08/22/2016
U.S. Tax Enforcer: «This Are the Countries We Will Target Next»
The principal deputy assistant attorney of the U.S. didn't mince her words in her address.
Tax
08/22/2016
Changes to the taxation of non-UK domiciles - Deloitte
further consultation on the proposed reforms to the taxation of non-UK domiciliaries and to the inheritance tax (IHT) position of UK residential property has now been publishe
08/22/2016
Barbados Government Nudges Banks With Increased Tax
Delivering the 2016 Budget this week, Sinckler complained that although the April 1, 2015 removal of the minimum 2.5 per cent interest rate by the Central Bank of Barbados was intended to ultimately benefit consumers, that had not happened.
08/22/2016
Gordon Ramsey’s business partner gets jail time for tax evasion scheme
The fact that you are a wealthy and successful businessman should not exclude you from a custodial sentence.
08/22/2016
Treasury tightens squeeze on non-doms
Holding UK homes in foreign companies will cost more
08/22/2016
Taiwan Probes Leading Bank Linked To Panama Papers
The US Department of Financial Services said it had identified "suspicious transactions" between Mega International's New York and Panama Branches.
08/19/2016
Kuwait takes key steps towards improving tax transparency - OECD
By doing so, Kuwait is re-confirming its commitment to implement automatic exchange of financial account information in time to commence exchanges in 2018.
08/19/2016
Trinidad and Tobago: Implementing FATCA requirements towards compliance
The US Treasury Department will assess the plan and determine whether TT will remain on the listing of countries that have an IGA in effect.
08/19/2016
BARBADOS: ‘New tax could wipe out pension increase’
Private sector officials see this as counterproductive, expressing fear today that it would wipeout the increase in old age non-contributory pensions.
08/18/2016
How Apple found a bigger tax loophole than the Double Irish
Specifically, Apple does not move its intellectual property into offshore tax havens and use it to sell products back into the US to avoid US tax, nor does it use revolving loans from CFCs to fund its domestic operations.
08/18/2016
Accountancy firms back plans for greater clarity and transparency in tax system
KPMG has said it recognises the "need for responsible tax behaviour" following government proposals to clamp down on firms that sell tax avoidance schemes to businesses.
08/17/2016
Advisers aiding tax avoidance face 100% fines
The move is part of the government’s clamp down on corruption following the ‘Panama Papers’ scandal.
08/17/2016
Investigations against Indians named in Panama Papers’ expose at ‘preliminary stage’
This group consisted of the officers of investigation division of the Central Board of Direct Taxes.
08/16/2016
Swiss HSBC account holders bent on cross-examining persons who shared their information with India
Several HSBC accountholders in their appeals to challenge the claims of the tax department have underscored the right to cross-examine.
08/16/2016
No Obligation to File Inaccurate Return to Avoid Failure to File Penalty
The taxpayer partnership claimed reasonable cause. The partnership tried, but failed, to obtain information it needed.
08/15/2016
Jakarta plans tax haven on two islands near Singapore
Bintan, Rempang earmarked to draw funds that may otherwise be kept outside Indonesia, says senior minister
08/15/2016
More capital from tax havens poured into Vietnam
The capital, including $8.7 billion worth of newly registered and $4.3 billion worth of additionally invested capiral, will be used to develop 1,408 projects.
08/15/2016
Government notifies revised tax treaty with Mauritius
India and Mauritius signed had signed the revised Double Taxation Avoidance Convention after prolonged negotiations at Port Louis.
08/15/2016
Scotland formally calls on UK to close "tax haven" loophole
Now – after a series of scandals involving such firms – Finance Secretary Derek Mackay has reached out to UK ministers with specific recommendations for reform.
08/12/2016
Mass Bank Account Data Shared By German State
Information sent to foreign tax authorities on more than 100,000 bank account holders suspected of tax evasion in 19 countries