4 Answers to the 4 Key Questions About the EU Initial List of Jurisdictions Highly Likely to Facilitate Tax Avoidance

  Q: Who is Excluded from the EU Blacklisting Exercise? A: A differentiated approach was followed according to the status of the jurisdictions. First, the 28 member states and the territories considered to be European Commission – DG Taxation and Customs Union – 13/09/2016 part of a Member State such as those covered by Article 355(1) … More 4 Answers to the 4 Key Questions About the EU Initial List of Jurisdictions Highly Likely to Facilitate Tax Avoidance

OP-ED: Why Europe is Ill-Suited For The Business of Blacklisting So-Called ‘Non-Cooperative’ Jurisdictions.

I AM  NOT  A FAN OF THE  USE  OF UNILATERAL MEASURES IN international  diplomacy;  including the use of tax haven or other types of blacklists related  to  compliance  with global  norms   on   transparency  and information   exchange.  Although   we often think of this kind of state action in the context of armed conflict where there are … More OP-ED: Why Europe is Ill-Suited For The Business of Blacklisting So-Called ‘Non-Cooperative’ Jurisdictions.

ALERT: EU Issues Tax Haven Blacklist of 81 Countries Highly Likely to Facilitate Tax Avoidance

  The European Commission published on Thursday a list of 81 countries and jurisdictions that have a higher chance of facilitating tax avoidance and may be subject to further screening and even sanctions if all EU states agree. The “scoreboard” is the first step in a process that should be concluded next year with the first European … More ALERT: EU Issues Tax Haven Blacklist of 81 Countries Highly Likely to Facilitate Tax Avoidance

Ireland Must Recover 13 Billion Euros in Illegal State Aid to Apple.

The European Commission has today issued a press release confirming their finding that Ireland, granted undue tax benefits of up to €13 billion to Apple. This is illegal under EU state aid rules, because it allowed Apple to pay substantially less tax than other businesses. Ireland must now recover the illegal aid. Commissioner Margrethe Vestager, … More Ireland Must Recover 13 Billion Euros in Illegal State Aid to Apple.

FHA TAX ALERT – Barbados 2016 Budget

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

‘Responsible Tax’ UK Parliamentary Lobby at Odds with OECD Tax Avoidance Package.

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.

Just In: Switzerland Now ‘Largely Compliant’ with International Transparency Rules.

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.