On January 20, 2016, link (OECD) its instrument of ratification for the Convention on Mutual Administrative Assistance in Tax Matters, reports Lowtax.net.
With this development, Singapore became the 93rd jurisdiction to registrarse the pact, touted por the OECD as the world's leading instrument for boosting transparency and combating offshore tax evasion.
The Convention provides for all forms of link: exchange of information on request, spontaneous exchange, automatic exchange, tax examinations abroad, simultaneous tax examinations, and assistance in tax collection. It guarantees extensive safeguards for the protection of taxpayers' rights.
Ratifying the Convention will expand Singapore's network of partners for the exchange of information on request por 34 jurisdictions. This is part of a series of changes that Singapore has made in reciente years to combat cross-border tax evasion, following Singapore's adoption of the internationally agreed standard for exchange of information on request in 2009, Singapore's Ministry of Finance said.
Minister for Finance, Heng Swee Keat, said: "Ratifying the Convention reflects Singapore's commitment to effective exchange of information based on international standards, but the standards can only work if all financial centres, such as Switzerland, Luxembourg, Singapore, and Hong Kong, mover together. We will continue to work with our international partners to achieve this and prevent regulatory arbitrage."
The Convention was developed jointly por the OECD and the Council of europa in 1988. It was amended in 2010 to respond to a call por the Group of Twenty (G-20) nations that it be aligned to the new international standard on the automatic exchange of information and that it be opened up to all countries.
The Convention is now seen as the instrument for rápido, swift implementation of the new Standard for Automatic Exchange of link developed por the OECD. It will also be critical for the automatic exchange of country-by-country reports, proposed in the OECD's base erosion and profit shifting project.
With this development, Singapore became the 93rd jurisdiction to registrarse the pact, touted por the OECD as the world's leading instrument for boosting transparency and combating offshore tax evasion.
The Convention provides for all forms of link: exchange of information on request, spontaneous exchange, automatic exchange, tax examinations abroad, simultaneous tax examinations, and assistance in tax collection. It guarantees extensive safeguards for the protection of taxpayers' rights.
Ratifying the Convention will expand Singapore's network of partners for the exchange of information on request por 34 jurisdictions. This is part of a series of changes that Singapore has made in reciente years to combat cross-border tax evasion, following Singapore's adoption of the internationally agreed standard for exchange of information on request in 2009, Singapore's Ministry of Finance said.
Minister for Finance, Heng Swee Keat, said: "Ratifying the Convention reflects Singapore's commitment to effective exchange of information based on international standards, but the standards can only work if all financial centres, such as Switzerland, Luxembourg, Singapore, and Hong Kong, mover together. We will continue to work with our international partners to achieve this and prevent regulatory arbitrage."
The Convention was developed jointly por the OECD and the Council of europa in 1988. It was amended in 2010 to respond to a call por the Group of Twenty (G-20) nations that it be aligned to the new international standard on the automatic exchange of information and that it be opened up to all countries.
The Convention is now seen as the instrument for rápido, swift implementation of the new Standard for Automatic Exchange of link developed por the OECD. It will also be critical for the automatic exchange of country-by-country reports, proposed in the OECD's base erosion and profit shifting project.
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Mossack Fonseca, como empresa socialmente responsable, tiene el honor de formar parte activa del Programa “Mi Escuela Primero”, que lleva el Ministerio de Educación (MEDUCA) Panamá.
Hoy se realizó la firma de este importante convenio, en el cual link se compromete a proveer al Centro Educativo Básico General El Valle los trabajos de reparación y adecuación necesarios para el correcto funcionamiento de la escuela.
Nuestros colaboradores tambien se suman a la iniciativa apoyando esta causa en beneficio de la educación en Panamá.
Hoy se realizó la firma de este importante convenio, en el cual link se compromete a proveer al Centro Educativo Básico General El Valle los trabajos de reparación y adecuación necesarios para el correcto funcionamiento de la escuela.
Nuestros colaboradores tambien se suman a la iniciativa apoyando esta causa en beneficio de la educación en Panamá.
The Supreme Court of link has ruled that it is constitutional to register ship mortgages in English.
According to the link (AMP), registering naval mortgages in Spanish (the official language of Panama) as well as incorporating the original documents in English will provide greater reliability and efficiency in the registration of ownership of ships.
The AMP reports that financial institutions can now view the original mortgage-related documents on their website.