Deputy Economy Minister Yasutoshi Nishimura told Bloomberg that, by April 2015, the Japanese Government will begin to make significant cuts to Japan’s high corporate tax rate.
Author Archive for: offshore
This author has yet to write their bio.Meanwhile lets just say that we are proud offshore contributed a whooping 23 entries.
Entries by offshore
The US Internal Revenue Service has announced an 18-month grace period before it begins enforcing the Foreign Account Tax Compliance Act against foreign financial institutions (FFIs) that cannot meet FATCA’s requirements. However, the concession is being offered only to banks and other institutions that make ‘good faith’ efforts to follow the reporting and withholding duties […]
Canadian money stashed in 10 offshore tax havens hit $170 billion in 2013. That’s $15 billion more than in 2012, according to Canadians for Tax Fairness using new data from Statistics Canada. The money flowing to tax havens is growing at a faster rate than investment in non-tax haven countries. At least 40 per cent […]
The Bahamas cabinet has approved in principle a Model 1 agreement with the USA to implement the US Foreign Accounts Tax Compliance Act. The announcement follows a ‘productive round of negotiations’ earlier this month during which the US Treasury Department appears to have conceded that foundations will be exempt from FATCA reporting and withholding taxes. […]
Australia and the United States have today signed an intergovernmental agreement (IGA) to reduce the burden on Australian financial institutions in complying with the United States’ Foreign Account Tax Compliance Act (FATCA).
It is reported in the Indian financial press that Cyprus and India will finalise the amendments to their double taxation avoidance agreement in the next few weeks.The Indian High Commissioner to Cyprus has said that a team from the Indian ministry of finance is expected to visit Cyprus in the next few days to carry […]
The U.S. Treasury Department on Wednesday gave foreign financial institutions 10 extra days to register with the U.S. government, under a new law to combat offshore tax dodging by Americans that goes into effect on July 1.
On 31 March 2014, Law of Ukraine “On preventing financial catastrophe and creating grounds for economic growth in Ukraine” No. 1166-VII dated 27 March 2014 (the “Law“) came into effect.
The UK government has confirmed that it will oppose clauses in the EU’s Fourth Money Laundering Directive that would force all trusts to identify their beneficiaries in publicly accessible registries.
The Luxembourg Government has approved a draft grand ducal regulation lowering registration duties, calculated with reference to the vessel’s tonnage, on the first registration of a ship in Luxembourg.