banking News

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

Vontobel Reaches Agreement On Untaxed German Assets

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, February 20, 2018

Swiss-based asset manager Vontobel has reached a settlement with German authorities on untaxed assets held by certain of its German clients. Read Full Story

New CbC Reporting Guidance Included In OECD's BEPS Update

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, February 13, 2018

The Inclusive Framework on BEPS has released additional guidance to give certainty to tax administrations and MNE Groups alike on the implementation of Country-by-Country (CbC) reporting (BEPS Action 13). Read Full Story

Barbados Agrees To Phase Out Harmful Tax Regimes

by Mike Godfrey, Tax-News.com, Washington

Tuesday, February 13, 2018

Two Barbados preferential tax regimes have been labelled "potentially harmful" in additional guidance released by the OECD in connection with its base erosion and profit shifting project. Read Full Story

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