Putin's One Day in India Brought $10 Billion to Russia

Putin made a one-day visit to India on March 12. The visit resulted in the signing of more than a dozen of business contracts between Russia and India. The total amount of deals concluded in the defense industry, nuclear power and the field of telecommunications is evaluated at about $10 billion.MORE>

Ecofin Adopts Mutual Assistance Law

The European Council of Finance Ministers (Ecofin) has adopted a Directive aimed at better clamping down on tax evasion by strengthening mutual assistance between member states in the recovery of taxes.MORE>

Taxman scrutinises property amateurs

The taxman is targeting holiday-home owners and buy-to-let landlords to boost Treasury coffers as receipts fall with the rise in unemployment, accountants say.MORE>

Panama Cuts Corporate Tax

Panama’s President, Ricardo Martinelli signed on March 15 a bill to reform Panama's Tax Code, adopting several tax measures to lower the company tax burden, ensure fiscal sustainability, and simplify the tax system.MORE>

Lebedev gets Independent go-ahead

Alexander Lebedev moved closer to control of the Independent newspapers after the deal was allowed by the Office of Fair Trading (OFT).MORE>

Liechtenstein And HK Initial DTA

The Liechtenstein government has announced that negotiations for a convention for the avoidance of double taxation and fiscal evasion with Hong Kong have been concluded, and a text initialled. MORE>

Nissan Leaf electric car to be built in UK

Nissan is to build its new electric car - the Leaf - at its Sunderland plant, the Japanese company has announced.MORE>

New Zealand Adds Two More TIEAs

New Zealand’s Revenue Minister, Peter Dunne, has announced the signing of two new tax information exchange agreements (TIEAs), one with Dominica and the other with St Vincent and the Grenadines.MORE>

Stavrakis advocates no pain no gains

NICOSIA - Finance Minister Charilaos Stavrakis said on Wednesday that if the right fiscal measures were taken now the growth and prosperity of the economy would be secured for many years.MORE> 

UBS Confirms Non-US Tax Information Requests

Within its annual report for 2009, the Swiss bank, UBS, has disclosed that, following its settlement agreement with the United States Internal Revenue Service (IRS), it has received requests for information from a number of other jurisdictions relating to its provision of cross-border wealth management services.MORE>

Greece threatens to call in IMF as Europe dithers

Greece has upped the ante in an escalating game of brinkmanship, threatening to turn to the International Monetary Fund for support unless EU leaders come up with an acceptable rescue package at their next summit on March 25.MORE>

China's Economy Expected to Grow 9.5% in 2010