trusts News

Australia Explains Tax Disclosure Obligation On Largest Firms

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

Tuesday, February 12, 2019

The Australian Taxation Office has issued an e-brief on how companies can assess if they are required to submit a reportable tax position schedule. Read Full Story

South Africa Drops Paper Forms To Encourage E-Filiing

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, July 16, 2018

The South African Revenue Service has removed certain paper forms from its branches in an attempt to encourage more taxpayers to file tax returns electronically. Read Full Story

Switzerland To Amend Anti-Money Laundering Law

by Ulrika Lomas, Tax-News.com, Brussels

Monday, June 4, 2018

The Swiss Government is consulting on proposed amendments to the Anti-Money Laundering Act. Read Full Story

EU Council Adopts Directive To Make Company Ownership Data Public

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, May 17, 2018

The European Council has approved a new package of rules designed to prevent fiscal crime, including allowing the public access to information on the beneficial ownership of companies. Read Full Story

HMRC To Add To Arsenal Against Diverted Profits

by Jason Gorringe, Tax-News.com, London

Thursday, April 12, 2018

HM Revenue and Customs has launched a consultation inviting input on proposals to tackle arrangements entered into by individuals, partnerships, or companies that aim to move UK profits outside the scope of UK taxation, typically through the use of offshore trusts and companies. Read Full Story

IRS Explains How To Calculate Transition Tax Liability

by Mike Godfrey, Tax-News.com, Washington

Thursday, April 12, 2018

The US Internal Revenue Service and the Department of the Treasury have released comprehensive guidance on how to calculate liability to the Transition Tax, provided for in Section 965 of the Tax Cuts and Jobs Act, and explained elections available to taxpayers. Read Full Story

Australia Expands Multinational Anti-Avoidance Law

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

Wednesday, March 28, 2018

The Australian Government has introduced legislation to extend the reach of its Multinational Anti-Avoidance Law to cover a range of corporate structures. Read Full Story

OECD Delivers Rules To Prevent Tax Transparency Standard Evasion

Tuesday, March 13, 2018

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Canada To Reform Taxation Of Passive Investments

by Mike Godfrey, Tax-News.com, Washington

Wednesday, February 28, 2018

Canada's 2018 Budget has provided the long-awaited details of the Government's proposal to limit the tax benefits that can be derived from the holding of passive investments in a private corporation. Read Full Story