03/25/2021
Bahamas Real Property Tax Forgiveness Program
The purpose of this Program is to provide much needed relief to families and business owners adversely impacted by the economic effects of the COVID-19 pandemic
03/24/2021
This means that for 2019 company tax returns, late filing penalties and surcharges will only be imposed where the tax return remains outstanding after 30 April 2021.
03/23/2021
Canada’s tax treaty MAP inventory increased in 2019, new report shows
The MAP program began 2019 with 147 MAP cases. During the year, 75 new cases were opened, and 60 were closed.
03/22/2021
Battle to Overcome Illicit Financial Flows
The magnitude of the resources the world stands to gain by creating financial integrity for sustainable development is enormous.
03/19/2021
TCJA Is Not GILTI of Offshoring
Lawmakers also look at the 10 percent deduction for foreign assets that is part of the GILTI calculation and suggest that the deduction and the lower tax rate on GILTI provide incentives to offshore investment and jobs.
03/19/2021
IRS chief says increase in enforcement budget would boost tax collection
Rettig said the IRS would be issuing a report on Monday showing that its enforcement efforts needed more than a “body-count” increase but also more specialized agents to go after sophisticated high-income tax filers and offshore accounts.
03/19/2021
The bill amends Australia’s Offshore Banking Unit (OBU) regime to remove the concessional tax treatment for OBUs
03/18/2021
To inform its clients and R&D leaders on how different R&D tax regimes compare, the consulting firm started publishing its ‘Global R&D Tax Incentives Benchmark’ four years ago.
03/18/2021
Spain to take Gibraltar off tax haven list after treaty enters into force
The agreement also seeks to reinforce cooperation and information exchange to prevent the British Overseas Territory from becoming a magnet for Spanish tax evaders.
03/18/2021
Money laundering regime extended to bitcoin from April
Crypto-currency platforms have been accused of being vulnerable to criminal use and terrorist financing activities for years.
03/18/2021
Scandals like the Panama Papers, which connected European shell companies to criminal activities, tax fraud, and money laundering schemes around the world.
03/17/2021
In a statement announcing the bill, they said the new legislation would also crack down on the type of illegal tax evasion revealed by the Panama Papers and Paradise Papers leaks.
03/16/2021
BARBADOS: Check your tax information ahead of filing season
Lazare also indicated that to access this information, persons should log into their TAMIS account, and follow three steps.
03/15/2021
Tax havens - a big challenge
Experts estimate annual global revenue loss of $200b as result of abuse of tax havens
03/15/2021
Switzerland responsible for $13 billion in losses to tax evasion globally
The top five jurisdictions are responsible for half of the world’s corporate tax abuse risks.
03/15/2021
Wealth Tax is Coming to America
The trillions of dollars spent in government stimulus plans during the pandemic have greatly swollen the federal deficit, and Republicans — who supported stimulus spending during the Trump administration — now warn that the deficits risk becom
03/12/2021
Think-tank blasts States' 'home-grown' accounting principles
The GPEG report's authors say that, as far as priorities go, this should be number one, as it underpins all other financial decision-making.
03/11/2021
Tax haven ranking shows countries setting global tax rules do most to help firms bend them
The 2021 edition of the Tax Justice Network’s biennial Corporate Tax Haven Index sees OECD countries or their dependencies take up the top six spots on the ranking of the world’s greatest enablers of corporate tax abuse.
03/11/2021
A spokesperson for the bank declined to comment.
03/09/2021
The 39-count indictment are still unproven accusations, but most such cases do not end well for the accused.