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Picardo’s defends Rock’s commitment to transparency

The United Kingdom needs to look at its own tax rules to ensure fairness, Chief Minister Fabian Picardo said this weekend as he defended Gibraltar commitment to transparency.

Mr Picardo made the comment during an interview with Dermot Murnaghan on Sky News on Sunday morning in the wake of the Panama Papers scandal and comparisons with Gibraltar.

Read More - Gibraltar Chronicle

Gibraltar ‘walks tall’ at anti-corruption summit

Prime Minister David Cameron yesterday used an anti-corruption summit to defend the progress made by Britain’s Overseas Territories toward improving tax transparency.

He made the statement as he hailed the event as “the biggest demonstration of the political will to address corruption that we have seen for many, many years”.

Read More - Gibraltar Chronicle

Overseas territories spared from UK law on company registers

Crown dependencies and territories will not have to create registry of ownership that is open to public, minister says.

Britain will not make fresh demands of its overseas territories to end tax secrecy at an upcoming anti-corruption summit, the minister for the territories has confirmed. James Duddridge praised the leadership of the territories on tax transparency on Tuesday, saying they had taken a big step by agreeing to set up central registers of beneficial ownership that would be open to law enforcement agencies.

http://www.theguardian.com/business/2016/apr/12/overseas-territories-spared-from-uk-law-on-company-registers 

Anti Tax Avoidance Package

The Anti Tax Avoidance Package is part of the Commission's ambitious agenda for fairer, simpler and more effective corporate taxation in the EU. The Package contains concrete measures to prevent aggressive tax planning, boost tax transparency and create a level playing field for all businesses in the EU.

It will help Member States take strong and coordinated action against tax avoidance and ensure that companies pay tax wherever they make their profits in the EU.

http://ec.europa.eu/taxation_customs/taxation/company_tax/anti_tax_avoidance/index_en.htm

 

Monkeys, Sun and Fish & Chips: The Rock That Fears a `Brexit'

From the sun-scorched tip of Spain, Charles Catania has a message for British voters as they make up their minds whether to remain in the European Union. QUICKTAKE Will Britain Leave the EU? “People in the U.K. need to think of it from our perspective,” said the 62-year old pensioner. “They are an island surrounded by friends. Our situation is different.”

Like two family generations before him, Catania is one of the 33,000 inhabitants of Gibraltar, a British overseas enclave for more than three centuries and disputed by Spain for much of it. Dependent on an open border for trade and labor, few places can be as keen to remain in the European single market as what’s known as the Rock.

Full Article Here (Bloomberg)

Gibraltar Association of Compliance Officers

In partnership with government and local and international professional bodies and associations, the Gibraltar Association of Compliance Officers seeks to promote the exchange of views and the professional development of officers engaged in the performance of a compliance function within the Gibraltar Finance Centre.

Member Benefits

  • Latest compliance laws and regulations updates
  • Certification and training
  • 10% Discount on course and training costs
  • 10% Discount for events and conferences
  • Business Networking in Gibraltar
  • Access to member forums
Apply

Contact Information

(+350) 200 74518

info@gaco.gi

Gibraltar Association of Compliance Officers,

PO Box 1493, Gibraltar