"Backstop." Not one of the English language's most elegant words. But thanks to Brexit, it has taken on - in my humble opinion - undeserving importance. Indeed, the fate of the western world seemingly hinges on this unprepossessing noun... Continue Reading »
Organizing a party without sending invitations
Some things will always be incompatible. Australia and carbon taxation? The United Kingdom and the European Union, perhaps? Hong Kong and value-added tax? Germany and tax cuts? How about taxation and digitalization... Continue Reading »
Hong Kong is arguably the preeminent business and trade hub in the Asia-Pacific region and is widely acknowledged to be the world's third-largest financial centre after New York and London... Continue Reading »
All this uncertainty is no joke
Timetables. They're not very glamorous, but they are terribly important. Imagine turning up to the airport to discover the morning flight to London is actually the red-eye to Sydney, leaving 10 hours later than advertised... Continue Reading »
Located in South East Asia, Singapore has emerged as the region's premier business and trade hub. With a highly developed and successful free market economy the city-state enjoys an open and corruption-free environment... Continue Reading »
Wake me up when something exciting happens
Frankly, I expected a lot more excitement from South Africa's latest Budget. This is a country in fiscal trouble, with tax receipts unable to keep pace with expenditure, and a budget deficit growing by the year... Continue Reading »
complex tax rules and capricious tax inspectors
Governments the world over are repeatedly heard telling taxpayers to ensure they follow the tax rules. But they don't make it easy for taxpayers to achieve compliance - they really don't... Continue Reading »
According to European Council President Donald Tusk, a special place has been reserved in the afterlife for those seeking to bring about a hard Brexit without a plan. By "special," Mr Tusk didn't mean "nice." What he meant... Continue Reading »
One of the great ironies of the OECD's BEPS project is that it's great for business - if you happen to be in the business of tax advisory work, that is. This wasn't supposed to happen... Continue Reading »
Brexit Ramifications For Ireland
Amid intensifying uncertainty over Britain's future legal and trading relationships with the European Union, Ireland is looking like an increasingly attractive alternative for UK companies... Continue Reading »
by Lorys Charalambous, Lowtax.net, Cyprus
20 March, 2019
From April 1, 2019, taxpayers with an annual turnover of MVR50m (USD3.25m) or more will be required to make payments to the Maldives Inland Revenue Authority via the MIRAconnect online tax administration portal.
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by Jason Gorringe, Lowtax.net, London
20 March, 2019
Guernsey's financial services regulator has signed a Memorandum of Understanding with the UK's Financial Conduct Authority to ensure market access for Guernsey investment funds into the UK after Brexit.
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by Ulrika Lomas, Lowtax.net, Brussels
20 March, 2019
Hong Kong, Liechtenstein, Luxembourg, the Netherlands, North Macedonia, Spain, and the Turks and Caicos Islands have been rated "Largely Compliant" with international tax transparency standards following a peer review by members of the OECD Global Forum.
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by Mary Swire, Lowtax.net, Hong Kong
14 March, 2019
Hong Kong published in its Official Gazette The Inland Revenue (Amendment) (Tax Concessions) Bill 2019 on March 8. The Bill will implement concessionary tax measures proposed in the 2019-20 Budget.
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by Ulrika Lomas, Lowtax.net, Brussels
14 March, 2019
The EU has tripled its list of non-cooperative tax jurisdictions to include 15 countries.
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by Ulrika Lomas, Lowtax.net, Brussels
12 February, 2019
The EU Code of Conduct Group (Business Taxation) has notified authorities in Barbados, Belize, Curacao, Mauritius, Saint Lucia, and Seychelles that the group considers further changes are needed to their tax regimes to bring them into line with international standards.
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by Mike Godfrey, Lowtax.net, Washington
12 February, 2019
Bermuda's Government has stated that proposals for a rental income tax, detailed in a pre-budget report, were released as part of a consultation exercise and that the proposal for the levy has not been confirmed or formally announced. A decision on whether to include the measure in the Budget will be revealed when it is presented to parliament on February 22, 2019, it said.
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by Mike Godfrey, Lowtax.net, Washington
14 January, 2019
The Bermuda Government has set out its plans to more actively engage in discussions on tax policy internationally, including newly establishing offices in Brussels and Washington DC.
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by Jason Gorringe, Lowtax.net, London
14 January, 2019
The International Stock Exchange (TISE) – formerly the Channel Islands Stock Exchange – has announced there were a record 865 new listings during 2018, up 22.7 percent on 2017.
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by Jason Gorringe, Lowtax.net, London
21 December, 2018
The Aruba Government has released a new fiscal reform plan, which will cut personal taxes and overhaul the property tax regime.
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