OTHER THINGS YOU MAY HAVE MISSED – AUGUST 9

Panama Covid-19 update –  581 people arrested in the previous 24 hours for breaking the lockdown curfew, and presumably they don’t have the excuse of others affected by heavy rain and flooding (11 people from one family reportedly died in flooding in Veraguas province).

Meanwhile, with another 841 new cases and another 30 fatalities, the pandemic rumbles on. There are now 25,105 active cases, with 157 people in ICU and 1,484 in other wards. So no sign of any falling away in the statistics although, thankfully, they don’t appear to be shooting up further.

9 August 2020

ISRAELI FRAUDSTER WHO ESCAPE FROM PANAMA PRISON MURDERED IN ECUADOR JAIL

On 9 August, the Times of Israel and others reported that Shy Dahan had a history of multiple allegations of international fraud, had escaped a Panama prison 2 years ago, and was arrested in June on suspicion of peddling fake virus tests. He was found dead in his cell in a prison in Ecuador, apparently the victim of an attack by other inmates. Dahan (aka Alalouf and Golan) had dealt in real estate in Panama City, ran stalls in malls, and had a reputation as a gambler, according to reports. He fled the country to escape charges of fraud but was extradited from Spain to Panama in 2018. He escaped from prison after reportedly bribing officials. He is said to have had a long history of fraud, with a court appearance in London in 2014, charged with fraudulently claiming to be a real estate tycoon with liquid assets of £1 million and after £230,000 of gambling debts in a casino. In 2009, police in Los Angeles issuing a warning to the public about him.

https://www.timesofisrael.com/israeli-said-murdered-in-ecuador-jail-tied-to-ex-leaders-alleged-covid-19-scam/

CYPRUS: FINANCE MINISTER HEADS TO MOSCOW TO TRY AND SAVE DOUBLE TAXATION TREATY

On 9 August, the Cyprus Mail reported that the Finance Minister was leaving for Russia as head of the Cyprus negotiating team to discuss Moscow’s plans to scrap a deal that avoids double taxation in the countries. Russia’s finance ministry has said that it would initiate a process to scrap the DTA with after talks to modify the deal apparently failed, and saying that legal changes will make it more profitable for people to transfer money back to Russia.

https://cyprus-mail.com/2020/08/09/finance-minister-heads-to-moscow-to-try-and-save-double-taxation-treaty/

BREXIT: TRADE SURVEY FORM FOR ISLE OF MAN BUSINESSES

In the Isle of Man, in order to ascertain which locally based traders may be affected by the changes from 1 January, the Customs and Excise Division compiled a survey form seeking to establish which businesses move goods via Northern Ireland and the Republic of Ireland.  Businesses were asked to supply details of the routes used and an indication of the number of shipments made per month.

https://www.gov.im/media/1369874/northern-ireland-movement-information-form.pdf

This form is available on the dedicated “EU Exit” page of the Government website.

https://www.gov.im/categories/tax-vat-and-your-money/customs-and-excise/eu-exit/

UK: TAX INVESTIGATION INTO IMAGE RIGHTS DEALS SEES 246 FOOTBALLERS TARGETED

On 9 August, the Mirror reported that HMRC have put image rights packages under the spotlight because they are used to boost multi-million-pound player contracts, with the extra earnings taxed at a lower rate.

https://www.mirror.co.uk/sport/football/news/tax-investigation-image-rights-deals-22493856

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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