12/23/2020
The AICPA disputed this interpretation of the CARES Act loan forgiveness rules, arguing that it was not Congress’s intent to disallow the deduction of otherwise deductible expenses.
12/22/2020
In the Irish Tax Monitor in the latest issue of Finance Dublin, William Fogarty shares his insights on the possible consequences that could arise for corporation tax from the 155 page Perrigo judgment issued in the High Court last month and Lynn Cramer lo
12/22/2020
On 21 December 2020, the Luxembourg Finance Minister announced an extension to the filing deadlines for 2019 and 2020 Luxembourg tax returns.
12/17/2020
The preliminary inquiry was opened by France’s Parquet National Financier, the country’s financial public prosecutor’s office.
12/16/2020
The Cayman Islands Department for International Tax Cooperation (DITC) is implementing version 2.0 of the OECD CRS XML Schema.
12/16/2020
A summary of the recent Luxembourg tax authorities decision to exclude Gibraltar companies from the benefits of the EU Parent Subsidiary Directive as of 1 January 2021.
12/15/2020
The Wealth Tax Commission (WTC), has published its recommendations on whether the UK should have a wealth tax.
12/10/2020
Does cross-border tax planning stand up to scrutiny?
Countries have shared details of offshore assets worth €10trn
12/10/2020
Cayman compliant with automatic tax information exchange frameworks
Cayman began exchanging the relevant information in 2017.
12/10/2020
International community reaches important milestone in fight against tax evasion
The report notes that a second stage of the monitoring process, now underway, will assess the effectiveness of automatic exchange now underway in more than 100 jurisdictions.
12/10/2020
Cayman compliant with automatic tax information exchange frameworks
Cayman began exchanging the relevant information in 2017.
12/08/2020
Global Alliance for Tax Justice said tax loss of $25.7 billion every year is equivalent to 52.46 percent of the continent’s combined health spending and equates to 28.67 percent of Africa’s combined education spending.
12/08/2020
The Finance Act 2019 expanded the scope for taxing gains made by non-UK residents on UK property
12/07/2020
This scheme allows for tax deductions while also contributing to much-needed employment creation and ultimately extra revenue collection for the state.
12/07/2020
The massive inequalities inherent in the global economic system have been evident for a while but they have been laid bare and intensified over the past year.
12/03/2020
JERSEY has been accused of causing the loss of almost $8 billion of tax revenues in other countries in a new report – but the Island’s finance sector says the study does not ‘give the whole picture’.
12/02/2020
Reporting criteria and tax non-residence claims
BVI entities which do not carry on any ES relevant activity do not need to report on (but should still ensure they have considered) any foreign tax status or obligations.
12/02/2020
USA and Monaco agreed on Tax Exchange reports
The agreement was signed by the US IRS’s Douglas O’Donnell and Monaco’s Minister of Finance and Economy, Jean Castellini.
12/02/2020
HMRC targets individuals in latest offshore undeclared tax drive, says accountants Mercer & Hole
But this time around it is being more direct suggesting that it has information that could result in criminal offences or prosecution for individuals if they do not act.
12/01/2020
Tech Mogul in Biggest U.S. Tax Case Facing Dementia, Lawyers Say
Robert Brockman’s doctor cites ‘defective’ long-term memory