News

Sustaining success

For a number of years, Cyprus has been considered a popular location for foreign investment. Its status as a former British colony and its stable tax system has proved to be an attractive opportunity for overseas investors, but there’s much more to this island than investment opportunities. An array of important factors contribute to the…

Obama sees climate deal as summit deadline nears

US President Barack Obama has expressed confidence a climate deal can be clinched as dozens of world leaders gather on Wednesday to try to break a deadlock at UN climate talks. “The president believes that we can get an operational agreement that makes sense in Copenhagen,” White House spokesman Robert Gibbs told a briefing in…

Towards a milder tax climate

Meteorologists see global warming as a threat. Tax practitioners in Germany see it as beneficial, certainly in the light of its effects on the tax climate. Traditionally, Germany has been ranked as a country with high direct, but relatively low indirect, taxation. That changed, however, in 2008 with a cut in the corporation tax rate…

UK’s Darling says PBR will reassure markets

The Labour government’s plan to halve the budget deficit over four years will soothe market concerns about Britain’s debt burden, finance minister Alistair Darling told reporters in an interview on Thursday. Government bond futures fell sharply, however, a day after Darling delivered a pre-budget report that shied away from detailing exactly how he plans to…