Search Results for: oecd
Deloitte announces new Managing Partner for Tax
June 8th, 2016
Deloitte has announced Matt Ellis as new managing partner for tax in the UK and Switzerland. He assumes the role from Andy Hodge, who has led the practice for the past five years and is retiring from the firm. ...
Thomson Reuters Survey Reveals More than Half of Financial Institutions Are Concerned about Reputational Risks of FATCA & CRS Non-Compliance
June 1st, 2016
More than 50 percent of senior executives from multinational financial firms are concerned non-compliance with the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) mandates could affect the reputations of their institutions.. “The results of the ...
EU Approves Directive On CbC reporting of tax information
June 1st, 2016
On May 26, 2016, the Council of the European Union approved a Directive on the country-by-country (CbC) reporting of tax information by multinational corporations and automatic exchange of that information between EU tax authorities, which member states would be ...
Lebanon declared that Tax data to be shared with foreign states in 2018
May 23rd, 2016
Automatic exchange of financial account information to be handled by specialized agency Lebanon has declared its commitment to the international standard of automatic exchange of financial account information, which aims to combat tax evasion and avoidance, according to a ...
EU Lays Down the Law on Tax Deals as Apple Probe Continues
May 20th, 2016
EU regulator clarifies rules for profit-shifting arrangements Transactions between units should be at market prices The European Union, locked in a tax battle with the likes of Apple Inc. and McDonald’s Corp., laid down the law in its bid ...
EU to compile blacklist of tax havens
May 20th, 2016
European Union finance ministers will agree next week to draw up a common list of tax havens and sanctions against them, according to a draft EU document, part of a crackdown on tax evasion by companies and wealthy individuals. ...
Five States Agree To Adopt New Tax Transparency Standard
May 19th, 2016
Bahrain, Lebanon, Nauru, Panama, and Vanuatu – five territories that were earlier criticized for not following tax transparency standards – have newly committed to sharing financial account information automatically with other countries. With these new commitments, 101 jurisdictions around ...
France to Publicize Beneficial Ownership Information
May 17th, 2016
France intends to put in place “as soon as possible” a central registry of information on the beneficial owners of companies and trusts, which will be open to the public. The pledge was made by the French Government as ...
IMF warns on “very bad” consequences of Brexit
May 16th, 2016
The consequences of Brexit would be “pretty bad, to very, very bad”, according to International Monetary Fund chief Christine Lagarde. Speaking at the launch of the Washington-based lender’s most recent review of the UK economy, Lagarde gave a bleak ...
Goldman Sachs says oil’s biggest problem could be over— and now crude is on a charge
May 16th, 2016
The price of oil is surging on Monday morning thanks to a production disruption in Nigeria, continued worries about the amount of crude Venezuela will be able to produce as the country’s economy continues to plunge deeper into crisis, ...
