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
According to the UK All Party Parliamentary Group on Responsible Tax (APPG), which was formed on September 14, last year; and is headed by Labour MP, Dame Margaret Hodge, ” the OECD’s action plan for tackling base erosion and profit shifting (BEPS) has fallen short of creating the fair global system needed to combat global… More ‘Responsible Tax’ UK Parliamentary Lobby at Odds with OECD Tax Avoidance Package.
In 10 reports released today, by the OECD Global Forum on Transparency and Exchange of Information, St. Lucia, Switzerland, Albania, Cameroon, Gabon, Pakistan and Senegal are all found ‘Largely Compliant with international tax transparency and exchange of information rules. The United Arab Emirates was found ‘Partially Compliant’ only. Both Ukraine and Liberia‘s legal and regulatory framework… More Just In: Switzerland Now ‘Largely Compliant’ with International Transparency Rules.
One: As part of its tax avoidance agenda, the EU has proposed a new approach to deal with third countries that refuse to comply with tax good governance standards. The aim is to replace the current medley of national lists with a single EU list of third countries, which would result from a fair and objective… More Six Things You Need to Know Now About The EU Common Blacklist.
Today, speaking to the BBC on BREXIT, Nicola Sturgeon, Scottish First Minister and leader of the Scottish National Party, made it clear that not only did she believe that Scotland could block BREXIT, she is prepared to give it a try! This breaking news has given rise to the question: Could Scotland become the new… More Could Scotland Become OFCs New BFF?
Tax diplomacy just got more complicated for Offshore Financial Centres (OFCs) following the success of the BREXIT campaign. Coupled with the prospect of another election after Prime Minister Cameron’s decision to step down in October, there hasn’t been much by way of ‘good news’ for OFCs in the last few hours. Here’s why BREXIT threatens… More Why BREXIT is Bad News for OFCs
Switzerland looks to be one step closer to responding to requests for information based on stolen data once that data is in the public domain. This is because the Swiss Federal Council has adopted a dispatch on certain proposed amendments to its Tax Administrative Assistance programme that will ease the rules on the use of… More Will International Rules on Tax Information Exchange Fuel a Market for Stolen Tax-Payer Data?