03/29/2017
Singapore Top Contributor for Tax Amnesty Asset Declaration
Meanwhile, for foreign assets declaration the second highest position after Singapore is the British Virgin Islands with IDR76.92 trillion
Tax
03/28/2017
Tax haven debate shows many people don't know the difference between a business and a company
Companies exist to box up ownership and control and allocate responsibility and risk.
03/28/2017
Australia now officially has a 'Google tax'
Nevertheless, in a local context the Diverted Profits Tax, informally dubbed Australia's "Google tax", has already had a big impact on the behaviour of multinationals.
03/27/2017
Which countries’ tax authorities share data with Revenue?
Revenue has agreements in place that cover more than 100 jurisdictions
03/27/2017
Tax Simplification Should Include Repeal of FATCA
Most who are forced to comply are expatriate Americans who have, little if any U.S. presence.
03/27/2017
«Special Attention» Promised For Tax Amnesty Opt Outs
The Indonesian government has said it would adopt a firmer policy against tax evasion after the tax amnesty program.
03/27/2017
UK/UAE treaty allows expats to cash out pensions tax free
Head of international technical sales at Old Mutual Wealth.
03/27/2017
Luxembourg, Ireland favourite 'tax havens' for banks, Oxfam claims
Its report claimed that Europe's 20 biggest banks posted more profits in the small EU country of Luxembourg than they did in the UK, Sweden and Germany combined.
03/24/2017
IRS beats ex-Sprint CEO, COO lawsuit over tax shelter scandal
Daniel Rosen, a partner at Baker & McKenzie representing the plaintiffs, declined to comment.
03/24/2017
Lawmakers want infrastructure funded by offshore tax reform
The process involves taxing corporate earnings that are being stored abroad when that money returns to the U.S.
03/24/2017
Apple 'paid no tax' in New Zealand for at least a decade
"Apple is the largest taxpayer in the world and we appreciate and respect the role taxes play as necessary and important in our society," the company said.
03/23/2017
Change in UK tax laws will affect QROPS
The Chancellor has announced changes that will tax certain QROPS transfers but not tax others.
03/23/2017
Why becoming a tax haven would be bad news for Britain
Theresa May and Philip Hammond have warned the EU that if they don’t like the Brexit deal, they could turn the UK into a tax haven.
03/23/2017
Whoops! HMRC Does It Again Over QROPS Rules
In an infamous High Court case in London, HMRC had to withdraw a claim against more than 100 Singapore QROPS investors following severe criticism from the judge.
03/23/2017
UK Accountancy firm partners with Chandler Backer & Co to form CBW Guernsey
The joint venture will provide islanders with a range of services, including advice on business start-ups and sales strategies, business growth, investments, overseas expansion, tax planning and regulatory compliance.
03/23/2017
Luxembourg in ‘breakthrough’ tax treaty talks with Australia
Gramegna added that over the past year Luxembourg has improved tax transparency to become compliant with OECD standards.
03/22/2017
Top five countries with no tax for residents
However, living in this laid-back island life comes at a price
03/22/2017
Pakistan, Switzerland ink revised pact on double taxation avoidance
The revised Avoidance of Double Taxation Agreement between Pakistan and Switzerland would open new vistas for cooperation
03/21/2017
UK Residential Properties - 2017/18 ATED Filing Deadlines
The Annual tax on Enveloped Dwellings (“ATED”) applies to UK residential properties with a market value as at 1 April 2012 (1) in excess of £500,000, where the property is owned by a qualifying non-natural person.
03/21/2017
CARICOM seeks FATCA delay, but law may prove irrelevant
The standards call on jurisdictions to gather information about account holders at local financial institutions, reporting it globally.