“Commercial Awareness Is Global.”
Given the state of the global economy and the fiscal constraints many governments find themselves one would reasonably think that all is being done to locate, account and tax these monies? With a conservative $21 trillion out there, the results so far speak for themselves.
By: Ainsley Brown Jamaica is set to hire global legal giant Baker & MacKenzie (Baker) as its consultant on its new International Financial Centre (IFC). The deal, the details of which are still immerging, is subject to Cabinet approval and would see Baker advising the Jamaican government on the best ways to implement the IFC in this current economic climate.
By: Ainsley Brown It has been reported in the Times that ¨up to 5, 000 British investors have an estimated £3 billion stashed away in secret accounts in Liechtenstein. It is a good thing then, well good from the perspective of HM Revenue & Customs (HMRC), that Liechtenstein and the UK Government have reached an agreement on the sharing of
By: Ainsley Brown There are no more countries left on the Organization of Economic Cooperation and Development’s (OECD) Tax haven black list. Does this mean that the black list is no more? No, not exactly. The OECD has removed Andorra, Liechtenstein and Monaco from its black list of non-compliant tax havens. The three countries were the last remaining on the
By: Ainsley Brown The between tax evasion and legitimate tax planning is a fine one indeed. This line is now set to get even thinner. How? Before I get into the specifics of this a little background is in order. The issues of cross-border taxation are as old as commerce itself, as are the issues of tax evasion and tax
By Charles Wanguhu In early 90’s Nike suffered a huge backlash from the revelations of child labour in use in its factories abroad there was a drive to ensure that clothing was environmentally sound. In early 2000 a push for carbon footprint labelling ensured that the consumer was conscious of the effect of their consumption habits on the climate. In