Banks and financial institutions the world over were worried about the legal and reputational costs of falling foul of FATCA (the United States Foreign Account Tax Compliance Act) from the outset... Read Full Article »
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... Read Full Article »
According to the conclusions of a public consultation by New Zealand's Tax Working Group, the majority of New Zealanders want major changes to the tax system. Who doesn't! Will they get them? Probably not... Read Full Article »
Thousands of words have been written across countless pages by the OECD to describe, analyze, and consider the tax challenges of the digital economy. Yet it took only a 97-word press release from... Read Full Article »
Last August we heard that the OECD's Global Forum on Transparency and Exchange of Information was moving on to the issue of beneficial ownership of corporate entities in its fight against tax avoidance and evasion... Read Full Article »
Coalitions have their merits. However, some people argue that they are a recipe for legislative gridlock, and tend to serve up imperfect compromises to pressing problems. It's true that coalitions can often lead to... Read Full Article »
There can't be many areas of life left that the taxman doesn't already know or have the right to demand information about. If you are employed in Germany for example, tax authorities even want to know what you're having... Read Full Article »
We're told in many countries that owners of diesel vehicles (perhaps "keepers" is a better description, since hardly anyone actually "owns" a car anymore) won't be punished with punitive taxes in the wake of the "dieselgate"... Read Full Article »
In the current political climate, with the financial crisis still fresh in the memory (even though the height of the crisis was almost a decade ago), political parties can almost certainly expect to gain some votes with proposals... Read Full Article »
Just as every individual is unique (unless they've gone and perfected human cloning while I wasn't looking), each country on earth is also an entity in its own right, with its particular personality, cultural quirks, and behavioral nuances... Read Full Article »
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