Bermuda Current Affairs - 2019

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EU Adds 10 Countries to Tax Blacklist

The European Union has expanded its tax haven blacklist by including 10 countries. The list now has 15 countries. The list was first drawn up by EU in 2017 in the wake of several scandals, including the Panama Papers and LuxLeaks, that pushed the EU into doing more to fight tax evasion by multinationals and Read More…

Month:  Categories: InternationalUPSC

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OECD introduces ‘single global standard’ for automatic exchange of financial info

Taking a significant step towards combating the black money menace, the Paris-based Organisation for Economic Co-operation and Development (OECD) unveiled ‘single global standard’ for automatic exchange of financial account information between jurisdictions. To enable automatic exchange of financial account information pertaining to tax issues, the new standard makes it mandatory for the financial institutions, including Read More…

Month:  Categories: International

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