Sir Ronald Sanders, Antigua and Barbuda’s High Commissioner to the United Kingdom, has released a Paper providing a Caribbean perspective on the OECD’s Harmful Tax Competition Initiative. Entitled *”The Fight … Read More
International Issues
Bank Deposit Interest Reporting: US Bankers Also Concerned About IRS Regulation
The American Bankers Association (ABA) reportedly is concerned over the proposed Internal Revenue Service regulation that requires reporting of bank deposit interest paid to nonresident aliens, and has asked the … Read More
USA Patriot Act – First Sanctions Authorised Under Section 311
The U.S. Treasury Department have designated the Ukraine and Nauru as “primary money laundering concerns”, under Section 311 of the *USA Patriot Act*. The jurisdictions were described as not taking … Read More
United States Tax Policy: Out Of Step With Global Economy?
*”We have a tax code that has not kept pace with the globalisation that has transpired over the last 40 years. It is time for us to reconsider the rules … Read More
EU Savings Tax Directive: Deadline for Decision Making Delayed
Reports indicate that the EU’s year-long gridlock over the controversial savings tax directive will continue into the New Year. EU Economics and Finance Ministers had set a deadline of the … Read More
Global Financial Stability – IMF Report Released
Today the International Monetary Fund announced the release of the fourth issue of its *Global Financial Stability Report*, a quarterly publication launched in March 2002. The report, prepared by the … Read More
EU Savings Tax Directive
The end of this month represents the deadline self-imposed by the European Union for agreement on its Savings Tax Directive, which aims at introducing common rules for the taxation of … Read More
US Introduces Terrorism Risk Insurance Act
US President Bush today signed into law the Terrorism Risk Insurance Act of 2002. An announcement from the US Treasury said that since the terrorist attacks of September 11, 2001, … Read More
IMF Anti-Money Laundering Pilot Project
The International Monetary Fund (IMF) announced today that its Executive Board has approved a 12-month pilot project that *”significantly advances the IMF’s contribution to AML/CFT, the international efforts to combat … Read More
Client Confidentiality Defended – UK & US Lawyers Take A Stand
The Legal Media Group reports that the legal profession is seeking to defend client confidentiality as plans proceed for implementation of the Sarbanes-Oxley Act, scheduled to take place by the … Read More