01/17/2014
PwC launches Intergovernmental agreement monitor
The expected wave of intergovernmental agreements (IGAs) implementing the tax reporting and withholding procedures commonly associated with the Foreign Account Tax Compliance Act (FATCA) has begun.
01/16/2014
US banks’ challenge to tax info exchange fails
Judge: Reciprocity needed to fight offshore tax evasion
01/16/2014
The DOJ said on Jan. 13 that the Florida Bankers Association and Texas Bankers Association had challenged the 2012 amendments to the Department of the Treasury’s interest-reporting regulations.
01/15/2014
Cazaneuve told lawmakers today that 11,000 people had applied to take advantage of the offer and this represents "potential revenue of more than one billion euros" for the French state.
01/13/2014
HMRC stepped up its attack on banks and other businesses that paid salaries and bonuses through trusts, ratcheting up an extra compliance bill for the 770 companies in the large business sector by 160 per cent to £533m in the year to April 2013.
01/07/2014
Some of the world’s most notorious secret account havens have agreed to give information about U.S. taxpayers to the Internal Revenue Service.
01/06/2014
Although this act is likely to further deteriorate FDI performance in the short term, it will undoubtedly improve Bulgaria's global investment climate in the long run, Global Risks Insights reports.
01/02/2014
Bermuda has a “long way to go” before it cannot be considered a tax haven
01/02/2014
The agreement was signed on behalf of the Government of Anguilla by Honourable Chief Minister and Minister of Finance, Mr Hubert B. Hughes and UK’s Exchequer Secretary to the Treasury, David Gauke.
01/02/2014
The state altered its tax laws to end the duration of a trust to the lifetime of a living heir
12/30/2013
The pension and investments specialist said the effort that HMRC is wasting on its delayed acceptance of the jurisdiction is to ‘no useful purpose’.
12/30/2013
Firms 'use offshore trusts to pay huge bonuses'
Revenue launches crackdown on tax-free 'bullet loans' to staff
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