Offshore News 
Guernsey To Delay Tax Reform Debate To Explore Corporate Tax Options
by Jason Gorringe, Tax-News.com, London
Friday, April 29, 2022
The Guernsey Government on April 26, 2022, announced that a parliamentary debate on tax reform, scheduled for July, will now be delayed until the end of the year, to allow time for consideration of corporate tax options. Earlier, Guernsey's Policy and Resources Committee proposed that the territory could implement a goods and services tax to buoy the territory's finances. Read Full Story
Cyprus Receives EU Approval For Angel Investor Tax Breaks
by Jason Gorringe, Tax-News.com, London
Wednesday, February 16, 2022
The European Commission has approved a Cypriot scheme involving the grant of tax breaks to private investors – both natural persons and corporate investors – who invest into early-stage, innovative SMEs. Read Full Story
Switzerland Publishes Review Of 2021 Tax Progress
Thursday, January 20, 2022
As part of its commitment to fighting cross-border tax evasion and profit shifting, Switzerland sent information on over 3m financial accounts in 2021, according to a new review of the Swiss financial center by the State Secretariat for International Financial Matters. Read Full Story
Hong Kong To Amend Tax Rules For Foreign-Source Passive Income
by Jason Gorringe, Tax-News.com, London
Monday, November 1, 2021
The Hong Kong Government has issued a statement committing to amend its tax law with regards the tax exemption for foreign source passive income from 2023, to ensure the territory does not end up placed on the EU's tax blacklist of non-cooperative territories. Read Full Story
Countries Discuss Post-Pandemic Tax Agenda At UN Council Meeting
by Ulrika Lomas, Tax-News.com, Brussels
Wednesday, May 12, 2021
Experts speaking at the UN's Economic and Social Council's annual Special Meeting on International Cooperation in Tax Matters concluded that the international community must do more to tackle tax base erosion and profit shifting and offshore tax evasion. Read Full Story
Australia To Shutter 'Harmful' Offshore Banking Unit Regime
by Mary Swire, Tax-News.com, Hong Kong
Friday, March 19, 2021
The Australian Government has confirmed that it will amend its offshore banking unit regime after it was designated a harmful tax regime by the OECD and the European Union. Read Full Story
UK Eyeing VAT Rule Changes For Sharing Economy
by Jason Gorringe, Tax-News.com, London
Tuesday, December 22, 2020
The UK Government is inviting input on the tax challenges associated with the rise of the sharing economy. Read Full Story
Bermuda Consults Industry On New Conduct Of Business Regime
by Jason Gorringe, Tax-News.com, London
Wednesday, January 13, 2021
The Bermuda Monetary Authority on December 15, 2020, released a new consultation paper on its proposal for a conduct of business regulatory regime to better protect retail investors. Read Full Story
Digital VAT Regimes Vital To Buoy Countries' Tax Takes: Report
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, December 10, 2020
The OECD has released its annual Consumption Tax Trends report, which highlights that with VAT rates at an all-time high, governments should ensure they have effective VAT frameworks in place to tax e-commerce. Read Full Story
Guernsey Updates MAP Guidance
by Jason Gorringe, Tax-News.com, London
Wednesday, January 13, 2021
On November 17, 2020, Guernsey's Revenue Service released updated guidance on Mutual Agreement Procedure dispute resolution. Read Full Story
UAE To Allow Loans Secured By Movable Property
by Lorys Charalambous, Tax-News.com, Cyprus
Tuesday, September 22, 2020
The United Arab Emirates has released a new law that would allow businesses to use movable property to secure bank and commercial loans. Read Full Story
J5 Group Marks Two Years Of Collaboration On Tackling Fiscal Crime
by Mike Godfrey, Tax-News.com Washington
Friday, July 17, 2020
On July 13, 2020, the US Internal Revenue Service (IRS) issued a progress report on the last two years' work of the J5 group of five advanced countries, who are working collaboratively to tackle cross-border tax fraud. Read Full Story
- 28/02/2020 Hong Kong Announces Tax Credit Handout In 2020 Budget »
- 24/02/2020 J5 Reviews Work To Tackle Cross-Border Tax Crimes »
- 10/02/2020 Ireland Updates Guidance On EU Exit Tax On IP Flight »
- 15/01/2020 Aruba Releases Transfer Pricing Documentation Templates »
- 22/11/2019 New Zealand To Remove Low-Value Consignment Relief »
- 09/10/2019 Overseas Suppliers To NZ Urged To Register For GST »
- 03/10/2019 OECD To Provide Another Update On Int'l Tax Reform Work »
- 06/09/2019 Ecuador, Serbia Ratify OECD's Multilateral Tax Cooperation Pact »
- 05/09/2019 Deadlines For Colombian Tax Amnesties This Month »
- 20/08/2019 Australian High Court Allows Use Of Leaked Data In Tax Probes »
- 08/08/2019 LLB-Switzerland Signs US Non-Prosecution Agreement »
- 23/07/2019 IRS's New Enforcement Initiatives Are Aimed At Individuals »
- 20/06/2019 New Zealand To Better Track Taxpayers' Property Transactions »
- 13/06/2019 OECD Fleshes Out Int'l Tax Reform Plans During BEPS Webcast »
- 11/06/2019 New Zealand Tweaking GST Rule Changes For Offshore Suppliers »
- 10/06/2019 Global Tax Information Exchange Has Netted States Billions »
- 10/06/2019 EU Takes Action Against Spain Over Rules On Reporting Of Assets »
- 30/05/2019 Democrats Introduce US Anti-Offshoring Bills »
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