07/10/2018
The draft legislation contains the core provisions as laid out in the original consultation document, but with some changes following the consultation responses.
07/10/2018
The OVDP involves a formulaic deal where at least the penalties are capped.
07/09/2018
Apple, Google and other big multinational corporations often make the front page when it comes to tax avoidance, but similar practices are also used by smaller players.
07/09/2018
Established deadlines are noted along with appropriate measures to be implemented if the account holder does not respond in a timely and appropriate manner.
07/09/2018
The UK does still have one significant disadvantage namely the 20% withholding tax imposed by UK domestic law on “yearly interest” that arises in the UK is paid to persons whose “usual place of abode” is outside the UK.
07/09/2018
The FIs must then send this information to their local tax authority.
07/09/2018
Too many lines of communication inevitably add to bureaucracy, delay and costs
07/06/2018
The network will allow over 100 committed jurisdictions to exchange CRS information in September 2018 under more than 3200 bilateral relationships that are now in place, an increase of over 500 since April of this year.
07/06/2018
Bermuda has captured the attention of global leaders in blockchain technology and the field of fintech
07/05/2018
Geographical mobility for the wealthy has in recent years become common place, and brings with it both challenges and opportunities which arise from choices made by the tax nomad on tax residency.
07/05/2018
The RTC applies to people who pay tax in the UK and relates to Income Tax, Capital Gains Tax or Inheritance Tax for any period where HMRC could raise a review as at 6 April 2017.
07/05/2018
Changes to many of the UK's double tax treaties will come into force next year in order to comply with internationally agreed measures to prevent tax avoidance.
07/04/2018
This new Double Taxation Agreement (DTA) replaces an existing agreement from 1952.
07/04/2018
The agreement reached between the business founders Don Wijsmuller and Demos Demou, will allow Whitmill to add a seventh jurisdiction to their international offering
07/04/2018
This treaty is based on the latest international standards in terms of avoidance of double non-taxation and exchange of information. I
07/04/2018
Each type of infraction is sub-divided into three categories: non-deliberate, deliberate, and deliberate and concealed.
07/03/2018
It's also designed to comply with the OECD's inclusive framework on Base Erosion and Profit Shifting.
07/02/2018
HMRC has formed an alliance with tax enforcement bodies in 4 countries to share intelligence and expertise in the battle against international tax crime.
07/02/2018
Franco-American scion of art dealing dynasty was accused of hiding art and other property worth hundreds of millions of euros from French authorities
07/02/2018
There has recently been an increased investment in the Island's financial intelligence and enforcement agencies, while the submission also draws attention to the publication of the Financial Crime Strategy.