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  • The phrase ‘Paradise Papers’ evokes images of tropical offshore islands with palm trees and a P.O. address for multinationals and high-net-worth individuals. The list of celebrities involved in one way or another is almost endless. Shakira, Madonna, Keira Knightly, the Queen, Prince Charles, the estate of the late Michael Hutchens, Justin Timberlake, and Amitabh Bachchan. We picture Lewis Hamilton in a private jet.
  • The EU has released its first ever blacklist of 17 tax havens, including South Korea, United Arab Emirates and Panama, as well as a grey list of 47 other jurisdictions, but has received criticism for going easy on notorious tax havens.
  • The EU Council has listed 17 jurisdictions as non-cooperative for tax purposes in its latest blacklist, and also released a grey list of 47 countries, but, it has played it safe by excluding known tax havens.
  • Andersen Global has established its fifth location in Africa by expanding its brand into Tanzania through a collaboration agreement with East African Law Chambers, a leading legal and tax firm in Tanzania.
  • The European Commission (EC) has proposed new tools to help its member states combat VAT fraud through greater information sharing.
  • Independent law firm Flick Gocke Schaumburg is opening an office in Düsseldorf in early 2018, drawing on a team of tax and transfer pricing experts from its Bonn office.
  • The United Arab Emirates and Saudi Arabia have published their final VAT laws, but questions remain over just how ready the GCC and its taxpayers are for VAT with only a month to go.
  • Italy is hoping its proposed digital sales tax will send a message to the EU and accelerate the process of finding consensus on digital economy taxation. However, the proposal interferes with the EU’s plans and could create double taxation scenarios.
  • The European Union is about to release a blacklist of uncooperative tax jurisdictions as part of the international effort to crackdown on tax avoidance. The blacklist has sparked speculation over which countries are most under threat.
  • Ashurst has made Jeffrey Koppele and Sharon Kim partners at the US tax practice. This expands the New York tax practice to 21 lawyers, including five partners.