OECD issues guidance on 'golden passport' tax abuse

Financial institutions need to ask additional questions to prevent residence and citizenship by investment schemes being used as tools to hide assets from the tax authorities, the Organisation for Economic Cooperation and Development has said.


Tax authorities update tax haven guide

Countries are deemed to be tax havens or to have a preferential tax regime if they apply a special beneficial tax regime to nonresidents (either companies or individuals) with a view to attracting capital and/or investment.


Upbeat Bankers Want To Pay Less Tax

The banks are also said to be collaborating to build out and secure digital banking channels to reduce long in-bank lines to ease customer pain and shave staff costs.


OECD releases 2017 global mutual agreement procedure statistics

Improving the effectiveness and timeliness of dispute resolution mechanisms is the aim of Action 14 of the BEPS Action Plan (read the final report on Action 14 of the BEPS Action Plan) and is also part of the wider G20/OECD tax certainty agenda. The Actio


Tax havens refuse to cooperate with FBR

Pakistan is currently investigating data of three leaks about Pakistani offshore investments and — two leaks related to tax havens — Panama and Bahamas — which did not offer to share automatic information with Pakistan under the new tax