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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 . . . 

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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