Published by Mary Swire on 13 January 2017
Hong Kong's Financial Services and the Treasury Bureau (FSTB) has launched public consultations on legislative proposals to increase the transparency of corporate beneficial ownership in the city, and to enhance its regulatory regime for combating money laundering and terrorist financing.
By Mary Swire
India and Singapore have signed a protocol to limit abuse of their double taxation avoidance agreement. India had also recently agreed a similar change to its tax treaty with Mauritius and Cyprus.
By Jason Gorringe
"Enablers" of offshore tax evasion in the UK face tough new sanctions that came into force on January 1, 2017.
By Ulrika Lomas, Brussels
The OECD said there are now more than 1,300 bilateral relationships in place across the globe, with most of them based on the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (the CRS MCAA).
Published by Robert Lee
UK tax authority HM Revenue and Customs's (HMRC's) High Net Worth (HNW) unit collected GBP29 (USD40.59) for every GBP1 spent on investigations in 2014-15, according to research by international law firm Pinsent Maso