EU Takes Action Against Spain Over Rules On Reporting Of Assets

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 13, 2019

The European Commission is taking Spain to the Court of Justice over the imposition of "disproportionate" sanctions for failure to report assets held abroad. Read Full Story

Barbados Rejects UK Push For Public Beneficial Ownership Register

by Mike Godfrey, Tax-News.com, Washington

Friday, May 11, 2018

Barbados's Minister of Industry, International Business, Commerce, and Small Business Development, Donville Inniss, has told a Society of Trust and Estate Practitioners (STEP) conference there is no support on the island for a public register of beneficial ownership. Read Full Story

Hong Kong To Ensure ITVF Tax Break For Offshore Investors

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

Friday, April 27, 2018

Hong Kong's Government has published a draft law preserving the profits tax exemption for offshore venture capital funds who participate in the island's new Innovation and Technology Venture Fund. Read Full Story

Hong Kong Tables Bill For Research And Development Tax Breaks

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

Tuesday, April 24, 2018

The Hong Kong Government has released a draft bill containing its 2017 proposal to provide an enhanced tax deduction for research and development expenditure. Read Full Story

Guernsey Regulator Releases Stock Market Integrity Code

by Jason Gorringe, Tax-News.com, London

Thursday, April 19, 2018

Guernsey's financial services regulator, the Guernsey Financial Services Commission, has released a draft code on market conduct standards focusing on behavior it considers amounts to market abuse. Read Full Story

Caribbean States Appeal To EU Over Tax Blacklisting

by Mike Godfrey, Tax-News.com, Washington

Friday, March 23, 2018

The Organisation of Eastern Caribbean States, a grouping of 15 Caribbean territories, says it is working hard through its Brussels embassy to address EU concerns, which have led to a number of its members being included on a tax blacklist. Read Full Story

Bermuda To Regulate Initial Coin Offerings

by Mike Godfrey, Tax-News.com, Washington

Friday, March 23, 2018

Bermuda's Premier and Minister of Finance, David Burt, told the island's parliament last week that his government will shortly release a draft Bill to regulate initial coin offerings in Bermuda. Read Full Story

Malta Backs EU Crackdown On Aggressive Tax Planning

by Jason Gorringe, Tax-News.com, London

Tuesday, March 20, 2018

Malta has reiterated its commitment to fighting aggressive tax planning, joining other EU member states who have unanimously agreed to amend the EU's tax information sharing law, the Directive on Administrative Cooperation. Read Full Story

Tax-Privileged Free Trade Zones The OECD's Next Target

by Ulrika Lomas, Tax-News.com, Brussels

Monday, March 19, 2018

In a new report, the OECD has drawn attention to criminal activity in free trade zones, which typically offer tax privileges and lighter regulation, highlighting that they may be unintentionally fostering growth in counterfeit goods. Read Full Story

Isle Of Man To Introduce New VAT Fraud Penalty

by Jason Gorringe, Tax-News.com, London

Wednesday, February 28, 2018

The Isle of Man Treasury has announced that a new 30 percent penalty for participation in VAT fraud will be introduced from March 1, 2018. Read Full Story

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