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2009-09-14 11:05:00

The secretary-general of the Elysee said French President Sarkozy could walk out on next week's Group of 20 meeting if leaders fail to act on bank bonuses. In a radio interview, Secretary-General Claude Gueant -- Nicolas Sarkozy's chief of staff -- said a threat to walk out of the Sept. 24-25 G20 meeting in Pittsburgh should be taken very seriously, The Times of London reported Monday. The head of state is extremely determined as he was at the G20 in London a few months ago when he pushed for...

2009-08-14 07:00:00

GEORGE TOWN, Grand Cayman, August 14 /PRNewswire/ -- The Organisation for Economic Cooperation and Development (OECD) added the Cayman Islands to its 'white list' of jurisdictions (http://www.oecd.org/dataoecd/50/0/42704399.pdf) that substantially implement international tax standards. The Cayman Islands recognition came about after the country signed its twelfth Tax Information Exchange Agreement (TIEA) with New Zealand, on 13 August 2009. Leader of Government Business/Premier...

2009-07-16 11:52:23

Dodging tax laws costs African countries five times what they are given in aid in the course of a year, a group of seven economic watchdogs said Thursday. A study released by a collection of non-government groups called Counter Balance said loans supporting projects in Africa often go to companies that set up subsidiaries in Mauritius, an island nation off the coast of East Africa. The companies then do business in countries that have tax agreements with Mauritius, the EUobserver reported...

2009-06-19 10:47:28

The U.S. Treasury Department said Friday Switzerland had agreed to a broader tax information exchange to be signed in the next few months. The agreement comes in the wake of a tax scandal that resulted in a $780 million fine earlier this year levied on Swiss bank UBS for helping hide assets from the IRS. In a statement, Treasury Secretary Timothy Geithner said the Obama administration was committed to reducing off shore tax evasion to help ensure that all U.S. taxpayers are playing by the...

2009-06-09 04:00:00

Four step plan includes partnership with international law enforcement entities RAS AL KHAIMAH, United Arab Emirates, June 9 /PRNewswire/ -- To support the United Arab Emirates Federal Government as a partner for peace and promoter of law within the international community, we must put in place a robust action plan to stop the trafficking of arms, drugs and humans through Ras Al Khaimah. In my various trips to the United States, I have heard growing alarm from senior government officials...

2009-06-02 14:05:00

TRENTON, N.J., June 2 /PRNewswire/ -- A webcast that provides information to individual taxpayers, business owners and tax professionals interested in taking part in New Jersey's Tax Amnesty program has been posted at TaxAmnesty.nj.gov. The webcast will remain on the site until the Amnesty program ends June 15. (Logo: http://www.newscom.com/cgi-bin/prnh/20090504/NY10210LOGO ) The webcast features Mark Wintermute, administrator of the Tax Amnesty program, answering a number of questions...

2009-05-21 09:25:00

Teamsters General President Jim Hoffa Responds to Senate Committee Hearing on Proposed Trade Deal with Panama WASHINGTON, May 21 /PRNewswire-USNewswire/ -- Teamsters General President Jim Hoffa today urged Congress to reject a pending trade deal with Panama that had been negotiated and written by the previous administration. Hoffa was commenting on the Senate Finance Committee's hearing on "The U.S.-Panama Trade Promotion Agreement." "This ill-conceived deal expands the global...

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2009-05-05 21:00:00

Dutch diplomats in Washington denied Tuesday that the Netherlands is a low-tax country, saying its corporate taxes are moderate. Floris van Hovell, a spokeswoman for the embassy, said the fully transparent corporate rate is 25.5 percent, in the medium-tax rate category, Politico reported. She added the Dutch ambassador to the United States, Renee Jones-Bos, has conveyed this message to the White House, the Treasury Department and the Department of State. The diplomatic correction was a...

2009-04-03 05:35:26

Analysts quickly seized upon the Group of 20 meeting in London as exercise in rhetoric, albeit with a few sizable checks promised to salve the global economy. World leaders promised to tackle the problem of toxic assets on banks books but came away with few specifics to address the issue. Likewise, the United States' push for further stimulus spending came down to a congratulatory footnote on the $2 trillion in stimulus measures that had been already been put into play, largely in the United...

2009-03-27 13:42:26

French President Nicolas Sarkozy is prepared to renounce his princely title in the country of Andorra if banking changes do not take place, an official says. French Minister for Family Affairs Nadine Morano said Thursday if officials in the Principality of Andorra do not change the country's secretive banking laws, Sarkozy will officially drop his title of Andorra co-prince, the EU Observer reported Friday. Sarkozy currently shares princely honors in Andorra with the Bishop Joan Enric Vives...


Word of the Day
lunula
  • A small crescent-shaped structure or marking, especially the white area at the base of a fingernail that resembles a half-moon.
This word is a diminutive of the Latin 'luna,' moon.
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