03/13/2014

Georgia, Germany ink two financial agreements

Germany agreed to allocate 124.5 million euros to Georgia of which 115 million are a soft loan, and 9.5 million a grant on the basis of the agreement on financial cooperation.

03/13/2014

FATCA update for UK trustees

Many UK advisers believe that the Foreign Account Tax Compliance Act only applies to UK trusts if there are US beneficiaries, settlors or investments.

03/11/2014

Tiny Luxembourg blocks tax evasion law for EU

Luxembourg, a duchy of barely 500,000 people, was able to shelve the legislation for the 28-nation bloc and its 500 million citizens because the decision required unanimous approval at Tuesday's meeting in Brussels.

03/03/2014

Britain to scrap Bitcoin tax

The UK’s welcoming approach to Bitcoin contrasts with the approach of other countries, amid concerns about its use for tax evasion and money laundering as well as its notoriety for wide fluctuations in value.

03/03/2014

US FATCA in the UK | Updated HMRC Guidance Notes released

These guidance notes supersede the version released on 14 August 2013 and reflect the contributions received from UK businesses and advisers prior to the updated US FATCA Regulations issued by the IRS and US Treasury on 20 February 2014.

02/28/2014

HMRC’s Offshore Tax Avoidance Campaign

HMRC have launched a brand new offshore tax avoidance campaign, showing the strangely attractive eyes of HMRC leering at you through a map of the modern world.

02/28/2014

Russia targets offshore investors

The Russian Finance Ministry will offer companies based offshore but with operations in Russia a choice: either disclose their ultimate beneficiaries and maintain their zero tax rate, or pay taxes at the higher Russian rate.

02/24/2014

French Bank Account Regularization Requests Top 15,000

French Budget Minister Bernard Cazeneuve has told the National Assembly Finance Committee that almost 16,000 residents with undeclared foreign bank accounts have elected to regularize their tax situation in the last eight months, through a voluntary decla