According to figures published by Eurostat on Thursday, the weighted tax-to-GDP ratio (i.e. the total amount of taxes and social security contributions) in the EU27 increased to 39.9% in 2006 from 39.3% in 2005.
Newly available data from the US Internal Revenue Service has revealed that a one-time dividend deduction offered in a 2004 tax bill provided just 843 corporations with deductions totaling USD265bn, according to an analysis by Grant Thornton.
Liechtenstein has set out the goal of applying leading standards in the fight against money laundering and financing of terrorism by implementing the 3rd EU Money Laundering Directive of the EU, according to the jurisdiction’s government.