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New On The Network Today
This feed is published daily with selected new or updated
content from across our network. For a list of network sites, many of
which feature daily news, see below. |
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| 29/07 New
Lowtax Editor Column, by Kitty Miv |
| 28/07 New
PBTG Editor Column, Caroline, PBTG editor |
| 27/07 UK Launches Raft Of Tax Consultations, Tax-News.com |
| 26/07 Fat
Tax On The Menu
, Jeremy Hetherington-Gore blog entry |
| 23/07 Sarkozy Seeks 'Fiscal Convergence' With Germany, Tax-News.com |
| 20/07 Singapore
Base For Tuvalu OIFC, Tax-News.com |
| 19/07 Expats
Turn Backs On US Taxes, Tax-News.com |
| 16/07
Congress Approves US Financial Reform Bill, Tax-News.com |
| 15/07 New
Lowtax Editor Column, by Kitty Miv |
| 15/07 St
Vincent & The Grenadines, Investors Offshore special feature |
13/07 Tax-News.com
Jersey Review 2010-2011 |
| 12/07 Goodbye
To All That, Jeremy Hetherington-Gore blog entry |
| 09/07
Antigua Pursuing Trade Sanctions Against US, Tax-News.com |
| 08/07 New
Lowtax Editor Column, by Kitty Miv |
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06/07 Hong
Kong Full PBTG Guide, added to Personal Business Tax Guide |
| 05/07
Australian Mining Tax Agreement Reached, Tax-News.com |
| 02/07 Online
Trading For Expats, Investors Offshore special feature |
| 29/06 EC
To Extend Common System Of VAT, Tax-News.com |
| 28/06
Lowtax Dubai, annual update |
| 25/06 Jersey
Considers Tax Future, Tax-News.com |
| 22/06 VAT
Hiked In UK Emergency Budget, Tax-News.com |
| 21/06 Steady
Progress In TPP Negotiations, Tax-News.com |
| 18/06 Singapore
- Another Hong Kong?, Investors Offshore special feature |
| 15/06 Swiss
Parliament Approves UBS Agreement, Tax-News.com |
| 14/06 Ethical
Moonshine, Penelope Wise blog entry |
| 11/06 Germany
Purchases Stolen Tax Data Disc, Tax-News.com |
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08/06 Dubai
Full PBTG Guide, added to Personal Business Tax Guide |
| 07/06 G-20
Shelves Global Bank Tax, Tax-News.com |
| 04/06
Lowtax Panama, annual update |
| 01/06
Lowtax Luxembourg, annual update |
| 31/05
OECD And EU Strengthen Tax Cooperation, Tax-News.com |
| 28/05
Lowtax Guernsey, annual update |
| 25/05
Lowtax Jersey, annual update |
| 24/05 Lithuania
Summary PBTG Guide, added to Personal Business Tax Guide |
| 21/05
Lowtax Liechtenstein, annual update |
| 18/05 Latvia
Summary PBTG Guide, added to Personal Business Tax Guide |
| 17/05 Offshore
And The Euro, Jeremy Hetherington-Gore blog entry |
| 14/05 IO
Focus: Barbados, Investors Offshore special feature |
| 03/03
Personal Business
Tax Guide, PBTG, has launched! |
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| Providing essential tax news and information for globally
mobile artists, contractors, entrepreneurs, professionals, small businesses,
sportspersons and entertainers. |
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| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
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| Offshore Centres Sign 16 Bilateral Pacts |
by Ulrika Lomas, Tax-News.com, Brussels
Monday, November 03, 2008
Some 16 new bilateral agreements on exchange of information for tax purposes were signed in the past week between OECD member countries and three offshore financial centres, as the countries stung by the recent banking crisis commence a fresh drive towards "transparency" in global financial regulation and taxation.
During the week in question, the British Virgin Islands signed bilateral tax
information exchange agreements (TIEAs) with Australia and the United Kingdom.
Meanwhile, Guernsey and Jersey each signed bilateral TIEAs with the Nordic economies-
Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden.
These new agreements bring to 44 the number of arrangements put in place since
2000 when the OECD began its first offshore crackdown. The Isle of Man is leading,
with 11 such pacts; Jersey has signed 10, Guernsey nine, the Netherlands Antilles
four and the British Virgin Islands three. Bermuda, also has three of these
agreements, having signed its first bilateral pact with the United States in
1986.
In signing the agreements, these offshore centres may well have succeeded
in ensuring that they do not get included on any new 'blacklist', which is likely
to be published some time in 2009.
"The latest agreements represent a significant extension of information
exchange networks in place in these jurisdictions, showing their commitment
to implementing OECD’s standards of transparency and exchange of information
in tax matters," the organisation noted.
As the OECD observed in its announcement, the global financial crisis and recent
tax evasion scandals have strengthened governments’ determination to fight
tax evasion and bring increased transparency to cross-border transactions.
“At a time when governments are seeking to forge a more stable world
financial system, these are issues that need to be addressed with urgency,”
said OECD Secretary-General Angel Gurría said.
The OECD also revealed that progress towards increased openness is being made
in other financial centres. Cyprus and Malta have removed the last impediments
to full exchange of information; Belgium has negotiated its first tax treaty
with full exchange of information; Bahrain and the United Arab Emirates are
implementing the OECD standards; and the government of Hong Kong (China) recently
launched a review of its policy on exchange of information.
“The political climate is changing, and financial centres that do not
respect the OECD standards will not be allowed to gain a competitive advantage,”
Gurría added.
“Every new bilateral agreement demonstrates that we can make progress
internationally. It is in the interest of all financial centres to have adequate
measures in favour of full transparency as quickly as possible," he argued.
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| THE LOWTAX LIBRARY
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