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New On The Lowtax Network Today
This feed is published daily with selected new or updated
content from across the Lowtax Network. For a list of Lowtax Network
sites, many of which feature daily news, see
below. |
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| TODAY 19/03: Lowtax
Austria, major content expansion |
| 18/03 New
Lowtax Editor Column, by Kitty Miv |
| 17/03 IO
Focus: Hong Kong,
Investors Offshore special feature |
| 17/03 New
PBTG Editor Column, Caroline, PBTG editor |
| 16/03 Hungary
Summary PBTG Guide, added to Personal Business Tax Guide |
| 15/03 Lowtax
South Africa, major content expansion |
| 12/03 Lowtax
Costa Rica, annual update |
| 11/03 Estonia
Summary PBTG Guide, added to Personal Business Tax Guide |
| 10/03 Lowtax
Labuan, annual update |
| 05/03 Belgium
Summary PBTG Guide,
added to Personal Business Tax Guide |
03/03  Personal
Business Tax Guide, PBTG, has launched!
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| Providing essential tax news and information
for globally mobile artists, contractors, entrepreneurs, professionals,
small businesses, sportspersons and entertainers. |
| 02/03 Personal
Equity Investment In 2010: Not Just For Expats…, Investors Offshore special feature
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| 24/02 Lowtax
Cyprus, annual update
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| 22/02 Lowtax
Brunei, annual update
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| 15/02 Lowtax
Australia,
major content expansion
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| Lowtax Network Sites |
| Lowtax Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
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US Treasury And IRS To Release New Opinion Letter Standards,
by Leroy Baker, Tax-News.com, New York 09 December 2004
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The US Treasury Department and the Internal Revenue Service will shortly issue
new standards for lawyers, accountants and other tax professionals as part of
the government’s campaign to stamp out abusive tax sheltering activities,
the Wall Street Journal has reported.
The new standards, known officially as the Circular 230 revisions, will be
targeted particularly towards the use of ‘opinion letters’, documents which are
penned by lawyers or accountants, and vouch for the legitimacy of a particular
tax-planning scheme or transaction.
However, such opinion letters can be far from watertight when put under the
IRS’s microscope.
"The Treasury has been concerned that some practitioners may be providing
opinions based on unrealistic factual assumptions or without considering important
legal doctrines, and taxpayers might be misled into thinking that such opinions
protect them against the assertion of IRS penalties," observed one expert,
according to the WSJ.
The new standards are expected to include detailed requirements for opinions
issued by tax professionals, and will compel advisers to give overt warnings
to their clients over the level of protection they can expect to receive from
the opinion.
A comprehensive report in our Intelligence Report series
describing tax shelters for investors is available in the Lowtax Library at
http://www.lowtaxlibrary.com/asp/subs_reports.asp
and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report5.asp
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| THE LOWTAX LIBRARY
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
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