Orlando Smith, the new Premier Minister and Minister for Finance of the British Virgin Islands, announced that the government intends to develop innovative new offers in order to strengthen its position as a leading offshore financial center that meets international standards.


The European Council of Economic and Financial Affairs (Ecofin) authorized with a qualified majority EU member states to proceed with plans for a financial transactions tax introduction.


Last week the US Treasury Department and the Internal Revenue Service issued comprehensive final regulations implementing the information reporting and withholding tax provisions for foreign financial institutions under the Foreign Account Tax Compliance Act (FATCA)


According to a new sturdy performed by Grant Thornton, Singapore, Finland, Sweden, Israel and Austria are the most dynamic economies in the world


Bulgaria's Ministry of Finance has proposed to amend legislation for giving the country's tax authority the investigatory powers such as the power to conduct interrogations and surveillance and to make searches and seizures in "urgent" cases


Wegelin, the oldest bank in Switzerland is to close permanently after it pled guilty in helping American taxpayers to evade their taxes


From January 01, 2013 the Ukrainian corporate income tax rate is reduced from 21% to 19%. Some experts believe it will attract more investments to the country


Liechtenstein’s Prime Minister Klaus Tschütscher will hold talks with key officials from the Austrian chancellery and the finance ministry regarding a bilateral tax agreement between two countries


According to Singapore’s Trade and Industry Minister, the country’s government takes measures to stimulate more economic activities and to keep its tax regime competitive


Hong Kong kept its position as the world’s freest economy for the 19th consecutive year, according to the 2013 Index of Economic Freedom

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