Category: Regulatory

Banking / Cayman Islands / Hedge Fund / Offshore / Offshore Tax Evasion / Regulatory / Tax Avoidance / Tax Haven

Cayman tops ranking of money hideouts

Posted On: February 19, 2020

Cayman is now the top enabler of financial secrecy in the world, according to the findings from the Tax Justice Network’s Financial Secrecy Index 2020. In second and third place respectively, were the United States and Switzerland. The Tax Justice Network has called on policymakers to prioritise sanctions against Cayman… – Continue reading

Canada / Dividends / Infrastructure / Investments / Lease / Legislation / Profit Shifting / Revenue / Royalties / Tax Authority / Tax treaties / Treating Shopping / Treaty Abuse

Canada: Treaty Shopping: MIL, MLI And ALTA Things In Between

Published by: Mondaq - February 19, 2020

On February 12, the Federal Court of Appeal (FCA) released its decision in The Queen v. Alta Energy Luxembourg S.a.r.l.1 (Alta Energy), a case that represents an attempt by the Canadian tax authority to relitigate the issue of whether Canada’s domestic general anti-avoidance rule (GAAR) can apply to curtail so-called “treaty shopping”.2   ... - Continue reading

Base Erosion & Profit Shifting / Double Taxation / India / Sri Lanka / Tax Evasion

Cabinet approves India-Sri Lanka Agreement amendment on double taxation, evasion

Posted On: February 12, 2020

New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the signing and ratification of the protocol amending the Agreement between India and Sri Lanka for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, according to a Press… – Continue reading

EU / Forms / OECD / Revenue / Sweden / Transfer pricing

Sweden’s tax agency rejects Puma’s transfer pricing position, concludes risk borne elsewhere

Posted On: February 11, 2020

The Swedish tax agency has adjusted the taxable income for the PUMA Group’s Swedish distributor, Puma Nordic AB, concluding that, for transfer pricing purposes, the Swedish distributor could not control the main risks in the Puma Group and therefore should not have carried the local market risks. The adjustment, made… – Continue reading

Business / Double Tax Treaty / Double Taxation / Expatriates / Expats / Philippines

Philippines lands in Forbes’ Top 25 Best Places to Retire in 2020

Posted On: February 11, 2020

The Philippines was recognized as one of the best places where US expatriates (expats) could retire in 2020, according to a recent newsletter from Forbes. It was among 25 countries chosen by the American business magazine. The Philippines was described to be an “English-speaking Pacific Ocean nation of 7,400 islands”… – Continue reading

Banking / Business / Debt / Guaranty Trust Bank / Infrastructure / Legislation / Offshore / Offshore Investments / Offshore Trusts / Tax Laws

GTBank Urges FG to Introduce Structural Reforms

Posted On: February 10, 2020

The recurring inability of government to achieve its projected non-oil revenues over the years points to the need for urgent structural reforms, a report by Guaranty Trust Bank Plc (GTBank) has stated. The bank stated this in its 2020 macroeconomic and banking sector outlook, obtained yesterday. It stressed the need… – Continue reading

Framework / G20 / Lease / Multinationals / OECD / Permanent establishment / Revenue / Transfer pricing

Countries launch review of country-by-country reporting framework for multinational groups

Published by: MNE Tax - February 9, 2020

An OECD-led group of 137 countries that work together on multinational group tax issues has released a consultation document and has requested public feedback to assist in a planned review of country-by-country reporting. The countries, known as the “Inclusive Framework on BEPS,” also scheduled a public consultation on the topic for March 17.
... - Continue reading

Follow:

Trending Now

Top 10 Sources