Greece to Ratify Six Tax Accords

Categories: Taxation in Canada, Taxation in Greece

Within the week ending November 11th, the Greek Finance Ministry will bring forwarx six Double Taxation Avoidance Agreements (DTA) for ratification in the country’s Parliament.
Among the presented agreements, the DTA with Canada is the most significant and unique, being a product of almost 25 years of continued bilateral negotiations. Within the standard stipulations characteristic for [...]

Within the week ending November 11th, the Greek Finance Ministry will bring forwarx six Double Taxation Avoidance Agreements (DTA) for ratification in the country's Parliament. Among the presented agreements, the DTA with Canada is the most significant and unique, being a product of almost 25 years of continued bilateral negotiations. Within the standard stipulations characteristic for DTAs, the most attention has been drawn to the provisions regulating the tax treatment of Canadian pensions received by Greek nationals living outside of Canada. Taking into ... Read More

Tobin Tax Splits G20 Summit

Categories: International Tax Cooperation, Taxation in Canada, Taxation in EU, Taxation in France, Taxation in Germany, Taxation in UK, Taxation in USA

Gordon Brown, UK Prime Minister, brought forward a suggestion at the G20 summit, to instate a global foreign currency transaction tax on banks (commonly referred to as a Tobin Tax). The idea created an almost immediate split of opinion within the G20.
At the G20 Summit on November 7th, in St. Andrews, Scotland, the UK Prime [...]

Gordon Brown, UK Prime Minister, brought forward a suggestion at the G20 summit, to instate a global foreign currency transaction tax on banks (commonly referred to as a Tobin Tax). The idea created an almost immediate split of opinion within the G20. At the G20 Summit on November 7th, in St. Andrews, Scotland, the UK Prime Minister suggested banks be levied with a tax on their financial transactions. Gordon Brown made it clear that he wishes to see the burden of bank bailouts ... Read More

Tax Information Exchange Agreement Update

Categories: International Tax Cooperation, Offshore Banking, Tax Havens, Taxation in Australia, Taxation in British Virgin Islands, Taxation in Canada, Taxation in Cayman Islands, Taxation in EU, Taxation in France, Taxation in Germany, Taxation in Ireland, Taxation in Liechtenstein, Taxation in Monaco, Taxation in New Zealand, Taxation in Turks & Caicos Islands, Taxation in UK, Taxation in USA

Since the April G20 summit, over 50 new TIEA agreements have been signed across the globe.
The London G20 Summit, held on the 2nd of April this year, heralded an unprecedented wave of Tax Information Exchange Agreement (TIEA). In what was described as “revolutionary” by Angel Gurría, OECD Secretary-General, the number of completed TIEAs has almost [...]

Since the April G20 summit, over 50 new TIEA agreements have been signed across the globe. The London G20 Summit, held on the 2nd of April this year, heralded an unprecedented wave of Tax Information Exchange Agreement (TIEA). In what was described as “revolutionary” by Angel Gurría, OECD Secretary-General, the number of completed TIEAs has almost doubled since their inception in late 2000. Since the G20 summit, and subsequent global push for greater tax transparency and compliance, the following 53 agreements have been ... Read More

Canada to Follow US with UBS

Categories: International Tax Cooperation, Offshore Banking, Taxation in Canada, Taxation in Switzerland

The Canadian Revenue Agency have announced that they will enter into discussion with Swiss bank UBS in regards to possible tax evasion information.
Following swiftly upon news that the US Government and UBS had reached a settlement in their offshore account tax evasion dispute, the Canadian Revenue Agency (CRA) has announced that they too will engage [...]

The Canadian Revenue Agency have announced that they will enter into discussion with Swiss bank UBS in regards to possible tax evasion information. Following swiftly upon news that the US Government and UBS had reached a settlement in their offshore account tax evasion dispute, the Canadian Revenue Agency (CRA) has announced that they too will engage in discussions with UBS in regards to divulging information about Canadian national tax evaders. On the 21st of August it was announced by Jean-Pierre Blackburn, Canadian National Revenue ... Read More