Jun 02 - King Juan Carlos Abdicates
Spain's King Juan Carlos has announced his abdication this morning. His son Prince Felipe will take over although this will require an amendment to the country’s constitution.
Jun 02 - AmCham Success
Following last week’s AmCham trade mission in Gibraltar, the Government has remarked that the scheme proved a huge success, with upwards of 150 tax exchange agreements with over 80 countries having signed . Excluding overlapping agreements, Gibraltar effectively has tax information exchange arrangements in force with 62 countries and territories.
Gibraltar already actively exchanges tax information with EOI partner countries under the following mechanisms:
1. Bilateral tax information exchange agreements, of which 27 have so far been signed with 22 in force (Gibraltar is awaiting reciprocal notification from the remaining five TIEA partner countries)
2. Directive 2011/16/EU on Administrative Cooperation in the Field of Taxation, which was transposed in Gibraltar’s Income Tax Act 2010 with effect from 1 January 2013, and which covers exchange of tax information with all EU member states.
3. The Multilateral Convention on Mutual Administrative Assistance in Tax Matters - implemented in Gibraltar’s Taxation (Mutual Administrative Assistance) Act 2014 - came into force on 1 March this year. In this respect, Gibraltar invites requests from Convention partner countries for tax information additionally under this third mechanism in force.
Financial Services Minister, Albert Isola emphasised that Gibraltar had made “Huge strides since the time of the publication of the OECD Global Forum’s Phase I Report on Gibraltar in October 2011, jumping from a total of 18 TIEAs at the time, to the current extensive global network
Jun 02 - Drug Awareness Football Tournament
The Royal Gibraltar Police have this week organised an Interschool 5 -a- side football tournament under the Drug Awareness Banner.
Jun 02 - Comparative Religion Talk Next Week
Charles Durante will give a talk on Comparative Religion on Tuesday 10 June at 8:00pm at the John Mackintosh Hall (Charles Hunt Room). The talk will focus on the salient teachings of the five great world religions: Hinduism, Buddhism, Judaism, Islam and Christianity.
