France’s trust ownership registry to be opened to the public

France-300The French government will soon make public the register of beneficial ownership of trusts it set up in 2013.

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Irish Tax Revenues Continue To Improve

Tax Administrations  2Irish tax revenues for the first four months of 2016 were 3.5 percent above target, while the deficit was half that in the same period in 2015.

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Hong Kong, Latvia Sign DTA

Hong-Kong,-LatviaOn April 13 in Riga, Hong Kong’s Secretary for Financial Services and the Treasury K C Chan signed a comprehensive double taxation agreement between Hong Kong and Latvia.

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Government of Canada cracks down on tax evasion

Canada-tax-evasionThe Government of Canada has committed to crack down on tax evasion and tax avoidance. Most middle class Canadians pay their fair share of taxes, but some wealthy individuals avoid taxes by hiding their money in offshore tax havens. This is not fair and it needs to change. These wealthy Canadians should not be able to buy their way out of paying the income tax that they owe.

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Concrete Actions Needed To Advance Global Tax Transparency: OECD

Concrete Actions Needed To Advance Global Tax Transparency - OECD The international community should call time on those territories that have yet to implement internationally agreed tax transparency standards, the OECD Secretary-General, Angel Gurría, said in a new report to the G20.

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Brazil Cuts Several Import Tax Rates

Brazil’s Foreign Trade Chamber (CAMEX) has announced that the ten percent import duty on wheat will be eliminated until August 15, 2014, and duties will be cut for capital goods and electronic goods.

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UAE signs provisional FATCA agreement

The United Arab Emirates (UAE) has entered into an Intergovernmental Agreement (IGA) in substance to implement the United States’ Foreign Account Tax Compliance Act (FATCA), reports Tax News.

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Switzerland enacts law to support FATCA

The Swiss Federal Council has decided to bring the Foreign Account Tax Compliance Act (FATCA) Act, together with the ordinance on disclosure obligations, into force on June 30, 2014, to ease Swiss financial institutions’ implementation of the new disclosure rules, reports Tax News.

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Costa Rica To Whittle Away At Tax Gap

Costa Rican Minister of Finance Helio Fallas announced a number of new tax measures to be implemented this year and in 2015 to tackle the country’s deficit. Read more

U.S. and Singapore reach agreement on tax evasion: U.S. Treasury

Singapore has reached a tax information-sharing agreement with the United States under a new law meant to combat offshore tax dodging by Americans.

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