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UK applies pressure to OTs

UK applies pressure to OTs

June 22, 2014 1:18 am

The UK Prime Minister is adding pressure to the leaders of overseas territories to make public their planned registers of company owners domiciled in their jurisdictions. Even though Mark Simmonds, The FCO’s OT minister said when he visited Cayman at the end of last year that it was a matter for local government to know […]

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Draft deoffshorization law: CFC rules, residency criteria for companies, taxation of indirect transfer of ownership in Russian property –rich companies

Draft deoffshorization law

May 15, 2014 9:06 pm

Russian Government’s Action Plan on de-offshorization of the Russian economy has set out that a package of draft laws aimed at averting the use of offshore companies for tax avoidance should be prepared in 2014’s second quarter. On March 18 2014 , the Russian Ministry of Finance availed for public discussion, the draft law on […]

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Hong Kong Considers How to Maintain Low-Tax Regime

Hong Kong Considers How to Maintain Low-Tax Regime

May 15, 2014 9:04 pm

After a question was asked in the Legislative Council on the latest report of the Working Group on Long-Term Fiscal Planning, Hong Kong’s Secretary for Financial Services and the Treasury, Professor K Chan , stressed that fiscal prudence will remain in the Government’s guiding principle in managing public finances , as will the maintenance of […]

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