- First Swiss banks sign up for US non-prosecution deal
- Draft Finance Bill omits some key tax measures but clarifies others
- Canada - Supreme Court confirms two Quebec rectification cases
First Swiss banks sign up for US non-prosecution deal
Six Swiss banks have announced their participation in the USA's amnesty programme, under which they will avoid criminal prosecutions in return for supplying the US Department of Justice with client information, plus financial penalties.Read more
The USDoJ made the offer in June this year, backing it with the threat of bringing prosecutions against scores of banks for assisting US persons evade taxes.
Draft Finance Bill omits some key tax measures but clarifies others
The draft 2014 Finance Bill has been published along with explanatory text and consultation responses on some of the key measures announced in last week's Autumn Statement.Read more
The draft is incomplete in that some additional clauses will be added in a second version to be published in the New Year.
Canada - Supreme Court confirms two Quebec rectification cases
On November 28, the Supreme Court of Canada (SCC) confirmed the decisions of the Quebec Court of Appeal in two rectification cases: Agence du Revenu du Quebec v Services Environnementaux AES Inc. and Agence du Revenu du Quebec v Jean Riopel, permitting the parties to correct mistakes which resulted in unintended tax consequences.Read more
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 >