08/21/2015
Double Taxation Avoidance Agreement between South Africa & Mauritius
The notebook of Gary Gowrea, Head of Tax, Advisory and Corporate Structuring for Cim Global Business.
Tax
08/20/2015
The fight of the EU against tax avoidance: More powers for Brussels
The confidence with which the European Parliament keeps reiterating the quantitative effects of BEPS is somewhat surprising.
08/20/2015
The New Protocol To The Cyprus - South Africa Double Taxation Agreement
The Protocol amends the 1997 DTA in three areas, namely the definition of residence, withholding taxes on dividends and exchange of information. Importantly, it does not change the existing, highly beneficial, arrangements regarding taxation of capital ga
08/20/2015
The horse may have bolted … but CRS, the ‘son of FATCA,’ may get pushback if FATCA is repealed in 2017
The basic principle of FATCA is the assumption that every financial account held by U.S. citizens overseas is potentially used for the purpose of evading U.S. taxes.
08/20/2015
The role of offshore jurisdictions in Russia
International finance centers play a significant role in Russian foreign direct investment (FDI). For example, in 2012 it was observed that 11 of the 40 main recipients of Russian FDI were IFCs. Of these finance centers, the largest recipients were the BV
08/20/2015
Is FATCA chasing a leprechaun and his pot of gold?
The critical underlying justification for FATCA as a substantial revenue offset ultimately rested on a single statement and its footnote in that 2008 Report
08/20/2015
Offshore Banking Group Brought Down By Long Arm Reach Of The SEC
Ian Huskisson from Travers Thorp Alberga in the Cayman Islands discusses the recent demise of the Caledonian offshore banking group as a result of "incredible government overreach" by the Securities and Exchange Commission.
08/19/2015
Tax expert warns Liechtenstein replacement will be tougher
Since its inception in September 2009, more than 6,500 people have registered to participate in the Liechtenstein Disclosure Facility. More than 5,900 disclosures have been received by HM Revenue and Customs, with over £1.6bn raised so far.
08/18/2015
AUSTRALIA: Tax laws to target big global companies
Thirty major multi-national companies will be targeted by the Abbott Government under a new assault on tax evading firms that has already brought in an extra $400 million in revenue.
08/14/2015
Cayman Islands Implementing OECD Common Reporting Standard by October 2015
The CRS represents a significant step towards the global automatic exchange of information ("AEOI") for tax purposes and there are currently more than 90 countries that have committed to its implementation.
08/14/2015
OECD publishes guidance on international standard for automatic exchange of tax information
The new 'Implementation Handbook' is designed to assist countries with their implementation of the CRS.
08/13/2015
Switzerland, Belize Sign TIEA
The agreement must now be approved by the Swiss parliament and may be subjected to a referendum before it can enter into force.
08/13/2015
Moore Stephens staff listed in Citywealth Future Leaders List
Each professional included on the list has been recommended by their directors, senior peers and clients.
08/13/2015
Bahamas Tax Compliance Certificate to Be Introduced
These obligations include filing tax returns and paying the assessed taxes.
08/13/2015
Isle of Man Tax Bulletin - Deloitte
Isle of Man removed from Italian blacklist
08/12/2015
Supreme Court decision could have implications for UK trusts by Joan Foster
A recent decision from the Supreme Court regarding the UK income tax treatment of a member of a Delaware LLC could have implications for UK trusts with overseas beneficiaries.
08/12/2015
New report compares performance, best practices and trends in 56 tax administrations
Tax administrations continue to face the challenges of improving their performance while reducing costs, decreasing compliance burdens for taxpayers tackling non-compliance.
08/11/2015
Bahamas set to comply with international FATCA standards
The Bahamas is a well-established, well regulated, fully compliant jurisdiction.
08/11/2015
Offshoring In The Current Tax Climate - Deloitte
HMRC have been increasing their focus on offshore and tax structuring arrangements for some time now and there has been a noticeable shift in their approach towards such arrangements.
08/11/2015
IT department not to disclose voluntary wealth disclosures
The facility is available under the Black Money Act’s compliance window, which ends on 30 September