Brexit and Trump – a reboot for global tax policy?

What do the electoral shake-ups of 2016 mean for Cayman and other offshore centers? With Trump now inaugurated and in command of the White House,...

Effort to repeal FATCA gains steam

When the United States passed the Foreign Account Tax Compliance Act (FATCA) in 2010, it precipitated a shift in global tax enforcement. Enforcement efforts...

US tax reform, border adjustment taxes, and international trade law

With the Republicans now in control of the U.S. Congress and the White House, tax reform is high on the agenda. One of the...

The United Kingdom targets offshore tax evasion “enablers”

Offshore tax evasion has received substantial scrutiny in recent years. The United Kingdom’s 2016 Finance Act empowers U.K. regulators to sanction lawyers, accountants, and...

Are markets predictable enough for a border-adjusted tax to be revenue neutral?

The first shot of the modern “Showdown at Gucci Gulch” was fired on June 24, 2016. That’s the day Republicans in the U.S. House...

How tax gap estimates are abused to promote tax-grabbing agenda

In the context of Action Point 11 of the BEPS Project, the macroeconomic effects of BEPS were reviewed. In its final report on Action...

U.S. anti-inversion regulations badly miss target

According to the simple Civics 101 view of American government, laws are passed by the legislative branch, interpreted by the judicial branch, and enforced...

Ireland: The latest victim of the EU’s global taxation agenda

Apple, the iconic producer of iPhones and iPads, has been front and center of recent headlines resulting from the European Commission’s investigation of Ireland...

Membership of OECD forums

Over the years, the OECD, a 34 member intergovernmental network that includes the U.S., the U.K., Europe, Australia, Canada, Japan, South Korea,  has designed...

Cayman’s tax transparency regime as it currently stands: A practical guide

The Cayman Islands are at the forefront of the global move towards tax transparency and cooperation in international tax matters. Since 2001, the Cayman...

What is tax avoidance?

There seems to be a fair amount of confusion in the public discourse between the idea of tax avoidance and that of tax evasion....

Now that it is clear the U.S. will not ‘reciprocate’ on FATCA, will ‘partner’...

As I have warned for several years now, “partner” governments signing legally defective Foreign Account Tax Compliance Act (FATCA) intergovernmental agreements under promises from...

What the taxman sees

That turmoil will be occurring in a world where there is already significant upheaval on the horizon from the OECD’s Base Erosion and Profit...

The two behind-the-scenes fights over America’s status as a tax haven

Two very important international tax battles are taking place in Washington, largely behind closed doors. The lack of attention is surprising since the outcome...

Mistreated? Tax treaties and ActionAid

ActionAid, a NGO that works on development issues, has just issued Mistreated, a report condemning tax treaties’ impact on developing countries’ tax collection efforts....

The fight of the EU against tax avoidance – beyond BEPS

With the European Parliament showcasing its commitment to combat tax havens as well as tax avoidance and the European Commission pursuing state aid infringement...

Fiscal lessons: Ten years without the Swedish inheritance tax

Sweden might not have much to teach other countries about tax policy. The tax-to-GDP-ratio of 42.8 percent (2013) exceeds the OECD average by nearly...

How the OECD is promoting more identity theft, crime, industrial espionage and suppression of...

Tax treaties are usually positive or benign. The protocol amending the multilateral Convention on Mutual Administrative Assistance in Tax Matters, currently being considered for...

Grey matters

We start with three intriguing papers that focus on the future of offshore financial centers, two quite critical of the role of OFCs but...

Puerto Rico – a quick guide to America’s own tax haven

When nations go broke, they’re forced to reengineer their thinking.Smarter governments realize that raising taxes doesn’t actually mean raising revenue. Instead it just scares...