Managers of Wealth Offshore

EU puts US on the clock for tax blacklist

If the US does not comply with the OECD Common Reporting Standard by June next year it faces being placed on the EU blacklist for non-cooperative jurisdictions, an EU top official has warned.

Beware: executors are liable for inheritance tax

When that person dies, you, as executor, will be expected to deal with their estate, making sure that their will – if they had one – is respected.

Offshore tax measures behind UK evasion spike

HM Revenue and Customs identified a 20% jump in serious tax evasion cases in the past 12 months, according to data obtained by law firm Pinsent Masons.

Two Caribbean Countries Removed from EU Tax Haven Blacklist

“EU experts have assessed those commitments… [and] implementation of their commitments will be carefully monitored by the working group responsible for the listing process (code of conduct group),

Retail millionaire to bankroll hunt for wealthy tax avoiders

For business, reputation is everything. And Britain doesn’t like tax avoiders.

Paraguay joins international efforts against tax evasion and avoidance

The Convention is the key instrument for swift implementation of the Standard for Automatic Exchange of Financial Account Information in Tax Matters.

New tax treaties with Singapore and Switzerland contain BEPS-related measures

The two treaties provide for the following withholding tax rates for source-country taxation on various types of income

OECD peer reviews on BEPS Action 13 Country-by-Country reporting initiative show strong progress for global roll-out in June

The first annual peer review focuses mainly on the domestic legal and administrative framework

Switzerland Is An Ideal Destination For Tax Evasion. Here’s Why

As per these agreements, Swiss banks are obligated to reveal information about U.S. and EU account holders with their respective countries.

‘Monstrous’ offshore bond tax regime ripe for review

The way in which the gains on such policies interact with the tax system is complex, and the OTS believes that this area of savings taxation warrants further review.

Taxman criticised for letting Sackler companies ‘dodge millions in corporation tax’

The Standard contacted HMRC to ask if it had allowed an industrial-scale tax dodge.

Africa still leaking billions through tax evasion

They do this with the help of professional tax experts, hired by banks, financial advisory or asset management companies and firms providing professional services. The service goes by many innocuous names, including transfer pricing.

CRACKDOWN: Offshore hell for Gib’s fiscal fraudsters

The free riding foreigners were said to be living in luxurious residences on the Costa del Sol but were registered on The Rock to avoid paying income and capital gains tax.

Breaking Bad to the Paradise Papers: all you need to know about money laundering

The art of hiding money from the taxman is under threat from laws demanding greater transparency

Bitfinex’s tax warning sparks angry responses

Bitfinex is now requiring users to give their tax information so that it can send it to BVI which will exchange it with your country's tax authorities.

OECD releases decisions on 11 preferential regimes of BEPS Inclusive Framework Members

Four regimes were abolished or amended to remove harmful features (Chile, Malaysia, Turkey and Uruguay).

Switzerland: Living and working in Switzerland 2018: A guide for foreign nationals relocating to Switzerland

Exemptions are applicable for intra company transfers of highly specialised employees or for positions in managerial roles.

Plans to extend offshore tax investigations come under fire

Increase in time limits for assessments is alarming, say accountants

Bahamas To 'Harmonise' Ibcs, Domestic Entities

Describing the EU's 'ring fencing' elimination demands as "an attack on IBCs"

Worrying rise in criminal and civil penalties aimed at advisers

Giving “anything but ‘vanilla’ tax planning is becoming dangerous for advisers”, as they face a rise in civil and criminal penalties aimed preventing tax evasion, James Quarmby, private client partner at Stephenson Harwood has warn