Taxation

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 […]

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 […]

The government of the Bahamas said it has “no intention” of making its beneficial ownership registries public, in bold defiance of Britain’s move to introduce new legislation that requires its 14 overseas territories to implement a fully transparent system of company ownership by 2020. The deputy Prime Minister of the Bahamas, KP Turnquest, made the […]