Gibraltar's deputy chief minister Keith Azopardi told a gathering in London he expected the package of reforms to be approved by the EU, the FT reported today.
Pressure on the UK colony to reform its policies originally came from the OECD in its drive to eliminate harmful offshore tax practices and improve transparency.
It was stepped up when the European Commission launched a state aid inquiry into the planned reform of Gibraltar's company taxation laws.
The main point of contention is the concession granted to offshore companies that allows them to pay no tax for 25 years, while local companies are subject to tax at a rate of 20% to 35% on profits
The reforms entail the abolition of company profits taxation, replacing it with a payroll tax, (£3,000 per employee), and a business property occupation tax. Financial services and utilities would face top-up taxes on profits at 8% and 35% respectively.
The Role Ideal candidate would be CTA/ACA/ACCA qualified, with experience of personal and corporate taxes. Relevant management experience is required. Â The role is working on a mixed portfolio, with a broad range of clients ... more >
Newly Qualified Accountant, London, £Competitive Walk, run, fly? At Ernst & Young we have a huge range of opportunities for ACA and ACCA qualified accountants. Now that you are qualified, you can decide what you ... more >
Financial Director Designate, Brighton, £Competitive  Green Technologies Company based in Brighton requires an experienced, qualified accountant. Applicants should be proven leaders with sound commercial judgment. Strong systems background together with good knowledge of Excel, Word and ... more >
Sevenoaks, United Kingdom | The Royal London Society for the Blind
Financial Accountant, Nr Sevenoaks, £29,246 - £35,937 Royal London Society for the Blind are seeking an experienced Financial Accountant to manage the financial accounting functions of the RLSB efficiently and effectively. Key duties include: Line ... more >
More Jobs in Finance
RSS feeds