Andrew Watt Managing Director Tax Disputes and Investigations Alvarez & Marsal Taxand UK LLP looks at HMRC's recent strategy on gathering information on offshore arrangements
In 2002 the OECD published a list of seven unco-operative tax havens. These were identified because of their failure to co-operate in the bilateral exchange of tax information and to meet international transparency standards. At the present time only three countries remain on that list: Andorra Monaco and Liechtenstein.
It has to be stressed that there is absolutely nothing inherently wrong in the use of a structure established in a tax haven. However events of the last few weeks have underlined the determination of OECD member countries to tackle the long-standing problem of their citizens using structures established in these most opaque jurisdictions...
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Andrew Watt Managing Director Tax Disputes and Investigations Alvarez & Marsal Taxand UK LLP looks at HMRC's recent strategy on gathering information on offshore arrangements
In 2002 the OECD published a list of seven unco-operative tax havens. These were identified because of their failure to co-operate in the bilateral exchange of tax information and to meet international transparency standards. At the present time only three countries remain on that list: Andorra Monaco and Liechtenstein.
It has to be stressed that there is absolutely nothing inherently wrong in the use of a structure established in a tax haven. However events of the last few weeks have underlined the determination of OECD member countries to tackle the long-standing problem of their citizens using structures established in these most opaque jurisdictions...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
