Search results for

Tax administrations around the world are making decisions on the tax treatment of Bitcoin The Swiss Federal Tax Administration has confirmed that VAT does not apply to Bitcoin in Switzerland, adding further credence to the cryptocurrency. The exemption is good news for any business which uses or trades in Bitcoin, including the world's first Bitcoin bank, which will launch soon in the central European country, enabling them to carry out their business in the knowledge they are not breaking the law.

The OECD, and the Global Forum on Tax Transparency and Exchange of Information, which it organises, have moved to assert their preeminence as the international bodies that discuss and decide on transparency and exchange of information standards. The OECD's Pascal Saint-Amans and Monica Bhatia have described as "very unfortunate" the publication by the EU Commission of a list of the top 30 non-cooperative jurisdictions blacklisted by EU member states.

Summer in the northern hemisphere brings many berry varieties into season, and in Maine in the US the months of May to August mean it's time to enjoy wild blueberries. The state produces more blueberries than any other; in fact Maine produces 99% of wild blueberries in the US.

Half a year after the initial version of the ‘deoffshorisation’ law came into effect, the Russian Finance Ministry is making progress with vital amendments to make the rules more balanced and clear, including the much-awaited rules on ‘good’ and ‘bad’ trusts. Artem Toropov of Goltsblat BLP explains how private clients are expected to benefit from this.

Mario Ortega Calle

Oregon has already begun trialling the new system Oregon is choosing the road less travelled by becoming the first state to look at taxing automobile drivers by the mile. The experimental programme, dubbed OReGO, is being trialled as a substitute for the gasoline tax. The state has called for 5,000 volunteers to test the system, which requires the installation of an in-car device to record distances travelled. Under OReGO, drivers pay 1.5 cents per mile driven, rather than paying tax on the fuel they buy. Participants in the scheme will be issued with tax credits to offset the charge incurred when buying fuel.

"When I met my wife 30 years ago, she says that I used to complain that nobody talked about international tax issues. Now, she says I complain that everybody is talking about international taxation."

India and the US have signed an intergovernmental agreement (IGA) to implement the Foreign Account Tax Compliance Act (FATCA), which was passed by the US in 2010.

See who has done the tax work on this month’s biggest deals

The Indian Income Tax Department (ITD) has decided to pursue a Rs 20,495 crore ($3.2 billion) tax case against Cairn India, jeopardising the company's proposed reverse merger with parent company Vedanta, the Central Board of Direct Taxes (CBDT) has confirmed.