The European Parliament’s inquiry committee investigating the ‘Panama papers’ is also looking into the recent ‘Bahamas leaks’, a cache of documents leaked in September to journalists working with the international consortium of investigative journalists, naming politicians and others linked to co
HM Treasury has added Brazil to the list of countries that have declared their support for the initiative to establish automatic exchange of information on beneficial ownership. This brings to 48 the number of countries now participating.
The European Commission has opened an in-depth investigation into Luxembourg’s tax treatment of the GDF Suez group (now Engie).
The European Commission has produced a ‘scoreboard’ of key risk indicators to help member states to decide which non-EU jurisdictions should be formally screened as part of the process of drawing up a common EU list of non-cooperative tax jurisdictions by the end of 2017.
Pakistan has become the 104th signatory to the multilateral convention on mutual administrative assistance in tax matters.
On 20 September, the Council of the EU approved the conclusion of an agreement with Andorra giving their tax administrations improved cross-border access to information on the financial accounts of each other’s residents.
The Guernsey government is consulting until 21 October 2016 on the legislation required in order for the States of Guernsey to introduce country by country reporting. See www.gov.gg/cbCR.
HM Treasury has added Norway to the list of countries that have declared their support for the initiative to establish automatic exchange of information on beneficial ownership. This brings to 47 the number of countries now participating.