News Stories Tagged 'tax'
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Bahamas Issues Guidance On Fiscal Crime Prevention
by Mike Godfrey, Lowtax.net, Washington
04 September, 2018
The Bahamas has published two new guidance documents for financial services firms on the prevention of fiscal crime.
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Crown Dependencies To Ensure Firms Have Economic Substance
by Amanda Banks, Lowtax.net, London
17 August, 2018
The Crown Dependencies of Jersey, Guernsey, and the Isle of Man are consulting on proposals to require companies tax-resident in the islands undertaking specific income-generating activities to demonstrate they have sufficient "substance" in the islands
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DIFC Seeking To Establish 'Court Of The Blockchain'
by Lorys Charalambous, Lowtax.net, Cyprus
09 August, 2018
Hoping to establish itself as a pioneer in the use and development of blockchain technology, the Dubai International Financial Center has announced its Courts are to work towards the creation of the first "Court of the Blockchain," involving work on how blockchain technology can be used to enforce court rulings and separately on the resolution and mitigation of disputes concerning blockchain-enabled contracts.
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Offshore Financial Regulators Announce Collaborative FinTech Partnership
by Jason Gorringe, Lowtax.net, London
09 August, 2018
11 financial regulators have announced the creation of the Global Financial Innovation Network, a partnership intended to support businesses to engage in innovative financial technology projects in their territories.
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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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Bahamas, Aruba Hiked Consumption Tax Rate On July 1
by Mike Godfrey, Lowtax.net, Washington
04 July, 2018
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Hong Kong Property Levy Payable From July
by Mary Swire, Lowtax.net, Hong Kong
04 July, 2018
Hong Kong purchasers of residential and non-residential property are now required to pay a levy of HKD350 (USD45) within 30 days after a conveyance on sale is executed.
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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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