Invest Offshore

Tag: OECD

  • Bahrain To Introduce Minium Tax For Large Multinationals

    Bahrain To Introduce Minium Tax For Large Multinationals

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    Aaron
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    Bahrain is to introduce a tax on large multinational firms for the first time, the kingdom’s official news agency reported Sunday, bringing the Gulf state in line with efforts towards a global minimum corporate rate. Beginning in January 2025, the measure will place a minimum tax of 15 percent on revenues over 750 million euros ($830…

  • Navigating the Crossroads: The United States, the OECD, and the Future of International Taxation

    Navigating the Crossroads: The United States, the OECD, and the Future of International Taxation

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    Aaron
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    In 2025, the United States Congress will stand at a pivotal crossroads, facing a decision with far-reaching implications for international taxation, tax competition, and the global economy at large. The choice before it is stark and consequential: to align with the Organization for Economic Co-operation and Development’s (OECD) proposed tax increases, or to assert autonomy…

  • Ireland is right to resist US and OECD led calls for global corporation tax rate

    Ireland is right to resist US and OECD led calls for global corporation tax rate

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    Aaron
    in

    Ireland is right to resist a global minimum corporation tax rate which could end up being a “masterclass in the law of unintended consequences”, affirms the CEO of one of the world’s largest independent financial advisory and fintech organisations. The comments from Nigel Green, the chief executive and founder of deVere Group, come as Ireland’s…

  • EY Tax survey predicts tax reform likely within six months

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    Aaron
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    Nearly two-thirds of international tax professionals are preparing for transition to territorial system NEW YORK, Oct. 13, 2017 /PRNewswire/ — Seventy percent of respondents to a 36th Annual Ernst & Young LLP (EY) International Tax Conference poll indicated that they believe tax reform is likely to occur within the next six months and 63% are taking action to manage…

  • Canada Overseas Retirement Plan and Hong Kong Pension Law

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    Aaron
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    A specific type of Hong Kong pension law framework, when structured compliantly, can produce a cross-border financial structure that is government regulated, registered and recognized to reduce the cost of tax for cross-border investment into and out of Canada. A Hong Kong ORSO is after tax contribution with the idea that withdrawals after age 55…

  • A Future for Offshore Financial Services?

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    Aaron
    in

    Globalization has been a one-way street of impositions by powerful countries; fiscal sovereignty has been violated by the strong; and tax competition remains under threat from the mighty. Indeed, if the current pattern of incursions, restrictions and false labelling of Caribbean jurisdictions as ‘tax havens’, and the Caribbean as a region of ‘high risk’, is…

  • Your Foreign Company and Tax

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    Aaron
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    Word is that Morgan Stanley in NYC has reduced their Wealth Manager staff by 15% because a) Annual filing of data to automatic report in compliance to the OECD Common Reporting Standard is a minimum cost annually of $600.00 per account and they have 2.5 Trillion under management, so you can just imagine the reporting costs;…