Aviation Finance and International Tax Reform
Game changer, not game over
It is clear that there is strong world-wide support to reform the current global tax system and such changes bring about complexity and uncertainty for all global businesses and industries, including aviation and aviation finance.
Updated guidelines on the establishment and operation of Labuan leasing business
The Labuan Financial Services Authority (“FSA”) have issued updated guidelines on the establishment and operation of a leasing business in Labuan.
EU list of non-cooperative tax jurisdictions.
On the 5th of December the EU published a list of non-cooperative tax jurisdictions. The new list is “part of the EU's work to clamp down on tax evasion and avoidance”.