I appeal to President Prodi to propose a pay as you earn system on savings revenue as a direct European tax.

Subject Withholding tax on writers' royalties

Withholding tax

Payroll tax and business property occupation tax

(p) the withholding agent should apply withholding tax relief at source on the basis of the pooled withholding tax rate information received.

Trade tax, corporate income tax and sales tax for the period ending 5 June 2002

Financial services companies will have their annual liability to payroll tax, business property occupation tax and top up tax capped, in aggregate, at 15 of profit.

a withholding tax on non residents' income from savings,

The reform will be implemented through

Such companies will be permitted to deduct payroll tax and business property occupation tax from their liability to top up tax.

The latter is an element external to a payroll and business property tax.

Greek law imposes a withholding tax of 25 on foreign author's royalties.

Even if a payroll tax were introduced as a proxy for a profit tax (this is not an argument put forward by the United Kingdom), it would still be within the logic of a payroll tax system for unprofitable companies to be liable to the tax.

Taxes other than that provided for in this Agreement on the same interest payment, and in particular the withholding taxes levied by San Marino on San Marino's source interest income, shall be credited against the amount of the withholding tax calculated in accordance with this Article.

A pay as you earn system would prevent the enormous bureaucratic system which an exchange of information would imply, but above all, such a European tax could be payable on European assets in the United States, Switzerland and other countries.

Source CBS (Statistics Netherlands), Survey into employment and pay

The paying agent shall levy withholding tax as follows

Therefore the incentive to shed labour in order to control costs will exist to a similar extent with or without a payroll tax.

(1) Many Member States apply withholding tax on securities income.

Rate of tax credit (a) as of the gross (b) as of corporation

information on taxes on the income from the securities withheld at source,

information on taxes on the income from the securities withheld at source

Levying tax at source on savings products is acceptable, on condition that they are reasonable and levied at source.

the requirement to make a profit before incurring any payroll and property tax liability would confer an advantage on unprofitable companies

information on taxes on the income from the underlying shares withheld at source

information on taxes on the income from the depository receipts withheld at source

Source Statistics Netherlands (Wage Structure Survey 1995 2002).

If, in addition to the withholding tax referred to in Article 7, interest received by a beneficial owner has been subject to any other type of withholding tax and the Member State of residence for tax purposes of the beneficial owner grants a tax credit for such withholding tax in accordance with its national law or double taxation conventions, such other withholding tax shall be credited before the procedure in paragraph 2 is applied.

Corporate and income tax

(g) withholding agent means an information agent that has also been authorised by the source Member State to assume responsibility for the deduction of tax at source at the appropriate rate and the payment of the tax deducted to the relevant tax authority of the source Member State

indication as to whether the issuer assumes responsibility for the withholding of taxes at the source.

As the proposals of the European Commission on a 15 withholding tax are, for the moment, frozen, new means are being sought to minimize the risk of destabilizing flows of money into low tax centres.

Political convergence will end up in antagonism if it is not accompanied by economic convergence.

The Economic Impact of the Commission Recommendation on Withholding Tax Relief Procedures and the FISCO Proposals

Withholding tax is, in my opinion, just as valid a solution.

Because this tax cut will take the form of lower withholding from weekly or monthly wages, it may seem more permanent than it really is, and therefore have a greater impact on spending than households very feeble response to the previous temporary tax changes.

Working assumption and comments Interest subject to withholding tax

Tax shall be collected by the Centre by means of deduction at source.

Profits based taxation will be replaced by a general payroll tax pursuant to which all Gibraltar companies will be liable in the amount of GBP 3000 per employee each year.

The accurate position is that the essential element of the reform is the general abolition of taxation of company profit (save for a top up taxation on financial services and utilities activities) and its replacement with a payroll tax payable by all companies.

7. Mr. JONES (Australia) began by explaining that, under the Federal system, the Commonwealth took responsibility for collection of income tax, sales taxes and fuel tax, while the States had a comparatively limited revenue base relying on the payroll tax (a tax levied on enterprises with a payroll of over 800,000), stamp duty levied on real estate transactions, and monies collected in the form of fines.

The general tax system to be introduced under the Reform will be a payroll tax, a business property occupation tax and a registration fee, applicable to all Gibraltar companies.

All Double Taxation Conventions, with the exception of one, provide for a withholding tax of 10 on both interest and royalty payments.

Rather than considering a sugar tax, it'd be more useful if there was a fresh fruit and veg subsidy for low income earners and pensioners Asher Wolf ( Asher_Wolf) November 23, 2016

Every employer in Gibraltar will be required to pay payroll tax for the total number of its full time and part time employees who are employed in Gibraltar .