06/22/2021
‘It’s a sovereignty issue’: Bermuda digs in against global tax deal
Tax haven faces uncertainty after G7 nations move to back minimum corporate levy
06/16/2021
The global minimum CIT would require a corporation from a country which implements this floor (the ‘home country’) to pay taxes on its profits at this particular rate, even if those profits are declared overseas, such as in a lower-tax jurisdi
06/16/2021
Multinational companies have over the years devised many ways to pay less tax.
06/15/2021
In the 20th century, development economists envisioned international taxes that would reduce inequality
06/14/2021
Don’t cry for tax havens, Cayman Islands
But many of the breaks the islands give to its pet sector of hedge funds and other investment firms may remain despite a push to make companies pay more.
06/14/2021
MALTA: Government incentives to entice people to work
The maximum tax credit in this case is of €2,000 to be set off against taxable income from employment (employee or self-employed).
06/14/2021
Jersey’s talent stands tall next to world’s largest businesses
Both CX entries are competing in the same category as the global energy giant Shell and the Indian telecoms company Tata Communications.
06/14/2021
The idea behind a Global Minimum Tax Rate
Major economies are aiming to discourage multinationals from shifting profits to low-tax countries regardless of where their sales are made.
06/13/2021
Dickinson also highlighted that with regard to the proposals presented on tax, it is critical that any agreed framework to establish a global minimum tax, must respect a country’s right to sovereignty in relation to its tax system, adding that any o
06/11/2021
It is important for Switzerland to set the course now in order to be a competitive location with sustainable growth, innovation, attractive jobs and a high level of prosperity also in the light of the OECD/G20 work on international corporate taxation.
06/10/2021
Crown Dependencies ‘shoulder to shoulder’ on tax changes
GUERNSEY, Jersey and the Isle of Man are standing ‘shoulder to shoulder’ on a global tax overhaul and will move together if changes are needed locally.
06/09/2021
The Bahamas reasserts its sovereign right to determine the tax structure best suited for the ongoing development of the country.
06/09/2021
The Pillar One Blueprint is a piece of international work done to define an inclusive tax framework, reflecting an increasingly digitalised economy.
06/08/2021
Guernsey has nothing to fear from a more ‘level playing field’ after the G7 backed an international tax overhaul – but it is too early to tell what it could mean for the island’s zero-10 regime.
06/08/2021
“The G7 Finance Ministers have made a significant, unprecedented commitment today that provides tremendous momentum towards achieving a robust global minimum tax at a rate of at least 15%"
06/08/2021
The idea of a minimum corporation tax has been knocking around for quite some time, not least in the EU.
06/08/2021
'Treasure Island' tax havens face a tempest
The world loses out on $427 billion a year due to corporate and personal tax evasion, according to Tax Justice Network estimates.
06/08/2021
The proposals aimed to apportion taxing rights more evenly between countries and discourage profit shifting.
06/08/2021
As British power collapsed, some of its possessions became self-governing territories that were not part of the United Kingdom but which came under British defence agreements and preserved strong links with London.
06/08/2021
The Bahamas has traditionally focused on private wealth management, catering to high net worth individuals and their families, and Mr Delaney said the G-7 initiative should not discourage companies from relocating or domiciling to this nation because tax