The OECD has issued another update on jurisdictions‘ progress to amend their preferential tax regimes to remove harmful elements under the OECD base erosion and profit shifting Action Plan minimum standard on harmful tax regimes (Action 5).
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Lowtax.net News: British OTs Must Introduce Public Beneficial Ownership Registers
The UK’s 14 Overseas Territories must bring in publicly accessible registers concerning the beneficial ownership of legal entities or face having them imposed by the UK, following Royal Assent to the UK Sanctions and Anti-Money Laundering Act 2018 on May 23, 2018.
Lowtax.net News: ECCB Says Blockchain Could Solve Caribbean De-Risking Crisis
The Director of the Eastern Caribbean Central Bank, Christopher Louard, recently said blockchain technology may provide a possible solution to the region’s „derisking“ challenges.
Lowtax.net News: Caribbean Community Seeks Swedish Support On Tax Issues
The Secretary-General of the Caribbean Community, Irwin LaRocque, has urged Sweden to use its position in two major international organizations to highlight the unfair labeling of some Community member states as „non-cooperative tax jurisdictions.“
Lowtax.net News: Caribbean States To Improve Internet Infrastructure
The Caribbean Community has approved a roadmap for the creation of a single „Information Communication Technology Space“ for its member states.
Lowtax.net News: BVI Hosts Regional BEPS Conference
The British Virgin Islands has hosted a regional conference on „Current Developments in International Taxation and the Impact on Caribbean Jurisdictions.“
Lowtax.net News: Cayman Extends US, UK FATCA Reporting Deadline
Cayman financial institutions will have longer to submit information required under the US Foreign Account Tax Compliance Act regime and the UK’s equivalent arrangements.