Category: Europe
$65 billion cash mystery puzzles Britain’s audit office
Mystery in the economy of Britain. How come there is an increase in circulation of pound notes when there is a decrease in day-to-day cash transactions? ... - Continue reading
What is VAT?
Value Added Tax (VAT) is a consumption tax charged on most goods and services consumed in the EU. The tax is levied on the 'value added' to the product at each stage of production and distribution. ... - Continue reading
Russia and Cyprus sign amended double taxation treaty
Russia and Cyprus get together for tax reform. ... - Continue reading
France sees EU digital tax solution in 2021
GAFA group -- Google, Apple, Facebook and Amazon, please take note! ... - Continue reading
HMRC says 10% rise in UK tax evasion reports is due to whistleblowers
HMRC, the British government’s tax authority, has reported a 10% rise YoY in evasion probes – and says the increase is due to a surge in whistleblowers. Today’s figures, released by UHY Hacker Young, reveal 73,000 reports arising from whistleblowing, representing a 10% rise on the numbers for 2018-19.UHY Hacker… – Continue reading
Bermuda: Enforcement Of Judgments 2020 – Trends And Developments
Bermuda is a self-governing overseas territory of the United Kingdom. It has a population of over 60,000 people on a land mass of just 21 square miles. The island group is located in the Atlantic Ocean, approximately 760 miles due east of Cape Hatteras, North Carolina. Surrounded by coral reefs and the Gulf Stream, Bermuda remains a popular destination for tourists but its infrastructure, flexible and innovative corporate structures and strong regulatory environment have made it a leading offshore jurisdiction for company incorporations, including for a number of companies listed on the main New York and Hong Kong stock exchanges ... - Continue reading
China’s Hong Kong, Serbia sign comprehensive avoidance of double taxation agreement
HONG KONG, Aug. 28 (Xinhua) — The government of China’s Hong Kong Special Administrative Region has signed a comprehensive avoidance of double taxation agreement (CDTA) with Serbia, signifying the government’s sustained efforts in expanding Hong Kong’s tax treaty network, a government spokesman said Friday. The CDTA is the 44th such… – Continue reading
Finance ministers of German-speaking countries hope for OECD deal on digital tax
VIENNA, Aug. 25 (Xinhua) — Finance ministers of German-speaking countries expressed their hope here on Tuesday that there will be an agreement on a digital tax at the the Organization for Economic Cooperation and Development (OECD) level in autumn. German Finance Minister Olaf Scholz said he was “very confident at… – Continue reading
Facebook to pay $125 million in back taxes to France
Earlier, France had decided to take the bull named digital tax by its horns, and now it is reaping the benefits. ... - Continue reading
Spain extends tax residency rules to lockdown-enforced stays
Bad news for travellers stuck in Spain due to the COVID-19 lockdown! ... - Continue reading
Slovak companies are interested in tax havens. Their number continues rising
Hundreds of Slovak companies have moved their headquarters to tax havens since the beginning of the year. Currently, 5,268 Slovak companies reside in countries with tax advantages, as stems from an analysis of the Bisnode consulting company. The number of companies in tax havens rose again in the second quarter… – Continue reading
Cyprus: Cyprus And Switzerland Agree Updated Double Tax Treaty
On 20 July 2020 Cyprus agreed an updated double tax treaty (DTT) with Switzerland. The signatory for Cyprus was Foreign Minister Constantinos Petrides, while his counterpart, Pierre-Yves Fux, signed on behalf of the Swiss Federal Council. The revised protocol will update the existing agreement, which has been in force since July 2014. Details of the protocol were published in the Official Gazette on the 24 July 2020 and are now undergoing the ratification process. ... - Continue reading
Cyprus, Russia agree to amend double tax treaty: Cypriot minister
Cyprus and Russia decide to amend their double taxation agreement. ... - Continue reading
OECD assesses Cayman’s process to resolve double-taxation disputes
OECD examines Cayman Islands' implementation of BEPS Action 14. ... - Continue reading
