If you have an interest in or a connection to an offshore asset or entity (“offshore arrangements”) you are likely to attract the unwanted attention of HM Revenue and Customs (“HMRC”) even though they may have been set up for...
It is not a question anymore whether the EU is a strong player at the tax policy field. The question is how strong… In the course of 2016, we expect a series of legislative and non- legislative initiatives to reshape...
"Is the taxation a poisoned chalice?" That is what many told to Commissionaire Pierre Moscovici when he found out that President Juncker had given him the taxation portfolio. In the last eighteen months, the European Commission’s and OECD’s strong commitment...
On 27 May, the EU and Switzerland signed a historic new tax transparency agreement, which will significantly improve the fight against tax evasion. Under the agreement, both sides will automatically exchange information on the financial accounts of each other's residents...
This blog post focuses on the Tax Rulings as a central element of the new EU Tax Transparency Package. Through the following questions and answers the myth around the proposal will disappear. The legislative proposal will improve cooperation between Member States in terms...
Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, endorsed the European Commission’s work on Tax Transparency Package, launched on 18 February. He went further and stated "It is time for a new era of openness between tax...
Tax Transparency through information exchange is one of the most important and key items on the agenda nowadays. On 24 February 2015, Seychelles became the 85th signatory of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. The signing of...
Summary Article 29a of the General Tax Code on the Advance Tax Rulings and Advance Ruling Committee entered into force on 1 January 2015 in Luxembourg; Luxembourg endorsed the EU Commission’s plan to present a draft directive on mandatory automatic...
State aid: European Commission extends information enquiry on tax rulings practice to all Member States - IP/14/2742 On 17 December, the Commission has enlarged the enquiry into the tax ruling practice under EU state aid rules to cover all Member...
Prime Minister Abbott and Treasurer Hockey announced today that the G20 Leaders welcomed OECD recommendations that will help restore fairness, integrity and transparency to the international tax system. The United Kingdom's Prime Minister David Cameron announced during the press...
Today, the Finance Ministers from 51 countries and jurisdictions have signed a Multilateral Competent Authority Agreement on the implementation of the Global Standard for the automatic exchange of financial account information. The signature of the Multilateral Convention on Mutual Administrative...
On 23 and 24 October, Heads of Tax Administration from 38 countries met in Dublin, Ireland for the 9th meeting of the Forum on Tax Administration (FTA). The FTA is the leading international body concerned with tax administration, bringing together...
BEPS, FATCA, CRS are the buzzwords which have shaped the tax discussion and meetings recently. On 16 October, Ali Kazimi, Mazars Financial Services Partner, was one of the leading panellists at a HMRC event on the Foreign Account Tax Compliance...
Monaco deepens its commitment to fight offshore tax avoidance and evasion OECD Secretary-General Angel Gurría welcomed the Principality of Monaco’s commitment to strengthen international tax co-operation, on 13 October, after it became the 84th jurisdiction participating in the Multilateral Convention on Mutual...
Today, the EU Tax Commissioner Algirdas Šemeta has welcomed the package of measures to tackle international corporate tax avoidance, which was endorsed by the G20 Finance Ministers in Cairns, Australia. The Ministers agreed on a first set of recommendations to...
This website uses cookies.
Some of these cookies are necessary, while others help us analyse our traffic, serve advertising and deliver customised experiences for you.
This website cannot function properly without these cookies.
Analytical cookies help us enhance our website by collecting information on its usage.
We use marketing cookies to increase the relevancy of our advertising campaigns.