Bahamas Removed from EU List of Non-Cooperative Jurisdictions The European Union Code of Conduct Group has officially recommended the Bahamas’ removal from the list of non-cooperative jurisdictions for tax purposes. The Government received confirmation of this in writing on April 17, 2018 from the Secretariat of the Code of Conduct Group. At its meeting on...Read More

OECD releases new edition of the CRS Implementation Handbook Today, the OECD published a new set of bilateral exchange relationships established under the Common Reporting Standard Multilateral Competent Authority Agreement (CRS MCAA) which for the first time includes activations by Panama. In total, there are now over 2700 bilateral relationships for the automatic exchange of offshore...Read More

Grey-listed jurisdictions agree to publish their tax commitments The European Union has published the high-level political commitments made by certain countries to get themselves removed from the EU blacklist of non-cooperative jurisdictions for tax purposes. European UnionRead More

Commission welcomes adoption of far-reaching new transparency rules for tax advisers in the EU The European Commission has welcomed the political agreement reached by EU Member States today on new transparency rules for intermediaries – such as tax advisers, accountants, banks and lawyers – who design and promote tax planning schemes for their clients. The...Read More

Regulations demand disclosure of company beneficial ownership To tackle tax evasion, Indonesia’s President Joko Widodo has issued regulations requiring all businesses to disclose details of who beneficially owns the entity. The move will give Indonesia’s tax authorities more data with which to tackle tax evasion and money laundering, it was said. It will also support...Read More