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Legislative Developments
 
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A Financial Transaction Tax will not trigger Armageddon, says Baker Tilly 07/06/2013

Swiss banks US tax resolution will be costly - Fitch 30/05/2013
A solution of the dispute between the US authorities and several Swiss private banks, which have allegedly helped US citizens evade tax, is likely to be costly for the banks involved, Fitch Ratings says, in a commentary.

Cameron gets IoM Chief Minister's backing over tax avoidance 24/05/2013
The Isle of Man's Chief Minister, Allan Bell MHK, has welcomed a letter from David Cameron calling on all Britain’s Crown Dependencies and Overseas Territories to continue working with the United Kingdom on tax transparency.

Hong Kong begins professional investor and client agreement consultation 16/05/2013
The Hong Kong financial authorities have have begun a three-month consultation on changes to the professional investor regime and the client agreement requirements in the Code of Conduct.

Guernsey signs DTA with Luxembourg 14/05/2013
Guernsey has signed a Double Taxation Arrangement (DTA) with Luxembourg. It means that Guernsey has now signed ‘full’ DTAs with eight jurisdictions

Model taxpayer charter launched to promote greater fairness in taxation across the world 14/05/2013
Three professional bodies representing more than half a million tax advisors worldwide have produced a 'Model Taxpayer Charter' of taxpayer rights and responsibilities intended as a blueprint for what a good tax system should contain.

Belgium offers diamond dealers tax amnesty 07/05/2013
Belgium has offered diamond traders a chance to avoid legal prosecution from illegally concealing millions of euros in private bank accounts by paying back taxes, according to diamond trade reports.

Jersey strategic review sees responsibility shift to chief minister 30/04/2013

Bayern Munich boss under tax investigation for tax evasion on Swiss account 23/04/2013
Uli Hoeness ,the president of Germany’s most illustrious and famous team, Bayern Munich, is under investigation for tax evasion on a large Swiss bank account

Jersey signs DTA with Luxembourg 19/04/2013
Jersey has signed a comprehensive Double Taxation Agreement (DTA) with Luxembourg. It is the Island’s eighth DTA and 39th international tax agreement that meets the OECD tax standards on transparency and information exchange.

 
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