Search Results for: tax
Switzerland, Italy Reach Agreement On Tax Treaty
January 20th, 2015
Italy and Switzerland have agreed an amendment to their double tax agreement to enhance tax information exchange provisions. It is hoped that the agreement will be signed before the March 2 deadline set by Italy’s new voluntary disclosure program ...
Richest Russians Repatriate Assets After Putin Turns Tax Screw
January 20th, 2015
President Vladimir Putin is pushing harder on Russia’s richest citizens to repatriate offshore assets amid a slump in the ruble and the imposition of sanctions by the U.S. and the European Union. Under new tax rules signed into law ...
Commission To Probe All EU Advance Tax Rulings
January 19th, 2015
The European Commission has announced that its ongoing inquiry into advance tax rulings will be expanded to cover all European Union member states. The Commission said on December 17 that it will ask member states to confirm whether they ...
Switzerland Legislates For Automatic Exchange tax-related information
January 16th, 2015
The Swiss Federal Council has launched two parallel consultations on legislation that would enable Switzerland to automatically exchange tax-related information from 2018. The first consultation concerns draft legislation arising from Switzerland’s October 2013 signature of the Organisation for Economic ...
Euro-MPs back LuxLeaks tax probe
January 15th, 2015
European lawmakers backed an official probe into tax evasion Wednesday, a hot topic after the “Luxleaks” scandal that has embroiled EU commission head and former Luxembourg premier Jean-Claude Juncker. The Greens group said it had collected enough votes to ...
AICPA provides feedback on tax reform proposals
January 13th, 2015
“The AICPA supports comprehensive tax reform.” These were the words of Troy Lewis, chair of the AICPA’s Tax Executive Committee, in a letter sent to Rep. Paul Ryan, R-Wis., the new chair of the House Ways and Means Committee, ...
Scotland Proposes UK Oil And Gas Tax Breaks
January 12th, 2015
Scotland’s Energy Minister, Fergus Ewing, has published a new report calling for urgent reform of the UK’s oil and gas tax regime. In his January 8 discussion paper, Ewing said the recent fall in the oil price has increased ...
Energy Firms Rethink Ukraine Investment On Tax Change
January 9th, 2015
An energy company operating in Ukraine has suspended its capital investment program, attributing the decision to sales restrictions and a “punitive” tax regime for gas production. JKX Oil & Gas, which is based in the UK, announced that its ...
Credit Suisse says Milan offices searched by Italian tax police
January 8th, 2015
Credit Suisse said on Thursday its offices in Milan were searched by Italian tax police last month, following reports of an investigation into whether a Bermuda subsidiary of the Swiss bank helped wealthy Italians hide undeclared funds. “We can ...
Guernsey Tax Regime Review Continues
January 7th, 2015
Guernsey’s Policy Council has received a draft report that considers the future of the island’s personal tax, pensions, and benefits systems. The report was jointly prepared by the Treasury and Resources Department and the Social Security Department, with a ...
