08/20/2015
International finance centers play a significant role in Russian foreign direct investment (FDI). For example, in 2012 it was observed that 11 of the 40 main recipients of Russian FDI were IFCs. Of these finance centers, the largest recipients were the BV
08/19/2015
Tax amnesties and the like are nothing new, but they are always controversial and often problematic.
08/19/2015
Since its inception in September 2009, more than 6,500 people have registered to participate in the Liechtenstein Disclosure Facility. More than 5,900 disclosures have been received by HM Revenue and Customs, with over £1.6bn raised so far.
08/17/2015
The Revenue Commissioners says it is now able to examine how people use their credit and debit cards to help determine if they are avoiding tax.
08/14/2015
Representatives of Guernsey's government, the regulator and industry bodies have been working together to inform EU and EEA authorities of Guernsey's position in the OECD.
08/14/2015
The new 'Implementation Handbook' is designed to assist countries with their implementation of the CRS.
08/13/2015
Tax advisers have warned their wealthy clients that they are in the sights of tax authorities.
08/13/2015
Isle of Man removed from Italian blacklist
08/12/2015
A recent decision from the Supreme Court regarding the UK income tax treatment of a member of a Delaware LLC could have implications for UK trusts with overseas beneficiaries.
08/12/2015
Tax administrations continue to face the challenges of improving their performance while reducing costs, decreasing compliance burdens for taxpayers tackling non-compliance.
08/10/2015
Their warning comes days after it emerged that HMRC has set up a new taskforce
08/10/2015
The Paris-based OECD said last week that many transgressors were facing “the last window of opportunity” to disclose such information.
08/10/2015
Key point: all qualifying non-residents will have to file a tax return within 30 days of a disposal of a UK residential property
08/10/2015
The OECD has released three new reports to help jurisdictions and financial institutions implement the global Standard for automatic exchange of financial account information
08/10/2015
In a bid to raise more tax, the UK Summer Budget introduced a number of changes which will significantly impact the offshore world.
08/07/2015
On 16 July 2015, the Government issued four consultation documents on the topic of offshore tax, non-compliance and evasion.
08/07/2015
The new agreement closely follows the 2010 OECD Model Convention, with only minor modifications, and the Protocol to the agreement clarifies the information exchange provisions. Details of the DTA and Protocol are now available, and they are analyzed in t
08/07/2015
Anomaly emerges that effectively doubles the annual limit on pension savings
08/06/2015
Specialist officers will cross-reference information on these wealth indicators with the data HMRC already holds on their owners.
08/05/2015
REPRESENTATIVES of the US and Slovakia signed the Foreign Account Tax Compliance Act on July 31 in Bratislava.