04/20/2021
While some may forecast a negative impact on the art market as collectors may have less cash in their pockets available for discretionary purchases (like art), we do not think this tax change spells all doom and gloom.
04/19/2021
It is expected that the costs incurred as a result will be passed on by the so-called distributors to their customers, and therefore to anyone who uses fossil fuels.
04/16/2021
The Organisation for Economic Cooperation and Development (OECD) has been working on proposals for addressing the tax challenges of the digitalisation of the economy for a number of years.
04/16/2021
This article provides a brief overview of the key elements of the procedural framework for contesting decisions issued by the LTA, as applicable to corporate income tax, municipal business tax, and net wealth tax.
04/14/2021
The negotiated price was higher than the amount of the proceeds that would have remained in the subsidiaries after paying taxes from the land sale.
04/14/2021
All new emigration applications from 1 March onwards will be processed by the South African Revenue Service (SARS) in terms of a new procedure which will focus on the cessation of tax residence by a South African resident.
04/13/2021
Wealthy individuals sit predominantly within the department's wealthy and midsized business compliance directorate (WMBC) which is responsible for general compliance, including spotting and correcting mistakes.
04/13/2021
The organization argues that Romania has introduced "one of the mildest sanctioning regimes in the European Union" that encourages tax evasion, G4media.ro reported.
04/12/2021
The plan also includes more relief for those hit hardest by the coronavirus pandemic such as renters, small businesses, and undocumented immigrants.
04/12/2021
The overall aim of this Directive is to improve administrative cooperation in the field of taxation and address the challenges posed by the digital platform economy.
04/12/2021
The summons require the crypto exchanger to produce records identifying all such taxpayers falling above this US$20,000 threshold, along with any documentation related to their cryptocurrency transactions.
04/08/2021
The proposals would change the gift and estate tax exemption amounts and rates and meaningfully impact trust planning.
04/07/2021
Such agreement will either be in the form of the OECD’s Multilateral Competent Authorities Agreement (MCAA) or another type of exchange of information agreement such as a Tax Information Exchange Agreement (TIEA).
04/07/2021
Reportable Jurisdictions are those participating jurisdictions with an agreement in place to exchange relevant CRS account information with Cyprus.
04/06/2021
This is a global ranking of the countries most complicit in helping wealthy individuals hide their wealth from the rule of law
03/31/2021
Is this just another bubble waiting to burst or is it the sign of an important shift in attitude towards the digital world?
03/29/2021
The purpose of this Program is to provide much needed relief to families and business owners adversely impacted by the economic effects of the COVID-19 pandemic
03/29/2021
With average condominiums selling for over $4 million, Millennium Tower is not only a wealthy residence for the rich, but also a ‘wealth storage unit’ for global capital looking to park itself and hold value.
03/26/2021
Yet one piece of the puzzle is still missing - the clarification on the treatment and taxation of carried interest.
03/12/2021
The EU has also been taking an increasing interest in this area.