Cyprus’ banks are exerting all efforts to comply with the Foreign Account Tax Compliance Act (FATCA) agreement signed between Cyprus and the USA, the Association of Cyprus Banks revealed ... Read More
FATCA Data Exchange Service The Internal Revenue Service (IRS) has begun International Data Exchange Service (IDES) enrollment. The platform will enable the secure transmission of client data under the ... Read More
“The AICPA supports comprehensive tax reform.” These were the words of Troy Lewis, chair of the AICPA’s Tax Executive Committee, in a letter sent to Rep. Paul Ryan, R-Wis., ... Read More
An energy company operating in Ukraine has suspended its capital investment program, attributing the decision to sales restrictions and a “punitive” tax regime for gas production. JKX Oil & ... Read More
The Swiss Government announced on January 7, 2014, that it had again rejected a popular initiative, “energy instead of VAT,” that would have replaced the nation’s value-added tax (VAT) ... Read More
Credit Suisse said on Thursday its offices in Milan were searched by Italian tax police last month, following reports of an investigation into whether a Bermuda subsidiary of the ... Read More
KPMG has revealed that future threats from companies like Google were a key reason for its £40m investment into accounting services for small and start-up businesses. When asked about ... Read More
Guernsey’s Policy Council has received a draft report that considers the future of the island’s personal tax, pensions, and benefits systems. The report was jointly prepared by the Treasury ... Read More
HMRC has announced that there will be a “transitional period” for small businesses affected by new VAT rules. The new Europe wide legislation, which came into force on 1 ... Read More
After rising in November, the short-term and mid-term ACI readings both continued their upward trend in December, with the short-term and the long-term readings both both comfortably in positive ... Read More
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