12/06/2021
UK asset holding company regime
A new elective tax regime for companies which hold investment assets as part of fund structures is being introduced in the UK from 1 April 2022.
Tax
11/25/2021
Storage sounds simple – but VAT rules are complex
In some instances, the use by a tenant of a building or unit will include the storage of stock or equipment, but that element is ancillary to the business which the tenant is carrying on from those premises.
11/24/2021
Central Bank of Ireland Provides Details for Taxonomy Regulation and SFDR Level 2 Fast-Track Processes
The TR requirements will apply from 1 January 2022.
11/23/2021
Tax Reform: What's In and What's Out (For Now)
The summary below describes provisions in the House-passed bill that are most likely to affect individual taxpayers and also discusses portions of the original proposal that were cut from the legislation that passed the House.
11/19/2021
Global Forum members continue multilateral efforts to advance transparency agenda and fight tax evasion
Celebrating 10 years of Global Forum capacity-building activities, members will also reflect on ensuring transparency and exchange of information benefit developing jurisdictions and help them in their fight against tax evasion and other illicit financial
11/18/2021
Foreign Grantor Trusts: Non-US Trust Planning for US Family Members
Non-US patriarchs and matriarchs with US family members can though substantially improve the position for their US family members through the establishment of a so called ‘foreign grantor trust’ (hereinafter ‘FGT’).
11/10/2021
Federal Council brings new legal framework on implementation of international tax agreements into force
The revision of the law now also stipulates how mutual agreement procedures are to be carried out at national level, provided the applicable agreement does not contain any deviating provisions.
11/10/2021
How your cryptoassets will be taxed in the UK
This means that investors found to be evading tax bills may incur severe penalties – further evidence for why getting your cryptoasset taxes in order is crucial.
11/09/2021
Burges Salmon launches innovative new tax App ResiCheck
Firm launches ResiCheck, our App to guide clients on whether they are UK tax resident
11/06/2021
New tax information notice for UK financial institutions
Notices can be issued where HMRC is seeking information for its own enquiries, or where it has been asked for information by a foreign tax authority.
11/06/2021
Taxing the digital economy
The OECD aims that pillar two will be brought into law in 2022, to be effective in 2023, with the under taxed payments rule coming into effect in 2024.
11/05/2021
New tax information notice for UK financial institutions
The changes are intended to enable HMRC to deal more efficiently with requests for information from foreign tax authorities.
11/02/2021
The Build Back Better Act: Tax Reform Implications for Private Equity M&A
Following is a brief summary of certain BBBA concepts which, if enacted in its current form, would potentially increase the overall tax burden on certain parties involved in private equity mergers and acquisitions (M&A) transactions and may have year-
10/30/2021
European countries and US reach deal on unliteral digital services taxes
The UK, Austria, France, Italy and Spain had wanted withdrawal of DSTs to be contingent on implementation of pillar one, while the US wanted the DSTs withdrawn from 8 October 2021.
10/22/2021
How Investec was a player in the world’s largest tax fraud (Part 2)
Investec issued these in its capacity as the pension funds' custodian bank.
10/22/2021
United States: Challenges expected in US implementation of OECD agreement on global tax reform
While this agreement is a key milestone in the process, there is still a great deal of technical work ahead, and implementation of the agreement—targeted for 2023—will have its own challenges, including in the US.
10/22/2021
Swiss Bank Under Tax Scrutiny in Germany
It isn't clear whether the investigation in Munich is widened to the bank, which didn't comment, or any employees.
10/21/2021
Investec implicated in probes into the world’s largest tax fraud (Part 1)
Cum-ex is in the jargon of investment banking, a complex type of trading "strategy".
10/19/2021
Fears for TIEAs: mutual exchange agreements want to rule the offshore world
This article considers how courts have approached TIEA requests in three offshore jurisdictions.
10/18/2021
Aviation: Belgium to introduce a boarding tax
While the tax is intended to combat environmental pollution, it will clearly help curb the budgetary deficit Belgium is currently facing, as the new measure should raise €30 million.