Expats in Spain risk tax residency if caught in covid lockdown
183 days remains the threshold even if people were unable to leave the country
OECD
-
-
Bahamas to introduce 90-day minimum residency for tax status
Move followed criticism of the country’s residence-by-investment programme
-
US will not swap Fatca for common reporting standard
Worldwide pressure does little to sway American policy
-
Swiss banking secrecy laws ‘not doomed yet’
Plans to scrap a class of anonymous shares in Switzerland have been met with fierce opposition and will likely not be passed into law, as three out of four of the nation’s major political parties have criticised the idea.
-
EU puts US on the clock for tax blacklist
If the US does not comply with the OECD Common Reporting Standard by June next year it faces being placed on the EU blacklist for non-cooperative jurisdictions, an EU top official has warned.
-
Woodford: UK growth set to top OECD
Neil Woodford has told investors the UK is set to become the fastest-growing economy in the Organisation for Economic Co-operation and Development (OECD) by the end of 2018 as he notes institutional investors remain underinvested in the country post Brexit.
-
Common Reporting Standard’s conflict with data human rights
The intrusive Common Reporting Standard will only be curbed if someone is prepared to sacrifice their own privacy in a test case to assert the right to privacy for everyone, according to a partner at British law firm Mishcon de Reya.
-
Swiss tax evaders come clean in record numbers
Officials in Zurich reported a three-fold rise in the number of tax evaders voluntarily turning themselves in during 2017, as international regulations requiring Swiss banks to share details of offshore clients takes effect.
-
Consultation exposes potential CRS loophole
A global consultation on requirements for advisers to report offshore tax evasion strategies appears to highlight a potential loophole.
-
Jersey and IoM join 19 jurisdictions rated ‘compliant’ by OECD
Jersey and the Isle of Man have topped the Organisation for Economic Cooperation and Development’s compliance table for the exchange of tax information.
-
Ten jurisdictions fall under beneficial ownership scrutiny
Australia, Qatar and Canada are among six jurisdictions rated largely compliant but still needing to make improvements in the latest wave of peer reviews by the OECD focusing on availability of beneficial ownership information.
-
‘Frustrated’ EU politicians step up pressure on US over Fatca
Members of the European Parliament have asked the European Commission to open talks with the US to make data exchange under the Foreign Account Tax Compliance Act (Fatca) reciprocal.