World Bank Publishes Policy Paper on Low Tax Jurisdictions and Preferential Regimes: Policy Gaps in Developing Economies   The World Bank has published a policy paper dated 12 March 2019 on Low Tax Jurisdictions and Preferential Regimes: Policy Gaps in Developing Economies. The paper reviews recent international initiatives and domestic policy developments aimed at helping...Read More

EU expands blacklist of ‘uncooperative’ countries The European Union has substantially expanded its blacklist of non-cooperative tax jurisdictions. The original list of five countries was published in December 2017, based on criteria of tax transparency and fairness developed by the EU’s Code of Conduct (Business Taxation) Group (CCG). Member States’ finance ministers this week approved...Read More

French Bill proposes new tax for digital companies France has imposed its own tax redistribution reforms on US technology firms. The French finance minister, Bruno Le Maire, yesterday announced a Bill that would impose a 3 per cent tax on all revenues deemed to have been generated in France by digital companies with more than EUR25...Read More

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

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