10/21/2018
Countries are deemed to be tax havens or to have a preferential tax regime if they apply a special beneficial tax regime to nonresidents (either companies or individuals) with a view to attracting capital and/or investment.
10/19/2018
Santander's role in the scheme was to carry out trades, the prosecutors say, as one of many parties involved.
10/17/2018
The hope, presumably, is that by lowering income taxes, the UK economy will receive a shot in the arm by supporting existing wealth-creators and attracting new ones.
10/17/2018
The banks are also said to be collaborating to build out and secure digital banking channels to reduce long in-bank lines to ease customer pain and shave staff costs.
10/16/2018
Tax and accounting highlights
10/15/2018
Foreign accounts can still be kept secret from tax authorities, says report
10/15/2018
Checks are carried out to ensure The Queen does not end up embarrassed by who she honours
10/15/2018
Citizens reported only around 9,000 foreign accounts in 2016
10/11/2018
OECD releases 2017 global mutual agreement procedure statistics
Improving the effectiveness and timeliness of dispute resolution mechanisms is the aim of Action 14 of the BEPS Action Plan (read the final report on Action 14 of the BEPS Action Plan) and is also part of the wider G20/OECD tax certainty agenda. The Actio
10/11/2018
Panama shares financial accounts data with 31 countries
The objective of the process is to comply with transparency of the exchanges of financial entities in the country, as well as to determine and identify specific areas of taxation at the local level.
10/10/2018
The ATO has been looking at thousands of emails and documents that were part of the Paradise Papers as they relate to Australia.
10/10/2018
Both measures are anti-abuse rules that aim to tax multinational firms that transfer assets offshore.
10/08/2018
Pakistan is currently investigating data of three leaks about Pakistani offshore investments and — two leaks related to tax havens — Panama and Bahamas — which did not offer to share automatic information with Pakistan under the new tax
10/07/2018
They used encrypted computers, had business cards without the lender’s logo and were told to switch hotels regularly, according to prosecutors.
10/05/2018
Liechtenstein and Peru removed from the greylist
10/05/2018
The listing process is part of the EU's initiative to tackle tax avoidance and evasion and promote fairer taxation, within the EU and globally
10/04/2018
Audits cover a cross-section of industry sectors including agriculture, construction, financial services, information technology and communications, hospitality, manufacturing and mining.
10/02/2018
Failure to comply with the new law could result in unlimited financial penalties, ancillary orders such as confiscation orders or serious crime prevention orders, and serious reputational damage.
10/02/2018
Washington regulators crack down on money laundering in the tiny Mediterranean island in a bid to check Moscow’s power in Europe
10/01/2018
Any individuals who have paid the incorrect amount of tax on overseas income in previous years must have corrected their tax returns by the deadline, or the potential fine will double to 200% of tax owed.