10/11/2018
OECD releases 2017 global mutual agreement procedure statistics
Improving the effectiveness and timeliness of dispute resolution mechanisms is the aim of Action 14 of the BEPS Action Plan (read the final report on Action 14 of the BEPS Action Plan) and is also part of the wider G20/OECD tax certainty agenda. The Actio
10/11/2018
Panama shares financial accounts data with 31 countries
The objective of the process is to comply with transparency of the exchanges of financial entities in the country, as well as to determine and identify specific areas of taxation at the local level.
10/10/2018
The ATO has been looking at thousands of emails and documents that were part of the Paradise Papers as they relate to Australia.
10/10/2018
Both measures are anti-abuse rules that aim to tax multinational firms that transfer assets offshore.
10/08/2018
Pakistan is currently investigating data of three leaks about Pakistani offshore investments and — two leaks related to tax havens — Panama and Bahamas — which did not offer to share automatic information with Pakistan under the new tax
10/07/2018
They used encrypted computers, had business cards without the lender’s logo and were told to switch hotels regularly, according to prosecutors.
10/05/2018
Liechtenstein and Peru removed from the greylist
10/05/2018
The listing process is part of the EU's initiative to tackle tax avoidance and evasion and promote fairer taxation, within the EU and globally
10/04/2018
Audits cover a cross-section of industry sectors including agriculture, construction, financial services, information technology and communications, hospitality, manufacturing and mining.
10/02/2018
Failure to comply with the new law could result in unlimited financial penalties, ancillary orders such as confiscation orders or serious crime prevention orders, and serious reputational damage.
10/02/2018
Washington regulators crack down on money laundering in the tiny Mediterranean island in a bid to check Moscow’s power in Europe
10/01/2018
Any individuals who have paid the incorrect amount of tax on overseas income in previous years must have corrected their tax returns by the deadline, or the potential fine will double to 200% of tax owed.
09/30/2018
Some may move to Singapore from Mauritius as the former is looking to introduce regulations that could help funds better structure their pooling vehicles
09/28/2018
Despite HM Revenue & Customs bragging about winning eight out of 10 cases that go to court, tax inspector decisions based on their manuals are regularly overturned.
09/28/2018
Offshore Manager's investment activities were led by Philip Falcone.
09/28/2018
The enterprising and tax-shy can still exploit loopholes in the system
09/28/2018
Under Tax Proposal 17, Switzerland will repeal the existing special corporate tax regimes
09/25/2018
UK non-dom strategies for 'resetting the clock' using alternative residence jurisdictions
Guernsey & the Isle of Man offer UK non-doms alternative tax residency jurisdictions that will ensure they continue to enjoy significant tax benefits while maximising days spent in the UK. Read this Dixcart article to find out more.
09/25/2018
EU tax haven blacklist blocks just 1% of financial secrecy services threatening EU economies
On average, EU member states have put in place treaties that give their tax authorities power to retrieve some information in respect of 82 per cent of the financial secrecy services facing their countries, according to the Tax Justice Network’s res
09/21/2018
HMRC has been issuing large numbers of warning letters both to taxpayers and their advisors