US: U.S. new proposal for global corporate tax level a step to a deal at G20 -EU

EU Tax Commissioner Gentiloni and Commission Vice President Dombrovskis speak on business taxation in the EU, in Brussels.

The latest U.S. proposal for a global corporate minimum tax of at least 15%, rather Than 21% as suggested before, is a step towards reaching a deal at the G20 financial leaders level, European Economics Commissioner Paolo Gentiloni said.

“It would be a step further on the way to reach an agreement,” Gentiloni told a news conference after a meeting of euro zone finance ministers in Lisbon.

“And I deem it quite possible to reach … an agreement in principle at the G20 Level. Then this agreement in principle should be translated into details and a lot of work to be done at the OECD level. So my view is a positive one,” he said.

17 May 2024

AFRICA: IMF urges Nigeria to regulate digital asset exchanges

The International Monetary Fund (IMF) recommended that Nigeria impose registration or licensing requirements on global digital asset trading platforms, in a report published May 9. The advice follows

Read More
5 June 2024

JERSEY: Tax regulations could tighten for American companies in Jersey

Jersey could tighten the rules on how it governs American companies based in the island for tax. The treasury said the regulations needed to match the Common Reporting Standard (CRS) – the global

Read More
12 March 2024

UK: HMRC launches new crackdown on tax avoidance

The government is seeking to clampdown on dodgy tax agents with plans to strengthen the regulatory framework and even create an independent regulator. The objective is to drive out those who offer their

Read More
14 May 2024

Jersey Finance Showcases Industry Expertise in New Series of Events in South East Asia

Press Release from Jersey Finance, Monday 13 May, 2024. Jersey Finance continues to build on its presence in South East Asia hosting a series of events last month to further build Jersey’s profile

Read More