The Pacific island of Vanuatu will be removed from the OECD’s blacklist of non-cooperative tax-havens after it committed itself to improve the ‘transparency of its tax and regulatory systems and to establishing effective exchange of information for tax matters with OECD countries by 31 December 2005’.
According to the OECD, Vanuatu is the first tax haven to be removed from the list, which was first published in April 2002.
Now the OECD is hoping the remaining six blacklisted tax havens, Andorra, Liechtenstein, Liberia, Monaco, The Marshall Islands and Nauru, will make similar commitments.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...