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Virgin Islands News




IMF Reports On CARICOM Tax Reform Efforts

by Mike Godfrey, Tax-News.com, Washington

Thursday, April 6, 2017

Caribbean Community member states have benefitted from the introduction of value-added taxes, but more reform is needed, says a new paper from the International Monetary Fund. Read Full Story

 


Switzerland Consults On Implementation Of AEOI Agreements

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 29, 2016

The Swiss Federal Department of Finance has launched a consultation on the introduction of the automatic exchange of information in tax matters with a series of other countries. Read Full Story

 


Pakistan Targeting Panama, Bahamas Leaks Taxpayers

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

Thursday, October 20, 2016

Pakistan's Finance Minister, Mohammad Ishaq Dar, has directed the Federal Board of Revenue to approach the tax authorities of nine territories about information in the Panama and Bahamas leaks. Read Full Story

 


IRS Issues Revised Tax Guide For US Possessions

by Mike Godfrey, Tax-News.com, Washington

Thursday, February 11, 2016

The Internal Revenue Service has released a revised version of its Tax Guide for Individuals Receiving Income from the United States Possessions – American Samoa, Puerto Rico, the US Virgin Islands, Guam, and the Northern Mariana Islands – in 2015. Read Full Story

 


US Congress Passes Huge Fiscal Package

by Mike Godfrey, Tax-News.com, Washington

Monday, December 21, 2015

The US House of Representatives and Senate have approved the bipartisan Protecting Americans from Tax Hikes Act and the Omnibus spending bill, which together make permanent or renew the package of "tax extenders" that expired at the end of 2014, and suspend three Obamacare taxes, at a 10-year cost of USD680bn. Read Full Story

 


ATO Launches New Campaign Against Tax Evaders

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

Wednesday, December 9, 2015

As part of a crackdown on tax evasion, the Australian Taxation Office has confirmed that it has visited seven adviser firms linked to offshore arrangements and contacted more than 100 parents who paid school fees from overseas bank accounts. Read Full Story

 


IRS Adds To US Territory Residency Rules

by Mike Godfrey, Tax-News.com, Washington

Friday, August 28, 2015

A notice of proposed rulemaking issued by the US Internal Revenue Service on August 26 has proposed amendments to the regulations for determining whether an individual is a bona fide resident of a US territory. Read Full Story

 


OECD Releases New Tax Information Exchange Ratings

by Mike Godfrey, Tax-News.com, Washington

Tuesday, August 11, 2015

The OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes has published new peer review reports for 12 jurisdictions on the implementation of its global standards on transparency and the exchange of information in tax matters. Read Full Story

 


IRS Reminds Firms Of Transaction Disclosure Rules

by Mike Godfrey, Tax-News.com, Washington

Tuesday, May 26, 2015

The US Internal Revenue Service has reminded businesses in US territories, including individuals who are sole proprietors, that they must report cash transactions of more than USD10,000 received in a trade or business. Read Full Story

 


BVI Financial Services Industry To Take New Direction

by Mike Godfrey, Tax-News.com, Washington

Monday, April 27, 2015

The British Virgin Islands Government has received a report that it commissioned on finding a new direction for the financial services industry, the recommendations from which will now be implemented. Read Full Story

 

 

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