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
Mutual Agreement Procedure (MAP) provisions in OECD and UN-styled tax treaties do not mandate that the disputes arising from the application of the treaty provisions actually be settled. These clauses merely require that the two tax authorities use their best endeavours. For some tax payers this ‘toothless’ provision has seen their claims in such a… More 12 Practical Guidelines for Managing Tax Treaty Arbitration.
Pleasantly surprised to read of this conclusion drawn in the soon to be released University of Toronto compilation of essays titled,Global Tax Governance What is Wrong with It and How to Fix It”. Here’s an excerpt from the press release: ‘Tax specialists may think they have little to learn from a book on global tax governance,… More Good Global Tax Governance Requires a Multilateral Organisation.
US President Obama and Russian President Putin share a coffee. Amid the revelations by Russian President Vladimir Putin about the financiers of global terror, the Group of Twenty spared some time to agree the way forward in the area of international tax diplomacy. Here is what they agreed: 1.To reach a globally fair and modern… More The G-20 Antalya Summit and BEPS.
(Here’s What You Missed Last Week and a Look Ahead.) Your Summary of the biggest tax, trade and investment headlines affecting International Business and Financial Services Safe Havens Regain Appeal. EU’s New Plan for Safer Banks. Obama Renews Corporate Tax Reforms Fear Be Dammed: Why It is Time to Invest in Emerging Markets. State Bank… More franhendy’s OFFSHORE WEEKLY