Search Results for: Tax
Cypriot government to impose immovable property tax
July 29th, 2014
All companies, organisations and individuals, either residing in Cyprus or abroad, who had immovable property registered in their name in Cyprus as of January 1, 2014, are subject to Immovable Property Tax, if the total value of their property ...
Ukraine plans to introduce “war tax”
July 29th, 2014
According to Ukraine’s Deputy Finance Minister, Volodymyr Matviychuk, the Ministry is considering the introduction of a special “war tax” of 1.5 percent on salaries, coming into effect before the end of the year. Following a media briefing, Matviychuk cited ...
Banks Cash In on Mergers Intended to avoid Taxes
July 29th, 2014
Jamie Dimon, the chief executive of JPMorgan Chase, recently said, “I love America.” Lloyd Blankfein, the chief executive of Goldman Sachs, wrote an opinion article saying, “Investing in America still produces the best return.” Yet guess who’s behind the ...
Tax Breaks introduced for Russia-China Gas Deal
July 28th, 2014
Following a major 30-year gas supply deal signed by the Russia and China on May 21, 2014, the two countries are discussing the introduction of tax breaks on both sides of the border. Gazprom, Russia’s state-owned gas company, signed an agreement ...
Lew Can Use Tax Rule to Slow Inversions according to Ex-Official
July 28th, 2014
The U.S. Treasury Department should use immediate stopgap regulations to make offshore transactions known as corporate inversions less lucrative, said the department’s former top international tax lawyer. The administration can unilaterally limit inverted companies from taking interest deductions in ...
Tax fraud in Catalonia advances talks
July 28th, 2014
Jordi Pujol, the patriarch of Catalan politics, has admitted conducting tax fraud by hiding money offshore. Mr. Pujol, 84, founded Catalonia’s governing party, Convergence, and was its leader from 1980 to 2003. During that period, he acted as a ...
OECD Releases New Tax Info Exchange Standard
July 23rd, 2014
The Organisation for Economic Cooperation and Development (OECD) on July 21, 2014, released its new global Standard for Automatic Exchange of Financial Account Information in Tax Matters, hailing the move as another important step towards greater tax transparency and ...
Sweden Calls For EU Ruling On Bitcoin Taxation
July 22nd, 2014
Sweden has asked the European Union to provide definitive rules on the Value Added Tax treatment of cryptocurrencies, such as Bitcoin, after concerns raised by the nation about the UK’s revised position, issued in March. On June 2, 2014, ...
Julius Baer expects to settle U.S. tax case in months
July 21st, 2014
Julius Baer (BAER.VX) expects to strike a deal with U.S. authorities in a matter of months to settle a criminal investigation into the Swiss bank’s role in helping wealthy Americans evade their taxes, its chief executive said on Monday. ...
Credit Suisse to report biggest loss since 2008 linked on Tax Fine
July 21st, 2014
Credit Suisse Group AG (CSGN) is poised to report its biggest quarterly loss since the collapse of Lehman Brothers Holdings Inc. after being fined $2.6 billion for helping American clients evade taxes. The bank will tomorrow post a loss ...
