international taxation
30
Aug
The Organisation for Economic Co-operation and Development is going to propose a global minimum tax that would apply country by country before the next meeting of G‑20 finance ministers and central bankers set for 17 Oct. in Washington, DC. G7 leaders announced at their Biarritz summit meeting this week a pledge to update international tax […]
29
Jul
The Mauritius Ministry of Finance and Economic Development has issued a joint communique in response to the so-called “Mauritius Leaks” investigation, which involves the recent publication by the International Consortium of Investigative Journalists (ICIJ) of data on over 200 companies that reportedly used Mauritius as part of tax schemes to avoid taxes in countries in Africa, Asia, […]
02
Apr
Bermuda to be removed from EU blacklist
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The European Commission is set to reverse its decision of including the British overseas territory on a list of global tax havens after the jurisdiction amended its legislation in order to comply with EU standards. The European Union’s tax commissioner, Pierre Moscovici, said the EU Code of Conduct (Business Taxation) Group (CCG) will receive a […]
18
Feb
Barbados, Belize, Curaçao, Mauritius, Saint Lucia and Seychelles have been warned by the EU that some of its tax policies are “harmful” and must be updated to comply with best practices by the end of this year. The European Union’s Code of Conduct Group (Business Taxation has written to each, asking them to make a […]
14
Feb
The 36-member state OECD has revealed that there is growing consensus behind a US proposal for an overhaul of global corporate tax rules, which would limit the ability of multinational companies to shift profits to low-tax jurisdictions. Earlier this year, the organisation put forward four different proposals to redesign corporate tax rules to address issues raised […]
10
Aug
The Central Bank of Cyprus is tightening its stance against money laundering by asking the credit institutions that it regulates to avoid doing business with “shell and letterbox companies.” On June 14th, 2018, the Central Bank of Cyprus issued a circular to its supervised banks, advising them against continuing existing accounts or opening new accounts […]