Tax haven
EU To Put End To Tax Avoidance by MNCs
The Finance Ministers of EU member-states have agreed to close loopholes in tax legislation allowing multinational companies to avoid paying taxes on dividends, reported Reuters.
The agreement is a step in the direction of terminating the practice of companies declaring their taxes where they find it most expedient to pay taxes.
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Bahama leaks: Offshore secrets revealed
In the digital age, offshore secrets are hard to keep. In its latest revelations, investigations have been published based on the leak of 1.3m internal files from the company register of the Bahamas, one of the world’s most notorious tax havens.
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Political turmoil over offshore amendment continues
The government is expected to submit in parliament on Wednesday a new amendment on the controversial article included in the omnibus and provided that politicians would be able to own offshore companies in tax havens countries, as Proto Thema newspaper revealed.
New Democracy demands answers on offshore companies amendment
The Greek government is trying to find a specious way to change the amendment on offshore companies scandal that led to political turmoil after Proto Thema newspaper revealed that the specific amendment was included in the omnibus bill passed in parliament a few days ago.
Political turmoil over off-shore article amendment
All opposition parties have expressed their frustration over the new amendment made by SYRIZA-ANEL government regarding the article 178 of the omnibus bill passed in Greek parliament a few days ago.
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IMF, World Bank, UN, OECD form new group to stop tax erosion
The International Monetary Fund and the World Bank said on April 19 they are joining forces with other international organizations to cooperate on tax issues and develop new tools and standards to halt tax base erosion and evasion.
EC Proposes New Reporting Rules for Multinationals to Boost Tax Transparency
The European Commission proposed on Tuesday to introduce public reporting requirements for the largest companies operating in the EU and in tax havens in a bid to boost tax transparency.
The proposal aims to ensure that multinationals publish each year a report disclosing the profit and the tax accrued and paid in each member state on a country-by-country basis.
Panama Papers: Bulgarian MP Proposes Tax Amnesty for Offshore Account Holders
A Bulgarian MP has proposed to announce a tax amnesty scheme for the country's nationals holding funds in bank accounts in offshore jurisdictions following revelations in Panama Papers leaks.
Panama Papers Reveal Offshore Accounts of Balkan Figures
Media outlets all over the Balkans are scanning the leaked data from Mossack Fonseca to find out which of their own nationals are named in the 11.5 million files.
The documents from the fourth largest law firm in the world, known as the Panama Papers, show the many ways in which rich people around the world have exploited secretive offshore tax regimes and tax havens.
Foreign landlords in Turkey must file taxes by March 25
The tax treatment of income elements gained by foreigners from any source of income has usually been at the top of the international tax agenda and extensively debated worldwide by experts, academics and tax practitioners alike.