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Country Rankings - Greenland

  • Jan 05, 2016   Greenland: scrooge

    I like to think that at this time of year, Santa Claus retreats to his cosy cabin in Greenland, puts his feet up in front of a roaring log fire, and enjoys a well-earned rest. Perhaps he has a glass of something warming in his hand; I certainly wouldn't begrudge him a winter restorative, for the Christmas season seems to start earlier and earlier with each passing year, and he must make the most of the little R&R he does get. So with blizzard howling outside, I now picture Santa's eyelids drooping as he is lulled to a gentle sleep by the warmth of the crackling fire. It's an idyllic scene, isn't it? Yes, it is, and it's one I'm now going to shatter. Suddenly, Santa is jolted awake. He remembers that news item he read just before Christmas, the one about Greenland having signed the OECD's Multilateral Competent Authority Agreement confirming the country's commitment to automatically exchange financial account information with other countries' tax authorities – effectively, it's the global FATCA. Feeling a minor panic rising, Santa asks himself if his tax affairs are in order – a tax scandal involving the North Pole's most famous resident simply won't do! Has he declared the cookies and milk he received in Wichita? The sherry and mince pie he consumed in Harrow on the Hill? The ice cold lager he gulped in Adelaide (plus the carrots for Rudolf)? But what with a particularly busy build up to Christmas last year, poor old Santa just hasn't had the time to keep up with it all, and now he needs a rest. That excuse however simply won't wash with the world's tax men. Especially in the current environment of anti-avoidance mania. Back at the fireplace, Santa makes a mental note to himself to reassign his most trusted elf to head up the newly created festive accounts department and promptly falls asleep.
    Source: http://www.tax-news.com/news/Greenland_Commits_To_Automatic_Information_Exchange____70025.html


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