Trusts News

India Announces More COVID-19 Measures
by Mary Swire, Tax-News.com, Hong Kong
Thursday, May 28, 2020
On May 13, 2020, the Indian Government announced new tax relief measures and administrative concessions. Read Full Story

Switzerland Sends 2019 Taxpayer Data Under CRS
by Ulrika Lomas, Tax-News.com, Brussels
Friday, October 11, 2019
Switzerland's Federal Tax Administration has announced the exchange of information on millions of financial accounts with 75 partner countries. Read Full Story

UK Shelves Plans For Surcharge On Overseas UK Property Buyers
by Jason Gorringe, Tax-News.com, London
Thursday, July 25, 2019
The UK Government has dropped inclusion in the upcoming Finance Bill of a new one percent stamp duty land tax (SDLT) surcharge on non-UK residents purchasing residential property in England and Northern Ireland. Read Full Story

Australia Explains Tax Disclosure Obligation On Largest Firms
by Mary Swire, Tax-News.com, Hong Kong
Tuesday, February 12, 2019
The Australian Taxation Office has issued an e-brief on how companies can assess if they are required to submit a reportable tax position schedule. Read Full Story

South Africa Drops Paper Forms To Encourage E-Filiing
by Lorys Charalambous, Tax-News.com, Cyprus
Monday, July 16, 2018
The South African Revenue Service has removed certain paper forms from its branches in an attempt to encourage more taxpayers to file tax returns electronically. Read Full Story

Switzerland To Amend Anti-Money Laundering Law
by Ulrika Lomas, Tax-News.com, Brussels
Monday, June 4, 2018
The Swiss Government is consulting on proposed amendments to the Anti-Money Laundering Act. Read Full Story

EU Council Adopts Directive To Make Company Ownership Data Public
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, May 17, 2018
The European Council has approved a new package of rules designed to prevent fiscal crime, including allowing the public access to information on the beneficial ownership of companies. Read Full Story

HMRC To Add To Arsenal Against Diverted Profits
by Jason Gorringe, Tax-News.com, London
Thursday, April 12, 2018
HM Revenue and Customs has launched a consultation inviting input on proposals to tackle arrangements entered into by individuals, partnerships, or companies that aim to move UK profits outside the scope of UK taxation, typically through the use of offshore trusts and companies. Read Full Story

IRS Explains How To Calculate Transition Tax Liability
by Mike Godfrey, Tax-News.com, Washington
Thursday, April 12, 2018
The US Internal Revenue Service and the Department of the Treasury have released comprehensive guidance on how to calculate liability to the Transition Tax, provided for in Section 965 of the Tax Cuts and Jobs Act, and explained elections available to taxpayers. Read Full Story

Australia Expands Multinational Anti-Avoidance Law
by Mary Swire, Tax-News.com, Hong Kong
Wednesday, March 28, 2018
The Australian Government has introduced legislation to extend the reach of its Multinational Anti-Avoidance Law to cover a range of corporate structures. Read Full Story
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