent reduction in federal revenues should be funded.
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Tax-News.com: The UK faces a lost generation of wealth creators, with the 50% top rate of income tax set to push them away and cost the economy billions, a new report has said.
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Tax-News.com: With the passage of the Senate-amended bill through the House of Representatives on a bipartisan vote, the United States Congress has finally approved legislation to repeal the 3% withholding tax on payments made to contractors providing services to government entities.
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