Russia’s government plans to ban government and municipal contracts for offshore-registered companies, Prime Minister Dmitry Medvedev said at the cabinet meeting on December 25.


On 18 Dec 2014 the Parliament of Luxembourg has informed the European Commission on its commitment to give information on tax transactions made with international corporations as well as on current tax rules and benefits.


Changes to Switzerland's value-added tax rules will come into effect from January 1, 2015, through changes to the Value-Added Tax Ordinance.


On 16 Dec 2014 European Parliament and European Council agreed on the fourth anti-money laundering directive due to which EU member states will be obliged to maintain central registers listing information on the ultimate beneficial owners of corporate and other legal entities, as well as trusts.


On 12 December 2014 deputies of the RF State Duma adopted in the third reading the draft federal law #552755-6 “On Amendments to Certain Legislative Acts of the Russian Federation on combating corruption.”


On 4 December 2014 the British Virgin Islands Financial Services Commission announced that it can now issue electronic certificates of Good Standing.



Russia’s President Vladimir Putin in his annual address to the Federal Assembly has proposed a one-off exemption from tax and criminal liability for Russian individuals and businesses provided they return to the country the capital previously moved out in foreign jurisdictions without payment of applicable withholding taxes in the RF.


Deputies of the State Duma approved in the third reading the federal law #316841-6 «On introduction of changes into certain legislative acts of the Russian Federation."


29 October 2014 the new standard on automatic exchange of information represented by the Organization for economic cooperation and development (OECD) in 2013 was endorsed by 51 jurisdictions in the annual meeting of the Global Forum of Transparency and Exchange of Information for Tax Purposes in Berlin.



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