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(February 25, 2015)
On February 25, 2015 the UK HM Revenue & Customs issued a news story in which it is stated that the French authorities have formally agreed that HMRC can share stolen HSBC Suisse customer account data with other law enforcement agencies and regulators, for the purposes of pursuing criminal offences. Below we have included the full text of the news article as published on the website GOV.UK.
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(February 25, 2015)
On February 25, 2015 the Inland Revenue Department of Hong Kong published a high-level summary of the tax measures as proposed by the Financial Secretary in his 2015-2016 Budget.
The tax measures as proposed by the Hong Kong Financial Secretary include:
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Reducing profits tax, salaries tax and tax under personal assessment for the year of assessment 2014/15;
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Increasing child allowances;
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Providing tax concessions to corporate treasury centres;
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Profits tax exemption for private equity funds.
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(February 25, 2015)
On February 25, 2015 the Department of National Treasury of South Africa released the 2015 National Budget. The documents can be found at a webpage dedicated to the 2015 National Budget.
Read more: Department of National Treasury of South Africa publishes 2015 National Budget
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In today’s edition a.o.: Liechtenstein - Selbstanzeige 2014 – Steuereinnahmen von über CHF 40 Mio.; UK – Foreign Account Tax Compliance Act registration guidance (an update); Jersey - Letter from Chief Minister to Ed Miliband MP
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(February 24, 2015)
On February 24, 2015 the European Court of Justice (CJEU) ruled in Case C-559/13; Finanzamt Dortmund-Unna versus Josef Grünewald (ECLI:EU:C:2015:109).
Does Article 63 of the Treaty on the Functioning of the European Union (TFEU) preclude legislation of a Member State under which private support payments by non-resident taxable persons which are connected with a transfer of revenue-producing domestic assets in the course of an “anticipated succession” are not tax deductible, whereas such payments are deductible in the case of full liability to taxation, but the deduction results in a corresponding tax liability for a (fully taxable) recipient of the payments?
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