08/14/2015
The CRS represents a significant step towards the global automatic exchange of information ("AEOI") for tax purposes and there are currently more than 90 countries that have committed to its implementation.
08/14/2015
The new 'Implementation Handbook' is designed to assist countries with their implementation of the CRS.
08/13/2015
The agreement must now be approved by the Swiss parliament and may be subjected to a referendum before it can enter into force.
08/13/2015
Each professional included on the list has been recommended by their directors, senior peers and clients.
08/13/2015
These obligations include filing tax returns and paying the assessed taxes.
08/13/2015
Isle of Man removed from Italian blacklist
08/12/2015
A recent decision from the Supreme Court regarding the UK income tax treatment of a member of a Delaware LLC could have implications for UK trusts with overseas beneficiaries.
08/12/2015
Tax administrations continue to face the challenges of improving their performance while reducing costs, decreasing compliance burdens for taxpayers tackling non-compliance.
08/11/2015
The Bahamas is a well-established, well regulated, fully compliant jurisdiction.
08/11/2015
HMRC have been increasing their focus on offshore and tax structuring arrangements for some time now and there has been a noticeable shift in their approach towards such arrangements.
08/11/2015
The facility is available under the Black Money Act’s compliance window, which ends on 30 September
08/11/2015
Trustee and fiduciary service providers are subject to FATCA compliance requirements
08/11/2015
The South African Institute of Professional Accountants is urging local tax dodgers to come clean in the wake of the HSBC scandal.
08/10/2015
Key point: all qualifying non-residents will have to file a tax return within 30 days of a disposal of a UK residential property
08/10/2015
The OECD has released three new reports to help jurisdictions and financial institutions implement the global Standard for automatic exchange of financial account information
08/10/2015
The Paris-based OECD said last week that many transgressors were facing “the last window of opportunity” to disclose such information.
08/10/2015
In a bid to raise more tax, the UK Summer Budget introduced a number of changes which will significantly impact the offshore world.
08/07/2015
On July 9, 2015, the Parliament voted on the most significant changes in the Cyprus tax system since 2003.
08/07/2015
The bill, expected to go to a Senate vote this month, would allow beneficiaries to come clean on two conditions - that they disclose the origins of the funds and pay a 35 percent penalty
08/07/2015
Sebi seeking to scrutinize Indian funds held abroad; move could put off some banks looking to build India presence