03/31/2017
Crown Dependency Tax Reporting Bulletin
Guernsey Tax Bulletin
Tax
03/30/2017
We lose £11.4bn a year in tax evasion – won’t we need that post-Brexit? - George Bull
We’ve been studying HMRC’s tax gap figures spanning six years. The results are startling. While tax avoidance is at its lowest level ever, tax evasion and the hidden economy seem to be increasing inexorably, costing the UK £11.4bn a year
03/30/2017
Indonesia to Widen Crackdown on Tax Cheats as Amnesty Closes
Widodo, known as Jokowi, is banking on revenue from the amnesty to fund billions of dollars in infrastructure projects
03/30/2017
Rich people love tax havens—and under Trump, the problem will only get worse
The allegations shed that much more light on the murky world of offshore financing.
03/30/2017
Kenya to Launch Tax Amnesty
Taxpayers who make use of the tax amnesty to disclose their businesses, property, income and assets overseas, will enjoy a waiver for the taxes, interests and penalties for the years up, and including, to 2016.
03/30/2017
Canada Revenue Agency executes search warrants against a tax scheme promoter
The CRA is always on the lookout for illegal tax schemes and those who promote them.
03/30/2017
HMRC fails to clamp down on tax evasion as avoidance plummets
However, over the same period the amount of revenue lost via tax evasion
03/29/2017
Macau to Implement new rules on Tax Information Exchange
The ultimate goal of such systems is to help to fight fraud and tax evasion and avoidance.
03/29/2017
Common Reporting Standard Update for the Cayman Islands
The CRS AEOI Portal and CRS return submission functionality is anticipated to be operational around mid to late April 2017.
03/29/2017
2,000 taxpayers call Revenue helpline in offshore crackdown
The Revenue Commissioners wrote to about 500,000 self-assessed taxpayers earlier this year, urging them to reveal any previously undisclosed offshore assets they might have.
03/29/2017
UK delays non-dom tax changes to offshore trusts until 2018
The UK government has delayed changes to the treatment of overseas trusts held by non-UK domiciles.
03/29/2017
Singapore Top Contributor for Tax Amnesty Asset Declaration
Meanwhile, for foreign assets declaration the second highest position after Singapore is the British Virgin Islands with IDR76.92 trillion
03/28/2017
Tax haven debate shows many people don't know the difference between a business and a company
Companies exist to box up ownership and control and allocate responsibility and risk.
03/28/2017
Australia now officially has a 'Google tax'
Nevertheless, in a local context the Diverted Profits Tax, informally dubbed Australia's "Google tax", has already had a big impact on the behaviour of multinationals.
03/27/2017
Which countries’ tax authorities share data with Revenue?
Revenue has agreements in place that cover more than 100 jurisdictions
03/27/2017
Tax Simplification Should Include Repeal of FATCA
Most who are forced to comply are expatriate Americans who have, little if any U.S. presence.
03/27/2017
«Special Attention» Promised For Tax Amnesty Opt Outs
The Indonesian government has said it would adopt a firmer policy against tax evasion after the tax amnesty program.
03/27/2017
UK/UAE treaty allows expats to cash out pensions tax free
Head of international technical sales at Old Mutual Wealth.
03/27/2017
Luxembourg, Ireland favourite 'tax havens' for banks, Oxfam claims
Its report claimed that Europe's 20 biggest banks posted more profits in the small EU country of Luxembourg than they did in the UK, Sweden and Germany combined.
03/24/2017
IRS beats ex-Sprint CEO, COO lawsuit over tax shelter scandal
Daniel Rosen, a partner at Baker & McKenzie representing the plaintiffs, declined to comment.