Stories that are tagged 'offshore'


Digital VAT Regimes Vital To Buoy Countries' Tax Takes: Report
Ulrika Lomas, Tax-News.com, Brussels__10 December, 2020
The OECD has released its annual Consumption Tax Trends report, which highlights that with VAT rates at an all-time high, governments should ensure they have effective VAT frameworks in place to tax e-commerce. Read Full Story

Guernsey Updates MAP Guidance
Jason Gorringe, Tax-News.com, London__13 January, 2021
On November 17, 2020, Guernsey's Revenue Service released updated guidance on Mutual Agreement Procedure dispute resolution. Read Full Story

UAE To Allow Loans Secured By Movable Property
Lorys Charalambous, Tax-News.com, Cyprus__22 September, 2020
The United Arab Emirates has released a new law that would allow businesses to use movable property to secure bank and commercial loans. Read Full Story

Bermuda Regulator To Add Conduct Oversight To Mandate
Mike Godfrey, Tax-News.com, Washington__31 August, 2020
The Bermuda Monetary Authority has recently released a discussion paper on its plans to broaden its mandate by developing a conduct of business regime for the financial services sectors it regulates. Read Full Story

BVI To Launch FinTech 'Sandbox'
Mike Godfrey, Tax-News.com, Washington__21 August, 2020
The British Virgin Islands Financial Services Commission has announced that it will launch its new FinTech Regulatory "Sandbox" on August 31. Read Full Story

Bermuda Monetary Authority To Overhaul Enforcement Approach
Jason Gorringe, Tax-News.com, London__21 August, 2020
Bermuda's financial services regulator, the Bermuda Monetary Authority, has set out plans to change its enforcement processes. Read Full Story

J5 Group Marks Two Years Of Collaboration On Tackling Fiscal Crime
Mike Godfrey, Tax-News.com Washington__17 July, 2020
On July 13, 2020, the US Internal Revenue Service (IRS) issued a progress report on the last two years' work of the J5 group of five advanced countries, who are working collaboratively to tackle cross-border tax fraud. Read Full Story

Bermuda Announces Accounting Rules For Digital Asset Businesses
Jason Gorringe, Tax-News.com, London__10 July, 2020
The Bermuda Monetary Authority has released a new consultation on the proposed Digital Asset Business Accounts Rules 2020. Read Full Story

Hong Kong Announces Tax Credit Handout In 2020 Budget
Mary Swire, Tax-News.com, Hong Kong__03 March, 2020
Hong Kong's 2020 Budget includes plans for a one-off reduction of profits tax, salaries tax, and tax under personal assessment. Read Full Story

J5 Reviews Work To Tackle Cross-Border Tax Crimes
Mike Godfrey, Tax-News.com Washington__03 March, 2020
On February 19, 2020, the United States Internal Revenue Service announced that the leaders of the Joint Chiefs of Global Tax Enforcement recently gathered in Sydney, Australia, to review their work and to set priorities for the years ahead. Read Full Story


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