The EU resolves to blacklist nil tax jurisdictions The European Parliament has agreed that the EU Code of Conduct Group (Business Taxation) should broaden the criteria used to blacklist non-cooperative jurisdictions. The aim of this new resolution is to make the process of listing or delisting a country more transparent, consistent and impartial; also adding...Read More

HMRC condemns tax avoidance agreements with revenue service trusts With the release of its guidance “Disguised remuneration: tax avoidance by selling future business revenues to a revenue service trust”, Her Majesty’s Revenues and Customs (HMRC) recently seeked to warn the public from entering specific kind of agreements with offshore “revenue-service” trustees. These agreements regard the...Read More

The UK seeks legislative freedom by withdrawing from DAC6’s disclosure provisions Following Brexit, the UK government has decided not to proceed with the implementation of the EU’s Council Directive (EU) 2018/822 (DAC6), which involves mandatory disclosure of cross-border tax planning schemes. With the new free trade agreement signed by the UK with the EU, both...Read More

EU remedies to the inefficiencies of its blacklisting system for tax havens The Members of the European Parliament (MEPs) recently adopted a resolution introducing changes in the system used to draw up the EU list of tax havens, which up to date was “confusing and ineffective”. The 2017’s list of tax havens drawn up by...Read More

Argentina passed wealth tax to fund Covid relief On December 4, Argentina passed a one-off wealth tax with the goal of mitigating the effects of the pandemic. The Draft Law of solidarity and extraordinary contribution (Proyecto de Ley de aporte solidario y extraordinario para ayudar a morigerar los efectos de la pandemia) was presented on...Read More