Seychelles Brings Tax Perks Into Line With Int'l Standards

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

Tuesday, February 5, 2019

The Seychelles says that the OECD has found the territory to have made sufficient reforms to comply with its BEPS Action 5 standard on harmful tax regimes. 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

HMRC Details 2017 Prosecutions For Tax Crimes

by Jason Gorringe, Tax-News.com, London

Wednesday, January 3, 2018

HM Revenue and Customs, the UK's tax authority, has revealed details of its enforcement activities during 2017, including a round-up of the "top ten" cases it pursued. Read Full Story

Labuan Urged To Adapt To BEPS By Removing Harmful Tax Offerings

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

Wednesday, November 8, 2017

Muhammad bin Ibrahim, the Governor of the Central Bank of Malaysia, has stressed the need for Labuan to review its international tax framework in light of the OECD's work on Action 5 of the base erosion and profit shifting project, on harmful tax practices. Read Full Story

Ireland Extends Deadline For Disclosure Scheme

by Jason Gorringe, Tax-news.com, London

Friday, April 28, 2017

The Irish Revenue has extended the deadline for qualifying offshore disclosures until May 4, ahead of a major change to the voluntary disclosure rules. Read Full Story

India, Seychelles To Exchange Tax Information

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

Friday, September 16, 2016

The tax information exchange agreement between India and Seychelles has entered into force, the Indian tax agency has said. Read Full Story

South Korea Sees Surge In Offshore Disclosures

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

Thursday, September 15, 2016

There was a substantial increase in disclosures by South Korean taxpayers about their overseas financial assets during the first six months of the year, South Korea's tax agency has said. Read Full Story

Five States Agree To Adopt New Tax Transparency Standard

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, May 18, 2016

Bahrain, Lebanon, Nauru, Panama, and Vanuatu - five territories that were earlier criticized for not following tax transparency standards – have newly committed to sharing financial account information automatically with other countries. Read Full Story

NZ Inquiry Launched On Foreign Trust Disclosure Rules

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

Tuesday, May 3, 2016

New Zealand's Minister of Finance, Simon English, and the Minister of Revenue, Michael Woodhouse, has established a government inquiry into Foreign Trust Disclosure Rules. Read Full Story

Indonesian FM Pushes For Tax Amnesty Law

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

Tuesday, April 12, 2016

Indonesia's Minister of Finance, Bambang Brodjonegoro, is urging the passage of the draft Tax Amnesty Tax Bill to boost compliance rates. Read Full Story

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