Tax experts have highlighted the increasing importance of substance in the fund management sector in view of the OECD's base erosion and profit shifting project recommendations.Read Full Story
Abu Dhabi Global Market, the low-tax international financial center, is seeking feedback on its proposal to allow the formation of "foundations," a trust-like entity widely used in civil law jurisdictions.Read Full Story
Hong Kong has signed agreements with Portugal and South Africa to automatically exchange financial account information in tax matters.Read Full Story
Hong Kong has signed agreements with six jurisdictions to automatically exchange financial account information in tax matters. Read Full Story
The Canadian Government has said that it will review its tax ruling process and voluntary disclosures program as part of its response to recommendations made last year by a parliamentary committee. Read Full Story
The Swiss Federal Department of Finance has launched a consultation on the introduction of the automatic exchange of information in tax matters with a series of other countries. Read Full Story
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