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
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.
(Photo: Guardian ) The G20 Leaders Summit took place from September 4-5 in Hangzhou, China. Here is what they agreed on international tax reform. 19. We will continue our support for international tax cooperation to achieve a globally fair and modern international tax system and to foster growth, including advancing on-going cooperation on base erosion … More The Tax-Related Aspects of the G20 Leaders’ Communique Hangzhou Summit
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.