Tax & Regulation
North America | 19 Aug 14
PwC faces 25m fine and ban over
PwC has been fined $25m by the New York Department of Financial Services (NYDFS) for abetting the falsification of data within a regulatory report at the Bank of Tokyo Mitsubishi (BTMU).
Tax & Regulation | 18 Aug 14
HMRC is closing in on you Offshor
HM Revenue & Customs has told offshore tax evaders to come forward now before we come to you, as it makes failure to declare taxable offshore income and gains a strict liability offence.
Tax & Regulation | 15 Aug 14
HMRC moves goalposts
UK employee benefit trust (EBT) users will no longer be granted access to the full tax saving benefits of the Liechtenstein Disclosure Facility (LDF), following a “remiss” agreement between HM Revenue & Customs and the Government of Liechtenstein.
North America | 14 Aug 14
Canadians throw down rights charter challenge
Two Canadians with dual US citizenship are suing Canadas federal government over its decision to sign up to FATCA.
Tax & Regulation | 14 Aug 14
mexico more tax compliant than Jersey
Mexico has been named as fully compliant with international tax standards by the OECD while others, including Indonesia and Chile have been rated either largely or partially compliant.