Eversheds Sutherland Tax Reform Law Blog
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Senator Levin vs. ITI: A War of Words Over International Tax Reform

Senator Carl Levin (D-Mich.) and a tech industry association are having a heated back-and-forth over Sen. Levin’s proposal for international tax reform. On September 19, 2013, Sen. Levin introduced the Stop Tax Haven Abuse Act, S. 1533, the most recent version of legislation he has introduced multiple times.   According to Sen. Levin’s office, the bill would generate approximately $220...

Tides of Change: British Virgin Islands Releases Action Plan to Prevent Misuse of Legal Persons and Legal Arrangements

On July 5, the British Virgin Islands (BVI) released an action plan aimed at preventing the misuse of its financial system by supporting the development and implementation of international standards against the misuse of legal persons and legal arrangements. The action plan is built on the BVI government’s recognition of the need to build international standards applicable to all...

Tides of Change: Cayman Islands Announces Action Plan to Fight Tax Evasion

On the heels of a pledge made by the leaders of the G-8 to curb cross-border abuses, the Cayman Islands government announced a new action plan on June 18 to fight tax evasion, including renewed scrutiny of (i) the beneficial ownership of companies organized in the Caymans, (ii) the use of bearer shares, and (iii) the financial sector. The Cayman Islands government said in a statement...