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European Union Adopts Black List of 17 jurisdictions

On 5 December 2017, European Union (EU) finance ministers adopted a list of “non-cooperative jurisdictions for tax purposes” also known as  ‘The Black List’. The list is part of the EU's work to counter worldwide tax evasion and avoidance. According to the EU, it will...

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Proposal For UBO Register Adopted By Parliament

On 20 May 2015, the European Parliament adopted the Fourth Money Laundering Directive. This directive obligates EU member states to adopt a UBO-register of corporate and legal entities. Such register should include at least the name, the month and year of birth, the...

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Amendments To The Parent Subsidiary Directive Adopted

The EU-Council of Economic and Finance Ministers have adopted the amendments to the Parent Subsidiary Directive, challenging hybrid financial instruments which have the characteristics of both debt and equity. A payment on hybrid financial instruments could be...

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OECD Publishes Various Discussion Drafts

In between 16 and 19 December the OECD published the following public discussion drafts on specific issues under these action plans: Action 4:              Limitations on interest deductions Action 8-10:        Transfer pricing for risk re-characterization and special...

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