08/16/2016
Swiss HSBC account holders bent on cross-examining persons who shared their information with India
Several HSBC accountholders in their appeals to challenge the claims of the tax department have underscored the right to cross-examine.
Tax
08/16/2016
No Obligation to File Inaccurate Return to Avoid Failure to File Penalty
The taxpayer partnership claimed reasonable cause. The partnership tried, but failed, to obtain information it needed.
08/15/2016
Jakarta plans tax haven on two islands near Singapore
Bintan, Rempang earmarked to draw funds that may otherwise be kept outside Indonesia, says senior minister
08/15/2016
More capital from tax havens poured into Vietnam
The capital, including $8.7 billion worth of newly registered and $4.3 billion worth of additionally invested capiral, will be used to develop 1,408 projects.
08/15/2016
Government notifies revised tax treaty with Mauritius
India and Mauritius signed had signed the revised Double Taxation Avoidance Convention after prolonged negotiations at Port Louis.
08/15/2016
Scotland formally calls on UK to close "tax haven" loophole
Now – after a series of scandals involving such firms – Finance Secretary Derek Mackay has reached out to UK ministers with specific recommendations for reform.
08/12/2016
Mass Bank Account Data Shared By German State
Information sent to foreign tax authorities on more than 100,000 bank account holders suspected of tax evasion in 19 countries
08/12/2016
MALTA: Finance Minister not privy to FIAU investigation into Panama Papers
Nationalist Party is demanding explanations into the resignation of FIAU’s director Manfred Galdes
08/12/2016
Low profit margins and a Panama Papers link - who's behind Wilson Parking?
Wilson Parking continues to dominate the paid parking market in New Zealand
08/11/2016
Azerbaijan wants to zero VAT rate for export of all services
Advisor to Taxes Minister Ilkin Veliyev has stated that the Ministry will develop mechanisms for effective oversight of transactions of residents conducted via offshore countries and territories.
08/11/2016
Panama Papers probe: Kolkata firm ‘linked’ to BVI company
Documents purportedly link owners of the company to Jelenta Investments Limited based in the British Virgin Islands tax haven
08/11/2016
Argentina sees tax amnesty boosting economy
Transparency agreements between countries that come into effect next year will encourage stragglers, said Mariano Federici, head of the government's financial information agency.
08/10/2016
Panama Papers Commission ‘Will Have No Credibility,’ Former Chair Joseph Stiglitz Says
The firm also said that it is regulated on multiple levels, often by overlapping agencies, and a strong compliance record.
08/10/2016
Cayman FATCA Notification & Reporting Deadlines Extended to September 2016
Reporting FIs are advised to leave sufficient time to complete their notification and reporting before Friday, 2 September 2016, particularly if they opt to conduct their notification and reporting concurrently.
08/10/2016
Law Makers Should Take Blame For Tax Avoidance
To lie about financial matters or cheat the taxman is viewed as a criminal offence.
08/10/2016
States Like Nevada and South Dakota Are Making It Easier for Rich People to Hide Money
And it's not just Delaware money that other states are competing for.
08/09/2016
US tax hunt overseas causes global headaches
There is little that can be done about FATCA and the change has to come from within the US
08/08/2016
Cayman Island Automatic Exchange Of Information - US FATCA, UK FATCA, CRS Deadlines
Reporting Financial Institutions are urged to confirm with their internal compliance function or external FATCA/CRS services provider
08/08/2016
BARBADOS: New Agreement to Benefit B'dos, USA
The US official also stated that there is a built-in tax convention between this country and the United States, which allows for the exchange of financial information.
08/08/2016
FATCA enforced in Curacao, what is it?
According to the US Congress; FATCA targets US accounts