banking News
Switzerland Publishes Review Of 2021 Tax Progress
Thursday, January 20, 2022
As part of its commitment to fighting cross-border tax evasion and profit shifting, Switzerland sent information on over 3m financial accounts in 2021, according to a new review of the Swiss financial center by the State Secretariat for International Financial Matters. Read Full Story
Hong Kong Enhances Tax Rules For Amalgamations
by Mary Swire, Tax-News.com, Hong Kong
Wednesday, June 9, 2021
Hong Kong's Legislative Council has passed a bill to implement a series of amendments to the Inland Revenue Ordinance. Read Full Story
Australia To Shutter 'Harmful' Offshore Banking Unit Regime
by Mary Swire, Tax-News.com, Hong Kong
Friday, March 19, 2021
The Australian Government has confirmed that it will amend its offshore banking unit regime after it was designated a harmful tax regime by the OECD and the European Union. Read Full Story
Bermuda Consults Industry On New Conduct Of Business Regime
by Jason Gorringe, Tax-News.com, London
Wednesday, January 13, 2021
The Bermuda Monetary Authority on December 15, 2020, released a new consultation paper on its proposal for a conduct of business regulatory regime to better protect retail investors. Read Full Story
Turkey Cuts Tax On Forex Transactions
by Lorys Charalambous, Tax-News.com, Cyprus
Monday, October 5, 2020
Turkey has reversed an increase to the country's Banking Insurance Transaction Tax (BSMV) on foreign currency and gold purchases. Read Full Story
UAE Explains Updated Economic Substance Rules
by Lorys Charalambous, Tax-News.com, Cyprus
Monday, October 5, 2020
The United Arab Emirates Ministry of Finance has highlighted changes made to the territory's rules on economic substance. Read Full Story
German EU Presidency Releases Tax Agenda
by Ulrika Lomas, Tax-News.com, Brussels
Friday, July 10, 2020
The newly instated German presidency of the European Union will focus on introducing internationally agreed tax rules for digital companies, according to the presidency's policy agenda. Read Full Story
UAE Adapts Economic Substance Rules To COVID-19
by Lorys Charalambous, Tax-News.com, Cyprus
Thursday, June 25, 2020
Austria May Pull Out Of European Financial Transactions Tax Talks
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, March 3, 2020
On February 19, 2020, German Finance Minister Olaf Scholz issued a statement to say that he remains "committed" to the introduction of a financial transactions tax at European Union level along the same lines as that proposed by the German Government last month, despite opposition from within the EU, notably from Austria. Read Full Story
EU Financial Transactions Tax Agreement Close, Says Scholz
by Ulrika Lomas, Tax-News.com, Brussels
Monday, January 27, 2020
German Finance Minister Olaf Scholz has said he is confident that an agreement can be reached on a European Union financial transactions tax. Read Full Story
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