03/17/2020
Currently, business tax rates on profits vary between 15% for the tourism, agriculture and fisheries sector; 25%-30% for small- to medium-sized businesses; and 33% for the largest businesses.
03/16/2020
The automatic exchange of information can inform countries of their residents' wealth concealed offshore to escape tax.
03/13/2020
They said NBIM welcomed the OECD’s objective of addressing existing incentives for companies to shift profit geographically for tax purposes.
03/10/2020
The truth is, it is much harder to hide your money and remain anonymous in some forgotten corner of the world.
03/06/2020
Labuan entities carrying on a Labuan business activity that is a Labuan trading activity generally are taxed at 3% of their net audited accounting profits
03/03/2020
With Cayman Islands on the list we will not invest in the jurisdiction going forward"
03/03/2020
The panelists will meet in regional consultations, convene experts and stakeholders from across all sectors and explore new analyses of the issues and solutions.
03/02/2020
Certain tax obligations pertain to foreign nationals on home payment arrangements, whether partially or in full, and to those who come to the Philippines as short-term business travelers.
02/27/2020
It also says these payments may end up being taxed at "a very low rate or escaping tax altogether".
02/26/2020
As scrutiny of her business empire increased, African billionaire Isabel dos Santos turned to one of the world’s most secretive tax havens to conceal a $1.8 million luxury apartment.
02/26/2020
In light of the ongoing implementation of TRACE by Finland and the interest of other jurisdictions to follow suit
02/26/2020
In its annual “financial secrecy index,” released last week, the Tax Justice Network ranked the U.S. as the world’s second-most secretive jurisdiction, behind only the Cayman Islands.
02/24/2020
The Cayman Islands would not be highly ranked on any secrecy index that is objective, transparent, and based on standards established by global standard setting bodies.
02/24/2020
The disclosures illustrate the lengths many of the world’s richest people go to manage and protect their wealth.
02/21/2020
For corporate service providers, internal processes and systems will need to be reviewed to ensure that these submissions can be processed in a timely manner, with appropriate record keeping.
02/19/2020
The Cayman Islands Government has been actively engaging with the EU and has implemented laws to meet all of the EU's requirements
02/19/2020
Ireland has lower corporate tax rates than the United States, so the move reduced the company’s tax bill.
02/18/2020
Blacklisted jurisdictions could potentially incur a set of countermeasures from EU member states, including increased monitoring and audits, withholding taxes, special documentation requirements and anti-abuse provisions.
02/18/2020
The decision acknowledges that The Bahamas has implemented all the necessary reform to address concerns regarding economic substance, removal of preferential exemptions and automatic exchange of tax information.
02/14/2020
The analysis shows that Pillar Two could raise a significant amount of additional tax revenues.