Tag Archives: Tax

International Financial Services: Dubai and Abu Dhabi authorities collaborate

This collaboration has at the heart of it the application of the highest global standards, standards which are being used as a means to maintaining competitiveness. Given the greater scrutiny that jurisdictions that operate international financial services centres have come under in recent times expect to see more of these types of collaborations. Continue reading

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China Makes Changes To Its Dividends Tax

In a move to further encourage the development of China’s stock markets and long term investment, the government in this move is trying to discouraging something that has plagued western markets – short term speculation. Continue reading

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Posted in Capital Markets, Government Policy, Investment, Securities | Tagged , , , | 1 Comment

Poker players must pay taxes on their winnings in Germany

By: Rechtsanwalt (Attorney) Carsten Lexa, LL.M. The German finance court of Cologne has ruledthat poker is a game of skill.  The ruling is in response to poker player Eduard Scharf´s claims that his poker winnings shouldn’t be taxed because poker is a … Continue reading

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What Is The Best Way For Governments To Combat Global Tax Evasion?

Given the state of the global economy and the fiscal constraints many governments find themselves one would reasonably think that all is being done to locate, account and tax these monies? With a conservative $21 trillion out there, the results so far speak for themselves. Continue reading

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Value In Use Or Value In Exchange, A Serious Tax Issue To Consider Before Bartering

By: Ainsley Brown In a previous post, As companies battle the recession, bartering comes in handy, Carsten Lexa a contributor here at Commercial Law International, gave us an introduction to bartering schemes and their advantages for cash strapped businesses battling … Continue reading

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The UK Extents Tax Amnesty

By: Ainsley Brown In a very surprising move HM Revenue & Customs (HMRC) has extended it tax amnesty program – the New Disclosure Opportunity (NDO). The NDO was set to expire on November 30 of this year but has been … Continue reading

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Jamaica To Hire Baker & MacKenzie As Financial Centre Consultants

By: Ainsley Brown Jamaica is set to hire global legal giant Baker & MacKenzie (Baker) as its consultant on its new International Financial Centre (IFC). The deal, the details of which are still immerging, is subject to Cabinet approval and … Continue reading

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Posted in Asset Management, Banking, Brand Management, CARICOM, Economy, Entrepreneurial, G-8/G-20, Government Policy, Investment, Law Firms, Tax | Tagged , , , , , , , , , , , , , , , , , , , , | 1 Comment

Liechtenstein And The UK Enter Tax Info Sharing Agreement

By: Ainsley Brown It has been reported in the Times that ¨up to 5, 000 British investors have an estimated £3 billion stashed away in secret accounts in Liechtenstein. It is a good thing then, well good from the perspective … Continue reading

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Posted in Asset Management, Banking, Brand Management, G-8/G-20, Government Policy, Tax, Treaty | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

No More OECD Tax Black List?

By: Ainsley Brown There are no more countries left on the Organization of Economic Cooperation and Development’s (OECD) Tax haven black list. Does this mean that the black list is no more? No, not exactly. The OECD has removed Andorra, … Continue reading

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