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The EU Commission’s tax policy shift

On March 7, 2018, European Union Tax Commissioner Pierre Moscovici remarked, that the EU Commission – the governing body of the European Union –...
A joint OECD/World Bank report urges a “whole-of-government” approach to combat tax evasion.

OECD Watch

A regional meeting for the Inclusive Framework on BEPS was held Nov. 7-9, 2018, in Yerevan, Armenia. Over 60 delegates from 16 countries attended,...
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Canada: Economic trouble is brewing

Doug Porter, chief economist at BMO Financial Group weighed in on Canada’s investment woes. “The bottom line is there really is a need for...

Three lessons in international taxation

It was “one of these days” at the office. I was writing a transfer pricing memo for defending one of my clients against a...
A back-lit sign with the OECD logo on it.

OECD’s tax initiatives thwart US policy goals

International tax bureaucrats at the Organization of Economic Cooperation and Development (OECD) and elsewhere have waged a decades-long campaign to promote a one-size-fits-all approach...
Dubai

A review of the world’s offshore financial centers: Dubai (United Arab Emirates)

In this first article in a series about the world’s premier offshore financial centers we look at the city and emirate of Dubai in...

Will U.S. tax reform kick off another round of beneficial tax competition?

When Ronald Reagan and Margaret Thatcher slashed top personal income tax rates in the 1980s for the U.S. and the U.K., other nations were...

CCCTB and the European Union’s three-pronged tax grab

The European Union is working on its latest attempts to squeeze more money out of multinational businesses for its bankrupt governments. The Common Consolidated Corporate...

The not so large tax gap

The world faces one of those unfathomable mysteries. Any number of charities, campaign fronts and political groupuscules adamantly insist that corporations and the rich...

On the question of morality in the debate on international taxation

In his article “International Tax Planning, Ethics and our New World” (Bulletin for International Taxation, 2018 (Volume 72), No. 2), Hans van den Hurk...

Swedish exit tax edges closer to reality

As I explained in the first quarter issue of the Cayman Financial Review, the Swedish government is considering a new tax on the outbound...

Economic impact of US tax reform

On Dec. 22, 2017, the president signed into law major tax reform legislation. This legislation had been known as the Tax Cuts and Jobs...

Capital taxation and employee compensation

Measures of gross domestic product and employment tell us how the economy is doing in producing goods and services and creating jobs. Measures of...
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OECD issues BEPS guidance

Additional guidance has continued to roll out from the Inclusive Framework on Base Erosion and Profit Shifting (BEPS). Guidance on the implementation of Country-by-Country...

Corporate taxation in Europe – feeding Leviathan

Since the Treaty of Rome, the scope and intensity of EU policymaking has steadily increased. The shift of power is unidirectional and exhibits two...

Will proposed tax changes make the Netherlands a less attractive tax haven?

On Oct. 17, 2017 our article for the Cayman Financial Review on the use of the Netherlands as a tax haven was published. Among...

EU blacklist: The real story is demographic decline and a panicked search for revenue

It used to be that a country would be blacklisted by the international community for genocide, aggressive warfare and other atrocities. No more. The European...

Taxation in the global economy: Balancing competitiveness and solvency

It seems the Administration is using economic growth like magic beans – the cheap solution to all our problems. But there is no golden...

Entrepreneurial transfer pricing – embracing the arm’s length principle

By publicizing exaggerated tax gap estimates and demonizing tax avoidance schemes based on allegedly abusive transfer pricing schemes, governments and advocates of big-government are...

OECD Watch

The Organisation for Economic Cooperation and Development (OECD) has gradually carved for itself a central role in global tax matters over the last two...