Reporting on G20 Summit meetings being held in St. Petersburg and attended by UK Prime Minister David Cameron and Chancellor George Osbourne, Her Majesty’s Treasury has confirmed that the world leaders: gave their backing to the Organisation for Economic Cooperation and Development’s (OECD) action plan on base erosion and profit shifting (BEPS), presented to G20… More BREAKING NEWS: G20 Agrees Four ‘Next Steps’ to Tackle Global Tax Avoidance
(Image: CNN.Money) Is Canada legislating ‘tax fairness? If so, for whom? Here’s a list of some proposed changes about which the Canadian government has invited consultations until September 13; a week after this year’s G20 summit takes place in St. Petersburg Russia. A new regime for Canadian foreign affiliates to guarantee an appropriate income inclusion for… More Do Canada’s Reforms Promote Tax Fairness?
(Angel Gurría, Secretray-General of th OECD, Image: Industry Leaders Magazine) Although the OECD has refused comment on their leaked draft report on new measures to curb the use of tax havens to this month’s meeting of the G20 Ministers of Finance and Central Bank Governors, it has been widely circulated. Last month, Pascal Saint Amans, Director… More OECD’s Proposed New Anti-Tax Haven Initiatives
Options. A very good thing to have if you are a Euro Zone member in search of a bailout. It’s especially good if you also happen to be an ‘onshore’ financial centre with a corporate tax rate of 10% – the lowest in Europe – and none to fussed about Europe’s bailout ‘strings’. Cyprus is… More Who Needs EUROs We Want Russian Rubles.
First a ‘diploma’ tax was introduced by the Soviet Bloc in 1972 to combat the ‘brain drain’ caused by the growing number of Soviet Jews and other members of the intelligentsia emigrating to the West. Then as was typical during the height of the Cold War, the U.S retaliated and introduced the so-called Jackson-Vanik Amendment… More Now the Cold War is Officially Over.
In its first public statement on the new U.S law designed to combat tax evasion by U.S taxpayers and due to come into force in 2013, Russia has declared that FATCA breaches one of the fundamental incidents of sovereignty, namely the sovereign equality of states.The statement, issued on behalf of the Ministry of Finance by… More Russia Drops the ‘S’ Word.