June 17, 2021

Global tax standard attracts 42 countries

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By Vanessa Houlder From Financial Times The Cayman Islands, Luxembourg and Jersey are among 42 countries that have agreed to pioneer a tax transparency regime in another milestone in the global crackdown on evasion. The Paris-based OECD described the plan for automatic exchange of information on bank accounts holding more than $250,000 as a “real […]

OECD initiative on Base Erosion and Profit Shifting (BEPS)

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At Cayman Finance’s International Tax Initiatives seminar Jan. 23rd 2014 the Organisation for Economic Cooperation and Development (OECD) 15-point action plan is based on the assumption that corporate tax bases of governments are at risk. The risk is real because according to speakers tax rules have not kept pace with changes in global business and […]