The United States House of Representatives has approved legislation providing for fiscal stimulus through individual tax rebates and measures aimed at encouraging small businesses to invest.
Following the publication of Sir David Varney’s Review of tax policy in Northern Ireland on 17 December, Sir David has been asked by the Chancellor to conduct a further review of the Northern Ireland economy.
Significant progress has been made in discussions on a new fiscal scheme for the Netherland Antillean islands of Bonaire, St. Eustatius and Saba after they attain a new constitutional status, it has been reported.
Ministers from European Free Trade Area (EFTA) governments agreed on the fringes of last week’s World Economic Forum annual meeting to launch free trade negotiations with India.
US Senator John Kerry (D-Mass) has this week praised the Senate Finance Committee’s inclusion of small business tax incentives in the economic stimulus package.
The Labuan Financial Centre celebrated a significant milestone in its history this week with the rebranding and launch of the Labuan International Business and Financial Centre (IBFC), a name which aims to be more reflective of Labuans new focus.
The Indian government announced last week that later this year, electronic tax payment is to become mandatory for certain groups of taxpayers.
A ten-month long tax amnesty which began last year has yielded the Russian government about USD150 million in tax after a last minute rush of declarations, it has been reported.
Ireland’s Minister for Enterprise, Trade and Employment, Micheal Martin, has announced the launch of a revised and simplified Research and Development Grant Scheme, which will make EUR500m available to companies across all sectors.
US Treasury Secretary Henry Paulson (pictured), joined Speaker Nancy Pelosi and Republican Leader John Boehner on Thursday in announcing a bipartisan agreement on an economic growth package.
