Americas
British Virgin Islands
Americas
ATO prevails in Singapore Telecom Australia intercompany financing litigation
New York City Economist Dr. J. Harold McClure analyzes Australia’s Federal Court of Appeals ruling on December 17 in favor of the Australian Tax Office in Singapore Telecom Australia Investments Pty Ltd v. Commissioner of Taxation – a transfer pricing case involving intercompany interest payments in . . .
Americas
Americas
Africa
Americas
Americas
Americas
Africa
Americas
Americas
Africa
American Samoa
Americas
American Samoa
Americas
Americas
Africa
Americas
Bahamas, US Virgin Islands, Saint Kitts to be added to EU tax blacklist, leaked document says
The Bahamas, US Virgin Islands, and Saint Kitts and Nevis will be added to the EU’s blacklist of non-cooperative third-country tax havens on March 13 during an EU finance ministers meeting, Reuters has reported, citing a leaked EU document dated March 8. This latest leak follows a widely-reported earlier leak that . . .
Americas
British Virgin Islands set to join OECD Inclusive Framework on BEPS
The British Virgin Islands will join the OECD/G20 Inclusive Framework, pledging to adopt and work toward the implementation of the minimum international tax standards in the OECD/G20 Base Erosion Profit Shifting . . .
Americas
Isle of Man tax information exchange agreements with BVI, Cayman Islands, and Romania enter into force
The Isle of Man government announced this week that three tax information exchange agreements signed with other nations. . .
Americas
Americas
Americas
Africa
Switzerland consults on introducing automatic exchange of tax information with 22 countries
The Swiss government has today announced a consultation on commencing automatic exchange of information in tax matters with 22 countries, writes Davide Anghileri, a lecturer at the University of Lausanne . . .
American Samoa
Africa
EU finance ministers adjust tax haven blacklist, approve tax transparency scheme for intermediaries
Davide Anghileri of the University of Lausanne discusses today’s proceedings at the European Union’s Economic and Financial Affairs Council, where the EU’s blacklist of non-cooperative jurisdictions in taxation matters was updated and the ministers voted to approve a Commission proposal requiring mandatory reporting by intermediaries involved with potentially aggressive tax planning schemes . . .
Africa
UK requires companies in Caymans, BVI, other territories, to publicly disclose ownership
Britain’s overseas territories, including the tax havens of Cayman Islands, British Virgin Islands, and Bermuda, must introduce publicly accessible registers of the beneficial ownership of companies located in their jurisdictions before 2021 or the UK will require them to do so, a law approved by UK Parliament . . .
Americas
Africa
EU removes Bahamas, Saint Kitts and Nevis from tax blacklist, agrees on rules for intermediaries
MNE Tax contributing editor, Davide Anghileri, discusses a Council of the European Union May 25 meeting where EU States agreed on new rules for regulating intermediaries that design or promote tax planning schemes; new wording to be included in agreements with third countries on good governance in tax matters; and moving the Bahamas and Saint Kitts and Nevis from the EU’s tax blacklist list to its “gray list” . . . ,
British Virgin Islands
TIEA between Japan and British Virgin Islands to enter into force
Japan’s Ministry of Finance has announced that on Sept. 11 the mutual notification procedures were completed for entry into force of the Agreement between the Government of Japan and the Government of the British Virgin Islands for the Exchange of Information relating to Tax Matters, signed June 18. As a result, the agreement will enter into force on Oct. 11. Release
Americas
Americas
CRS report reveals extent of American MNE profit shifting, discusses tax reform options
The magnitude of profit shifting by American companies “may be significant,” a US Congressional Research Service (CRS) report has concluded. The report, released April 30, found that about 50 percent of the $1.2 trillion in overseas profit reported by American . . .
Americas
British Virgin Islands releases FATCA guidance
The British Virgin Islands International Tax Authority on March 20 released guidance notes designed to provide practical assistance entities and their directors, officers, and advisers in complying with obligations under FATCA. See, FATCA Guidance, Version 2.0
