Category: Tax Laws

Banking Secrecy / Common Reporting Standard / Credit Suisse / Philippines / Tax Amnesty / Tax Laws / Tax Reform

Tax amnesty plan faces hurdles – Credit Suisse

Posted On: December 19, 2019

MANILA, Philippines – Investment bank Credit Suisse said an effective tax amnesty program would face hurdles in the Philippines due to the country’s strict banking secrecy law. In its Asian daily report titled “Philippines: Credible threat still lacking,” Credit Suisse economist Michael Wan said the planned program announced by Finance… – Continue reading

Australia / Base Erosion & Profit Shifting / Framework / Israel / Tax Authority / Tax Avoidance / Tax treaties

Tax treaty ratified

Posted On: December 12, 2019

‘The new tax treaty between Australia and Israel will ensure the economic, trade and commercial relationship between our two countries is strengthened’. A “HISTORIC” new tax treaty between Australia and Israel has been hailed as “representing an important milestone in removing tax barriers and facilitating trade and investment” between the… – Continue reading

Bangladesh / Czech Republic / Double Tax Treaty / Double Taxation / Investments / Tax Authority

Dhaka, Prague sign deal to avoid double taxation

Posted On: December 12, 2019

Bangladesh and the Czech Republic have signed a double taxation avoidance agreement (DTAA) in a bid to strengthen bilateral trade and investment ties between the two countries. National Board of Revenue (NBR) chairman Md Mosharraf Hossain Bhuiyan and Czech deputy prime minister and finance minister Alena Schillerova inked the agreement… – Continue reading

Business / Corporate Tax / Digital Services / Facebook / Ghana / Jurisdiction / Nigeria / Profit Shifting / Residence / Tax Haven / Tax Laws / World Trade Organisation

How major tech companies exploit tax laws: A focus on Ghana and Nigeria

Posted On: December 11, 2019

When World Trade Organisation (WTO) officials designed the territorial taxing rights back in the 1920s, not many people imagined that a century later; these guidelines would still underpin the international tax system. Today, highly digitalised companies such as Facebook and Google are able to operate internationally from their tax havens,… – Continue reading

Base Erosion & Profit Shifting / Business / Corporate Tax / Country-by-Country (CbyC) Reporting / Framework / Multinationals / OECD / Revenue / Tax Avoidance / USA

GRI issues international corporate tax reporting standard

Posted On: December 9, 2019

The Global Reporting Initiative has issued a new international tax reporting standard that aims to ensure multinational companies are much clearer about how much they pay in taxes, and where. While the standard has no legal force, it could influence the ongoing debate in the U.S. and abroad on how… – Continue reading

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