10/25/2019
Half of the wealth in Cyprus and Malta kept offshore: EU report
Offshore holdings, although in many cases completely legal, could help taxpayers hide taxable money and cut their bills if they stash their savings in low-tax jurisdictions.
Tax
10/23/2019
Life companies seek fund industry help with tax charge
Risk that billions could be withdrawn from UK property funds by Christmas
10/23/2019
OECD proposals will shift taxable profits away from tax havens and back to customer countries by George Bull
The OECD has published new proposals for taxing international consumer-facing businesses.
10/22/2019
EU Council Confirms Mauritius as Compliant with EU Tax good Governance Principles
On 10 October 2019, the Economic and Financial Affairs Council of the European Union (EU Council) confirmed that Mauritius complied with the good governance tax principles of the European Union (EU).
10/22/2019
Rich Russians Demand New Tax Breaks
Business owners want a European-style tax system.
10/21/2019
Dealing with Italian società semplici in a UK tax context
Most Italian domiciliaries become alert to international estate planning once they become UK deemed domiciled for inheritance tax purposes.
10/21/2019
Taxes on polluting fuels are too low to encourage a shift to low-carbon alternatives
Taxes on road fuel are relatively high yet rarely fully reflect the cost of environmental harm, especially with some road transport sectors offered preferential rates.
10/21/2019
UK government pays millions to firms that use tax havens
Report from thinktank Demos finds that 24 out of 35 ‘strategic suppliers’ operate in offshore jurisdictions
10/18/2019
Italy’s tax treatment of cryptocurrencies: The risks and opportunities
This keeps crypto-assets fixed in the attention of investors and experts.
10/18/2019
Maltese offshore wealth estimated at around €5.2 billion
The estimated offshore wealth doubled from €2.3 billion to €5.2 billion between 2011 and 2016
10/18/2019
Italy unveils new landmark tax on internet giants
The new tax would be applied to companies with sales of over 750 million euros, of which at least 5.5 million euros come from services provided in Italy, according to Italian media reports.
10/17/2019
Luxembourg 2020 budget bill: tax rulings issued before 2015 expire
Although the bill needs to go through the usual legislative process and the final law remains to be seen, this particular measure is likely to be adopted.
10/15/2019
Norway’s tax system has increased inequality, report finds
It is this particular change which has had the biggest impact on overall income inequality, according to the SSB analysis.
10/14/2019
Cyprus, Malta lead EU ranking of $1.6 trillion assets held offshore
Among the measures adopted in recent years to tackle tax dodging is the establishment of an EU blacklist of tax havens.
10/13/2019
Divorcing couples: beware the capital gains tax trap
This change to the final period exemption could impact on a number of individuals, including those who have purchased a new home before completing the sale of their existing home.
10/09/2019
Nordic Lenders at Risk From Eastern Europe’s Latest Tax on Banks
The lenders themselves declined to comment, saying communication is at this stage being carried out via the banking association.
10/09/2019
Could IHT really be abolished?
The Office of Tax Simplification reports published in November 2018 and July 2019 set out some proposals for reforming inheritance tax.
10/03/2019
Is an inheritance tax cut on the cards?
UK chancellor says ‘it’s something that’s on my mind’
10/03/2019
Germany publishes revised tax law requiring disclosure of cross-border transactions
An intermediary must inform the tax authorities of these tax arrangements and the taxpayer’s involvement in the respective model and a range of other information.
09/27/2019
Investment management tax alert - Deloitte
A significant number of US mutual funds have already filed EU withholding tax reclaims and some funds have received repayments in some jurisdictions.