12/26/2017
European Commissioner for Economic and Financial Affairs warns UK against setting itself up as offshore tax haven
EU economic affairs commissioner says UK will never be granted free trade agreement if it seeks offshore tax haven status
12/26/2017
Switzerland Consults On Adoption Of BEPS Tax Treaty Changes
The MLI was developed by the OECD under Action 15 of the BEPS project. Countries who have decided to adopt it will transpose BEPS recommendations into their tax treaties.
12/22/2017
Paul Bonello, of Finco Group, told MaltaToday that Malta’s perceived reputation abroad had been steadily deteriorating in the last years
12/22/2017
The MLI will come into effect once two further jurisdictions (five in total) have ratified the MLI.
12/22/2017
Earlier, India had signed a Joint Declaration with Switzerland for the implementation of an automatic exchange of information
12/22/2017
The implementation of the CRS requires both domestic legislation to ensure that financial institutions correctly identify and report accounts held by non-residents, and an international legal framework for the automatic exchange of CRS information.
12/22/2017
Jurisdictions implement final regulations for first filings of CbC Reports, with over 1400 bilateral relationships now in place for the automatic exchange of CbC information
12/22/2017
Brazilian lenders, benefiting from a deep familiarity with Latin America, are sensing an opportunity as they compete with less-entrenched rivals
12/20/2017
The legislative framework for implementation of The Common Reporting Standard was initially put in place by The Bahamas in 2016
12/20/2017
Aruba was part of the “grey list” that agreed to amend or abolish its “harmful tax regime” by 2018.
12/19/2017
This revelation underscores a delicate quandary
12/19/2017
But the Caribbean side of this story is often overlooked amid all the disclosures of hidden money
12/18/2017
The seven jurisdictions concerned are already working to address most deficiencies identified in their respective reports. The OECD will continue to publish stage 1 peer review reports in accordance with the Action 14 peer review assessment schedule.
12/18/2017
This decision by the EU has been based on new and unilaterally-determined criteria
12/18/2017
Puerto Rico Suffers From ‘Hypocritical’ Tax Bill, Officials Say
Rossello promises that the plan’s supporters will be singed
12/18/2017
The UK agreement also enables automatic reporting of corporate income for UK tax purposes
12/18/2017
Although there had been numerous calls for these rules to be delayed given both their complexity and removal from the first 2017 Finance Bill, both the nature and timing of these changes are finally clear
12/15/2017
The advocacy groups Canadians for Tax Fairness and Leadnow commissioned the survey which also found that 87 per cent of Canadians want the law changed to make tax havens illegal.
12/15/2017
We are committed to the highest international standards of compliance, tax transparency and neutrality
12/14/2017
The Bahamas was also simultaneously pursuing “the next step” of compliance with the OECD’s BEPS initiative