Isle of Man News

Malta Ratifies BEPS Convention
by Jason Gorringe, Tax-News.com, London
Thursday, May 3, 2018
Malta has become the latest country to ratify the OECD's multilateral convention to counter base erosion and profit shifting. Read Full Story

BEPS Multilateral Instrument To Enter Into Force
by Ulrika Lomas, Tax-News.com, Brussels
Friday, March 23, 2018
The OECD has announced that its multilateral convention to implement tax treaty-related measures to counter base erosion and profit shifting will enter into force on July 1, 2018. Read Full Story

EU Committee To Consider VAT Response To Paradise Papers
by Jason Gorringe, Tax-News.com, London
Wednesday, February 28, 2018
Value-added tax avoidance will be considered by a new EU anti-tax avoidance committee, the creation of which is expected to be endorsed at an EU parliamentary plenary on March 1, 2018. 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

IoM Budget Includes Plan For Bank Tax
by Amanda Banks, Tax-News.com, London
Thursday, February 22, 2018
The Isle of Man's 2018 Budget maintains the zero percent company tax rate, and announces a banking tax review, which will look at taxing all banking profits at the 10 percent rate from next year. Read Full Story

Six More States Sign The BEPS Multilateral Instrument
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, January 25, 2018
A further six countries have signed the BEPS multilateral instrument, enabling them to swiftly amend their double tax treaties to incorporate the recommendations put forward by the OECD as part of its base erosion and profit shifting Action Plan. Read Full Story

Jersey Ratifies BEPS Multilateral Instrument
by Jason Gorringe, Tax-News.com, London
Tuesday, December 26, 2017
Jersey has become one of only three jurisdictions to ratify the BEPS multilateral instrument to revise tax treaties to counter base erosion and profit shifting. Read Full Story

OECD Global Forum Discusses Tax Transparency Progress
by Ulrika Lomas, Tax-News.com, Brussels
Friday, November 17, 2017
200 delegates from more than 90 delegations met in Yaoundé, Cameroon, on November 15-17, 2017, for the 10th meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes which now includes 147 countries and jurisdictions. Read Full Story

Dassault Responds To Paradise Paper Leaks
by Ulrika Lomas, Tax-News.com, Brussels
Monday, November 13, 2017
French aircraft manufacturer Dassault Aviation has issued a statement on its tax arrangements in response to media coverage of the so-called "Paradise Papers." Read Full Story

Canada To Ramp Up Efforts Against Tax Evasion
by Mike Godfrey, Tax-news.com, Washington
Monday, February 27, 2017
The Canadian Government has said that it will review its tax ruling process and voluntary disclosures program as part of its response to recommendations made last year by a parliamentary committee. Read Full Story
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