04/13/2017
US Companies Stashing Trillions Offshore
Oxfam estimated that for every USD 1 that the companies spend on lobbying, they receive an estimated USD 1 200 in tax breaks.
Tax
04/10/2017
FATCA Dubbed A Failure By Repeal Campaigners
Instead of boosting treasury revenues by the $10 billion stated by the IRS, FATCA is unlikely to have recouped more than $100 million in unpaid tax and costs far more to run than is gathered in lost tax, says Nigel Green, who is leading the campaign to re
04/07/2017
Illinois blacklists Barbados as ‘tax haven’
The new measure also restricts “expatriate corporations” in the countries named from doing business with the State.
04/06/2017
New Bills Take Aim at Offshore Tax Haven Abuse
Stop Tax Haven Abuse Act and Corporate EXIT Fairness Act Would Close Many of the Most Egregious Offshore Loopholes
04/06/2017
“Panama Papers”: The Tax Office Reviews 415 Cases
That spontaneous procedures for regularization were already in progress with the Service for the processing of corrective declarations (STDR), with which tax “repentants” are invited to express themselves.
04/06/2017
Americans abroad lobby for tax changes
FATCA requires financial institutions in other countries to report information about accounts held by U.S. citizens.
04/05/2017
Foreign Account Tax Compliance Act will COST more money than it recovers
Last month, Mr. Green warned $1.5 million U.S. citizens in East Asia may renounce their citizenship according to a poll conducted by deVere Group and its Hong Kong division Acuma.
04/04/2017
Ecuador’s Tax Evading Oligarchs Try to Reconquer the Nation
That predation led to a massive banking crisis led by fraudulent elite bankers.
04/04/2017
Trump favours modest tax changes, says Blackstone president
He does not think the proposals for eliminating the tax deductibility of corporate debt which would increase the private equity industry's tax bill will make the cut.
03/30/2017
Rich people love tax havens—and under Trump, the problem will only get worse
The allegations shed that much more light on the murky world of offshore financing.
03/30/2017
Canada Revenue Agency executes search warrants against a tax scheme promoter
The CRA is always on the lookout for illegal tax schemes and those who promote them.
03/27/2017
Which countries’ tax authorities share data with Revenue?
Revenue has agreements in place that cover more than 100 jurisdictions
03/27/2017
Tax Simplification Should Include Repeal of FATCA
Most who are forced to comply are expatriate Americans who have, little if any U.S. presence.
03/24/2017
IRS beats ex-Sprint CEO, COO lawsuit over tax shelter scandal
Daniel Rosen, a partner at Baker & McKenzie representing the plaintiffs, declined to comment.
03/24/2017
Lawmakers want infrastructure funded by offshore tax reform
The process involves taxing corporate earnings that are being stored abroad when that money returns to the U.S.
03/23/2017
Planning for a Low-Tax, High-Deficit World
It’s time to maximize deductions and go light on Treasuries.
03/17/2017
Ahead of federal budget, Morneau says world should follow Canada’s tax-the-rich plan
The government appears to have budged in response to those concerns.
03/16/2017
PKF O’Connor Davies Named ‘Tax Advice’ Award Winner
Industry honor recognizes Firm’s Family Office Services Division for excellence in private client category at Family Wealth Report Awards 2017
03/16/2017
Ecuador's Right-Wing Candidate Linked to 49 Tax Haven Companies
The financier tried in recent years to tidy up his businesses in order to enter the political arena.
03/10/2017
KPMG Tops Big Four Firms on FORTUNE's Best Companies List for Third Year Running
At KPMG, our commitment to creating an inclusive culture where all of our people can thrive and innovate is unwavering