Q: Who is Excluded from the EU Blacklisting Exercise? A: A differentiated approach was followed according to the status of the jurisdictions. First, the 28 member states and the territories considered to be European Commission – DG Taxation and Customs Union – 13/09/2016 part of a Member State such as those covered by Article 355(1) … More 4 Answers to the 4 Key Questions About the EU Initial List of Jurisdictions Highly Likely to Facilitate Tax Avoidance
The European Commission published on Thursday a list of 81 countries and jurisdictions that have a higher chance of facilitating tax avoidance and may be subject to further screening and even sanctions if all EU states agree. The “scoreboard” is the first step in a process that should be concluded next year with the first European … More ALERT: EU Issues Tax Haven Blacklist of 81 Countries Highly Likely to Facilitate Tax Avoidance
Amid the smiles in the after-glow of the 2016 G20 Leaders Summit, Japan is not mincing words. They want to know what does ‘Brexit means Brexit‘ really mean for the significant Japanese investment in the UK and Europe. After a ‘masterclass‘ in the responsibilities the UK has to the free trade system; in a … More Japan is Asking PM May the Hard Post-Brexit Questions.
The European Commission has today issued a press release confirming their finding that Ireland, granted undue tax benefits of up to €13 billion to Apple. This is illegal under EU state aid rules, because it allowed Apple to pay substantially less tax than other businesses. Ireland must now recover the illegal aid. Commissioner Margrethe Vestager, … More Ireland Must Recover 13 Billion Euros in Illegal State Aid to Apple.
FRANHENDY ATTORNEYS TAX ALERT Growth Returns to the Barbados Economy. Trajectory is Not Assured. No Additional Direct Tax Measures to Support the International Business and Financial Services Sector (IBFSS). Emphasis on Public-Private Sector Partnership to Spur Growth in the IBFSS Summary of the 2016 Budgetary Proposals: Removal of the imposition of duty on yachts remaining in Barbados … More FHA TAX ALERT – Barbados 2016 Budget
FRANHENDY ATTORNEYS WEEKLY REPORT TAX Is Africa now being carved up by a complicated web of offshore accounts, tax havens and tricky paper trails? New research seems to suggest this is exactly what’s going on. Offshore companies connected to 44 of Africa’s 54 countries disturbingly appear in the Panama Papers leak. Over 1,400 companies in the … More What You May Have Missed This Week…