12/16/2015
Monaco confirms its commitment to implement Automatic Exchange of Financial Account Information
Many jurisdictions are now updating domestic legislation to ensure that financial institutions report information on financial assets held by non-residents. Financial information will be collected from 1 January 2016 in around 50 jurisdictions, for autom
12/16/2015
Policing the tax frontier – family businesses in the firing line?
HMRC have got a predicament on their hands when it comes to policing the boundary between low corporation tax rates, capital gains tax for individuals, and income tax. This continuing trend away from taxing companies and instead taxing individuals means c
12/16/2015
Fifty-three jurisdictions have agreed to automatic ex-change of tax information beginning in 2017, under the OECD's Common Reporting Standard.
12/16/2015
Corporate tax Tax Tax Disputes and Investigations Professional services Financial Services UK Europe
12/15/2015
Greek prosecutors investigating tax evaders raid Swiss Private Bank office
The information concerned accounts held by private individuals and companies with assets estimated to be worth up to 4 billion Swiss francs ($3.92 billion).
12/14/2015
Court documents in a case between Microsoft and the IRS provide a detailed look at how the company, like other multinational corporations, has created a complex structure that allows it to minimize its tax bill.
12/14/2015
Failure to respond may result in HMRC starting “a detailed investigation” into their tax affairs.
12/11/2015
Data openness - from space images to government budgets - sounds like a defensible cause. In the information age, citizens expect transparency, and degree of openness is an increasingly common benchmarking metric.
12/11/2015
Banks already under criminal investigation related to their Swiss-banking activities and all individuals were expressly excluded from the program.
12/11/2015
What makes Delaware a tax haven? First, Delaware is one of the easiest places in the world to set up an anonymous shell corporation.
12/11/2015
The Cayman Islands Tax Information Authority has issued an advisory addressing several points of note regarding the Common Reporting Standard in the Cayman Islands.
12/11/2015
New legislation brings the possibility of jail sentences for those who aren’t upfront with HMRC about assets held overseas
12/10/2015
Switzerland and India have been working closely together in the field of mutual administrative assistance over the past few months
12/09/2015
BARBADOS: Tax Bite
Sinckler issues fresh warning to delinquents
12/09/2015
Luxembourg's legislature said it would "completely collaborate" with the examination
12/08/2015
Most large Swiss banks have already requested from their Canadian clients evidence that their Swiss accounts are reported in Canada or that a voluntary disclosure has been initiated.
12/08/2015
The chancellor was reportedly warned about the loophole used by the chocolate giant to dodge paying millions in UK corporation tax
12/08/2015
The communiqué issued after the meeting was equivocal
12/07/2015
Although the UK Treasury decided against making changes in 2012, the international focus on tackling “base erosion and profit-shifting” is likely to trigger fresh scrutiny.
12/07/2015
On February 3, 2015, the China State Administration of Taxation issued the Announcement on Several Issues concerning the Corporate Income Tax on the Indirect Transfers of Assets by Non-Resident Enterprises