Financial institutions are scrambling for AEoI/CRS compliance as the deadline of the first taxpayers' data exchange hears. Not only institutions, but
With the continuous crackdown on offshore wealth protection, along with the new laws, regulations, and agreements that make wealth protection harder, those who want to protect their hard-earned fortune are running out of options.
Indonesia is set to contest Malaysia's tax haven, Labuan, by establishing its own #tax havens. Perhaps not necessarily rivaling Singapore, in term of service, reputation, and other non technical matters, but it's set to 'steal' a pie of the offshore market in Southeast Asia that's dominated by Singapore.
More countries of the world are rolling out tax amnesties program. Two of the recent countries are Argentina and Indonesia. It seems that there will be more countries that pass tax amnesty laws