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Banking News




Denmark To Remove Special Tax Rules For Banks

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 10, 2019

On May 2, 2019, the Danish Tax Ministry announced that banks' right to deduct hybrid core capital for tax purposes will be removed. Read Full Story

 


Switzerland Introduces New Tax Rule For Systemically Important Banks

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, March 14, 2019

The Swiss Federal Council has announced that legislation setting the rules for a participation deduction for systemically important banks will enter into force retroactively, with effect from January 1. Read Full Story

 


Seychelles Brings Tax Perks Into Line With Int'l Standards

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

Tuesday, February 5, 2019

The Seychelles says that the OECD has found the territory to have made sufficient reforms to comply with its BEPS Action 5 standard on harmful tax regimes. Read Full Story

 


UK Crown Dependencies Introducing Economic Substance Rules

by Jason Gorringe, Tax-News.com, London

Friday, December 28, 2018

Each of the Crown Dependencies – Jersey, Guernsey, and the Isle of Man – have tabled legislation that will introduce new substance requirements for tax-resident firms engaged in certain industries from January 1, 2019. Read Full Story

 


Switzerland Notes Upcoming Tax Changes

by Ulrika Lomas, Tax-News.com, Brussels

Friday, November 2, 2018

The Swiss Federal Tax Administration has published a list of changes to the tax system that will take effect over the period 2019-2021. Read Full Story

 


IoM Consults On Proposal To Distribute Dormant Bank Account Funds

by Amanda Banks, Tax-News.com, London

Thursday, September 13, 2018

The Isle of Man Government has launched a community consultation on the Dormant Assets Bill 2018, which proposes to distribute money held in dormant bank accounts to good causes. Read Full Story

 


Switzerland To Hand Over HSBC Data To India

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, August 9, 2018

India is to receive bank account information from HSBC, after Switzerland's highest court ruled that the bank is obligated to provide data requested where the leaked data has not been purchased. Read Full Story

 


Mauritius Announces Company Tax Reforms In New Budget

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, June 21, 2018

Mauritius announced wide-ranging changes to its tax regime in its latest Budget, including for companies. Read Full Story

 


EU Agrees New Money Laundering Rules

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 14, 2018

The EU is to apply new anti-money laundering rules aimed at disrupting and blocking access by criminals to financial resources. Read Full Story

 


First Tax-Deferred Pension Scheme Launched In China

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

Thursday, June 14, 2018

China's Government announced recently that a local insurance company had issued the country's first tax-deferred pension insurance policy, saying it marked the beginning of tax-deferred pension plans in China. Read Full Story

 

 

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