UK: Beneficiaries of foreign trusts will not be named on public register of property-owning entities The UK government has published its final plan for a public register of beneficial ownership of foreign companies and entities that own UK property. The register, which will come into operation in 2021, is intended to tackle corruption, in particular...Read More

The UK Cyprus Double Taxation Convention was signed on 22 March 2018 in Nicosia A new Convention for the elimination of double taxation with respect to taxes on income and on capital gains and the prevention of tax evasion and avoidance was signed on Thursday in Nicosia, between the Republic of Cyprus and the United...Read More

Base erosion and profit shifting is being implement by the countries that are signing the Multilateral Instrument. The MLI shall enter into force on 1 July 2018. Base erosion and profit shifting (BEPS) refers to tax avoidance strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations. Under...Read More

Fair Taxation of the Digital Economy On 21 March 2018, the European Commission proposed new rules to ensure that digital business activities are taxed in a fair and growth-friendly way in the EU. Why do we need new rules for the taxation of the digital economy? Today’s international corporate tax rules are not fit for...Read More

Federal Council wishes to secure jobs in long term with tax proposal 17 Bern, 21.03.2018 – During its meeting on 21 March 2018, the Federal Council adopted the dispatch on tax proposal 17 (TP17). It wishes to quickly improve matters for domestic and foreign companies with the proposal, also on the basis of international developments...Read More