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.
Pascal Saint Amans – Director, OECD Centre for Tax Administration and Policy The OECD has confirmed the criteria for G20-mandated blacklisting of ‘uncooperative jurisdictions’ in the after-burn of the Panama Papers. The work of the OECD Global forum (Global Forum) is concerned with defining and implementing tax transparency standards and so the ‘objective… More The OECD Reveals the G20 Blacklist Criteria for Uncooperative Jurisdctions
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?
It is one thing to distil a complex global discussion on the relationship between tax and development finance, nicely correlated by the OECD as a means of making their work on international tax reform accessible to the proverbial, ‘ reasonable man on the Clapham omnibus’. It is entirely quite another to draw unproven linkages which… More The Pot of Gold that Perhaps is Not.
(Christine Legarde (Managing Director , IMF) In the shadow of the Panama Papers the EU has reached agreement on the sharing of beneficial ownership information related to trusts and companies. Following UK Prime Minister, David Cameron’s commitment at the end of the G8 Summit in 2008 to create a UK beneficial ownership register that would be ‘public’;… More Lukewarm Response to EU Beneficial Ownership Register Agreement.