11/10/2021
The revision of the law now also stipulates how mutual agreement procedures are to be carried out at national level, provided the applicable agreement does not contain any deviating provisions.
11/04/2021
In order to increase revenue, the current proposal would impose a surtax on individuals with income in excess of $10 million per year and on trusts at much lower income levels.
11/01/2021
Two multilateral instruments are still to be designed, signed and ratified before binding changes come into effect.
11/01/2021
This is not the first time the public has learned about how the wealthy evade taxes and shield their riches.
10/29/2021
Data suggests public scrutiny may influence whether firms disclose offshore subsidiaries
10/28/2021
Dynasty trusts have been established that allow wealth to be transferred from generation to generation, while avoiding federal estate taxes.
10/28/2021
In recent weeks, more than 130 countries have agreed that corporations will pay more taxes in the countries where they earn their money.
10/28/2021
But tax experts said the government could have gone further to ensure companies and individuals pay the tax they owe.
10/27/2021
Five policy approaches proposed
10/26/2021
Many financial institutions have experienced significant internal pressures when implementing these complex requirements
10/25/2021
The agreement, if implemented, could increase the complexity of the international tax system. Pillar One requires new source rules and dispute resolution procedures specific to those MNEs subject to the special nexus rule.
10/22/2021
MEPs deplored the fact that following the Pandora Papers revelations, the Council of EU Finance Ministers decided to shorten the EU list of tax havens
10/22/2021
United States: Challenges expected in US implementation of OECD agreement on global tax reform
While this agreement is a key milestone in the process, there is still a great deal of technical work ahead, and implementation of the agreement—targeted for 2023—will have its own challenges, including in the US.
10/21/2021
Solvency II equivalence and reciprocal jurisdiction status in the U.S. Bermuda is a member of the OECD Inclusive Framework
10/21/2021
Additionally, for those whose tax bill would be higher under independent taxation, a new compensatory allowance would also be introduced to make sure couples will not be worse off by moving to independent taxation.
10/20/2021
Bermuda is a member of the OECD Inclusive Framework and joined the OECD statement in July 2021 as it seeks to be an active participant in shaping the final details of the BEPS plan.
10/19/2021
This article considers how courts have approached TIEA requests in three offshore jurisdictions.
10/18/2021
MT Asks: Global leaders have agreed on a minimum corporate tax rate, but how will it actually affect business leaders?
10/18/2021
Indicative of the potential for greater flexibility in its post-Brexit economic policy, the UK government has affirmed its commitment to implementing a competitive new regime, addressing the domestic tax challenges faced by managers forming intermediate e
10/15/2021
Switzerland will need at least a year to gain domestic approval for new tax measures to conform with a 15% global minimum corporate tax rate, according to Guy Parmelin, who holds the rotating Swiss presidency this year.