11/07/2014
Singapore will implement a global agreement on swapping tax information
Singapore will implement a global agreement on swapping tax information, aimed at ending offshore tax evasion, by 2018, provided certain conditions are met
11/07/2014
Deloitte Guernsey Tax Bulletin: Common Reporting Standard
The Global Forum on Transparency and Exchange of Information for Tax Purposes, where the Multilateral Competent Authority Agreement (‘MCAA’) was signed, was attended by 39 ministers, constituting the largest gathering of ministers to take join
11/07/2014
Swiss authorities agree to hand over non-HSBC details
Over the past few years, the Indian government has been dispatching a number of requests to the Swiss authorities arising from either search operations done by the Income Tax department or information received on holdings of Indians in Switzerland from th
11/07/2014
A new report about Luxembourg again underscores the magnet working of low tax bases for corporate money streams
It Is Time To Tackle Corporate Tax Tarts
11/07/2014
Luxembourg, the country where accountants outnumber police 4:1
Grand Duchy advertises itself as ‘business-friendly’ haven amid leak showing it helped multinationals save millions in tax
11/07/2014
The Australian Taxation Office (ATO) has once again reminded investors to voluntarily disclose offshore assets or income under Project DO IT before the December 19 deadline.
11/07/2014
UK FATCA Compliance for Investment Funds by Schulte Roth & Zabel
The United Kingdom has signed intergovernmental agreements (‘IGAs’) with its Crown Dependencies and Overseas Territories in order to improve compliance with UK tax laws, a regime often referred to as ‘UK FATCA’.
11/06/2014
The EIB countered that the country did not feature on the OECD black list of secretive jurisdictions when it closed the contract on the project in 2012
11/06/2014
From 1970 to 2011, US$2 trillion from Latin America and the Caribbean have been funneled to offshore tax havens. It’s money that moves behind the scenes, in illicit financial flows (IFF).
11/05/2014
Switzerland's First Tax Info Exchange Pacts To Take Effect
Switzerland's tax information exchange agreements (TIEAs) with Jersey, Guernsey, and the Isle of Man have entered into force and will be effective from January 1, 2015.
11/05/2014
Taxpayers with undisclosed foreign assets face an even greater risk of detection than ever before.
11/03/2014
Labuan, which enjoys duty free status, will not be fully exempted from implementation of the Goods and Services Tax in April next year.
11/03/2014
Tougher disclosure rules for offshore accounts held by 'non-doms' once single tax reporting standard in force
Jason Collins of Pinsent Masons, the law firm behind Out-Law.com, was commenting as 51 countries signed an agreement that will activate the Common Reporting Standard for automatic exchange of financial account information in tax matters
11/03/2014
The new law would introduce modifications to the tax code that will force Russian owners of companies based abroad to pay taxes in Russia.
10/31/2014
Switzerland’s financial services watchdog pledged to crack down on individuals suspected of misconduct, abandoning what the regulator has called a historical “reluctance” to target people rather than institutions.
10/31/2014
Companies which exploit loopholes to avoid paying tax in Britain will be made to ‘damn well pay
10/31/2014
Government sources said that India was unable to sign the pact as there was uncertainty about disclosures and lack of clarity
10/31/2014
Although in the past eight years or so, various UK Governments have introduced legislation which has withdrawn some of the previously available tax advantages of such structures, they remain valuable tax planning vehicles in the right circumstances.
10/30/2014
A status report on committed and not committed jurisdictions will be presented to G20 leaders during their annual summit in Brisbane, Australia on November 15-16.
10/30/2014
Jersey’s participation in a signing ceremony involving leaders and finance ministers of 51 countries and jurisdictions reflects its ongoing commitment to international cooperation and the highest standards of transparency, according to Jersey Financ