September2013


Relief For SMEs Down Under

Posted on September 30th, by Global Tax Weekly in SMEs. No Comments

Good to see that the new, pro-business Australian Government is off to a promising start, announcing that it will attack the tendency of the tax authority to put all kind of roadblocks in the way of entrepreneurs who want to start up in business. Australia’s Treasury department is not alone in detesting small businesses; most Finance Ministries regard entrepreneurs and the self-employed as little more than thinly disguised conspiracies to rob the State, and most Finance Ministers won’t be happy until they have criminalized all tax-payers, either because they’re too poor to pay the imposts demanded of them and therefore cheat, or because they are in business, with the Government as the enemy at every turn, or because they have moved “offshore.” The situation is especially taxing for entrepreneurs when there is a left-wing Government in cahoots with the tax … Read More »


“A Rose By Any Other Name…”

Posted on September 30th, by Global Tax Weekly in Corporation Tax. No Comments

“A rose by any other name smells just as sweet” says Shakespeare in Romeo and Juliet, so we need not pay too much attention to the OECD’s declaration that Ireland is not a tax haven – and never has been. Apparently he was responding to the European Commission’s decision a week ago to begin a preliminary investigation into any special tax deals that may have been granted to multinational companies by Ireland, Luxembourg and the Netherlands, which in turn is linked to the G20′s discussions on “base erosion and profit shifting” by MNCs, and, in particular, to the recent controversies in the United States, the United Kingdom, France and Germany over the low taxes collected from American companies, such as Apple, Starbucks and Google. The EU has said nothing officially about such a probe, nor have the countries concerned. The … Read More »


Pausing, not paying tax

Posted on September 24th, by Global Tax Weekly in Economy, Individual Taxation. No Comments

I apologize for returning yet one more time to the hoary old subject of French taxation, but I can’t let Prime Minister Jean-Marc Ayrault’s pledge that there will be a “tax pause” in France, in 2015 rather than 2014, pass without comment. I am reminded of a famous speech by Charles James Fox in 1800 in which he is replying to a suggestion that the war with France should be “paused” rather than that there should be peace negotiations. Said Fox: “…. if a man were present now at a field of slaughter, and were to inquire for what they were fighting – ‘Fighting!’ would be the answer; they are not fighting, they are pausing.’ ‘Why is that man expiring? Why is that other writhing in agony? What means this implacable fury?’ The answer must be ‘You are wrong, sir; … Read More »





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