Algirdas Semeta, the European Union Tax Commissioner, has openly criticized Switzerland for its tax laws which favor foreign companies. Mr. Semeta warned that the country could be placed on a “black list” of jurisdictions if changes are not made.
A recent report by WealthInsight showed analysis of the nature and size of the UK’s non-dom population. A non-dom is defined as a non UK domiciled individual.
In a move to change its reputation as a Tax Evasion destination, the Cayman Islands are set to introduce reforms which will disclose the names of previously hidden companies and their directors.
Arlington Corporate and Trust Services Limited has been awarded the ISO 9001, an international standard for quality, by QMS, a global organisation specialising in ISO assessment and certification, and is now fully accredited for its products and services around the world, in addition to its existing in-market certifications.
An Order published in Russia’s Official Gazette states that Cyprus will be officially removed from the blacklist of non-cooperative tax havens as of January 1, 2013, coinciding with the official commencement of the Protocol of Double Tax Treaty (DTT)between the two nations.