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Offshore News

SARS Hails Tax Amnesty Scheme Success

by Lorys Charalambous,, Cyprus

Thursday, October 12, 2017

Over 2,000 taxpayers made use of South Africa's Special Voluntary Disclosure Programme, which closed on August 31, 2017, the South African Revenue Service said October 10. Read Full Story

Future Looking Brighter For Seychelles, IMF Says

by Ulrika Lomas,, Brussels

Friday, September 29, 2017

Seychelles has made "remarkable progress" on strengthening its economy and finances, the International Monetary Fund says. Read Full Story

OECD Expands Consultation On Offshore Indirect Transfers Of Assets

by Ulrika Lomas,, Brussels

Friday, September 22, 2017

The World Bank has released French and Spanish translations of its Toolkit on the taxation of offshore indirect transfers and extended the deadline for feedback to October 20. Read Full Story

Corporate Inversions To Cost US USD12bn By 2027: CBO

by Mike Godfrey,, Washington

Wednesday, September 20, 2017

So-called tax inversions could cost the US Government up to USD12bn in lost corporate tax revenues by 2027, a new report from the Congressional Budget Office says. Read Full Story

Paper Looks At 'Tax Haven'-Use Trends Globally

by Mike Godfrey,, Washington

Wednesday, September 13, 2017

The US-based National Bureau of Economic Research has released a new report that looks at which countries' taxpayers have the most wealth stored in so-called "offshore tax havens." Read Full Story

CRA Provides Update On Tax Avoidance Crackdown

by Mike Godfrey,, Washington

Tuesday, September 12, 2017

Canada's Revenue Minister has provided an update on the progress made by the Government in addressing tax evasion and aggressive tax avoidance. Read Full Story

Brazil Extends Repetro Tax Regime

by Glen Shapiro,, Washington

Wednesday, August 23, 2017

Brazil has extended concessionary tax arrangements for oil and natural gas exploration companies to 2040. Read Full Story

Companies Begin Paying Taiwan's New 'Netflix Tax'

by Mary Swire,, Hong Kong

Wednesday, August 23, 2017

Taiwan has said that a total of 45 overseas providers of electronic services have filed value-added tax returns in respect of electronic supplies to the domestic market, under the territory's new "Netflix tax." Read Full Story

EU Considering New Sanctions For 'Tax Havens'

by Ulrika Lomas,, Brussels

Tuesday, August 15, 2017

The EU is considering four new kinds of sanctions for jurisdictions included on a forthcoming "blacklist" of so-called tax havens, according to reports. Read Full Story

Australia's Federal Gov't Fears Trade Retaliation

by Mary Swire,, Hong Kong

Tuesday, August 15, 2017

Australia's federal Trade Minister has warned that billions of dollars of exports and thousands of jobs are at risk from the Queensland Government's new state procurement policy. Read Full Story

US Think Tank Says Earning Stripping Regs Should Be Retained

by Mike Godfrey,, Washington

Wednesday, August 9, 2017

Contrary to calls from businesses from the regulation's withdrawal, the Institute on Taxation and Economic Policy has called on the US Treasury to fully implement and strengthen its final Section 385 anti-earnings stripping debt-equity regulations, designed to reduce the benefits of corporate tax inversions. Read Full Story

BEPS Toolkit Released On Offshore Indirect Transfers

by Ulrika Lomas,, Brussels

Monday, August 7, 2017

The Platform for Collaboration on Tax, a joint initiative of the OECD, the International Monetary Fund, the United Nations, and the World Bank Group, has launched for consultation a draft toolkit designed to help developing countries address concerns surrounding the tax treatment of offshore indirect transfers of assets. Read Full Story


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