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Hong Kong To Soon Join OECD's Multilateral Tax Compact

Mary Swire,, Hong Kong

Friday, February 2, 2018

Hong Kong on February 2, 2018, ratified an Ordinance to enable the territory to soon join the OECD's Multilateral Convention on Mutual Administrative Assistance in Tax Matters and thereby more simply and more broadly agree to exchange tax information with other countries' tax authorities. Read Full Story


EU Issues GDPR Tool For SMEs, Guidance For States

by Ulrika Lomas,, Brussels

Wednesday, January 31, 2018

The European Commission has newly launched an online tool to support citizens, businesses – and in particular small- and medium-sized firms – and other organizations to come to terms and comply with new data protection rules being introduced from May 25: the General Data Protection Regulation. Read Full Story


Agreement Reached On New Trans-Pacific Partnership

by Mary Swire,, Hong Kong

Wednesday, January 24, 2018

Ministers from 11 countries have announced their agreement upon the "core elements" of a new Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Read Full Story


Panama Welcomes EU Blacklist Removal

by Mike Godfrey,, Washington

Tuesday, January 23, 2018

The Government of Panama has welcomed the country's removal from the EU blacklist of non-cooperative territories, following the EU Economic and Financial Affairs Council's endorsement of the decision on January 23. Read Full Story


Switzerland Consults On Tax Transparency Measures

by Ulrika Lomas,, Brussels

Thursday, January 18, 2018

The Swiss Federal Council is consulting on recommendations made by the Global Forum on Transparency and Exchange of Information for Tax Purposes, to improve the transparency of beneficial ownership information. Read Full Story


UK Tax Industry Concerned By HMRC's Expanding Workload

by Jason Gorringe,, London

Monday, January 15, 2018

The Association of Taxation Technicians has called on HM Revenue and Customs to ensure that its taxpayer services do not crumble under strain when the Making Tax Digital initiative is rolled out alongside the UK exiting the European Union. Read Full Story


Swiss Gov't Pushes For Adoption Of Tax Overhaul

by Ulrika Lomas,, Brussels

Thursday, January 11, 2018

The Swiss Federal Council has said that corporate tax reform is now urgently needed, with the Government hopeful that the first reforms could enter into force in 2019. Read Full Story


Mongolia Signs Up To BEPS Minimum Standards

by Mary Swire,, Hong Kong

Monday, January 8, 2018

By signing up to the BEPS Inclusive Framework, Mongolia is the latest country to agree to implement the base erosion and profit shifting minimum standards recommended by the OECD. Read Full Story


HMRC Updates Minimum Standards For Tax Agents

by Jason Gorringe,, London

Friday, January 5, 2018

On January 4, 2018, HM Revenue and Customs updated its "standard for agents," which sets out minimum standards tax agents and advisers are expected to meet when providing services to UK taxpayers. Read Full Story


Business Warns Australia Slipping Behind On Tax

by Mary Swire,, Hong Kong

Tuesday, January 2, 2018

Australia's leading business associations have warned that the country's high company tax rate is dampening its competitiveness and called for urgent reform. Read Full Story



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