China SAT Putting Pedal To The Metal On Anti-Avoidance Campaign

During a short period of 30 days, China State Administration of Taxation (“SAT”) had released two notices regarding anti-avoidance measures, measures that would impact directly the daily operation of taxpayers. This frequency of codification is so rare as to stir public speculation on China’s determination to further step up its antiavoidance efforts.

On July 30, 2014, SAT released the Notice of Anti-Avoidance Examination on Outbound Payments of Significant Amount (Notice No. 146 [2014], hereinafter Notice […]

By |March 27th, 2015|

United States: Governor Baker Names Mark Nunnelly New Commissioner Of Revenue

Recently, Mark Nunnelly, a former Managing Director of Bain Capital, was named the new Commissioner of the Department of Revenue. Mr. Nunnelly replaces outgoing Commissioner Amy Pitter effective March 30, 2015. Mr. Nunnelly has also been named special advisor to Governor Baker for technology and innovation competitiveness. In this capacity he will work with Governor Baker to improve the Massachusetts’ business climate for creating and growing businesses.

Upon the announcement of his appointment, Mr. Nunnelly […]

By |March 27th, 2015|

Update: FATCA Notification And Reporting – Cayman Islands Government Launches FATCA Portal

In our alert ” FATCA Notification and Reporting – Are you ready?” we reported that Cayman Islands Financial Institutions (“Cayman Islands FIs”) must notify the Cayman Islands Tax Information Authority, Department for International Tax Cooperation (“TIA”) on or before 30 April 2015 and report on U.S. Reportable Accounts on or before 31 May 2015.
WHAT’S NEW?
Cayman Islands FIs should be aware of the following new information:
(i) the Cayman Automatic Exchange of Information Portal (AEOI Portal) […]

By |March 26th, 2015|