(Jane Ellison, Financial Secretary to the Treasury) Here is Why You Need to Know Now. Suppose: John Combos devises a tax avoidance scheme aimed at contractors and freelancers, requiring them to become employees of a special purpose employer and to receive money in the form of loans. A company is created to become the employer of… More Are You a Tax Avoidance ‘Enabler’?
FRANHENDY ATTORNEYS WEEKLY REPORT TAX Is Africa now being carved up by a complicated web of offshore accounts, tax havens and tricky paper trails? New research seems to suggest this is exactly what’s going on. Offshore companies connected to 44 of Africa’s 54 countries disturbingly appear in the Panama Papers leak. Over 1,400 companies in the… More What You May Have Missed This Week…
First a FATCA refresher: FATCA is the acronym for the provisions under the the US Foreign Account Tax compliance Act which became law in March 2010. FATCA targets tax non-compliance by U.S. taxpayers with foreign accounts. FATCA focuses on reporting by U.S. taxpayers about certain foreign financial accounts and offshore assets by foreign financial institutions about… More FATCA Update.
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?
“PM Cameron also ruled out blacklisting countries on the basis that they were zero- or very low-tax jurisdictions.” “Asked about blacklisting tax havens, the PM said: “We’re happy to support blacklists but we don’t think we should draw up a blacklist solely on the basis of a territory raising a low tax rate – we don’t… More Why For My Money, UK PM Cameron is the World’s Top International Tax Diplomat.
The Q&A with me on Page 9 which covers the issues which have been brought into sharp focus by the theft of the ‘Panama Papers’ is set out below: IFC: As more IFCs sign up to FATCA & the OECD’s Automatic Exchange of Information Standard, do you see a fundamental shift in policy happening in the… More The Movement of Wealth, Transparency, the Right to Privacy…and More
@ So tonight’s PBBC Panarama programme on the Panama Papers was a total yawn.Besides the tepid reporting and comical ‘stings’ on a couple of people whose names turned up in the leaked files there was not much else to recommend it. However, the post BBC news clip about the leaks which featured the now, well-worn innuendo about… More Why the’Panama Papers’ Could Implode the OECD AEOI Agenda.