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
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
Turkey has been on the grey list of European Union non-cooperative tax jurisdictions since 2017, a situation that undermines its credibility in fiscal transparency. By the end of last year, Turkey should have taken two additional steps to avoid being blacklisted: implementing the Automatic Exchange of Information (AEOI) and becoming… – Continue reading
Amendments to transfer pricing laws have been disclosed on 11 February 2020. ... - Continue reading
More efforts to be expected from OECD concerning tax matters. ... - Continue reading
Clarifications on India Union Budget 2020. ... - Continue reading
Spain focuses on transfer pricing. ... - Continue reading
Facebook founder and CEO Mark Zuckerberg on Friday endorsed moves from the OECD set of free-market markets to reform how online giants have been taxed globally, even if this means firms like his spending more to federal governments. “We also need tax reform and I am thankful the OECD is… – Continue reading
The OECD Secretariat proposed the Unified Approach in October 2019 to address the tax challenges arising from the digitalization of the economy. ... - Continue reading
Guidance to get a passport in Vanuatu for 2020. ... - Continue reading
