One of these regulations is the Foreign Account Tax Compliance Act (FATCA), effective 1 July 2014 latest. This is a new piece of legislation by the United States Department of Treasury and the US Internal Revenue Service (IRS) to counter tax evasion in the US. In Mauritius compliance to FA...
The 2012 tax treaty, DTA, between the two countries entered into force on March 10, 2015.The DTA applies in Egypt from January 1, 2015 and from July 1, 2015 in Mauritius. March 2015. U.S. Unemployment Rate The U.S. labor department reported on March 3, 2015 that the unemployment rat...
Additionally, for transparency and clarity, it is suggested that the Mauritius Revenue Authority (MRA) clarifies in a practice note the factors that it considers when determining the tax liability that should have been payable or when detecting tax avoidance cases. Similarly, to discourage tax ...
India and Mauritius have ended a fiscal agreement responsible for billions of dollars of investment passing through Mauritius each year. With the threat that other countries may want to do the same, the government is looking for new ways to promote growt
In Mauritius, the principles of FATCA have been brought into our local law. Subject to local legislation and regulations, HSBC may need to provide information on US accounts to the local tax authority, the Mauritius Revenue Authority. In order to establish your tax status, we need to obtain ...
is a haven for tax evaders. The U.S. allows nonresident foreign nationals to deposit their money in U.S. bank accounts without being required to pay taxes on interest or (in most cases) disclose it to the U.S. Internal Revenue Service (IRS).年份: 2009 ...
Indirect Taxation in Greece: Evaluation and Possible Reform The paper assesses the distributional and efficiency/disincentive aspects of the Greek indirect tax system, which provides 60% of total tax revenue. The ma... G Kaplanoglou,DM Newbery - 《International Tax & Public Finance》 被引量: 60...
Oct 03, 2024 News Direct Tax SC rules in Revenue’s favour in TOLA batch of re-assessment cases Oct 03, 2024First on Taxsutra HC: Final assessment order passed without passing draft assessment under Sec. 144C, held… First on Taxsutra HC: Delhi HC overturns AAR in Tiger Global-Fli...
Tax havens can lead to a significant loss of tax revenue. This shorts governments of funds for public services, infrastructure, and social programs. For example, in 2016, the European Commission ordered Apple to repay €13 billion in unpaid taxes to Ireland, as the company had taken advantage...
Yet its future is now in question, amid a global backlashagainst tax avoidance. Offshore hubs such as Mauritius facilitate investment but are also responsible for developing countries losing $100bn a year in revenue, according to the United Nations. ...