07/15/2020
Crafty tax agents and lawyers enabling offshore tax evasion and avoidance through dubious schemes have now been put on notice by a global group of tax chiefs.
07/10/2020
The new OECD analysis also shows that corporate income tax remains a significant source of tax revenues for governments across the globe, accounting for 14.6% of total tax revenues on average across the 93 jurisdictions in 2017
07/09/2020
This regulation applies to measures adopted by the European Union or its member states that set out requirements for financial market participants or issuers in respect of financial products
07/09/2020
The international body highlights the success of automatic exchange in fight against tax evasion
07/09/2020
Pillar One addresses taxing-rights allocation, profit allocation and nexus rules. In particular, it examines how to tax large multinationals that generate profits where they don’t have a traditional tax presence.
07/08/2020
Would be ‘perverse’ for HMRC to ‘attack’ upstanding citizens but leave law breakers ‘unchallenged’
07/08/2020
Shailendra Sharma discusses an interesting case whereby an indirect share transfer triggered a sale by a Mauritius entity, with assets located in India, and the capital gains tax exemption under the India–Mauritius tax treaty could not be applied.
07/05/2020
Tax havens also have favourable regulations and general ecosystem that makes starting a business easy and profitable.
07/03/2020
The Common Reporting Standard requires countries and jurisdictions to exchange financial account information from non-residents obtained from their financial institutions automatically on an annual basis
07/01/2020
Iain Stewart’s constituency office received more than £50,000 from subsidiaries of companies registered in Belize, Curacao and the British Virgin Islands,
07/01/2020
Uruguay cuts tax residency requirements to attract investors
07/01/2020
The Common Reporting Standard requires countries and jurisdictions to exchange financial account information from non-residents obtained from their financial institutions automatically on an annual basis
06/26/2020
But counting the number of boxes that the EU ticked to remove jurisdictions from its list doesn’t give us the full picture of the listing process’s impact.
06/25/2020
The ongoing COVID-19 crisis will completely end any tolerance towards all forms of tax evasion,” said Maria José Garde, Chair of the Global Forum
06/24/2020
Ava Lee, from Global Witness – an organization that investigates corruption and financial secrecy – weighed in on these findings, suggesting that the anonymity of Scottish property has perpetuated illicit financial flows.
06/22/2020
Further Ferret analysis shows that about 60 per cent of foreign owned property was bought by companies based in tax havens, allowing them to avoid paying tax.
06/18/2020
Boosting businesses to funding freelancers: Here is how Switzerland is tackling its coronavirus-affected economy
06/15/2020
On June 8, the Enforcement Directorate (ED) searched the office of Cox & Kings, the residences of its promoter Ajay Ajit Peter Kerkar and other senior executives
06/10/2020
Jersey has become a jurisdiction of choice for Cash Box transactions amongst our established onshore and offshore legal and tax network as Jersey Companies Law makes redemption of preference shares a quick and simple process
06/08/2020
Finance Minister Edward Scicluna had a lukewarm reaction to the announcement, warning that this could spell trouble for Malta’s fight against tax harmonisation.