10/07/2020
David Morse: Tax cut law failed to reel in corporate taxes
They found that in 2019 these companies paid a combined $137 billion in corporate taxes — at an average federal tax rate of only 8.7 percent on pre-tax profit.
Tax
10/06/2020
Current Tax System Wont Pay for Covid Recovery
A tax plan that includes progressive taxation and the creation of a sovereign wealth fund have the potential to improve lives post-pandemic.
10/06/2020
EU list of non-cooperative jurisdictions for tax purposes: Anguilla and Barbados added, Cayman Islands and Oman removed
The EU list of non-cooperative jurisdictions for tax purposes was established in December 2017.
10/05/2020
Revealed: How the brothers buying Asda for £6.8bn ring up a minuscule tax bill as their company has links to tax havens
Moshin and Zuber Issa's EG Group has huge debts and a paper trail to tax havens
10/04/2020
Tax offences and AML in the British Virgin Islands
Tax crimes are predicates for money laundering in the British Virgin Islands (BVI).
10/02/2020
British Virgin Islands commits to public register of beneficial owners
Announcement follows years of tax evasion scandals involving BVI shell companies
10/02/2020
Multilateral Convention to tackle tax evasion and avoidance continues expand reach in developing countries
It guarantees extensive safeguards for the protection of taxpayers' rights.
10/02/2020
Russia, Malta signed a protocol to revise tax agreement
Russia plans to sign the next revised taxed agreement with Luxembourgm Russia’s Deputy Finance Minister Alexei Sazanov said
10/01/2020
UK Offshore Receipts in respect of Intangible Property
As the Channel Islands are not “states” for these purposes, residents could potentially be within the scope of the rules.
09/30/2020
Endowments under the microscope
After five years the investor has access to the liquidity of capital, but with the tax benefits.
09/30/2020
There’s a flip side to Vodafone’s case of ‘retrospective’ taxation
India has a sovereign right to tax sales of Indian assets and capital deserves no special treatment
09/29/2020
Guernsey's economy threatened by "over-reliance" on finance
The UK Government could look to create an offshore-style finance centre out of London in order to start addressing record-breaking national debt - and a well-travelled CEO has warned that Guernsey must start diversifying its economy now to combat the &
09/25/2020
IRS targets tax compliance by non-U.S. owners of U.S. real estate
FIRPTA taxes foreign persons on the disposition of their U.S. real property interests.
09/25/2020
Financial transactions: A complex landscape for taxpayers and tax authorities
Mo Malhotra, Ariel Krinshpun and Ockie Olivier evaluate how the OECD guidance on financial transactions will influence an increasingly convoluted transfer pricing environment.
09/25/2020
Civil groups seek to quash Kenya’s tax agreements with 10 ‘tax havens’
The pair has sued the National Treasury, the Kenya Revenue Authority and the Office of the Attorney General arguing flaws in the procedures leading up to the DTAs.
09/25/2020
Overview of economic substance pre-filing considerations
Backdated surcharges will not be applied to late payment of tax where the 2019 income tax return has been filed by 28 February 2021.
09/24/2020
Companies in low-or no-tax jurisdictions must show ‘economic substance’
In countries with low- or no tax, firms must have staff, premises, expenses and activities aligned with the company’s nature.
09/21/2020
Not many surprises in parties’ tax policies
The party has forecasted that the policy is to generate $550million of revenue a year.
09/20/2020
Double-tax treaty with Russia ‘offers certainty’
The basic changes implemented by the treaty are the imposition on outbound dividend and interest payments of an increased withholding tax
09/18/2020
Offshore Millionaires Become Target of Argentina’s Wealth Tax
Tax would apply to wealthy Argentine citizens living abroad