OECD: Public Consultation on Tax Transparency Framework for Crypto-Assets

March 23, 2022

On 22 March 2022 the OECD published a consultation document in relation to a global tax transparency framework for reporting crypto-assets and proposed changes to the common reporting framework for automatic exchange of financial account

See More

India: Insolvency and Bankruptcy Code – Miles travelled but miles to go!

December 29, 2020

By Suraj Nangia, Partner and Sandeep Jhunjhunwala, Partner, Nangia Andersen LLP In an attempt to overhaul the insolvency and bankruptcy regime, India had enacted the Insolvency and Bankruptcy Code 2016 (Code) on May 28, 2016. Introduction of

See More

Kazakhstan: New Tax Code submits to Parliament

October 09, 2017

The First Vice-Minister of National Economy, Ruslan Dalenov, submitted the draft of the new tax code to the finance and budget committee of the lower house of the Kazakh parliament (the Mazhilis) on September 21, 2017 for consideration. It was

See More

OECD: Addressing BEPS involving interest in the banking and insurance sectors

August 01, 2016

On 28 July 2016 the OECD issued a discussion draft outlining approaches to combating base erosion and profit shifting (BEPS) involving interest in the banking and insurance sectors. This is part of further work following the final report on BEPS

See More

UK: Annual report on code of practice for banks

December 30, 2015

The Code of Practice on Taxation for Banks was published in December 2009. This voluntary Code of Practice was a non-statutory statement of principles on bank governance, openness and attitudes to tax planning. The larger financial institutions are

See More

Hong Kong: Government Renews Anti-Money Laundering Guidelines

January 26, 2015

Hong Kong has gazetted an anti-money laundering amendment notice that will allow its financial institutions to continue to delegate customer due diligence (CDD) functions. The Anti-Money Laundering and Counter-Terrorist Financing (Financial

See More