05/23/2022
G7 countries cost the world $115 billion in lost tax – African finance ministers call for a UN tax convention
Three G7 countries ranked among the top 10, with the US in 1st, Japan in 6th and Germany in 7th.7
05/23/2022
Each country is given a score according to how much each country’s financial and legal system allows individuals to hide
05/18/2022
Tax havens are countries with very low tax rates and laws that are conducive to corporate secrecy.
05/17/2022
Guernsey Tax Alert: Are you ready for Economic Substance for partnerships and Revenue Service enquiries into Economic Substance for companies?
Guernsey Partnerships are also now required to file a tax return for the first time, and the relevant timings for both Economic Substance compliance and tax return filings are aligned, as detailed below.
05/10/2022
‘Ghost dom’ tax loophole hampering efforts to stop sanctioned Russian money flowing into UK
One official working on British sanctions policy told The Independent that the UK’s tax system, and specifically “ghost doms” and non-doms, “severely limited” their ability to track and trace individuals’ income streams
05/08/2022
Arrangement has allowed bank to earn billions of pounds nearly tax-free for over 12 years
04/28/2022
Halkitis said officials are contemplating the creation of a “large taxpayer unit” within the Department of Inland Revenue in an effort to improve service to that segment, noting
04/27/2022
Australians have been paying more tax and losing out on funds that should be available for vital services like Medicare, aged care and child care while multinationals have been using tax havens and tax avoidance schemes to avoid paying tax in Australia.
04/27/2022
This loophole works because the beneficial owner of an account is not always reported under the OECD’s standard (CRS) and is never reported by the US under the inter-governmental agreements (IGAs) related to the Foreign Account Tax Compliance Act (F
04/26/2022
The Commission is therefore looking at ways to make improvements in this area and has launched a consultation on the problems at stake as well as on possible measures and their potential impacts.
04/25/2022
Andorra, Macau (China) and Tunisia ensure that MAP agreements can always be implemented notwithstanding domestic time limits.
04/21/2022
In total, the combined tax lost to offshore wealth across the UK and these three British overseas territories sits at a huge £64.5bn per year, Post told City A.M. today.
04/20/2022
Tax havens are increasing inequality and eroding the wealth of the poorest people in society
04/19/2022
In his second action plan against fiscal and social fraud, Van Peteghem outlined 23 measures.
04/19/2022
Heavyweight economists demand a global register to stop the wealthiest depriving countries of what they owe
04/19/2022
They have further been advanced by NGOs on a mission to eliminate international financial centres.
04/18/2022
Additional recommendations that appear to be aimed at ensuring consistency with the HNWI Unit include provisional taxpayers with business interests now being required to submit their assets (at cost) and liabilities in their tax filings each year.
04/14/2022
These proposals seek to address issues linked to the increasing globalisation and digitalisation of the economy.
04/14/2022
The paper, OECD Pillars 1&2 - Tax Policy Reflections, highlights current policy thinking on the recommendations made by the OECD.
04/14/2022
Founders Diane de Garis and Danielle Bennett said that their businesses shared values and that by joining forces they could take their services to clients to the next level.