10/08/2015
United States firms hold $2.1 trillion outside the tax net
The companies collectively paid about 6 percent in taxes, compared to the 35 percent they would pay in the United States.
Tax
10/07/2015
Largest Multinationals Avoiding $90B in U.S. Taxes
In total, Fortune 500 companies are holding an accumulated $2.1 trillion in profits offshore for tax purposes
10/06/2015
Black money disclosures revised up to Rs 4,147 cr
India has 96 double taxation avoidance treaties with other countries and 14 bilateral information exchange pacts
10/06/2015
Tax to Become a Major Priority for Asset Managers By 2020
One of the primary drivers of this growing importance is the proliferation of transparency standards, both domestically and, particularly, internationally
10/05/2015
Tax Issues Update - Withers
October 2015
10/05/2015
OECD Rewrites Corporate Tax Rule Book
Reforms to the international tax system for curbing avoidance by multinational enterprises
10/05/2015
Global Tech Firms Brace for Tax Rules
OECD recommendations aim to stop multinational companies from avoiding billions in taxes
10/05/2015
IRS Begins Exchanging Tax Information With Other Nations: Focus On Enforcing FATCA
FATCA is an important tool against offshore tax evasion, and this is a significant step in the process.
10/04/2015
Unfriendly Tax-Friendly Funds
A study suggests that fees can outweigh a fund’s tax benefits
10/03/2015
Two banks owned by Lord Ashcroft at centre of major US tax evasion probe
Billionaire Lord Ashcroft is the majority shareholder of BCB Holdings, which owns Belize Bank International Ltd and Belize Bank Ltd.
10/01/2015
India, US set anti-tax evasion deal in motion
India has sent the first set of information about Americans holding financial assets in India to the US revenue authorities
10/01/2015
B.C. candidates promise crackdown on wealthy who hide foreign assets
At the time Kwan, a member of the province’s NDP government, was reported as saying, “The Chinese are very private about their money.
09/29/2015
Trump’s Tax Plan Is A Big Giveaway To The Wealthiest
Trump proposes the lowest corporate tax rate of the entire Republican presidential field so far
09/27/2015
Germany raids premises linked to Maple Bank in tax probe
German authorities have searched premises linked to Maple Bank as part of a probe into alleged tax evasion and money laundering.
09/25/2015
Tax agreement between Brazil and the USA promulgated
The information to be sent by the Brazilian authorities to the American authorities is different from the information to be provided by the Americans to the Brazilians.
09/25/2015
U.S. Tax Laws Could Snag “Accidental Americans”
Accidental Americans can include individuals like this future daughter-in-law who never thought of herself as American, as well as Green Card holders who let this authorization to live and work in the U.S. lapse.
09/25/2015
The Common Reporting Standard: Automatic Information Exchange Goes Global
Traditionally, information about an individual or business has been sent from one tax authority to another on request
09/23/2015
Aust, US exchange details in tax crackdown
The ATO is committed to ensuring that taxpayers are disclosing their offshore income
09/22/2015
IRS Delays FATCA To Help Banks, But Offshore Account Disclosures Continue
The Treasury Department is delaying part of FATCA, the Foreign Account Tax Compliance Act. Foreign banks get more time before they start handing over data about their U.S.-owned accounts to the IRS.
09/19/2015
Coke told it owes $US3.3 billion in taxes
The IRS wants the US company to pay taxes on some of the money earned from offshore licensees.