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Bahamas files: New leak exposes offshore ‘tax haven’ dealings of politicians, companies

Five months after the Panama Papers exposed the offshore dealings of government leaders and influential people, a new leak of 1.3 million files has revealed the names of individuals associated with companies registered in the Bahamas, a notorious tax haven. The files – received by the German newspaper Süddeutsche Zeitung...

Govt approves signing of tax evasion agreement with Samoa

The Cabinet today gave approval for signing and ratification of an agreement between India and Samoa for exchange of information to curb tax evasion. The agreement enables India and Samoa to provide assistance through exchange of information that is foreseeably relevant to the administration and enforcement of the domestic laws...

Ecuador Fights for Global Rules to Clamp Down on Tax Evasion

Ecuador’s foreign minister, leading economists and campaigners call for a new U.N. body to root out tax evaders and crack down on offshore havens. Ecuador ramped up its fight against tax dodging Wednesday as the South American country proposed a plan on the sidelines of the U.N. General Assembly in...

Switzerland’s Supreme Court Permits Dutch Tax Info Request

Switzerland’s Supreme Court has overturned the decision of a lower court preventing information on bank accounts held by Dutch citizens with UBS to be sent to the Netherlands tax authority. Upholding an appeal by a Dutch client of Swiss bank UBS in March 2016, the Federal Administrative Court blocked the...

Tax Amnesty Program of Indonesia Reviewed by Constitutional Court

Indonesian Finance Minister Sri Mulyani Indrawati was at a court hearing in Jakarta on Tuesday (20/09) to defend the legality of the nation’s tax amnesty program. In July 2016 legal activists, gathered within the One Justice Foundation (Yayasan Satu Keadilan) and Indonesian People’s Struggle Union (Serikat Perjuangan Rakyat Indonesia), filed...

Indonesia launches tax hunt on Google

The government has stepped up efforts to collect what it says are millions of dollars of outstanding tax liabilities from Singapore-based Google Asia Pacific Pte. Ltd., which has allegedly booked hefty revenue from Indonesian advertisers without paying proper taxes. The message to the tech giant is clear: we want a...

Private sector groups urge passage of FATCA legislation

Seven private sector organisations Tuesday called on the Trinidad and Tobago government and opposition to put aside their differences and ensure the country meets the September 30 deadline for the Foreign Account Tax Compliance Act (FATCA). They also warned that failure to do so could result in ”serious negative consequences”...

KPMG wants better tax systems

Auditing and tax advisory firm KPMG is calling for establishment of the T&T Revenue Authority (TTRA) so there can be a structured way of collecting taxes. “The current main tax authority does not appear to have structured means, if any, of treating with businesses that conceal transaction to avoid tax...

U.K. Considers Tough Regs on ‘Tax Avoidance Enablers’

Tax evasion is a serious crime that can result in hefty fines and even prison time for the taxpayer if convicted. In an effort to curb the incidence of tax evasion in the U.K., Treasury officials are considering new regulations that would penalize accountants, financial advisors and other promoters and...

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