Beneficial owners - Newspaper
Global cooperation is needed to nab tax evaders...
Source: dawn.com
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What should taxpayers do if DSTs are here to stay
The OECD hopes it can end the rise of the digital services tax (DST) through a multilateral agreement. However, taxpayers fear DSTs may be here to stay. Giles Parsons looks at what companies can do.
Source: internationaltaxreview.com
Luxembourg Signs New Double Tax Treaty With the UK
On 7 June 2022, Luxembourg and the UK signed a new double tax treaty (the “DTT”) and an additional Protocol which will replace the double tax treaty signed back in 1967 (the “old tax treaty”). The aim of the signature of that new DTT is for the UK and Luxembourg to have a tax treaty that reflect the latest OECD tax standards.
Source: alvarezandmarsal.com
OECD Releases Public Consultation Documents On Tax Certainty Aspects Of Amount A: Comments Due June 10, 2022 - Tax Authorities
On May 27, 2022, the OECD released two public consultation documents related to the tax certainty aspects of Amount A.
Source: mondaq.com
A slippery slope
The government is reportedly introducing a new tax amnesty scheme to boost revenues and augment the supply of dollars. According to media reports, the forthcoming FY23 Finance Bill will allow Bangladeshis with undisclosed immovable assets outside the country to make their money legal conditional on paying a 15% tax.
Source: tbsnews.net