01/08/2021
The OTS’s report has flagged that the effective rate for very large estates (i.e. estates over £7m) is, in fact, in the region of 10% once all relevant reliefs and exemptions are properly applied.
01/08/2021
As for the connecting factors based on where to charge IHT, most European countries use either the situs of the assets or the residence of the donor (and more rarely the residence of the donee) as the connecting factor to charge succession or donation tax
01/07/2021
The Cayman Islands exercises a legitimate economic policy choice to apply a zero rate of tax on all corporations and meets its revenue needs through customs duties and fees.
01/07/2021
Working mostly alone and for free, this student would try to hold back a wave of misinformation washing over the British island.
12/31/2020
The Guidance clarifies that the TIA will regard mutual and private funds registered with or licensed by the Cayman Islands Monetary Authority (CIMA), pursuant to the Mutual Funds Act (2020 Revision) or the Private Funds Act, 2020 respectively, as "in
12/29/2020
Through the experience we’ve taken lessons that include transforming our working way of life, allowing more freedom for our people to work flexibly and remotely.
12/29/2020
This proposal would result in companies having to pay tax in each Member State (MS) where they have a significant digital presence.
12/28/2020
It added that Russia and Malta signed the protocol on amending the Double Tax Agreement in October 2020.
12/23/2020
The AICPA disputed this interpretation of the CARES Act loan forgiveness rules, arguing that it was not Congress’s intent to disallow the deduction of otherwise deductible expenses.
12/22/2020
In the Irish Tax Monitor in the latest issue of Finance Dublin, William Fogarty shares his insights on the possible consequences that could arise for corporation tax from the 155 page Perrigo judgment issued in the High Court last month and Lynn Cramer lo
12/22/2020
On 21 December 2020, the Luxembourg Finance Minister announced an extension to the filing deadlines for 2019 and 2020 Luxembourg tax returns.
12/17/2020
The preliminary inquiry was opened by France’s Parquet National Financier, the country’s financial public prosecutor’s office.
12/16/2020
The Cayman Islands Department for International Tax Cooperation (DITC) is implementing version 2.0 of the OECD CRS XML Schema.
12/16/2020
A summary of the recent Luxembourg tax authorities decision to exclude Gibraltar companies from the benefits of the EU Parent Subsidiary Directive as of 1 January 2021.
12/15/2020
The Wealth Tax Commission (WTC), has published its recommendations on whether the UK should have a wealth tax.
12/10/2020
Does cross-border tax planning stand up to scrutiny?
Countries have shared details of offshore assets worth €10trn
12/10/2020
Cayman compliant with automatic tax information exchange frameworks
Cayman began exchanging the relevant information in 2017.
12/10/2020
International community reaches important milestone in fight against tax evasion
The report notes that a second stage of the monitoring process, now underway, will assess the effectiveness of automatic exchange now underway in more than 100 jurisdictions.
12/10/2020
Cayman compliant with automatic tax information exchange frameworks
Cayman began exchanging the relevant information in 2017.
12/08/2020
Global Alliance for Tax Justice said tax loss of $25.7 billion every year is equivalent to 52.46 percent of the continent’s combined health spending and equates to 28.67 percent of Africa’s combined education spending.