06/11/2015
Vatican to share tax info with US
THE Vatican has agreed to share tax information with the United States in its latest move to improve the reputation of its scandal-marred bank and crack down on tax cheats.
Tax
06/11/2015
IRS Deadlines Loom for Taxpayers With Offshore Accounts
IRS reminds taxpayers of important June deadlines for FATCA and FBAR filings
06/09/2015
​Putin signs law on offshore assets amnesty
“turn the offshore page of the economy and start living from scratch not thinking that either racketeers or law enforcement will come after you.”
06/09/2015
Hedge Funds Face $5 Billion Tax as Iceland Unveils New Law
Iceland presented legislation that will let it tax bank creditors trying to exit the $15 billion economy as the government unveils an historic bill to end capital controls.
06/09/2015
OSC seeks to beef up whistleblower program with cash rewards up to $1.5M
The Canada Revenue Agency began an offshore tax informant program in January 2014, offering up to 15 per cent of funds recovered in cases that see the CRA recoup more than $100,000.
06/08/2015
Recent Tax Treaty Developments In Cyprus by Philippos Aristotelous, Andreas Neocleous & Co
The proposed provisions are similar to existing provisions relating to information exchange except in one important regard.
06/08/2015
OECD releases Implementation Package for BEPS country-by-country reporting
Pushing forward efforts to boost transparency in international tax matters, the OECD today released a package of measures for the implementation of a new Country-by-Country Reporting plan developed under the OECD/G20 BEPS Project.
06/07/2015
Finance minister advocates domestic tax amnesty
Switzerland’s participation in agreements over the automatic exchange of information means that tax amnesty within the country's borders should be considered for a fair playing field
06/05/2015
Strengthening the international community’s fight against offshore tax evasion
Australia, Canada, Chile, Costa Rica, India, Indonesia and New Zealand join multilateral agreement to automatically exchange information
06/04/2015
Extension of FATCA Deadlines for BVI Financial Institutions - Conyers
This update supplements our previous alert of 3 November 2014 entitled “Impact of FATCA on BVI entities” and our alert of 23 April 2015 entitled “FATCA – Impending Deadlines for BVI Financial Institutions”.
06/04/2015
SMP Accounting & Tax - UK Property -The Non-Resident Landlords Scheme 2015
The Non-Resident Landlords Scheme is a scheme for dealing with the UK taxation of UK rental income of individuals, companies and trusts that are not resident in the UK.
06/04/2015
Ocean Finance Upper Tribunal Judgment - Deloitte
Webcast: 8 June 2015, 4pm
06/04/2015
deVere Group launches tax consultancy
One of the world’s largest independent financial advisory organisations has today launched its standalone tax consultancy division.
06/03/2015
Belgium targets low-tax wealth structures with its new “Cayman Tax”
Belgium has therefore decided to follow its Dutch neighbour's example and target income received from low-tax wealth structures.
06/03/2015
Malaysia tax haven Labuan to position itself as Islamic finance hub
According to its 2014 report, the Labuan International Business and Financial Centre recorded a 12.3% growth in new companies registered in Labuan to 11,630 as per end-December
06/03/2015
No safe havens… by Gary Heynes
Perhaps surprisingly, Switzerland is one the first to sign up to an automatic exchange agreement with the EU, with Andorra, Liechtenstein, Monaco and San Marino set to follow. This means that very soon there will be no safe haven for hidden funds…
06/02/2015
The Mauritius Revenue Authority enters into Memorandum of Understanding with the South African Revenue Service
The understanding was reached in relation to the below factors to be considered when endeavouring to settle the question of dual residence
06/01/2015
SMP Accounting & Tax - VAT Newsletter - May 2015
Welcome to the latest VAT newsletter that looks at the latest changes to the VAT systems in the UK, the Isle of Man and throughout the EU.
05/29/2015
FATCA Reporting Bulletin - Deloitte
HMRC are aware that difficulties are being experienced in validating FATCA registrations in advance of the 31 May 2015 deadline.
05/29/2015
Tax Planning And Portugal’s Non Habitual Residence Scheme
To qualify as a non-habitual resident you must not have been tax resident in Portugal for any of the previous five years