Here's a conundrum: How do you go about BEPSifying the entire global network of double tax avoidance treaties - or the majority of them at least - without testing out the theory that time is infinite? You use an instrument... Continue Reading »
It's all positively Shakespearian
If I was to say "would those who actually think the EU's digital taxation plans are a good idea, please stand up" I'd be willing to bet that most of you would be still sitting comfortably. At least those who have an understanding... Continue Reading »
the BEPS project's tentacles have spread
For better or worse, BEPS has permeated deep into the fabric of the world's tax regimes. You can tell this by the sheer volume of tax developments that are related to, directly or indirectly, the issues discussed in... Continue Reading »
telephone operations becoming a dying relic
Earlier this year, in her annual report to Congress, US National Taxpayer Advocate Nina E Olson remarked that the Internal Revenue Service's telephone operations have become a "dying relic" of taxpayer service... Continue Reading »
Residency in UAE & Benefits of Living in Dubai 100% Tax Free
Foreign workers have been drawn to Dubai, the major business and financial hub of the United Arab Emirates,in their millions for many years, drawn by the UAE's lack of taxes, its career and business opportunities... Continue Reading »
Well, it's been another mixed week for US tax reform. First, the good news. Last week, the Internal Revenue Service announced that, in certain circumstances, relief from tax penalties will be offered to those struggling to... Continue Reading »
According to US Senator Orrin Hatch (R-UT), who is Chair of the US Senate Finance Committee, the tax reform is overwhelmingly popular with US taxpayers across the board, from small and large businesses to employees... Continue Reading »
Maybe it's because we now live in increasingly fast-paced, on-demand economies, but there seems to be a growing sense of impatience at the pace - or lack thereof - of the OECD's work on some crucial areas of the BEPS... Continue Reading »
What's this? A political party called Five Star? Founded by who? A comedian? What? In Power?! With who? You mean Silvio's back? And a flat tax? On corporate income too? In Italy?... Continue Reading »
Isn't it strange how governments seek to cut tax just before elections? It's not by happenstance, and something that has happened for eons... Continue Reading »
by Ulrika Lomas, Lowtax.net, Brussels
06 July, 2018
More than 100 jurisdictions will automatically exchange financial account information in September 2018 after a significant increase in the number of countries participating in the Convention on Mutual Administrative Assistance in Tax Matters, the OECD has said.
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by Mike Godfrey, Lowtax.net, Washington
04 July, 2018
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by Mary Swire, Lowtax.net, Hong Kong
04 July, 2018
Hong Kong purchasers of residential and non-residential property are now required to pay a levy of HKD350 (USD45) within 30 days after a conveyance on sale is executed.
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by Jason Gorringe, Lowtax.net, London
26 June, 2018
The Isle of Man Government has announced the Anti-Money Laundering and Other Financial Crime (Miscellaneous Amendments) Act 2018 has received Royal Assent and is now law.
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by Amanda Banks, Lowtax.net, London
14 June, 2018
Jersey's business promotion agency, Jersey Finance, has published a new discussion paper prepared by a leading UK think-tank, which argues that international financial centers (IFCs) play a vital, positive role in the global economy.
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by Mary Swire, Lowtax.net, Hong Kong
14 June, 2018
Cayman Premier Alden McLaughlin met with lawyers in London on Monday to discuss the territory's constitutional relationship with the UK in light of UK legislation forcing the territory to set up a publicly accessible register on the beneficial ownership of legal entities.
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by Mike Godfrey, Lowtax.net, Washington
04 June, 2018
The Bahamas Government has announced that it will hike the value-added tax rate from 7.5 percent to 12 percent from July 1, 2018.
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by Mike Godfrey, Lowtax.net, Washington
04 June, 2018
The UK's 14 Overseas Territories must bring in publicly accessible registers concerning the beneficial ownership of legal entities or face having them imposed by the UK, following Royal Assent to the UK Sanctions and Anti-Money Laundering Act 2018 on May 23, 2018.
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by Mike Godfrey, Lowtax.net, Washington
04 June, 2018
The Premier of the British Virgin Islands, Orlando Smith, says his Government has appointed legal counsel to advise on a potential challenge to the UK's move to force its Overseas Territories to set up publicly accessible registers containing information on the beneficial ownership of legal entities.
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by Lorys Charalambous, Lowtax.net, Cyprus
04 June, 2018
The Dubai International Financial Centre, the low-tax financial hub, is proposing reforms to the regulation of companies, including imposing new beneficial ownership disclosure requirements.
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Intended to be a proxy for business friendliness; evidently they are highly partisan, but hopefully one day they will become useful for decision-making, even if for the moment it is all just an amusing game. View Country Rankings »