IOM: Common Reporting Standard (CRS) Draft Guidance Notes Published

The guidance notes do not cover all the obligations of Isle of Man businesses under the CRS but outline the options taken by the Isle of Man Government in their implementation of the CRS where choices were allowed within the CRS and the penalties that wi


When a tax return isn’t really a tax return

A recent report from the tax tribunal has revealed that every year some 350,000 returns are submitted by individuals on a purely voluntary basis – largely by PAYE taxpayers who want to obtain a tax refund. However a recent tribunal decision has deci


Poorer countries handed role in tax evasion fight

The move follows criticism from some governments and campaign groups that plans drawn up over the past three years to tackle tax avoidance did not go far enough to help poorer countries collect corporate tax.