International Tax Transparency Reviews Start

Categories: International Tax Cooperation, Taxation in Australia, Taxation in Canada, Taxation in Cayman Islands, Taxation in EU, Taxation in Germany, Taxation in India, Taxation in Ireland, Taxation in Monaco, Taxation in Norway

The international fight against cross-border tax evasion has taken a step forward with the initiation of a peer review group which aims to assess the progress made by nations in implementing internationally agreed standards of tax transparency.
On March 18th the Organization for Economic Cooperation and Development (OECD) announced the initiation of the first step in [...]

The international fight against cross-border tax evasion has taken a step forward with the initiation of a peer review group which aims to assess the progress made by nations in implementing internationally agreed standards of tax transparency. On March 18th the Organization for Economic Cooperation and Development (OECD) announced the initiation of the first step in the most extensive and through international tax transparency assesment process that has ever been undertaken. Eighteen nations from the 91 participating members of the Global Forum on ... Read More

Tobacco Taxes Rising Worldwide

Categories: Taxation in New Zealand, Taxation in UK, Taxation in USA, Taxation in Vietnam

According to numerous political and anti-tobacco activists worldwide, taxes on cigarettes and tobacco products should be increased to raise Government revenues and deter smoking.
Several anti-smoking organizations across the world have released new reports claiming that a fresh round of tax increases needs to be seen on tobacco products, and Government officials across New Zealand, several [...]

According to numerous political and anti-tobacco activists worldwide, taxes on cigarettes and tobacco products should be increased to raise Government revenues and deter smoking. Several anti-smoking organizations across the world have released new reports claiming that a fresh round of tax increases needs to be seen on tobacco products, and Government officials across New Zealand, several US states, Vietnam and the UK are looking set to oblige. Although, the governments and anti-smoking groups are fighting for differing causes, with Governments citing budgetary ... Read More

More Germans Disclosing Hidden Funds

Categories: Offshore Banking, Offshore Taxation, Tax Havens, Taxation in Germany, Taxation in Switzerland

German nationals are declaring their hidden Swiss based assets in increasing numbers, after the Government disclosed its intention to purchase data on tax evaders with bank accounts in Switzerland.
The German Government has reported that its latest move in the fight against tax evasion is having a positive effect, with a sharply increased number of German [...]

German nationals are declaring their hidden Swiss based assets in increasing numbers, after the Government disclosed its intention to purchase data on tax evaders with bank accounts in Switzerland. The German Government has reported that its latest move in the fight against tax evasion is having a positive effect, with a sharply increased number of German nationals opting to voluntarily disclose their hidden bank accounts. Since the Government announced its intention to purchase information on 1 500 German tax evaders, an additional 3 ... Read More

Germany Intends to Buy Stolen Bank Data

Categories: International Tax Cooperation, Offshore Banking, Offshore Taxation, Taxation in Germany, Taxation in Liechtenstein, Taxation in Switzerland

German Government officials have announced their intention to purchase information regarding 1 500 German nationals who allegedly hold undisclosed wealth in Swiss offshore accounts, which could net the Government an approximated €100 million in tax revenues and penalties.
The German Government has disclosed that it has been offered information by an anonymous informant regarding numerous German [...]

German Government officials have announced their intention to purchase information regarding 1 500 German nationals who allegedly hold undisclosed wealth in Swiss offshore accounts, which could net the Government an approximated €100 million in tax revenues and penalties. The German Government has disclosed that it has been offered information by an anonymous informant regarding numerous German nationals allegedly holding undisclosed wealth in Swiss bank accounts. In a statement made on February 1st German Chancellor Angela Merkel stated that the Government should do everything ... Read More