05/07/2021
In the past decade many governments have made a lot of progress in getting archetypal havens to start sharing information on the owners of offshore wealth.
05/06/2021
Part of "Tax Mind": A collection of thought provoking content for tax professionals.
05/04/2021
The proposed concession will address general partners and fund/investment managers’ concerns on the tax exposure relating to their performance fee, or commonly known as “carried interest”.
05/03/2021
The so called “new taxing right” would be an overlay to existing nexus and profit allocation rules.
04/30/2021
In line with prior downturns, over the last number of months we have seen a significant rise in the formation of 'tax blocker' subsidiaries for existing US CLO issuers with exposure to affected assets.
04/30/2021
The update advises that the CRS reporting functionality in the DITC portal has been re-enabled
04/27/2021
Therefore, users are to be taken into account as important assets for enterprises, capable of driving and changing the taxation approach of various transactions.
04/26/2021
It was originally envisaged that the consideration for the sale would be a mixture of cash and ordinary shares issued by the purchaser.
04/26/2021
A long-running dispute with Germany is fading now that both countries and others automatically exchange data about bank accounts.
04/23/2021
The element of the payment which is made on behalf of the player will be treated as taxable income of the player as a ‘benefit in kind’.
04/23/2021
The information to be exchanged relates to the identity, activities, and ownership chain of entities that are noncompliant with substance requirements or that engage in “high-risk” activities, such as activities relating to intellectual proper
04/21/2021
The offshore financial interests of millions of Britons have been handed to HMRC since 2018
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.