Two weeks before the first OECD Common Reporting Standard (CRS) reporting deadline of May 31, Barbados, Curacao, and Niue and Trinidad and Tobago have been withdrawn from the OECD list of reportable jurisdictions for 2017, and have been moved to the list of reportable jurisdictions for 2018. The following are now the Reportable Jurisdictions for…
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Multinational Big Business Lobby For 3.5% Offshore Repatriation Tax
According to various news reports, US multinationals are "pushing" the US government to further reduce the tax rate on offshore profits. Major U.S. multinationals are pushing the Trump administration to deepen the tax break it has already tentatively proposed on $2.6 trillion in corporate profits being held offshore by more than 500 U.S. companies. Nearly a…
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Tax Reform Dead -Tax Cuts Possible and GOP Has No Plan B Without Border Tax
On May 11, 2017 we posted Which of President Trumps Tax Proposals Will Become Law? where we discussed the that the most realistic baseline scenario regarding tax legislation is that there is a repeal of the ACA and associated taxes. While at this time, it is unclear what a replacement bill may look like. …
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Are You Hiding Assets in the BVI? NOT Anymore Your NOT!
The British Virgin Islands’ Government has signed new legislation regarding Beneficial Ownership & Technical Protocol with the UK which will come into force in June 2017, which is hoped to improve the exchange of beneficial ownership information between the UK & BVI law enforcement for taxation rulings. As per the agreement, the UK Government will…
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