Canada’s framework for the maintenance of ownership information is in place but ‘requires improvement’ in relation to nominees and bearer shares, according to the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes.
The International Mutual Administrative Assistance in Tax Matters Order, SI 2011/1079, brings into effect arrangements set out in a Protocol (signed on behalf of the UK in May 2010) to the joint Council of Europe/OECD Convention on Mutual Administrative Assistance in Tax Matters.
The Double Taxation Relief and International Tax Enforcement (Montserrat) Order, SI 2011/1083, brings into effect an arrangement between the governments of the UK and Montserrat which amends an existing arrangement for the avoidance of double taxation and the prevention of fiscal evasion.
The following statutory instruments bring into effect arrangements for the exchange of information for tax purposes between the governments of the UK and Antigua and Barbuda, Saint Lucia, Saint Christopher (Saint Kitts) and Nevis, and Saint Vincent and the Grenadines respectively.
Paul Smith considers whether the Budget proposals have done enough to prevent further corporate migration and attract businesses from overseas.
Robert Langston outlines the tax issues faced by a UK company undertaking activities in the US
The Vita Group trades in 25 countries, therefore tax certainty in these many countries is an important issue for the group.
Chris Morgan reviews recent developments, including Bayfine on double tax relief and the long-awaited draft Directive on CCCTB
The OECD published a summary of a recent meeting between private sector representatives and delegates of a working party on the transfer pricing aspects of intangibles.