London's Southbank plays host to pressure group's 'tax haven' on eve of G8 meeting 14/06/2013 The Isle of Shady, a pop-up tax haven on London’s South Bank, has been set up by ‘Enough Food IF’ campaigners today (14/06/2013) as they call for tax justice on the eve of the Open for Growth: Tax, Trade and Transparency event (15 June) and G8 summit (17-18 June).
Bermuda and BVI split over signing UK Territories tax deal before G8 13/06/2013 Whilst the premier and minister of finance of the British Virgin Islands, Dr. D. Orlando Smith, has accepted the invitation to attend two meetings in London on 15 June hosted by Prime Minister David Cameron ,Bermuda's premier, Craig Canonnier, is not ready to sign the international transparency convention that Britain's prime minister had planned to achieve ahead of the G8 summit in Northern Ireland next week.
Malta changes expat incentive scheme 12/06/2013 The Maltese Government has changed the terms of the incentive scheme offered to high net worth individuals (HNWIs) seeking to obtain a residence permit.
Labour accused of hypocrisy over tax avoidance share deal with donor 10/06/2013 The Labour Party has been accused of hypocricy after it aided a donor, John Mills, in avoiding tax of up to £1.5m by accepting a £1.65m donation in the form of shares in his the shopping channel company owned by its biggest individual donor rather than cash, according to the Independent newspaper.
Treasury makes amendments to SDLT rules following further abuses 10/06/2013 The UK Government has tabled an amendment to Finance Bill 2013 to put “beyond doubt” that a particular stamp duty land tax (SDLT) avoidance scheme is ineffective. The scheme uses the SDLT transfer of rights rules to avoid SDLT on the purchase of UK land. The legislation will have effect from 21 March 2012.
Swiss and US sign MoU on FATCA 07/06/2013 Switzerland and the United States have signed a Memorandum of Understanding over the obligations of Swiss banks as part of the FATCA agreement agreed in February 2013.
Isle of Man and Bermuda pledge support for UK's tax transparency drive 07/06/2013 Working with the United Kingdom to promote global tax transparency is all part of the Isle of Man’s long standing commitment to international responsibility and co-operation. This was the message from Chief Minister Allan Bell MHK ahead of the G8 summit to be hosted by the UK in Northern Ireland later this month (June 17-18) a sentiment echoed earlier this week by the Bermuda’s Minister of Finance, Mr ET Richards.
