07/31/2019
Luxembourg’s government formerly approves new Double Tax Treaty with France
The treaty had been signed by both countries in the spring of 2018
Tax
07/29/2019
Tax laws of 12 low-tax countries ‘don’t harm other countries’, says OECD-led 131 country coalition
The premier encouraged tax administrators to share their respective experiences and try to come up with a regional collaborative framework to address these challenges.
07/29/2019
Grand Theft Tender? How €56bn went to tax havens
Countries officially blacklisted or greylisted as tax havens by the EU.
07/29/2019
Jeffrey Epstein Wealth Boosted by Virgin Island Tax Breaks
By, possibly, 90%.
07/26/2019
Jersey’s Domestic Legal Framework and Tax Regime Receives OECD Support
This latest endorsement follows the introduction of new substance legislation by the Jersey authorities last year which successfully met the requirements of the EU Code of Conduct Group.
07/26/2019
Tax Treaty Updates: New treaty protocols ratified by Senate - Deloitte
The new treaties/protocols address various topics, including withholding taxes on transactions between US and foreign companies, and taxation of both individual and corporate taxpayers to avoid double tax situations.
07/25/2019
Tax Treatment Of Investment Funds In Ireland - IFA 2019 National Reports (Cahiers)
Andrew Quinn, Head of Tax, and Lynn Cramer, Tax Partner, of the Maples Tax Group are Irish National Reporters for the prestigious and long running International Fiscal Association (IFA) 2019 Reports (Cahiers) and Annual Congress 2019.
07/24/2019
Mauritius Leaks Explained: How archaic tax treaty allowed island nation-based offshore firms avoid taxation in India
The modus operandi — which may arguably be by the book — thrived on Mauritius' opaque financial laws devised to facilitate the State turning into a haven for offshore firms, the large amount of one-sided "tax treaties" the count
07/24/2019
Tax laws of 12 low-tax countries including BVI, Bermuda, Cayman don’t harm other countries, 131-country group concludes
The standard requires that for certain highly mobile sectors of business activity other than IP, the core income generating activities must be conducted with qualified employees and operating expenditure in the jurisdiction.
07/24/2019
U.S. Companies Repatriated Offshore Profits in Record Numbers Last Year
Ireland was the third largest source of repatriated cash, but the value is suppressed because of confidentiality rules in the country, according to the report.
07/22/2019
HMRC awards £22m of contracts to an arm of Amazon based in tax haven Luxembourg
HMRC said the contracts were with a UK arm of the Luxembourg-based company but refused to comment on Amazon's tax affairs.
07/22/2019
Jersey-based financial services business to acquire tax accounting specialist
Current owners will join LGL to lead the merged business and the combined workforce in the jurisdiction.
07/18/2019
OECD seeks input on tax dispute resolution in Andorra, Anguilla, Bahamas, Bermuda, BVI, Cayman, Faroe Islands, Macau, Morocco, Tunisia
The OECD has already requested information concerning the tax treaty dispute resolution mechanisms in 60 other countries.
07/18/2019
US Senate ratifies protocols to tax treaties with Japan, Switzerland, Luxembourg
The US-Japan tax treaty protocol and related exchange of notes, signed in 2013, exempts from withholding all cross-border payments of interest and expands the withholding tax exemption for dividend payments.
07/18/2019
Deloitte’s Annual Tax Debate focuses on evolution of international tax laws and their impact on Guernsey
Daniel stated that on one hand there has been a drive towards greater transparency with regime
07/18/2019
Gibraltar - UK Double Taxation Agreement
The terms included in the Gibraltar DTA will need to be seen and studied as and when it is pThe terms included in the Gibraltar DTA will need to be seen and studied as and when it is publishedublished
07/18/2019
ISOLAS Welcomes Upcoming Double Taxation Agreement
The agreement highlights Gibraltar’s commitments to the international standards of tax transparency
07/18/2019
Bahamas: New tax reforms in effect
To allow businesses to select a time period that corresponds with their financial year, there will be four periods in the calendar year
07/17/2019
Loan charge: those who disclosed tax avoidance won't face penalties, says minister
Around 50,000 contractors who used loan-based tax avoidance schemes dating back 20 years are being targeted by the charge.
07/15/2019
Global Forum on Tax Transparency assists Morocco to implement Exchange of Information on Request
Following this seminar, they carried out a mock on-site visit from 3 to 5 July conducting a preliminary assessment to identify areas where improvements are needed and prepare stakeholders for the review process.