Jersey publishes action plan following G8 tax communique 12:01 GMT Jersey has issued its own Action Plan on beneficial ownership, to improve the transparency of the ownership and control of legal persons and legal arrangements, following the G8 communique on tax matters in Northern Ireland yesterday (see eprivateclient 19/06/2013).
Hollande announces CGT relief on second homes 09:02 GMT President Francois Hollande has announced a change in the capital gains tax system on second home sales to provide more fluidity in the French property market. The taper relief system is to be changed so that from 2014 the required time of ownerships before a property is completely exempt from capital gains tax will be 22 years, down from the 30 year system which was ratified in September 2012.
Swiss government looks to play leading role in tax information exchanging 09:02 GMT The Federal Council of Switzerland has accepted an initial report from a group of experts for the further development of the Swiss financial market strategy. The Brunetti report has recommended that Switzerland plays an active role in negotiating an international standard for the automatic exchange of tax compliance information.