07/06/2016
The New Double Tax Agreement Between Cyprus And Latvia
The key features of the DTA are as follows.
Tax
07/06/2016
Tax Amnesty Program Indonesia Launched
According to President Widodo, the tax amnesty program is an important tool to resolve Indonesia's ongoing tax issues and to boost the economy as a whole as the government is able to generate much-needed funds that can be used to invest in the struct
07/06/2016
EU Seeks to Fill Tax-Avoidance Gaps in Wake of Panama Leaks
The European Commission, alongside governments, is screening a draft list of countries.
07/06/2016
UBS- Request For International Administrative Assistance In Tax Matters
UBS has largely completed a compliance program with clients based in Europe, including France. The bank was among the first in the industry to take this step requiring documentation of tax disclosure by its clients.
07/05/2016
UBS Says Ordered To Provide Swiss Tax Agency With French Tax Information
"The request concerns a number of UBS account numbers pertaining to current and former French domiciled clients and is based on data from 2006 and 2008," UBS, Switzerland's biggest bank, said in a statement.
07/05/2016
Panama Papers reveal yet another secretive aspect of hedge funds
The now-famous Panama Papers leak offers rare insight into the workings of this exclusive investment club.
07/04/2016
At a glance – the Indonesia Tax Amnesty - Withers
The long-awaited Indonesia's tax amnesty bill was finally passed by the parliament on Tuesday, 28 June 2016.
07/04/2016
Offshore Tax Bulletin - Deloitte
Welcome to Junes 2016 edition of Deloitte’s Offshore Tax Bulletin, which provides a round-up of local and international tax issues relevant to the Isle of Man, Guernsey and Jersey businesses and individuals.
07/01/2016
Israel Tax Authority extends voluntary disclosure deadline
The Ministry of Justice's authorization for the Tax Authority to extend the voluntary disclosure proceeding was granted at the last minute before the previous deadline.
07/01/2016
Samoa's prime minister defends country's role as offshore tax haven
The Panama Papers revealed Samoa, which is situated halfway between New Zealand and Hawaii, as a key player in offshore financing.
07/01/2016
SEC Allows Big Banks to Fudge the Numbers, Underreport Tax Haven Subsidiaries
The companies analyzed include banking and financial services giants such as J.P. Morgan Chase, Wells Fargo, Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley.
07/01/2016
OECD anti-tax avoidance efforts gain traction at Kyoto meeting
The BEPS Project delivers solutions for governments to close the gaps in existing international rules that allow corporate profits to "disappear" or be artificially shifted to low or no tax environments, where companies have little or no economi
07/01/2016
New Corporate Criminal and Civil Offences for failing to prevent the facilitation of Tax evasion - Deloitte
The UK Government is looking to introduce new Criminal and Civil Offences targeted at businesses involved in tax evasion. The measures are intended to address a perceived inability to effectively prosecute UK led businesses whose staff facilitate tax evas
06/30/2016
EU agrees on tax avoidance measures aimed at multinationals
Once implemented, the legislation will put an end to the most common loopholes and aggressive tax planning schemes.
06/28/2016
Finance firm says Britain can remain competitive
In its statement, Deloitte said: ‘While the UK has opted for a future outside the EU, Britain remains a competitive, innovative and highly-skilled economy and an attractive place for business.'
06/28/2016
Ottawa should name and shame offshore tax cheats: Editorial
The Canada Revenue Agency should stop protecting the privacy of offshore tax avoiders, and start protecting the integrity of the tax system.
06/27/2016
Indonesia's parliament set to pass new tax amnesty law next week
A government official involved in the deliberations confirmed with The Straits Times that under the tax amnesty law, the government will tax these assets held by individuals or companies
06/24/2016
Tax efficiency no longer primary driver for offshore investment
This was followed by tax efficiency (23.2 per cent) and better investment returns offshore (21.9 per cent).
06/24/2016
Tax Efficiency Drives Less than a Quarter of High Net Worth Offshore Investment, says Verdict Financial.
The company’s latest report states that wealth managers need to gain a deeper understanding of the drivers that are prompting HNW investors to look for new places to store their fortunes.
06/24/2016
Council Of The EU Agrees Directive On Tax Avoidance
The directive, part of a January 2016 package of Commission proposals to strengthen rules against corporate tax avoidance, builds on 2015 OECD recommendations to address tax base erosion and profit shifting (BEPS).