09/02/2015
FATCA List – September 1, 2015
Under FATCA, firms have to report financial data held on file about any accounts controlled by US customers.
Tax
08/31/2015
New Zealand Proposes Property Withholding Tax for Offshore Investors
The amount to be withheld will be the lower of either 33 percent of the gain on the sale or 10 percent of the sale price.
08/31/2015
Italy Ratifies Switzerland, Monaco, Liechtenstein TIEAs
It was also noted that the protocol "widens the boundary of tax information exchange to involve all types of taxation, and foresees an end to banking secrecy.
08/29/2015
U.S. closes in on offshore tax evasion
The Internal Revenue Service loses billions of dollars annually because of offshore tax evasion.
08/28/2015
Jersey Tax Bulletin: FATCA Update - Deloitte
According to FATCA regulations, sponsored entities must have their own Global Intermediary Identification Number (GIIN) for FATCA reporting and withholding purposes by 31 December 2015.
08/28/2015
Protocol Amending Cyprus-South Africa Double Tax Agreement Signed
The protocol aligns the definition of a 'resident of a contracting state' with the 2010 Organisation for Economic Cooperation and Development Model Convention.
08/28/2015
BERMUDA: Island off tax haven ‘radar’, Premier says
We also discussed an issue that has been prevalent with the UK for some time
08/28/2015
Options for non-doms going forward
Figures show that non-doms paying the ‘remittance basis charge’ amounted to less than 0.2 per cent of the taxpayers in the UK.
08/27/2015
Seychelles No Longer a Tax Haven for Indians
All these show how India is wooing the Indian Ocean island nation - vital for ensuring that strategic imprint in the region is not encroached by China.
08/26/2015
Swiss Banks to Pay $4.4Mln Fine to Comply With US Tax Regulations
Two more Swiss banks have reached resolutions with the Justice Department under its Swiss Bank Program.
08/26/2015
Barbados will be removed from blacklist - Inniss
Inniss made the point as he maintained that the international business and financial services sector is critical to the local economy
08/26/2015
Which will come first: A decision in the FATCA legal challenge or the first exchange of info?
The Federal Court of Canada has committed to issuing its decision in the case before Sept. 15
08/26/2015
Bulgaria to exchange information with Guernsey on tax matters
The cabinet proposes the National Assembly ratifies the document, the press service of the Government announced.
08/25/2015
Tax Dooms Day Looming For Expat Contractors
Many contractors still subject to UK tax are trying to stay under the radar and believe because they work live and work overseas that tax rules in Britain do not apply to them.
08/24/2015
Global Tax Transparency Developments: FATCA and the Global Standard for Automatic exchange of information
.... and the impact on your investment structure.
08/24/2015
Tax Free Profits to Non-Domiciled Investors to Boost Cyprus' Investment Appeal
Cyprus' recently revised taxation framework make sit the only citizenship-by-investment program in Europe to offer non-domiciled investors tax free profits.
08/21/2015
Government approves pact with Seychelles to curb black money
A global regime of information exchange will go into force in 2017, arming governments with data to deal with illicit wealth.
08/21/2015
HMRC: The taxman cometh
UK authorities vowing crackdown on tax dodgers to prove system does not favour the rich and famous
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.
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.