02/21/2020
For corporate service providers, internal processes and systems will need to be reviewed to ensure that these submissions can be processed in a timely manner, with appropriate record keeping.
02/19/2020
The Cayman Islands Government has been actively engaging with the EU and has implemented laws to meet all of the EU's requirements
02/19/2020
Ireland has lower corporate tax rates than the United States, so the move reduced the company’s tax bill.
02/18/2020
Blacklisted jurisdictions could potentially incur a set of countermeasures from EU member states, including increased monitoring and audits, withholding taxes, special documentation requirements and anti-abuse provisions.
02/18/2020
The decision acknowledges that The Bahamas has implemented all the necessary reform to address concerns regarding economic substance, removal of preferential exemptions and automatic exchange of tax information.
02/14/2020
The analysis shows that Pillar Two could raise a significant amount of additional tax revenues.
02/13/2020
The base erosion and anti-abuse tax, under tax code Section 59A, is meant to discourage U.S. companies from shifting profits offshore through excessive deductible payments
02/13/2020
The EU launched the tax haven blacklist in 2017 as part of a pressure campaign to crack down on tax evasion and avoidance.
02/11/2020
"The expat tax exemption has always been there, it is now just being capped. This is because the intention was never to have South Africans working abroad not paying any tax at all.
02/10/2020
Levy agreed upon by international body for preventing multinational tax evasion
02/07/2020
Participants agreed to pursue the debate about where tax should be paid
02/06/2020
The IRS teams comprise employees from its large business, international and small business and self-employed divisions.
02/05/2020
A new, stronger bill on anti-money laundering and countering the financing of terrorism will be tabled before the National Assembly for approval in February, a top government official said.
02/04/2020
In total, Google and Amazon underpaid taxes to the EU in the amount of about €5.5 billion from 2013 to 2015.
02/04/2020
Identified as the most prominent tax havens by the European Commission (EC) are Belgium, Cyprus, the Netherlands, Ireland, Luxembourg and Malta, with the Cayman Islands
02/03/2020
The safe harbor proposal came as a surprise and many stakeholders have understood it to mean that the new allocation rules would be optional for companies.
02/03/2020
Failing to understand the associated cost of these taxes can result in a reduction in the profit made on the assignment
01/31/2020
Faure said that a national committee has been established to look at relevant laws as well as the relationship Seychelles has with the European Union and the OECD -- the Organisation for Economic Co-operation and Development.
01/29/2020
We are sharing office space, and will be looking at doing something a little more detailed, but cannot speak to that now as we are still awaiting regulatory approval for it.
01/29/2020
There were also 170 notices issued to POGOs found to be withholding taxes worth Php27.35 billion, with the Bureau of Internal Revenue temporarily halting the operations of four POGO service providers for failing to pay.