08/26/2022
HMRC has previously noted that taxpayers are not legally obliged to return the certificate, which could expose them to criminal prosecution if they make an incorrect declaration.
08/26/2022
Title is invariably transferred by way of bill of sale, and there are no specific formalities under Cayman Islands law.
08/26/2022
To mitigate the risks of double taxation for businesses, it has entered into comprehensive double tax treaties with over 80 jurisdictions.
08/25/2022
In an accompanying paper, dated March 2022, it was noted that the revenue impact of the initiative could be $90 million in the coming year with an implementation timeline of 12 months.
08/25/2022
The law requires banks around the world to report assets and accounts of US clients to the IRS, but wealthy Americans have figured out a way to sidestep the rule and draw less scrutiny from the banks.
08/19/2022
Smith has already admitted to illegally hiding millions of dollars from the Internal Revenue Services in offshore tax havens
08/15/2022
UK tax haven islands Jersey and Guernsey are stepping up their efforts to attract crypto and blockchain investors.
08/12/2022
Our objective is to always do things smoothly and cause minimal disruption.” Halkitis noted that the rules which the Davis administration decided to bring into effect at the start of the new fiscal year were drafted back in 2020.
08/12/2022
Companies can still use carve-outs for research and development, investment expenses and others to lower their tax bills.
08/11/2022
Maria Sciberras beats thousands of students in global exam round
08/08/2022
The Guidelines set out the TIA’s principles and processes for taking enforcement action through administrative penalties for non-compliance under the CRS and the ES regimes.
08/08/2022
The awards have become a staple in the finance calendar, with more than 50,000 votes being cast by members of the public to determine the winners.
08/08/2022
Many smaller island nations turned themselves into tax havens for that very reason.
08/08/2022
"No opportunity was given to bring black money from the country through this," said National Board of Revenue Chairman Abu Hena Md Rahmatul Muneem
08/05/2022
Subject to the completion of the legislative process, the changes will take effect from January 1 2023 with no grandfathering arrangement and apply to multinational enterprise groups only.
07/28/2022
IRS acknowledges that the evolvement of digital technology across the world
07/28/2022
CRA won't say why it's taken 6 years to pursue companies named in 2016 leak
07/27/2022
Transfer pricing requirements continue to expand along with increased enforcement activities by the Luxembourg tax authorities.
07/25/2022
Many of these have agents who often determine the individual’s financial adviser, and with such complex financial issues, schemes can be put forward by an ‘adviser’, keen to impress, that sail way beyond ‘close to the wind’.
07/20/2022
The regime has been developed following years of intensive negotiation aimed at combatting tax avoidance in a digitalised and globalised world.