01/04/2017
New Filing Requirements for Foreign-Owned Disregarded Entities
Attempt to combat offshore tax evasion.
Tax
01/04/2017
Penalties for lawyers who enable tax evasion come into force
The UK is one of the first countries in the world to introduce this power, which was originally announced at Budget 2015 and legislated for in the Finance Bill 2016.
01/04/2017
Panama looks to talks with France to get off tax haven list
Panama's president, Juan Carlos Varela, in November warned France of reprisals if his country was maintained on the blacklist.
01/04/2017
Colombia’s tax reform fails to tackle tax evasion: chief prosecutor
Colombia’s lawmakers approved the bill last week
01/04/2017
Accountants face tough new penalties in tax crackdown
The new law means that for the first time, HMRC will be able to charge civil penalties on the facilitators of tax evasion, who provide planning, advice or other professional services or physically move funds offshore.
01/04/2017
Offshore myth: How Africa lost $1 trillion to tax havens
The modern offshore business world appears pure Potemkin everywhere and nowhere.
01/03/2017
German Government Targets Offshore Tax Avoidance
The bill also standardizes reporting obligations for direct and indirect holdings in foreign entities and synchronizes the deadline for information reporting with the deadline for tax returns.
01/03/2017
Advisers who help tax evasion face fresh fines
The powers were announced in the 2015 Budget and have come into force this year.
01/03/2017
Other small islands face debt struggles too
Financial advisers warned that the liability, attributed to the civil service defined benefit retirement system, could have caused the entire plan to collapse by 2024 if not addressed.
01/02/2017
Fears as Scotland ‘tax haven’ adverts expand
The UK Government has signalled that at the very least it will consider bringing SLPs into a regime that, in theory, forces most other companies to declare who their ultimate beneficial owners are.
01/02/2017
Jean-Claude Juncker blocked EU curbs on tax avoidance, cables show
Leaked papers reveal that as Luxembourg’s PM, the European commission president obstructed the bloc’s tax reforms efforts
01/02/2017
HMRC empowered to name and shame tax evasion 'enablers'
Treasury says individuals or corporations who take deliberate action to help others evade paying tax face steep fines
12/30/2016
US, Argentina Agree To Exchange Tax Information
It has been previously disclosed that, through the TIEA, the Argentine Government is hoping to reduce the estimated USD400bn in undeclared overseas assets held by Argentine residents. Its current tax amnesty, which entered into force in July this year, pr
12/30/2016
Switzerland moves further to end bank secrecy
Planned deal with US underlines shift away from reputation as tax haven
12/30/2016
Super rich pay LESS tax after clampdown
A special taskforce set up in 2009 has prosecuted just one super-rich tax cheat
12/30/2016
Indonesia's tax amnesty reaches second deadline
Progress registering undeclared wealth still falling short of budget
12/30/2016
Beneficial ownership platform takes shape
U.K. authorities will have expedited access to the beneficial ownership information from June 2017
12/29/2016
Swiss Double Tax Agreements Enter Into Force
The protocol to the Albanian DTA was also signed in September 2015, and entered into force on December 1, 2016.
12/29/2016
After FATCA pact signing, increased focus on possible tax evaders
The Banking Bureau under the FSC said that under the agreement the U.S. can ask for more detailed information on clients who do not cooperate with requests for information.
12/28/2016
HMRC To Take Further Action On Tax Avoidance, Evasion
The authority said the Government will invest GBP800m