Canadian tax experts from industry and the public sector will discuss what Canada’s response should be to the OECD Base Erosion and profits Shifting (BEPS) agenda. Hosted by Bloomberg BNA and Baker and McKenzie the talks will be facilitated through two events : The 3rd Annual Global Transfer Pricing Conference: Toronto, which will take place… More Canada to Discuss Its Response to BEPS …Affirms Its Commitment to a Free Trade Agreement with Europe…Some Implications for OFCs
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
On page 11 of the OECD report to the recently concluded G8 Summit titled “A Step Change in the Transparency Agenda” is the following footnote: “In view of the next G20 Summit, we also strongly encourage all jurisdictions to sign or express interest in signing the Multilateral Convention on Mutual Administrative Assistance in Tax Matters… More I Predict a New OECD Tax Haven Blacklist…Here’s the Evidence.
Offshore wealth is now at 8.5 trillion dollars – a rise of 6.1 percent – and is expected to reach 11.2 trillion dollars by 2017. According to the Boston Consulting Group the top three destinations for this money are Switzerland, Singapore and Hong Kong; who together have only managed to muster a total of one… More (PODCAST) Why OFCs Need to Mind Their Own Business.
“It’s their own fault”, claims a former head of the Bahamas Chamber of Commerce in expressing his support for the government’s plan to impose a Business Licence fee on the Bahamian commercial banking sector equivalent to 3 per cent of their annual gross revenue. Also announced was a new stamp duty on profits and dividend repatriation;… More Bahamas Hits the Banks Where It Hurts.