11/05/2014
Offshore Voluntary Disclosures: To Certify or Not to Certify
Taxpayers with undisclosed foreign assets face an even greater risk of detection than ever before.
Tax
11/03/2014
Labuan not fully exempted from GST
Labuan, which enjoys duty free status, will not be fully exempted from implementation of the Goods and Services Tax in April next year.
11/03/2014
Tougher disclosure rules for offshore accounts held by 'non-doms' once single tax reporting standard in force
Jason Collins of Pinsent Masons, the law firm behind Out-Law.com, was commenting as 51 countries signed an agreement that will activate the Common Reporting Standard for automatic exchange of financial account information in tax matters
11/03/2014
Russia approves law to clamp down on offshore tax sheltering
The new law would introduce modifications to the tax code that will force Russian owners of companies based abroad to pay taxes in Russia.
10/31/2014
Swiss Financial Regulator Pledges Crackdown on Individuals
Switzerland’s financial services watchdog pledged to crack down on individuals suspected of misconduct, abandoning what the regulator has called a historical “reluctance” to target people rather than institutions.
10/31/2014
Cameron vows to clamp down on companies that funnel billions into offshore tax havens
Companies which exploit loopholes to avoid paying tax in Britain will be made to ‘damn well pay
10/31/2014
Black money case fallout: India pulls out of multilateral information sharing agreement
Government sources said that India was unable to sign the pact as there was uncertainty about disclosures and lack of clarity
10/31/2014
Are offshore structures still advantageous in 2014?
Although in the past eight years or so, various UK Governments have introduced legislation which has withdrawn some of the previously available tax advantages of such structures, they remain valuable tax planning vehicles in the right circumstances.
10/30/2014
51 Nations Swap Offshore Account & Tax Data, FATCA On Steriods
A status report on committed and not committed jurisdictions will be presented to G20 leaders during their annual summit in Brisbane, Australia on November 15-16.
10/30/2014
Jersey Finance welcomes Jersey’s participation in ‘early adopters’ signing ceremony in Berlin
Jersey’s participation in a signing ceremony involving leaders and finance ministers of 51 countries and jurisdictions reflects its ongoing commitment to international cooperation and the highest standards of transparency, according to Jersey Financ
10/30/2014
Channel Islands sign tax agreement
Guernsey and Jersey have signed a multilateral competent authority agreement, which takes a further step toward the implementation of a new single global standard for automatic exchange of taxpayer information.
10/29/2014
Switzerland, India Differ On Bank Account Disclosures
A Swiss official says there is a disagreement with the Indian government as to 'what exactly will have to be disclosed'
10/29/2014
Government of The Bahamas Selects Tyler Technologies’ iasWorld Appraisal and Tax Solution
The Bahamas conducted a competitive review looking for an efficient appraisal and tax solution that would support the government’s use of modern technology to improve its property tax administration and collection processes while reducing manual wor
10/29/2014
Gilbratar Joins Landmark Tax Transparency Drive
Gibraltar will today sign an international agreement with at least 45 other countries to swap tax information automatically with each other from 2017.
10/29/2014
Bank-Data Sharing Accord Expands Push to Find Tax Cheats
The accord to be signed by finance ministers in Berlin today signals global determination by governments to capture tax revenue after the U.S. pursued banks such as Credit Suisse for helping Americans cheat on their taxes and German authorities bought CDs
10/29/2014
Bank-Data Sharing Accord Expands Push to Find Tax Cheats
The accord to be signed by finance ministers in Berlin today signals global determination by governments to capture tax revenue after the U.S. pursued banks such as Credit Suisse for helping Americans cheat on their taxes and German authorities bought CDs
10/29/2014
Narendra Modi Government Submits 'Black Money' List With Over 600 Names To Top Indian Court
Several activists have alleged that the income derived from India’s flourishing black money economy is used to fund election campaigns of a number of politicians.
10/28/2014
Caribbean Tax Reform Discussed At IMF Forum
Participants of a recent International Monetary Fund (IMF) forum discussed how to make the Caribbean's tax regime more investment friendly.
10/27/2014
Heads of Tax Administration agree global actions
The OECD/G20 Base Erosion and Profit Shifting (BEPS) Project and the move to automatic exchange of financial account information took centre stage when Heads of Tax Administration met on 23-24 October in Dublin, Ireland.
10/27/2014
Jersey 2015 Budget Stamp Duty Changes
The States of Jersey recently approved the 2015 Budget which contains some important changes in relation to stamp duty and Land Transaction Tax.