10 Things OFCs Need to Know About the G20’s New Anti-Tax Haven Agenda

1. More than ever, ensuring that all taxpayers pay their fair share of taxes is a priority for the G20 because of the severe fiscal consolidation and social hardship in many countries. 2. The G20 intends to ensure that neither international nor domestic tax rules allow or encourage multinational enterprises to reduce overall taxes paid… More 10 Things OFCs Need to Know About the G20’s New Anti-Tax Haven Agenda

Bermuda, British Virgin Islands and Jersey Blacklisted Again by France as Tax Havens.

(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.

G20 Now Fully Subscribed to New OECD Tax Evasion Crackdown

Chinese Premier Li Keqiang Image:FoxBusiness With only days to spare before the G20 Heads of Government Summit in St. Petersburg next week, on Tuesday the Organisation for Economic Cooperation and Development (OECD) announced that China had signed the OECD Multilateral Convention on Mutual Assistance in Tax Matters. According to Secretary General of the OECD, Angel Gurria,… More G20 Now Fully Subscribed to New OECD Tax Evasion Crackdown

OECD Global Forum Announces Publication of November Tax Haven Blacklist.

Head of South Africa’s Revenue Service and chair of the OECD Global Forum on Transparency and Exchange of Information (Global Forum), Kosie Louw, speaking following the release of 11 new reports on the adequacy of the assessed countries information exchange in practice; and two Phase 1 reports on the adequacy of the legal and regulatory… More OECD Global Forum Announces Publication of November Tax Haven Blacklist.