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Jan 17, 2017

Hong Kong Consults On Beneficial Ownership Plans

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.

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Jan 17, 2017

India, Singapore Revise Tax Treaty

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.

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Jan 17, 2017

UK Introduces New Penalties For Tax Evasion "Enablers"

By Jason Gorringe

"Enablers" of offshore tax evasion in the UK face tough new sanctions that came into force on January 1, 2017.

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Jan 17, 2017

50 Countries To Automatically Exchange Tax Data: OECD

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).

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Mar 7, 2016

Dramatic Increase In Yield From HMRC's HNW Unit

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

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