Is Government procurement a non fiscal incentive?
Government Procurement contracts is a very powerful, and yet often untapped, policy leaver to drive economic growth and development.
Tag: Tax
The German Startup Monitor 2017: What you need to know about the German startup environment
Where are most of the startups founded and how many employees do they employ on average? Where are the startup strongholds in Germany? What about women and foreigners as founders and how are startups in Germany financed? These and other questions are answered by the “Startup Monitor” (DSM) from the Bundesverband Deutscher Startups e.V. This article shows the most important
International Financial Services: Dubai and Abu Dhabi authorities collaborate
This collaboration has at the heart of it the application of the highest global standards, standards which are being used as a means to maintaining competitiveness. Given the greater scrutiny that jurisdictions that operate international financial services centres have come under in recent times expect to see more of these types of collaborations.
China Makes Changes To Its Dividends Tax
In a move to further encourage the development of China’s stock markets and long term investment, the government in this move is trying to discouraging something that has plagued western markets – short term speculation.
Poker players must pay taxes on their winnings in Germany
By: Rechtsanwalt (Attorney) Carsten Lexa, LL.M. The German finance court of Cologne has ruledthat poker is a game of skill. The ruling is in response to poker player Eduard Scharf´s claims that his poker winnings shouldn’t be taxed because poker is a game of chance, and “anyone can win a game of poker.” The court disagreed, ruling that “he had to pay
What Is The Best Way For Governments To Combat Global Tax Evasion?
Given the state of the global economy and the fiscal constraints many governments find themselves one would reasonably think that all is being done to locate, account and tax these monies? With a conservative $21 trillion out there, the results so far speak for themselves.
Value In Use Or Value In Exchange, A Serious Tax Issue To Consider Before Bartering
By: Ainsley Brown In a previous post, As companies battle the recession, bartering comes in handy, Carsten Lexa a contributor here at Commercial Law International, gave us an introduction to bartering schemes and their advantages for cash strapped businesses battling the global recession. This piece is an attempt to build on his fine work by expanding the discussion into the
The UK Extents Tax Amnesty
By: Ainsley Brown In a very surprising move HM Revenue & Customs (HMRC) has extended it tax amnesty program – the New Disclosure Opportunity (NDO). The NDO was set to expire on November 30 of this year but has been extended to January 4 of next. Under the program tax payers with undisclosed offshore accounts nestled away in any number
Jamaica To Hire Baker & MacKenzie As Financial Centre Consultants
By: Ainsley Brown Jamaica is set to hire global legal giant Baker & MacKenzie (Baker) as its consultant on its new International Financial Centre (IFC). The deal, the details of which are still immerging, is subject to Cabinet approval and would see Baker advising the Jamaican government on the best ways to implement the IFC in this current economic climate.
UK Taxman Hits YouTube
By: Ainsley Brown The UK taxman is now using YouTube to get its message across. I mean literally the “UK Taxman” – Permanent Secretary for Tax in HM Revenue & Customs (HMRC), Dave Hartnett. And what is his message. Well you guessed it, pay your taxes or else. Yes I know, that’s just a little bit too simplistic but it