Los impuestos en el mundo. Actualización al 28-Nov-2011

Canada Canada Legislates For Panama, Jordan FTAs Canada's implementation of its free trade agreements with Jordan and Panama will result in expanded opportunities in priority regions, benefiting the country's business and workers, the minister in charge has said. Canada Claims Win In WTO Case Against US The World Trade Organization's ruling that the US Country-of-Origin Labelling measure is inconsistent with its WTO trade obligations is a 'clear victory for Canada’s livestock industry', according to the Canadian government. China China Pushes For Faster Asian Trade Liberalization China’s Premier Wen Jiabao, in his speech to the 14th Association of Southeast Asian Nations Plus Three Summit in Bali on November 18, 2011, proposed that the participating countries should look to accelerate and deepen regional trade liberalisation and facilitation. China Confirms VAT Pilot In Shanghai China’s Ministry of Finance and the State Administration of Taxation have confirmed that, from January 1, 2012, the pilot scheme to replace the existing business tax on the country’s service sector with value added tax will start in Shanghai. US, China Conclude Joint Commerce and Trade Meeting American representatives at the 22nd session of the United States-China Joint Commission on Commerce and Trade, held in Chengdu, China, announced meaningful progress on key elements of the bilateral trade relationship, but also underscored that much more work remains to be done to open China’s market to US exports and investment. Hong Kong, China Renew Currency Swap Agreement It has been announced that the People's Bank of China and the Hong Kong Monetary Authority have signed a renewed currency swap agreement for a term of another three years, with its size expanded to RMB400bn. EU Italy Taken To EU Court Over Ship VAT Exemptions The European Commission has decided to refer Italy to the Court of Justice over the terms of the value-added tax exemption it grants to ships. Japan Japan Looks Again At Future Consumption Tax Rises Following parliamentary approval for the third and largest reconstruction budget on November 21, political discussion in Japan has returned to Prime Minister Yoshihiko Noda’s intentions regarding the proposed increases to the rate of consumption tax. Taiwan Ratifies Investment Agreement With Japan The investment agreement between Taiwan and Japan, which, it is hoped, will greatly enhance their bilateral economic and trading relationship, has been approved and ratified by Taiwan’s parliament, the Legislative Yuan. UK 'Scrap APD', UK Airline Bosses Say The negative impact of air passenger duty on the UK economy outweighs any benefit from the revenue raised, four leading airline chiefs have said, calling on the government to axe the levy. UK Mulls General Anti-Avoidance Rule The introduction of a narrowly focused general anti-abuse rule will lead to a fairer, more principled and simpler tax system in the UK, according to a new report published for the government. Caymans Question UK Fiscal Proposals The Cayman Islands government says it supports a document drafted by the UK's Foreign and Commonwealth Office requiring the administration in the Cayman Islands to manage the territory's fiscal affairs prudently, but has serious reservations over some elements of the plan. UK Austerity 'The New Normal', Think Tank Says It is unrealistic to expect an instantaneous and painless economic recovery in the UK, a new report has said, arguing that a consistent and transparent tax environment is a fundamental characteristic of a dynamic growth economy. UK Launches New Offshore Tax Unit A new specialist unit targeting those with undecalred offshore income has been launched by the UK tax authority, HM Revenue and Customs. UK Tax 'Drives Away Wealth Creators' The UK faces a lost generation of wealth creators, with the 50% top rate of income tax set to push them away and cost the economy billions, a new report has said. US Switzerland To Amend US Mutual Assistance Order Switzerland’s Federal Council has recently approved an amendment to the ordinance on the bilateral double taxation agreement between Switzerland and the United States dating back to 1996, to ensure that the procedural rights of affected persons domiciled in the United States remain guaranteed even if administrative assistance requests are submitted based on certain patterns of behaviour. US Deficit Committee Fails To Agree After the news that the level of United States public debt had already surpassed USD15 trillion, it was the turn of the Congressional Joint Select Committee on Deficit Reduction to announce that it had not been able to agree a plan for United States fiscal deficit reductions over the next decade, before its deadline of November 23. South Korea Finally Approves FTA With US South Korea’s ruling Grand National Party has lost patience with the continued opposition of the Democratic Party and has pushed the South Korea–United States free trade agreement through parliament using its absolute majority. Study Urges Rethink Of US International Taxation In the opinion of a new study by the Tax Foundation, the current system for taxing United States companies operating abroad needs root-and-branch reform, as its provisions applying to companies operating abroad have created distortions and inefficiencies that are a drag on their development, both overseas and at home. Otros temas Swiss Bankers Wary Of Withholding Tax Changes While acknowledging the need for changes, the Swiss Private Bankers Association has warned that a hasty reform of withholding tax in the Confederation could have serious long-term consequences for the Swiss financial centre.