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NEWS AND ANNOUNCES

Deutsche Bank To Pay UK GBP200m In Bonus Tax
German banking group Deutsche Bank has announced that it intends to pay about GBP200m (EUR225m) to the British government as a result of the new bank payroll tax.

Singapore And Japan Add TIEA Protocol To DTA
Singapore and Japan have signed a protocol to incorporate into their existing double taxation agreement the new internationally-agreed Organization for Economic Cooperation and Development standard for the exchange of information for tax purposes.

UK Govt Revises Down 50% Tax Revenue Estimate
UK Treasury minister Lord Myners has said that the government expects revenues from the new 50% top rate of income tax will be much lower than expected as taxpayers arrange their affairs to avoid paying it.

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