Kelly O’Dwyer, Australia’s Minister for Revenue and Financial Services, has stressed that the Government has taken and will continue to take steps to tackle corporate tax avoidance by large businesses. Speaking to Sunrise’s David Koch on August 23, 2017, the Minister said: “We absolutely believe very strongly that you cannot choose how much tax you […]
Anti-Tax Avoidance Measures Under Fire from Employers, Tax Advisors; Corporate Tax Systems
Changes to the corporate tax system may make the Netherlands a less attractive location for international business. The employers and Dutch Order of Tax Advisors say the government is choosing the wrong parts of a European directive to tackle tax avoidance to incorporate into domestic law. They made their comments in response to the online […]
Mauritius Denies Plans to Renegotiate DTA with India
Mauritius’s Ministry of Finance has denied that there are plans for a renegotiation of the jurisdiction’s double tax agreement with India in the near future. The Ministry stated: Further to press articles alleging that Mauritius and India are to begin a fresh round of negotiations to amend the Double Taxation Avoidance Convention, the Ministry of […]
IRS signs contract to track bitcoin companies
The Internal Revenue Service has signed a contract with a company called Chainalysis that offers software for analyzing and tracking bitcoin companies. The IRS has been pushing for ways to tax bitcoin companies. In 2014, it issued basic guidance in Notice 2014-21 stating that virtual currencies such as bitcoin should be treated as property rather than currency […]
Ireland awarded high OECD rating on tax transparency
Top ‘compliant’ rating given to Ireland, Norway and Mauritius Ireland has received one of the highest international ratings on tax transparency from the OECD. The organisation’s Global Forum on Transparency and Exchange of Information is part of the implementation of the common reporting standards in the wake of the global clampdown on multinational tax avoidance. […]
Investors would rather register a company in Mauritius than South Africa
Despite a larger economy and a much bigger population, South Africa’s political uncertainty and failure to draw cost-sensitive investors has given way for the rise of Mauritius as the top investment destination in Africa to register a company. Speaking to CNBC Africa, Bravura’s executive director, Soria Hay, said Mauritius is fast-gaining the reputation among […]
India, Mauritius set to hold fresh talks on DTAA amendments
Companies registered in Mauritius are the largest source of FDI into India, making it crucial for New Delhi to amend double tax avoidance agreement (DTAA) in its bilateral tax treaty India and Mauritius are set to begin a fresh round of negotiations to amend their double tax avoidance agreement (DTAA) to ensure that capital flows […]
Hong Kong and Saudi Arabia enter into double taxation pact
Hong Kong (HKSAR) – The Secretary for Financial Services and the Treasury, Mr. James Lau, on behalf of the Government of the Hong Kong Special Administrative Region, signed in Hong Kong today (August 24) a comprehensive agreement for the avoidance of double taxation (CDTA) with Saudi Arabia, which signifies the Government’s sustained efforts in expanding […]
HMRC probing Manchester United players over image rights tax dodge
HMRC is probing at least two Manchester United players over potential image rights tax dodging, as reported by the Daily Mail. The tax avoidance allegedly occurred under an agreement in the 2014-2015 season, where clubs would pay up to a fifth of their footballers’ total pay packages to ‘image rights’ companies rather than as […]
Japanese-Estonian taxation treaty
The government approved the taxation treaty agreement on Thursday to avoid double taxation between Estonia and Japan by handing over the power to the finance minister to sign the agreement on behalf of Estonia. The negotiations of the agreement between Estonia and Japan followed the direction of Estonia’s tax agreement policy of leaving the residential […]