Tax evasion finally classified as a crime in Panama   Following over a year of discussions, Panama has enacted Law 70 of 2019, which classifies tax evasion as a crime. The country’s government hopes that the development will keep Panama off future OECD and EU blacklists. Tax evasion is classified in most countries as a...Read More

Switzerland and UK complete post-Brexit trade deal Britain and Switzerland formalized a deal on Monday to preserve trade relations between the two countries even if London opts to leave the European Union without a deal with Brussels. British international trade secretary Liam Fox and Swiss Economy Minister Guy Parmelin signed the bilateral trade agreement in Bern...Read More

EU plans to add Saudi Arabia, Panama to dirty money blacklist: FT The European Commission is planning to name Saudi Arabia and Panama in a list of high-risk countries that fail to fight money laundering, despite resistance from Germany, France and the UK, the Financial Times reported on Friday. The blacklist includes the Gulf kingdom...Read More

OECD announces progress made in addressing harmful tax practices (BEPS Action 5) 29/01/2019 – The OECD has released a new publication, Harmful Tax Practices – 2018 Progress Report on Preferential Regimes, which contains results demonstrating that jurisdictions have delivered on their commitment to comply with the standard on harmful tax practices, including ensuring that preferential regimes...Read More

Bern, 24.01.2019 – On 24 January 2019 in Davos, Switzerland and Ukraine signed a protocol of amendment to the agreement for the avoidance of double taxation with respect to taxes on income and capital (DTA). The protocol implements the minimum standards for double taxation agreements and also adapts the DTA to the current treaty policy of the two...Read More