Anguilla and Barbados Added to the EU “blacklist”

On 6 October, 2020 the EU Council has issued a press release dedicated to the regular update of EU list of non-cooperative jurisdictions for tax purposes. This time Anguilla and Barbados have been listed, Cayman Islands and Oman have been de-listed.

OECD: 18 Jurisdictions Dismantled Harmful Tax Regimes

The OECD Forum on Harmful Tax Practices (FHTP) has published the peer review results on countries’ progress in implementation of the BEPS Action 5 Minimum Standard (“Countering harmful tax practices more effectively, taking into account transparency and substance”).

Switzerland Strengthens Financial Transparency Measures

On 11 November the Federal Council announced the entry into force of an amendment to the Ordinance on the International Automatic Exchange of Information in Tax Matters from 1 January 2021. The amendments follow the recommendations of the Global Forum on transparency and exchange of information for tax purposes.

Estonia: Changes Related to the Transfer of Shares of Private Limited Companies

A number of changes related to the transfer of shares of private limited companies entered into force in May and August this year. The main purpose of the changes was to simplify the transfer of shares and to make it foremost easier for foreigners to invest in Estonian start-up companies. Other companies can also take advantage of new opportunities, but there are also risks involved.

Banks VS Payment Platforms: Guide to the right choice

“Dear Sir, your account falls out of the bank’s risk appetite. We are kindly informing you that the account will be closed within two weeks. Please provide alternative bank details in order to transfer the remaining funds”.