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BVI concludes Negations on Foreign Account Tax Compliance Act

BVI concludes Negations on Foreign Account Tax Compliance Act

June 22, 2014 1:24 am

Introduction The BVI government recently issued a statement on the conclusion of negotiations with the US on a Model 1 Intergovernmental Agreement under the US Foreign Account Tax Compliance Act. The Ministry of Finance of the BVI government in a statement said that the final text of the agreement had been initialed, thereby paving way […]

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OECD Proposes Reforms to Increase Tax Contribution of Top Earners

OECD Proposes Reforms to Increase Tax Contribution of Top Earners

June 22, 2014 1:24 am

OECD (Organization for Economic Co-operation and Development) has released a report previewing the growing income disparity between the world’s top earners and the rest of the population , and has proposed tax reforms which governments can make to keep up with the trend. Tax reforms in almost all OECD countries over the last 30 years […]

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OECD Issues Latest Tax Transparency

OECD Issues Latest Tax Transparency

June 22, 2014 1:24 am

OECD’s ( Organization for Economic Co-operation and Development) Global Forum on Transparency and Exchange of Information for Tax Purposes has issued 12 new report that preview the action being taken by jurisdictions in implementing the organization’s international standard of information exchange upon request. The OECD has undertaken the publishing of four new Phase One reports, […]

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