(Bermuda Premier Craig Cannonier) And so it continues. Expressing its customary surprise and outrage at the territory’s inclusion in France’s latest tax haven blacklist, Bermuda has argued the following lines of defense: It has an existing tax information exchange agreement (TIEA) exchange with France, one of 39 bilateral transparency agreements Bermuda has, including with 90 percent of the … More Bermuda, British Virgin Islands and Jersey Blacklisted Again by France as Tax Havens.
( US President Obama Image: Headlinedigest) Absolutely NOT! Is America’s emphatic response to French proposals tabled this week ahead of the G20 finance ministers meeting for a new tax on internet multinationals like Apple, Google and Amazon, based on the volume of personal data collected. France’s quarrel with the U.S is that according to existing … More Obama Rejects Tax on Personal Data Collection.
Your summary of the biggest tax, trade and investment headlines affecting International Business and Financial Services. 1. India to blacklist treaty partners over concerns about the lack of effective tax information exchange. 2. The British Virgin Islands, with a population of 30,000, is now the fifth biggest recipient of FDI in the world, said the annual World … More franhendy’s OFFSHORE WEEKLY
(French Finance Minister Pierre Moscovici Image courtesy ukreuters.com) Within days of my own prediction of a new OECD tax haven blacklist, France announced that it will amend its anti-tax evasion legislation to ensure that countries who do not adopt the automatic exchange of information by 2015 will be ‘blacklisted’. This means that operators located in, or realising … More France Announces New Tax Haven Blacklist. Are You Surprised?
(President Francois Hollande) With legislative elections pending you would be mistaken if you thought French President Hollande might go easy on the tax hikes. No so! Determined to make good on his promise to banish austerity Hollande is set to unleash a suite of tax measures targeting savings, wealth and top-income earners. Ignoring spending cuts demanded … More Hollande: Au Revoir et Bonne Chance!