News Stories Tagged 'offshore'
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UK Urged To Drop Plan To Extend Offshore Tax Limitations Period
by Jason Gorringe, Lowtax.net, London
30 November, 2018
The UK Parliament's Economic Affairs Finance Bill Sub-Committee has proposed that provisions should be stripped from the Finance Bill that would extend the time limit on assessing offshore tax to 12 years.
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Saint Vincent Misses FATCA, CRS Reporting Deadlines
by Mike Godfrey, Lowtax.net, Washington
04 October, 2018
The caribbean territory Saint Vincent and the Grenadines has requested a 60-day extension from the reporting deadlines under the US Foreign Account Tax Compliance Act and the Common Reporting Standard.
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Guernsey Fully Compliant With Latest Tax Transparency Standards
by Jason Gorringe, Lowtax.net, London
26 July, 2018
Guernsey has received an overall rating of "compliant" from the OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes.
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100 States Now Expected To Swap Taxpayer Data In September
by Ulrika Lomas, Lowtax.net, Brussels
06 July, 2018
More than 100 jurisdictions will automatically exchange financial account information in September 2018 after a significant increase in the number of countries participating in the Convention on Mutual Administrative Assistance in Tax Matters, the OECD has said.
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Jersey Says New Research Paper Debunks Myths Surrounding IFCs
by Amanda Banks, Lowtax.net, London
14 June, 2018
Jersey's business promotion agency, Jersey Finance, has published a new discussion paper prepared by a leading UK think-tank, which argues that international financial centers (IFCs) play a vital, positive role in the global economy.
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Cayman Considering Legal Challenge To UK Beneficial Ownership Law
by Mary Swire, Lowtax.net, Hong Kong
14 June, 2018
Cayman Premier Alden McLaughlin met with lawyers in London on Monday to discuss the territory's constitutional relationship with the UK in light of UK legislation forcing the territory to set up a publicly accessible register on the beneficial ownership of legal entities.
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British OTs Must Introduce Public Beneficial Ownership Registers
by Mike Godfrey, Lowtax.net, Washington
04 June, 2018
The UK's 14 Overseas Territories must bring in publicly accessible registers concerning the beneficial ownership of legal entities or face having them imposed by the UK, following Royal Assent to the UK Sanctions and Anti-Money Laundering Act 2018 on May 23, 2018.
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BVI Planning Challenge To UK's Beneficial Ownership Law
by Mike Godfrey, Lowtax.net, Washington
04 June, 2018
The Premier of the British Virgin Islands, Orlando Smith, says his Government has appointed legal counsel to advise on a potential challenge to the UK's move to force its Overseas Territories to set up publicly accessible registers containing information on the beneficial ownership of legal entities.
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DIFC To Update Corporate, Beneficial Ownership Laws
by Lorys Charalambous, Lowtax.net, Cyprus
04 June, 2018
The Dubai International Financial Centre, the low-tax financial hub, is proposing reforms to the regulation of companies, including imposing new beneficial ownership disclosure requirements.
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Hong Kong To Offer Open-Ended Fund Company Form
by Mary Swire, Lowtax.net, Hong Kong
23 May, 2018
Hong Kong's Government has published three bills to establish a new open-ended fund company regime.
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