03/01/2021
OpenLux: Why the Era of Financial Secrecy Needs to End
This same secrecy also creates fertile ground for tax evasion, avoidance, and for financial crimes and deals unquantifiable political damage as secrecy-shrouded capital infiltrates the Western political system.
02/26/2021
OECD calls on countries to crack down on the professionals enabling tax and white collar crimes
White collar crimes like tax evasion, bribery and corruption are often hidden through complex legal structures and financial transactions facilitated by lawyers, notaries, accountants, financial institutions and other professional enablers.
02/26/2021
Here, the FACTI panel has embraced in full the tax justice proposals, and call for multinationals to be taxed on a unitary basis and subject to a global minimum corporate tax.
02/25/2021
Real Madrid criticised over ‘tax haven’ investment deal
The report was based on the so-called ‘Football Leaks’ files – internal correspondence and contracts of European football clubs – that were handed to several mainstream European media houses.
02/24/2021
EU adds Dominica to tax non-compliance list
As it removes Barbados while the country undergoes a review by the OECD
02/23/2021
Survey respondents say they anticipate a far more diverse tax risk environment spanning everything from scrutiny of routine business activity, to major, billion-dollar settlements in court.
02/22/2021
The tax revenue generation is deeply linked to how equitably the tax revenue is collected
02/22/2021
Efficient tax planning can help Amit save a good amount of money over the long run.
02/22/2021
Managing Director Adam Budworth commented: “The past 12 months have demonstrated just how important having a resilient, happy and healthy workforce really is."
02/22/2021
The ‘techxodus’ to southern states must not become a race to the bottom
02/22/2021
American citizens are sometimes surprised when they realise that even if they are not living in the United States, they must still file tax returns there. Blue Umbrella tells us what to look out for.
02/19/2021
The circular explains how to calculate non-deductible social contributions. For instance, social contributions related to exempted salary income, such as a prime participative, are not deductible for wage tax calculation purposes.
02/12/2021
Although the economic substance rules as they apply to companies are familiar to many, there likely will be nuances to the partnership rules that may require further analysis.
02/11/2021
Apple began to repatriate that cash after President Trump reduced the tax on this cash from 35% to 15.5%.
02/10/2021
The latest revelations about Luxembourg, spearheaded by the French Le Monde newspaper, comes from publicly-available but difficult-to-access data.
02/09/2021
In their country of tax residence some Hong Kong Oshore Companies owners are declaring the opposite than what they are telling to Hong Kong tax authorities, a Spanish resident would tell the Spanish tax authorities that the eective place of management of
02/09/2021
Deloitte said prospective captive owners should consider their tax position before launching a captive, and keep the situation under review.
02/09/2021
The OpenLux investigation shows us two things. Firstly, transparency works, and secondly, that we have a long way to go before the EU can declare itself free of tax havens.
02/09/2021
The government has introduced over 100 reforms to the tax system since 2010 to help HMRC to prevent and tackle evasion and tax avoidance.
02/05/2021
The changes catalysed by the Global Forum have been remarkable, ending bank secrecy for tax purposes and levelling the global playing field.