12/27/2013
Cyprus may no longer be a tax haven for funds
New Delhi made clear its displeasure with Cyprus for not providing information on tax evaders under the agreement between the two countries for avoidance of double taxation of income and prevention of tax evasion in force since 1994.
12/24/2013
France to remove Jersey, Bermuda from tax-haven blacklist
"As of today, Bermuda and Jersey have satisfied all of France's requests for information, which will enable them to avoid reprisals contained in the law," the ministry said in a statement on its website.
12/24/2013
Tax Information Exchange – Where Are We Now? - Maples and Calder
Since the financial crisis there has been a marked acceleration in the number and scale of initiatives designed to enable states to get information about income its taxpayers earn abroad.
12/23/2013
The agreement is based on international standard of transparency and exchange of information and provides for exchange of information that is relevant to the administration and enforcement of the domestic tax laws.
12/23/2013
The agreement, which signals international cooperation on tax law enforcement and compliance, seeks to promote transparency on tax matters.
12/23/2013
Miners who unearth gems in Sierra Leone are motivated to smuggle the stones out of the country in order to avoid having to pay a 15% tax on diamonds valued at over half a million dollars.
12/23/2013
Jersey Finance has welcomed confirmation from the French Ministry of Finance that Jersey has been removed from France’s list of non-cooperative jurisdictions.
12/20/2013
The bizarre proposal, contained in a $200,000 taxpayer-funded study for the ATO, proposes to "enhance his personal profile'' by paying a charity of Hogan's choice instead of an appearance fee
12/20/2013
The United States has signed anti-tax fraud pacts with six countries and territories including some considered tax havens.
12/17/2013
Finance Minister Edward Scicluna and US Ambassador Gina Abercrombie-Winstanley signed the Foreign Account Tax Compliance Act yesterday
12/15/2013
Hopeful of signing a new TIEA with India soon, Mauritius has said its regulatory authorities and financial intelligence units are actively cooperating with their Indian counterparts for sharing of information.
12/13/2013
Russia needs to address the problem of illicit capital outflow and tax evasion, and more effort needs to be put into supporting economic growth in the Far East, according to the President Vladimir Putin.
12/13/2013
Woman Indicted in Cayman Island Tax Scheme and for Lying to Federal Authorities
Offshore tax evasion is an issue of fundamental fairness
12/13/2013
The announcement that Jersey has signed an agreement to implement the US Foreign Account Tax Compliance Act provides further evidence of its active role in developing international tax compliance initiatives.
12/13/2013
Guernsey's Chief Minister was joined by his Crown Dependency counterparts today in signing a FACTA agreement with the US Government.
12/12/2013
Bracken Rothwell and the Fairway Group have joined the Europe, Middle East and Africa region.
12/12/2013
Worldwide: Spilling Secrets: The End Of Confidentiality In Offshore Financial Centres
OFCs are most frequently associated with tax evasion or other unlawful uses, although there are numerous legitimate purposes for setting up an offshore account or corporation.
12/11/2013
Chancellor comes knocking for fat foreign incomes: Government moves to clamp down on tax loophole
12/11/2013
South Africa has a number of attributes that make it attractive as a place from which to manage international investment portfolios
12/11/2013
The Foreign Account Tax Compliance Act is an important development in US efforts to improve tax compliance,