Tax & Regulation
EU tax haven blacklist shrinks by half
The European Union’s embattled list of non-cooperative jurisdictions for tax purposes has nearly halved after commitments were made at a “high political level” in eight jurisdictions to address EU concerns.
Australian bank to pay millions in advice compensation
The Commonwealth Bank of Australia (CBA) has been rapped for more advice failings and is expected to pay nearly A$2m (£1.15m, $1.6m, €1.3m) in compensation to clients of five former advisers.
Shakira latest superstar targeted by Spanish taxman
Colombian pop singer Shakira is under investigation for tax evasion, joining the likes of Cristiano Ronaldo, Lionel Messi and Jose Mourinho who have all fallen foul of the Spanish tax authorities.
Alternatives | 22 Jan 18
India to tax Bitcoin gains
Tens of thousands of cryptocurrency investors in India have been sent tax bills, after a nationwide survey showed more than $3.5bn (£2.5bn, $2.8bn) worth of transactions in the alternative asset were made over a 17-month period.
Rich get richer through tax avoidance, warns charity
Global leaders should do more to crack down on tax avoidance after figures revealed that global wealth rose $9.2trn (£6.6trn, €7.5trn) in the year to June 2017, with $7.6trn going to the top 1% who are not paying their fair share, Oxfam has said.