banking News

Switzerland Notes Upcoming Tax Changes

by Ulrika Lomas, Tax-News.com, Brussels

Friday, November 2, 2018

The Swiss Federal Tax Administration has published a list of changes to the tax system that will take effect over the period 2019-2021. Read Full Story

IoM Consults On Proposal To Distribute Dormant Bank Account Funds

by Amanda Banks, Tax-News.com, London

Thursday, September 13, 2018

The Isle of Man Government has launched a community consultation on the Dormant Assets Bill 2018, which proposes to distribute money held in dormant bank accounts to good causes. Read Full Story

Switzerland To Hand Over HSBC Data To India

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, August 9, 2018

India is to receive bank account information from HSBC, after Switzerland's highest court ruled that the bank is obligated to provide data requested where the leaked data has not been purchased. Read Full Story

Mauritius Announces Company Tax Reforms In New Budget

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, June 21, 2018

Mauritius announced wide-ranging changes to its tax regime in its latest Budget, including for companies. Read Full Story

EU Agrees New Money Laundering Rules

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 14, 2018

The EU is to apply new anti-money laundering rules aimed at disrupting and blocking access by criminals to financial resources. Read Full Story

First Tax-Deferred Pension Scheme Launched In China

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

Thursday, June 14, 2018

China's Government announced recently that a local insurance company had issued the country's first tax-deferred pension insurance policy, saying it marked the beginning of tax-deferred pension plans in China. Read Full Story

European Banks Condemn EU's Digital Tax Plans

by Ulrika Lomas, Tax-News.com, Brussels

Monday, March 26, 2018

The European Banking Federation has denounced the European Union's decision to go it alone on the taxation of the digital economy, saying that the bloc should instead have supported efforts to achieve a global level-playing field. Read Full Story

Tax-Lite Jamaican Budget Focuses On Tax Enforcement

by Mike Godfrey, Tax-News.com, Washington

Wednesday, March 14, 2018

Jamaica's recent 2018 budget, delivered by Minister of Finance Audley Shaw, imposed no new taxes and reiterated the island's commitment to cracking down on tax arrears. Read Full Story

IRS To End Offshore Voluntary Disclosure Program

by Mike Godfrey, Tax-News.com, Washington

Wednesday, March 14, 2018

The Internal Revenue Service has announced plans to close the 2014 Offshore Voluntary Disclosure Program (OVDP) from September 28, 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

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