03/28/2019
More than 50 properties in Scarborough owned by tax haven companies
Companies registered in Jersey own the largest share in Scarborough, with 35 properties.
Tax
03/27/2019
Another tax amnesty scheme being prepared
The FBR has already sent out notices to high-net-worth individuals whose names do not appear on tax rolls.
03/27/2019
Canada moves to criminalise 'reckless' behaviour by advisers
This plan includes and amendment extending the offence of money laundering to include 'recklessness' as an alternative criterion for prosecution.
03/27/2019
HMRC wins £40 million battle against tax avoidance promoters
HM Revenue and Customs has won a legal case over tax avoidance scheme promoter Hyrax Resourcing Ltd, which will help the tax authority collect over £40 million in unpaid taxes.
03/26/2019
What double taxation agreements mean for UAE residents
The Emirates has 123 double tax treaties in force or pending, which benefit expatriates and companies
03/26/2019
ECLAC Reiterates call to reduce Tax Evasion in LAC
It adds that that tackling the high level of tax incompliance and illicit financial flows in the region is “more necessary than ever.”
03/25/2019
Like Multinational Companies, Africa's Richest Are Hiding Wealth And Avoiding Taxes
The September 2018 AfrAsia Bank Africa Wealth Report says the total individual wealth held in Africa amounts to US$2.3 trillion.
03/22/2019
Switzerland: Distance Selling Update
Other consignments into Switzerland are not considered in the assessment of the VAT threshold for e-commerce businesses.
03/22/2019
Media Blackout as Israel’s Largest Banks Pay Over $1 Billion in Fines for US Tax Evasion Schemes
The settlements are the end result of a series of Department of Justice (DOJ) probes that were related to the DOJ’s 2007 investigation targeting UBS AG, Switzerland’s largest bank.
03/21/2019
How shadowy tax havens skirt conservation efforts
Dark money foreign investments may bankroll deforestation and overfishing
03/21/2019
Advisers risk 'sleepwalking' into criminal prosecution
A company has a defence to the offence if it can demonstrate a system of "reasonable procedures that identifies and mitigates its tax evasion facilitation risks".
03/19/2019
Treaty to ‘dodge Kenyan tax’ deemed unconstitutional
“Today’s judgment validates our call for African countries to review all their tax treaties particularly those signed with tax havens.”
03/19/2019
GSD says tax treaty is ‘intrusive, harmful and politically inexplicable’
“It is, once again, another bad deal which is being given the hard sell by the Government.”
03/18/2019
Many offshore havens more compliant than the UK
There are no HMRC figures on how much tax is lost to the UK’s coffers in this way, but estimates put it in the billions.
03/18/2019
Luxembourg tax reform for 2019: Part II
For a Luxembourg company with profits exceeding EUR 200,000, the aggregate tax rate will decrease to 24.94%[1] from 26.01%.
03/17/2019
Raising corporation tax may seem like a vote winner, but it makes all of us poorer
The wrongdoing he had in mind is money laundering and tax evasion.
03/15/2019
IEA says attacks on tax havens undermine competition and privacy
IEA release report on offshore financial centres
03/14/2019
The Bahamas avoids EU’s blacklist
Ministry of Finance: Blacklist avoidance sends a “strong signal”
03/13/2019
Cayman dodges tax list but pressure persists
Officials from the Cayman Islands Ministry of Financial Services said that government was pleased Cayman was not on the black-list
03/13/2019
Israeli bank to pay $195M for US tax-avoidance scheme
The bank agreed to pay the government $53 million in restitution