- French government is warned that tax investigators cannot use stolen bank documents
- Autumn Statement slashes private residence relief final period exemption
- Mexico - SAT must name public organizations that have been exempted from income tax
French government is warned that tax investigators cannot use stolen bank documents
France's Constitutional Council has overruled a new law intended to allow the tax authorities to launch prosecutions based on evidence obtained through illegal channels, such as stolen bank account information.Read more
The measure was part of a Bill approved by the National Assembly in early November. It included 58 separate provisions, mostly aimed at residents who have concealed assets abroad like France's former Budget Minister Jerome Cahuzac.
Autumn Statement slashes private residence relief final period exemption
Today's Autumn Statement contains the surprise announcement that the final period exemption for private residence relief from capital gains tax (CGT) is to be cut from three years to 18 months.Read more
The change is being made, says the Treasury, to 'reduce the incentive for those with multiple homes to exploit the rules'. The relief is a valuable one for second home owners.
Mexico - SAT must name public organizations that have been exempted from income tax
The Tax Administration Service (SAT) – the body in charge of enforcing fiscal regulations in Mexico – must now reveal the identities of all federal agencies, political delegations, municipalities and decentralised or autonomous organizations that have been given income tax exemptions.Read more
The Institute of Access to Information and Data Protection (IFAI) has required the SAT to publish the relevant information.
Offshore service provider or criminal conspirator?
John Harper revisits the Dimsey case and appeal of 2001, and considers its implications today.Read more >
Dr Jean-Philippe Chetcuti reports on Malta’s first Family Business Act.Read more >
Rose Phelps advises solicitors to take a central role in planning clients’ life insurance and coordinating the professionals involved.Read more >