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Stories that are tagged 'Trusts'




New Zealand Explains Foreign Trust Disclosure Changes

by Mary Swire, Tax-News.com, Hong Kong

Monday, March 27, 2017

New Zealand has published guidance on the increased disclosure requirements for foreign trusts with New Zealand-resident trustees. Read Full Story

 

Australian DPT Legislation Passes Senate

by Mary Swire, Tax-news.com, Hong Kong

Monday, March 27, 2017

The Australian Senate has passed legislation to introduce a diverted profits tax from July 1, 2017. Read Full Story

 

Canadian Budget Focuses On 'Tax Fairness'

by Mike Godfrey, Tax-news.com, Washington

Thursday, March 23, 2017

The tax measures contained Canadian Finance Minister Bill Morneau's second Budget are focused on closing loopholes, cracking down on tax evasion, and improving tax reliefs for the "middle class." Read Full Story

 

More Tax Hikes For UK Taxpayers In 2017 Budget

by Jason Gorringe, Tax-News.com, London

Thursday, March 9, 2017

The UK Budget, released on March 9, 2017, featured tax measures to, among other things, hike taxes on self-employed workers, further close avenues for legal avoidance, and defer mandatory digital tax reporting until April 2019. Read Full Story

 

ACOSS Submits Recommendations For Australian Budget

by Mary Swire, Tax-News.com, Hong Kong

Thursday, March 2, 2017

The Australian Council of Social Services has urged that the Government abolish ineffective tax concessions, introduce a sugary drinks tax, and scrap its company tax proposals. Read Full Story

 

MEPs Call For Wider Access To Beneficial Ownership Data

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, March 1, 2017

EU citizens would be able to view information in registers of beneficial ownership without having to demonstrate a "legitimate interest," under proposed amendments the Anti-Money Laundering Directive. Read Full Story

 

New Zealand Tax Changes Enter Into Force

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, February 28, 2017

A Bill including provisions to simplify New Zealand's tax processes, reduce compliance costs for smaller businesses, and tighten foreign trust disclosure rules received Royal Assent on February 21. Read Full Story

 

Australian Accountants Urge Tax Burden Shift

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, February 14, 2017

Australia desperately needs large scale tax reform and should aim to rebalance its tax mix, the Institute of Public Accountants has argued. Read Full Story

 

IRS Issues Final Regulations On REIT Spin-Offs

by Glen Shapiro, Tax-News.com, New York

Tuesday, January 24, 2017

On January 18, the US Internal Revenue Service issued its final regulations regarding the measures included in the Protecting Americans from Tax Hikes Act to restrict the tax-free spin-offs involving publicly traded real estate investment trusts (REITs). Read Full Story

 

Hong Kong Consults On Beneficial Ownership Plans

by Mary Swire, Tax-News.com, Hong Kong

Friday, January 13, 2017

Hong Kong's Financial Services and the Treasury Bureau has launched public consultations on legislative proposals to increase the transparency of corporate beneficial ownership in the city, and to enhance its regulatory regime for combating money laundering and terrorist financing. Read Full Story

 

 

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