Efile Taxes Direct: Tax - News .com: UK publishes a bank Levy project

New network todayThis source is published every day with new content or update selected from across our network. For a list of sites in the network, with many offering daily news, see below.14/09 Labuan, offshore investors feature

providing tax essential news and information for artists in the mobile world, entrepreneurs, contractors, professional, small businesses, sportsmen and artists.Portal network Lowtax: 'Low-tax' business and investment in instances of the top 50 in exceptional detail covered.Tax News: tax global news continuously updated by the day.Law & Tax News: data Daily new and substantive tax and legal developments on International Affairs.Offshore-e-com: a topical guide to e-commerce in the offshore focused on regulation and tax.Lowtax library: one of the largest and most authorities business and investment sources of information from the web, the.Tax US network: the taxation of the U.S. online free information resource covering: tax on corporations, tax, international tax, expatriate, sales and e-commerce tax tax investment.New! Personal business income tax guide: creating tax essential news and information on businesses for entrepreneurs, contractors, professional, small businesses, artists, sports and artists.

UK publishes a bank Levy, Robert Lee, tax - News .com, London project
Last updated 11 hours ago |Jeudi, October 21, 2010

Financial Secretary of the Treasury, Mark Hoban, announced the publication by the Government of the Bank, which was announced in June budget tax bill.

After consultation with the industry in the summer, Bill and accompanying consultation response defines the details of works in the collection in advance of the final legislation, which will be published before the end of the year.

According to the Treasury Board, the new Bank levy is intended to encourage banks to go profiles funding less risqués.La fee is expected to generate around GBP2.5bn annual revenue in 2012 - 2013.Sampling begins January 1, 2011 and will be permanent.

Mark Hoban said: "we have consulted on the design of the system so that it reaches the two objectives: firstly, to ensure that banks make a fair contribution as regards risks they present for the UK financial system and the economy more large.Deuxièmement, schema design final incentivizes banks to use more more stable financial sources such as equity, in collaboration with the grain of our wider reform agenda and long-term debt."

The Declaration of the Treasury Board did not specify the speed at which the fee will be charged, but budgetary documents June suggested that the levy is fixed at 0.04% the first year and then increase at 0.07%.

Some articles on the balance sheets of banks are supposed to be excluded from the scope of the fee, including retail deposits protected by the deposit insurance.Small banks and building societies are also likely to be excluded from the levy, while the United Kingdom foreign banks shall participate.

The British Bankers' Association stated that the levy was not unexpected by the industry as announced in the budget in June, but it has been suggested that the devil in the details of the proposal.

"We must clearly see detail today?s announcements to be able to assess their impact on the UK banking industry and our attractiveness as a global financial centre," stated the fabs.

LOWTAX libraryMore great and most authorities business and investment sources from the web, the .Aux sides of new topical information, daily on the evolution of the tax in the world, you may receive weekly press services or information update reports on a range of legal, fiscal and investment subjects access.

FREE NEW TRIAL SUBSCRIPTION

Our constantly updated intelligence reports 16 covers all important aspects of "offshore" and international tax planning in depth, including the banking secrecy EU savings tax directive funds, off the coast of e-commerce, offshore offshore and price of transfert.Les reports are available for immediate download or subscription with the new pages services.

Content of new solutions

Can your website or newsletter receive the incorporation of new updates regularly and content adapted to serve the interests of your clients? we offer a variety of new maintenance-free and can be integrated transparently and dynamically delivered content solutions:

Customized "own brand" news customized services
Content of the newsletter and the management
News Headlines Tickers