Tax & Regulation | 14 Apr 16
More action needed to advance global tax transparency, OECD says
The international community should call time on all remaining nations who have yet to implement internationally agreed tax transparency standards, OECD secretary-general Angel Gurría said on Thursday in a new report to the G20.
North America | 14 Apr 16
Canada investigates fund transfers to the Isle of Man
Canada’s Revenue Agency (CRA) has audited 3,000 electronic funds transfers to the Isle of Man, made by around 800 Canadian taxpayers totalling C$860m (£472.2m, $672.5m, €593.4m).
Alternatives | 14 Apr 16
Irish Funds forecasts ‘significant’ growth in AIFs
Irish Funds, which represents the international fund community in Dublin, saw strong growth in the number of new Alternative Investment Funds (AIFs) in 2015 and expects that trend to continue.
Top 50 US firms stashing $1.3trn offshore, says Oxfam
The 50 biggest US corporations have more than a trillion dollars hidden offshore, according to a new report published by Oxfam on Thursday.
OMGI launches UK long/short Ucits fund
Old Mutual Global Investors (OMGI) is to launch the Old Mutual UK Specialist Equity Fund on 28 April 2016. Subject to regulatory approval, the Ireland-domiciled fund will be registered for sale in a range of European countries and Singapore.