Conti and Property Tax Interntional Team Up

Overseas mortgage specialist said its partnership with PTI was of particular interest to clients who generate an income from a rental property they own abroad and have an obligation to declare it.

As part of this affiliation Conti clients can obtain a discount on Property Tax International's tax filing fees.

Spain May Be Forced To Change Their Inheritance Tax Exemptions

Recent rulings by the ECJ have seen non-resident property owners benefit from having the same tax conditions imposed as their resident counterparts in how they are taxed on caiptal gains and income tax. Now it appears that they too could benefit from having the same exemptions from inheritance tax and gift tax.

UK Tax Changes Aimed at Increasing the Non-Doms into UK Actually Slowed Down Inward Arrivals

The restrictions brought by the 'Finance Act 2008' have led to a 25% reduction in the number of non-doms applying to move to the UK.

The changes brought in were actually meant to raise an extra £650 million for the UK Treasury but has actually led to an overall rduction in taxes raised from the top earners in the country.

Spanish tax increases for high-earning contractors

The new 43% tax rate would make the Spanish system much more similar to the Italian and German tax systems. Any Italian footballer who earns more than 75,000 euros a year has to pay 43% tax, just like any other Italian citizen and in Germany, footballers' earnings that exceed 250,000 euros per annum are taxed at 45%.

4 Tax Defaulters Pay Revenue Back over €1 million each

Total refunds from Revenue's investigation has resulted in over €179.4 million being accumatled between April to June.

HMRC & IRS Deadline for Offshore Bank Users to Confess is Fast Approaching

The leniancy date in the US has been extended to Wedneday October 15th.

HMRC have given account holders until the 30th November to declare their intention of making a voluntray disclosure.

HMRC raises interest rate on late tax payments

HMRC have under fierce critisicm as rates reamain unchanged yet the Government has decided to puch ahead with the tax increase.

The chancellor, Alistair Darling, recently said in relation to the banks that "the advantage of low interest rates has to be passed on .

A Call for new Irish Income Tax Rate from Commission on Taxation

Irish Stamp duty is to be abolished replaced instead by a tax on property with an amnesty period for those who paid stamp duty in the last seven years. The long-standing Irish tax relief on patent royalties is also to be abolished as is the ceiling for employer PRSI.

Cowen has not committed to the introduction of a Property Tax but has not ruled anything out…

The Irish government needs to find new ways to increase the Irish deficit by looking at alternative solutions to increasing Irish tax revenue.

Cowen acknowledged that Ireland has one of the lowest property tax regimes in the Europe and that an introduction next year could be on the cards.

The Hunt is on for Tax Evaders!

The announcement about the list over the weekend was made by Woerth after France and Switzerland signed a double taxation treaty which is due to come into force in 2010. This will allow information to be shared to clamp down on French tax cheats and anyone else looking to avoid their obligation.

Carbon tax could be making its way to France

The government-named panel headed by former Socialist prime minister Michel Rocard recommended that the tax be paid "by everybody without exception and exemption."

Trade unions and consumers' associations have already said they oppose any new taxes for French households.

Germany considers imposing a Wealth Tax

The report concludes that property taxes should be increased and welath taxes re-introduced.

Emphasising that taxation of wealth in Germany is currently relatively low when compared internationally, the report indicates that merely bringing this taxation in line with the European average could create an additional EUR25bn for the government.