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BVI hires second attorney to stay off EU’s blacklist

By: Pedro Goncalves | 17 Oct 2018

The Government of the British Virgin Islands (BVI) has hired another attorney from the UK to draft legislation intended to keep the territory off the European Union’s …

Comment: Asset managers must address the tax-reclaim scandal

By: Stanislas Conte, CEO Of Globe Refund | 16 Oct 2018

Good stewardship on behalf of clients is taking centre-stage as a governing principle of the asset management industry. Increasingly, managers are being held to account for the…

South Africa loses QROPS status

By: Pedro Goncalves | 16 Oct 2018

South Africa has been struck off the list of financial jurisdictions offering QROPS expat offshore pensions. The latest HM Revenue & Customs QROPS List published this week…

IRS to revoke 260,000 American passports

By: Pedro Goncalves | 16 Oct 2018

The US Internal Revenue Service has started action to revoke the citizenship or residence rights of at least 260,000 US individuals due to significant tax debts, according…

Japan obtains 400,000 overseas account details

By: Pedro Goncalves | 15 Oct 2018

The National Tax Agency of Japan has gathered details on 400,000 overseas bank accounts held by Japanese nationals in about 50 countries in a bid to fight…

EU mulls blacklisting its own Member States

By: Pedro Goncalves | 12 Oct 2018

The European Union is weighing screening EU Member States themselves for possible inclusion on the EU blacklist of jurisdictions that use harmful or unfair tax practices. In…

Panama shares financial accounts data with 31 countries

By: Pedro Goncalves | 11 Oct 2018

Panama has started sharing client data with tax authorities in dozens of countries in order to meet OECD global fiscal transparency standards and avoid being put on…

Qatar sets aside $2bn in bid to rival Dubai financial hub

By: Pedro Goncalves | 10 Oct 2018

Qatar has allocated $2bn to attract multi-national companies to its financial centre in its latest effort to rival Dubai. Companies that set up a hub in Doha…

Bahrain set to introduce VAT in 2019

By: Pedro Goncalves | 09 Oct 2018

Bahrain’s parliament has approved the introduction of a 5% value-added tax (VAT) in the kingdom from January 1 2019, as it looks to curb its debt after…

Switzerland shares two million account details with international partners

By: Pedro Goncalves | 09 Oct 2018

Switzerland, the world’s biggest centre for managing offshore wealth, began automatically sharing client data with tax authorities in dozens of other countries, as the era of bank…

Australian expats to be hit with unfair ‘death tax’

By: Pedro Goncalves | 04 Oct 2018

The Australian government plans to hit expats with an overhauled capital gains tax that will impose an unfair death burden for Australians who die overseas and their…

UK introduces new penalties for overseas investors dodging tax

By: Christopher Copper-Ind | 01 Oct 2018

Britain’s so-called “requirement to correct” (RTC) legislation came into force yesterday, 30 September, and requires taxpayers to declare any foreign assets that could affect their UK income…

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