UAE to sign FATCA agreement soon
The US and UAE governments are in the process of signing the FATCA Intergovernmental Agreement. Under this agreement, banks…
Tax
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Jordan: Association of Banks' director elected as head of FACTA's applications team
Participants at the forum for Foreign Account Tax Compliance Act chose Director General of the Association of Banks in Jordan,…
Israel: Discount Bank clamps down on foreign customers
Sources inform ''Globes'' that Israel Discount Bank has begun demanding from foreign customers a declaration that the money in their…
Tax law to force US expats to seek new investments
The looming implementation of the Foreign Account Tax Compliance Act (FATCA), a law designed as a tool to counteract tax…
Leading luxury brand Under Investigation for Dodging Customs Taxes in Turkey
Less than a year after Prada and Dolce & Gabbana got themselves into hot water for tax evasion, Chanel is…
Tax biggest concern for European investors as market confidence grows
Rising taxes are one of the biggest concerns for investors in Europe according to a recent investor survey from Schroders,…
No plans for UAE income tax, minister confirms
The UAE’s Ministry of Finance has ruled out any plans to impose income taxes on individuals in the Gulf state,…
Triggered by the Netanyahu scandal? New 'revolutionary' bill leaves little option for tax evasion in Israel
A government bill has been submitted to the Knesset to amend the Income Tax Ordinance, adding a chapter on the…
World's largest professional body of management accountants celebrates impressive 2013 growth in the UAE
CIMA, the world's largest professional body of management accountants, enjoyed a substantial growth in the UAE where it saw more…
FATCA will drive the change in global tax compliance framework
Foreign Account Tax Compliance Act provisions, which are getting implemented this year are the new US rules designed to discourage…
New members at IFRS advisory council
Three new members have been appointed to the IFRS advisory council of the International Accounting Standards Board. The new…
Turkey doubles tax fines
The Turkish government imposed a record amount of tax penalties last year by more than doubling the collected tax fine…