Dzień: 19 grudnia, 2014

If the petitioners collect within one year 100,000 signatures, their address will be analysed by the expert commission, headed by Minister for Open Government Mikhail Abyzov, ITAR TASS reports.

The Finance Act 2012 introduced the UK Patent Box whereby, for accounting periods beginning on or after 1 April 2013, a company may elect for so much of its profits as arise from the exploitation of relevant patents to be brought within the new tax regime which, in broad terms, aims to reduce the effective rate of corporation tax on such profits to 10%.

Last month, the Spanish Government passed intellectual property (IP) legislation colloquially dubbed, the “Google Tax.” The law fines internet aggregators like Google which display extracts of Spanish news agencies‘ articles in search results.

Crowdfunding as an alternative way of financing a business or project is growing rapidly both internationally and in Ireland. Globally the market is estimated to be worth $15 billion, representing a huge opportunity for up-and-coming businesses and platforms.

Europol and US Immigration and Customs Enforcement (ICE) Homeland Security Investigations (HSI), together with 25 law enforcement agencies from 19 countries, have seized 292 domain names that were illegally selling counterfeit merchandise online to unsuspecting consumers, Europol said on December 1 2014.

Ireland has maintained its position for a second year as the 18th best country for protecting property rights in the globe according to the influential International Property Rights Index (IPRI).

President Putin’s surprise amnesty allowing Russians with cash stashed abroad to bring it back home with no penalty may be a windfall, but then maybe not. The US, Mexico, Italy, Kazakhstan, and many others have tried it with varied success.

On December 23, Kyrgyzstan will sign treaties on accession to the Customs Union and Common Economic Space of Russia, Belarus and Kazakhstan at a summit of the Eurasian Economic Union, Kyrgyzstan Economy Minister Temir Sariyev said. The Eurasian Economic Union will start operating from January 2015 and provide free movement of goods, services, capital and workforce.  According to EEU founders, membership is open to other states that share their goals and principles.

Russia’s central bank has admitted it intervened to support the rouble in foreign currency markets last week spending a total of $4.53bn (£2.9bn). It has spent more than $70bn supporting the rouble since the start of the year.

European Commission president Jean-Claude Juncker has indicated he will try and get around member states’ veto powers over fiscal issues when he proposes new laws to clamp down on tax avoidance. In an interview with the Frankfurter Allgemeine Zeitung, he said he may use a majority vote to get a forthcoming law on the automatic exchange of tax rulings (letters that give companies favourable tax conditions) passed.

French pharmaceutical company Flamel Technologies is to shift all its intangible property from Ireland to France as a part of a global reorganisation. The deal wil result in a one time tax payment of $14 million to the French government, and the intangible property Flamel will move includes patents on its drug delivery platform technologies, clinical data sets and other intangible assets related to its pipeline of proprietary products in development.

A presentation in Dublin on international tax and Ireland by free market lobbyists Americans for Tax Reform (ATR) chaired by Eamon Delaney – urging Ireland to resist EU tax harmonisation, keep our 12.5 per cent (and usually a lot less) corporation tax rate.

American citizens must pay their fair share of tax, the US ambassador to London warned today as Boris Johnson refuses to hand over more than £100,000. The American-born Mayor of London has said it is outrageous that the taxman in the US is chasing him for unpaid bill worth hundreds of thousands of dollars.

France sought on Tuesday to keep alive a disputed financial transactions tax after 18 months of talks failed to produce a deal that would force banks blamed for causing the financial crisis to help pay for the clean-up.

For the very first time, Free Market Road Show hits the American soil on November 11 in Lubbock, Texas. The panel discussion organized by The Austrian Economics Center and co-sponsored by The Free Market Institute focused on the European economic and political experience following the onset of the international financial and economic downturn. Each speaker addressed different aspects and what caused the crisis and the role that government fiscal, monetary and regulatory policies have played in prolonging – and, in some cases, worsening – economic conditions throughout the European Union and in countries on the periphery of the European Union.

America’s nominal corporate tax rate is almost 40pc, the highest in the OECD. The Americans for Tax Reform group wants the rate cut to make it more competitive. „As a result of our high corporate rate and our global taxation system, American companies are at a strong competitive disadvantage,” ATR chief of staff Christopher Butler said at an event in Dublin yesterday.

While corporation tax payments in the UK have declined by 7.4% (£0.5bn) on last year, this was driven largely by high operating costs and capital investment in 2014, and by lower tax receipts from the North Sea companies. Stripping out oil & gas companies, corporation tax actually increased by 6.7%, according to a survey by PwC.

The top 10 happenings around the world in the global freedom movement featuring the work of Atlas Network partners.