Stories that are tagged 'offshore banking'


Australia To Shutter 'Harmful' Offshore Banking Unit Regime
Mary Swire, Tax-News.com, Hong Kong__19 March, 2021
The Australian Government has confirmed that it will amend its offshore banking unit regime after it was designated a harmful tax regime by the OECD and the European Union. Read Full Story

Australian High Court Allows Use Of Leaked Data In Tax Probes
Mary Swire, Tax-News.com, Hong Kong__22 August, 2019
The Australian Taxation Office has welcomed a significant ruling from Australia's High Court, which enables the tax agency to use information obtained from data leaks, even if leaked from a law firm. Read Full Story

Seychelles Brings Tax Perks Into Line With Int'l Standards
Mary Swire, Tax-News.com, Hong Kong__05 February, 2019
The Seychelles says that the OECD has found the territory to have made sufficient reforms to comply with its BEPS Action 5 standard on harmful tax regimes. Read Full Story

IRS To End Offshore Voluntary Disclosure Program
Mike Godfrey, Tax-News.com, Washington__14 March, 2018
The Internal Revenue Service has announced plans to close the 2014 Offshore Voluntary Disclosure Program (OVDP) from September 28, 2018. Read Full Story

HMRC Details 2017 Prosecutions For Tax Crimes
Jason Gorringe, Tax-News.com, London__03 January, 2018
HM Revenue and Customs, the UK's tax authority, has revealed details of its enforcement activities during 2017, including a round-up of the "top ten" cases it pursued. Read Full Story

Labuan Urged To Adapt To BEPS By Removing Harmful Tax Offerings
Mary Swire, Tax-News.com, Hong Kong__08 November, 2017
Muhammad bin Ibrahim, the Governor of the Central Bank of Malaysia, has stressed the need for Labuan to review its international tax framework in light of the OECD's work on Action 5 of the base erosion and profit shifting project, on harmful tax practices. Read Full Story

IMF Highlights Bank Derisking's Impact On Caribbean
Mike Godfrey, Tax-News.com, Washington__03 October, 2017
Caribbean banks have lost important correspondent banking relationships as a result of international banks withdrawing from the region, according to a working paper recently released by the International Monetary Fund. Read Full Story

Caribbean Community Seeks Swedish Support On Tax Issues
Mike Godfrey, Tax-News.com, Washington__21 August, 2017
The Secretary-General of the Caribbean Community, Irwin LaRocque, has urged Sweden to use its position in two major international organizations to highlight the unfair labeling of some Community member states as "non-cooperative tax jurisdictions." Read Full Story

Ireland Extends Deadline For Disclosure Scheme
Jason Gorringe, Tax-news.com, London__28 April, 2017
The Irish Revenue has extended the deadline for qualifying offshore disclosures until May 4, ahead of a major change to the voluntary disclosure rules. Read Full Story

IMF Works To Address Caribbean 'De-risking' Woes
Mike Godfrey, Tax-News.com, Washington__31 October, 2016
The International Monetary Fund has set out the actions being taken and further possible options to address bank de-risking for Caribbean nations. Read Full Story



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