09/29/2014
Tax bureau gets Swiss bank accounts data
The head of the AFIP tax bureau Ricardo Echegaray received yesterday an encrypted CD from the French government containing information on 3,900 undeclared bank accounts of Argentine origin in the Swiss branch of HSBC.
09/29/2014
Australia's top companies have been unswayed by a global crackdown on corporate tax avoidance, with almost 60 per cent of the top 200 listed companies holding subsidiaries in tax havens or low-tax jurisdictions.
09/26/2014
Signatures handed in to protect domestic banking secrecy
On this point, cabinet is set to address the concerns raised by the initiative, as it instructed the finance ministry in July to draw up a revision of the Swiss fiscal code to address tax evasion issues.
09/26/2014
FATCA: What's everyone else doing?
For most managers, this deceptively simple first step has often proved to be the most difficult.
09/26/2014
UAE, Barbados sign agreement
Agreement was signed by Reem Bint Ebrahim Al Hashemi, Minister of State, and Maxine McClean, Minister of Foreign Affairs of Barbados
09/25/2014
Mauritius, India in talks to address tax treaty concerns
Dispelling 'misperceptions' that Mauritius is a tax haven, its financial sector regulator has said the island nation is in discussions with India to address concerns and make changes to the bilateral tax treaty.
09/24/2014
This article focuses on the 2014 Australian Full Federal Court decision in Commissioner of Taxation v Resources Capital Fund III LP
09/24/2014
“It will be a costly exercise that will run until spring of next year,” Shelby du Pasquier, a partner at Lenz & Staehelin in Geneva, told the Euroforum private banking conference in Zurich today.
09/23/2014
September 15, 2014 is an important for taxpayer who maintained accounts at any of 106 Swiss banks that are participating in the Department of Justice non-prosecution program.
09/23/2014
In a move tied to budgets, Canada’s Revenue Agency is cutting its top staff focused on international tax evasion.
09/23/2014
If these permanent establishments receive revenue from dividends, interest, or royalty payments from a third state with which Switzerland also has a DTA
09/21/2014
Fighting the $53 billion global tax dodging trends
OECD chief Angel Gurria Saturday handed the G20 recommendations on the biggest changes to international tax rules in more than a century in a bid to tackle corporate tax strategies that are costing countries billions.
09/21/2014
The UK is a 'tax haven', whether we like it or not
Archaic rules mean the world sees us as a tax haven
09/18/2014
OECD pledges fresh offshore tax avoidance clampdown
A fresh crackdown on tax avoidance by global firms has been launched by an international watchdog
09/16/2014
New Double Tax Agreement Between Cyprus And Guernsey
This is the first comprehensive double tax agreement between the two jurisdictions and will come into force once it has been ratified in accordance with their domestic legal procedures.
09/16/2014
At the request of the G20 Leaders, the OECD’s work is based on a BEPS Action Plan setting out the 15 key elements to be addressed by 2015
09/14/2014
Bermuda is an ally, not a tax haven
As a small island nation, with a vibrant insurance sector and relatively low tax rates, Bermuda can be a target for political leaders and pundits in the United States.
09/12/2014
Bermuda: Treasury Is Weighing Action on Hedge-Fund Tax ‘Loophole’
The Treasury, in an Aug. 9 letter obtained by Bloomberg News today, told Senate Finance Committee Chairman Ron Wyden that it’s concerned about such arrangements and is weighing legislative and administrative responses.
09/12/2014
Expats Left Frustrated as Banks Cut Services Abroad
Americans living abroad are being cut off by banks and brokerages as financial institutions seek to steer clear of a U.S. crackdown on money laundering and tax evasion.
09/11/2014
FATCA responsible officer function obsolete for Cayman funds
Outsourcing the responsible officer (RO) function under the Foreign Account Tax Compliance Act (FATCA) offers limited value to Cayman-Islands’ domiciled fund managers.