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2011

Luxembourg Tax Developments

December 25, 2011

We highlight some recent developments in Luxembourg, including the treaty with Barbados, transparency and exchange of information, and the new social security parameters. Treaty between Luxembourg-Barbados Enters into Force The income and capital tax t...

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Posted in 2011, 737, 83, eur, index, Information, Social |

United Kingdom-Hungary: Tax Treaty to Enter into Force

December 25, 2011

Her Majesty’s Revenue & Customs (HMRC) in the United Kingdom has confirmed that the new income tax convention between the U.K. and the Republic of Hungary, which was signed in Budapest on 7 September 2011, will enter into force on 28 December 201...

Posted in 2011, 2012, April, convention, HMRC, Hungary, Income, Tax, UK |

United States: USCIS Invites Business Leaders to Advise on Immigrant Entrepreneurship

December 22, 2011
United States: USCIS Invites Business Leaders to Advise on Immigrant Entrepreneurship

USCIS hopes that participants in the Entrepreneurs in Residence program will provide private-sector expertise in immigrant entrepreneurship and related business issues. Applications for the three-month residencies are due December 31, 2011. USCIS is seeking business leaders to serve in the Entrepreneurs in Residence program, a new initiative that seeks to use private-sector experts to advise...

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Posted in 2011, agency, Applications, Business, entrepreneurs, FEM Global Immigration News, Program, Residence, United States, USCIS |

United States: Guidance on Reporting Requirements of Foreign Financial Assets

December 18, 2011

On December 14, 2011, the U.S. Department of the Treasury and Internal Revenue Service (IRS) released temporary regulations (T.D. 9567)1 relating to provisions of the Hiring Incentives to Restore Employment (HIRE) Act that require foreign financial ass...

Posted in 2011, assets, december, financial, Foreign, IRS, provide, Regulations, United States |

United States: Update on 2012 Standard Mileage Rates

December 14, 2011

On December 9, 2011, the U.S. Internal Revenue Service (IRS) released an advance copy of Notice 2012-1 providing the standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, medical, moving,...

Posted in 14, 2011, 2012, Business, cents, charitable, mile, Rates, Uncategorized |

France: Tax Developments

December 10, 2011

Some proposed measures in France’s draft Corrective Finance Law for 2011 could impact individuals and their multinational employers. Among these are proposed “freezes” in the rates and brackets for personal income tax and inheritance and gift tax...

Posted in 2011, 2012, Finance, France, Law, Measures, percent, rate, Tax, Uncategorized |

Romania: No Work Permits Available for Intracompany Transferees Until Next Year

November 25, 2011
Romania: No Work Permits Available for Intracompany Transferees Until Next Year

Romania has exhausted its 2011 work permit quota for intracompany transferees and will not accept any new applications until 2012. Pending intracompany transferee work permit applications will be denied. The Romanian immigration authority announced on November 8, 2011 that it met the 2011 quota for intracompany transferee work permits. As a result, no work...

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Posted in 2011, 2012, Applications, Available, FEM Global Immigration News, Intracompany, Permits, Quota, Romania, Work |

Norway and 2012 Budget

November 16, 2011

On 6 October 2011, Norway’s government presented to parliament the Budget Bill for 2012. In this article we highlight some of the key measures impacting individuals and their multinational employers. The proposed changes, unless indicated otherwise,...

Posted in 000, 2011, 2012, Income, km, nok, Norway, Proposed, Tax |

Cyprus Tax Measures in Austerity Package

September 27, 2011

In Cyprus, there have been several statutory changes (enacted on 26 August 2011) to the country’s tax laws. We highlight key changes potentially affecting individuals and their multinational employers. 1 Tax Rate Increase The top income tax rate for ...

Posted in 2011, contribution, Cyprus, defence, Income, percent, Special, Tax, Uncategorized |

Cyprus Tax Measures in Austerity Package

September 27, 2011

In Cyprus, there have been several statutory changes (enacted on 26 August 2011) to the country’s tax laws. We highlight key changes potentially affecting individuals and their multinational employers. 1 Tax Rate Increase The top income tax rate for ...

Posted in 2011, contribution, Cyprus, defence, Income, percent, Special, Tax |

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