British Virgin Islands: Court Provides Guidance for Appraisers Valuing Shares

bvi

Recently, the BVI Commercial Court issued important guidance to accountancy professionals, BVI companies and their shareholders as to how shares should be valued following a squeeze-out, merger or dissent from other restructuring provisions. This welcome guidance not only means that the process of fixing fair value is more likely to be efficient and conclusive, but […]


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Transfer Pricing

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Over the past 12 months, the transfer pricing environment has undergone a significant change including high-profile developments, such as the introduction of the Organisation of Economic Co-operation and Development’s (OECD) base erosion and profit shifting initiative, which have heavily impacted the transfer pricing arena, providing infinitely more scope for addressing disclosure, intangibles, risk and dispute […]


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European Parliament Agrees Corporate Tax Rulings Inquiry

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On February 12, 2015, Members of the European Parliament (MEPs) voted in favour of setting up a special parliamentary committee following the Luxembourg Leaks scandal last year which revealed how Luxembourg had struck tax deals with individual companies. The committee will look into the advance tax ruling practices, and other similar measures, including unfair tax […]


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Cyprus Removed From Spain’s Blacklist

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Succeeding the entry into force of the double tax agreement between Spain and Cyprus the Spanish Ministry of Finance has announced that Cyprus has been formally removed from the Spanish tax authorities’ blacklist of countries regarded as tax havens along with 14 other territories including Singapore, Andorra, Hong Kong and UAE. Due to the formal […]


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