financial services News

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

EU Expecting COVID-19 Dent In 2020 VAT Collections
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, September 22, 2020
The European Commission has published its latest VAT gap report, which show that EU countries lost an estimated EUR140bn (USD165.7bn) in VAT revenues in 2018. 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

Germany Issues Draft Guidance On DAC6
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, March 17, 2020
On March 2, 2020, the German Ministry of Finance released a draft discussion document on new rules implementing the sixth European Union Directive on Administrative Cooperation, under which intermediaries are obligated to report certain tax planning schemes. Read Full Story

New Zealand Proposing GST Exemption For Crypto-Assets
by Mary Swire, Tax-News.com, Hong Kong
Tuesday, March 17, 2020
New Zealand's Inland Revenue Department has announced the launch of a consultation on potential reforms to improve the goods and services tax regime. Read Full Story

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

New Spanish Coalition Agrees Tax Plan
by Ulrika Lomas, Tax-News.com, Brussels
Wednesday, January 8, 2020
The Spanish Socialist Party and the Podemos movement, which will form the next governing coalition, has released their policy document, which includes plans for a corporate minimum tax, among other tax measures. Read Full Story

Germany Presents Text For EU Financial Transactions Tax
by Ulrika Lomas, Tax-News.com, Brussels
Monday, December 16, 2019
German Finance Minister Olaf Scholz has presented a final proposal for a European Union financial transactions tax to the 10 member states participating in the initiative. Read Full Story

Singapore Announces Plans For GST Reforms
by Mary Swire, Tax-News.com, Hong Kong
Friday, November 8, 2019
Singapore is to add provisions to draft legislation to enhance the new GST regime for imported services and clarify new rules for virtual currencies. Read Full Story
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