Anti-Evasion

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American Samoa, Bahrain, Barbados, Grenada, Guam, South Korea, Macau, Marshall Islands, Mongolia, Namibia, Palau, Panama, St Lucia, Samoa, Trinidad & Tobago, Tunisia and United Arab Emirates were named as “non-compliant jurisdictions” in the first EU blacklist of tax havens.

Companies need to invest in upgrading their tax technology as authorities globally are focusing on enforcing compliance and expanding tax base, consultancy firm PwC said in a report.

A new Canadian documentary warns that the practices multinationals use to avoid billions in taxes worldwide threaten the foundations of democracy, and its makers hope its release here on Friday sparks a public debate over offshore tax havens similar to those already raging in austerity-weary Europe.

Companies where women are CFOs are less likely to adopt risky tax strategies than companies managed by male CFOs, according to a new academic study.

After a statement from the Jersey Government that it does not wish to host promoters of abusive tax avoidance schemes to UK participants, Jersey promoters will be required, from October 1, 2014, to inform the Financial Services Commission of any schemes falling under the ambit of the UK’s Disclosure of Tax Avoidance Scheme (DOTAS) regime.

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