Money News

EU Refers Netherlands To ECJ Over Beneficial Ownership Registry

by Ulrika Lomas, Tax-News.com, Brussels

Friday, July 10, 2020

The European Commission is taking action against the Netherlands for failing to fully implement the Fourth Anti-Money Laundering Directive in respect of the availability of information on entities' beneficial owners. Read Full Story

Dutch Beneficial Ownership Register Effective 2020

by Ulrika Lomas, Tax-News.com, Brussels

Monday, April 15, 2019

The Dutch Government has confirmed that a registry of ultimate beneficial owners of companies will enter into force in the Netherlands from January 2020. Read Full Story

OECD's Global Forum Releases New Tax Transparency Reports

by Mike Godfrey, Tax-News.com, Washington

Friday, April 6, 2018

The OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes has published nine peer review reports assessing territories' compliance with international standards on tax transparency. Read Full Story

Bitcoin Exchange Coinbase To Comply With IRS Tax Summons

by Mike Godfrey, Tax-News.com, Washington

Wednesday, February 28, 2018

Coinbase, a virtual currency wallet and virtual currency exchange service provider, has confirmed it will soon transmit information on the transactions of 13,000 customers to the Internal Revenue Service, as a result of an earlier court ruling. Read Full Story

Panama Welcomes EU Blacklist Removal

by Mike Godfrey, Tax-News.com, Washington

Tuesday, January 23, 2018

The Government of Panama has welcomed the country's removal from the EU blacklist of non-cooperative territories, following the EU Economic and Financial Affairs Council's endorsement of the decision on January 23. Read Full Story

Grenada, Canada Agree To Exchange Tax Information

by Mike Godfrey, Tax-News.com, Washington

Tuesday, July 18, 2017

Grenada and Canada have signed a tax information exchange agreement. Read Full Story

India's CBDT Flags Success Of 'Operation Clean Money'

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

Friday, April 21, 2017

India's Central Board of Direct Taxes has released a progress report relating to its 'Operation Clean Money' project, launched on January 31. Read Full Story

Hong Kong Consults On Beneficial Ownership Plans

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

Friday, January 13, 2017

Hong Kong's Financial Services and the Treasury Bureau has launched public consultations on legislative proposals to increase the transparency of corporate beneficial ownership in the city, and to enhance its regulatory regime for combating money laundering and terrorist financing. Read Full Story

Mauritius Rejects 'Tax Haven' Label

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, December 26, 2016

On December 16, Mauritius's Financial Services Commission and the Financial Services Promotion Agency condemned a Oxfam policy paper labeling Mauritius a tax haven. Read Full Story

US Starts Action Over IRS Impersonation Scams

by Mike Godfrey, Tax-News.com, Washington

Monday, October 31, 2016

The individuals behind the Internal Revenue Service impersonation and telefraud schemes will be brought to justice, US Assistant Attorney General Leslie Caldwell and Russell George, the Inspector General for the Treasury Inspector General for Tax Administration, said on October 27. Read Full Story

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