Tax-News.com: A report from Guernseys Policy Council, supported in a vote by States members this week, has said that in all probability the island will have to accept an increase in the general corporate tax to 10%.
Tax-News.com: With this year’s pre-budget report to be the last before the general election, which must be called by mid-2010, it has been suggested that Chancellor Alistair Darling is likely to defer any tough decisions on tax, partly in an attempt to goad the opposition Conservatives into either condemning or supporting higher taxes on the wealthy as Britain faces a fiscal crisis of historic proportions.
Tax-News.com: Senior Congressional Democrats have unveiled legislative proposals that would give the Internal Revenue Service new tools to ‘detect, deter and discourage’ the use of foreign bank accounts for the purposes of avoiding US taxes.
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