The number of non-domiciled taxpayers in the UK fell by 13.5 per cent to 78,300 in the 2017-2018 tax year, according to recent figures from HMRC. The dramatic fall in numbers coincided with the introduction of wide-ranging reforms to the taxation of resident non-domiciled individuals, including rules introduced in April 2017, under which long-staying non-doms...Read More

Jakarta. The government is prioritizing revisions to the corporate income tax law, seeking to cut the tax rate from 25 percent to 20 percent to attract more investment, Finance Minister Sri Mulyani Indrawati said on Wednesday. “We’re working out how quick [this new policy] can be implemented and how much it will impact fiscal risks,” Sri Mulyani said, as quoted by CNN...Read More

The Swiss Federal Court has decided that data on around 40,000 clients of Swiss bank UBS should be handed to Paris tax authorities. The decision has been described as key for the country’s banking sector. Judges approved the move by three to two, it was announced on Friday. The court said external link that France’s administrative assistance request was...Read More

The United States Senate on Wednesday ratified a double-taxation agreement (DTA) with Switzerland, ending years of stalemate. The agreement, which required two-thirds of votes, was accepted by a large majority, according to the US Senate websiteexternal link. This accord, designed to meet international standards on the exchange of bank data, had been blocked for ten...Read More

The trustees of a GBP80-million discretionary settlement executed in 1968 have obtained court permission to treat one of the settlor’s descendants as a beneficiary, although she was born before her parents married. The trust’s current governing deed requires the trust fund to pay the income for life to the settlor’s grandchildren, RS and TU (all...Read More