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Hong Kong has gazetted legislation to establish provisions to automatically exchange financial account information with other territories to support international tax collection efforts. Read Full Story
The Swiss Federal Council has adopted a dispatch on the automatic exchange of financial account information with 41 jurisdictions. Read Full Story
UK tax authority HM Revenue and Customs has said that the deadline for submitting Automatic Exchange of Information returns for the year ended December 31, 2016, is May 31, 2017. Read Full Story
HM Revenue and Customs has updated the International Tax Compliance Regulations to include provisions on new automatic tax information exchange agreements and to clarify how non-compliance penalties will apply. Read Full Story
The Indian Ministry of Finance on April 11 warned that where Foreign Account Tax Compliance Act-related self-certification and due diligence in relation to financial accounts have not taken place by April 30, 2017, affected accounts may be frozen until such time as these checks have taken place. Read Full Story
The National Taxpayers Union Foundation has urged US lawmakers to address the tax compliance burden as part of comprehensive tax reform. Read Full Story
On April 5, 2017, US Representative Lloyd Doggett (D - TX), a senior member of the House Ways and Means Committee, and Senator Sheldon Whitehouse (D - RI), a member of the Senate Budget Committee, introduced legislation to tackle multinational tax avoidance. Read Full Story
Russian and Japanese government representatives met in Tokyo on March 27 to begin negotiations on updating their double tax agreement. Read Full Story
New Zealand has asked taxpayers for input on countries that lack the safeguards to ensure information automatically exchanged under the Common Reporting Standard remains confidential. Read Full Story
Italy and Switzerland have agreed to allow group requests for information relevant in tax matters. Read Full Story
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