12/29/2020
The Commission cited a survey conducted in May this year indicating that 63% of respondents supported a one-off wealth tax on households with assets over 2 million pounds ($2.7 million), excluding homes and pensions.
12/28/2020
It added that Russia and Malta signed the protocol on amending the Double Tax Agreement in October 2020.
12/23/2020
This update is a FAQ regarding persons involved in AML / CFT for RAIFs.
12/23/2020
"A gift into trust is often undertaken when someone wants to make a gift for the benefit of family members whilst retaining control of the assets gifted during their lifetime."
12/22/2020
On 21 December 2020, the Luxembourg Finance Minister announced an extension to the filing deadlines for 2019 and 2020 Luxembourg tax returns.
12/21/2020
Critics question HMRC’s strategy considering the billions lost to fraud each year
12/17/2020
Chairman says investment in staff created resilience to Covid-19 disruption
12/17/2020
Proposals for a UK wealth tax
The report suggests that a one-off wealth tax should include all assets worth more than £3,000, valued at their open market value.
12/16/2020
Amongst the many other repercussions of the pandemic, personal tax return preparation may not be as straightforward as in previous years.
12/15/2020
The question of whether VAT should be levied on MPS services surfaced earlier this year when the taxman ruled Tatton’s MPS was exempt from the tax.
12/15/2020
The French Supreme Tax Court (Conseil d’État) ruled that the French withholding tax on the capital gain derived from the disposal of a substantial shareholding in a French company by a non-resident company is not compliant with EU law.
12/13/2020
A ‘wealth tax’ is broadly a charge on a person’s assets, in contrast to the majority of taxes that are charged when cash or assets move between parties.
12/11/2020
The French government feels it is legitimate to maintain a tax for digital businesses, which it believes are not suffering as a result of the pandemic.
12/11/2020
The anticorruption prosecutor’s office has confirmed the existence of a new case involving the king, but has not elaborated.
12/10/2020
Does cross-border tax planning stand up to scrutiny?
Countries have shared details of offshore assets worth €10trn
12/10/2020
The report notes that a second stage of the monitoring process, now underway, will assess the effectiveness of automatic exchange now underway in more than 100 jurisdictions.
12/09/2020
The report finds tax continues to be a significant burden on UK charities
12/09/2020
It would be paid in instalments over five years, and apply only to wealth above the threshold.
12/09/2020
He added: This could push thousands of households who may be asset but not cash rich, into debt. A family owning a detached house in Southern England with modest pension and ISA savings could easily be caught.”
12/09/2020
Press officer of the Dutch Finance Ministry Remco Raus said that generally, the Netherlands is prepared to review the tax treaty and is constructive during the process