Combating tax evasion in times of crisis in Greece

Greece is the European country that has been most in the spotlight after the breakout of the financial crisis in 2008. It was the...

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...

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...

May, you live in interesting times

Theresa May’s gamble of calling an unnecessary early election failed. Instead of increasing her parliamentary majority, she saw it collapse. As I write this, her...

Innovation and patent boxes are unsound tax policy

Innovation boxes are not sound tax policy and are difficult to construct properly. Nevertheless, these schemes to offer preferential tax rates to certain types...

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...

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...

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...

PFS Cayman – the client-focused directorship model

See our Profiles in the CFR eversion CLIENT FOCUSED  Independent directors have taken some flak recently. Following the financial crisis and the Weavering judgment, questions...

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...

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...

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...

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...

TAX: Refund of EU taxes

Opportunities are available in a number of countries where a non-resident investment fund has been taxed at a rate higher than a resident fund.

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...

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...

BDO Cayman Islands celebrates 10 years in business

See our Profiles in the CFR eversion Since its establishment in the Cayman Islands in October 2002, the office of BDO Cayman has evolved in...

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,...