Entries by offshore

Kuwait prepares to sign FATCA IGA

Kuwait’s Ministry of Finance has stated its desire to sign a Model 1 Intergovernmental Agreement (IGA) to help banks comply with the United States Foreign Account Tax Compliance Act (FATCA).

Italy confirms tax cuts

Following a Cabinet meeting on April 8, 2014, the Italian Government has issued a three-year Economic and Financial Document (DEF), which includes Premier Matteo Renzi’s pledge to pass both individual and corporate income tax cuts. The tax reductions are to be provided, not only as a first decrease in Italy’s high tax burdens, but also […]

Chile – President presents tax reform bill to Congress

Chilean President Michelle Bachelet has submitted her “signature” tax reform bill to Congress, in a bid to improve tax equality, reduce tax evasion and help fund social spending. The reforms also aim to lift tax revenue by USD 8.2 billion to get rid of the fiscal deficit by 2018. The President is proposing to cut […]