United States: Obama Proposes “Middle Class” Tax Increases At Death

The prospects of significant tax legislation this year are low. Nevertheless, when the President proposes “tax reform” it makes headlines. The Obama administration’s latest tax proposals for fiscal year 2016 would increase dramatically both the rates of transfer/income taxation at death and the number of people subject to those higher taxes in the event of a family member’s death.

Since 2011, the lifetime federal estate tax, gift tax, and generation-skipping transfer (“GST”) tax exemption equivalents […]

By |April 2nd, 2015|

Cyprus: Negotiations In Progress For A Double Taxation Agreement Between Cyprus And Barbados

The Barbados Government Information Service has announced that negotiations are in progress for a double taxation agreement between Cyprus and Barbados, as well as for co-operation in other areas, such as tourism.

At a recent meeting with the Barbadian Prime Minister the Cyprus High Commissioner to Barbados expressed his optimism that a double taxation agreement could be signed during 2015.

The two countries have a great deal in common: both are former British colonies that achieved […]

By |April 2nd, 2015|

UK: Budget 2015: ‘Austerity To Prosperity’ For The North?

Following Chancellor George Osborne’s Budget announcement in which he delivered a number of actions for the creation of a Northern Powerhouse and for ‘building a truly national recovery’, our key regional people comment on what impact these may have on the North of England.
£11.2m in Tech Hubs: Manchester, Leeds and Sheffield
Julian Hunt, Technology, Media and Telecommunications Partner:

“Technology clusters are important to the success of the UK digital economy and this support for tech incubators […]

By |April 2nd, 2015|