http://www.franhendylaw.com news.franhendylaw.com www.postbrexitconsortium.com
Talk about tax competition is fast becoming a key part of the post-Brexit conversation in Europe and in the UK. This is because tax rates are an easy, high-yield mechanism to attract, or retain entities whose business models are positively disposed towards downward movements in corporate tax rates. France, a most vocal opponent of tax… More Europe’s Post-Brexit Race to the Bottom
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.
A paltry 110 people out of a population of just over million in the Caribbean Community (CARICOM) were found with HSBC bank accounts according to the information leaked by HSBC’s whistle-blower, Hervé Falciani. Moreover, the amount allegedly stashed in HSBC’s Private Bank is just under US2billion . A potentially statistically irrelevant amount compared to the estimated hundreds… More When the Numbers Don’t Add Up.
No, not the popular Richard Quest from the CNN show. The other Mr. Quest – Director General for Taxation and Customs Union, European Commission, Stephen Quest – who apparently also ‘means business’ when it comes to piloting the EU’s aggressive package of tax avoidance measures through the Economic and Financial Affairs Council of the European Union . His department is responsible for… More Quest Means Business.