Managers of Wealth Offshore

Man U’s Alexis Sánchez gets suspended sentence for tax fraud

Sánchez is the latest football player to be targeted for tax evasion by the Spanish authorities, alongside similar efforts by the UK’s HMRC to go after high-profile tax evaders and avoiders.

Tax: transparency is the new norm

The proliferation of new regulations worldwide, combined with deliberate data leaks to the media, has placed ever greater pressure on the global wealth advisory industry.

Jersey fares better on secrecy list

JERSEY has dropped two places to 18th on a ‘financial secrecy’ list of jurisdictions compiled by a pressure group that campaigns for fair taxation and transparency.

Regulations, tax court decision change captive landscape

The initiative, which began in 2012, targets multinational companies that use tax planning strategies that exploit gaps and mismatches in tax rules to shift profits to low or no-tax locations where they have little economic activity

Government crackdown on offshore tax cheats brings in a THIRD of the £1billion expected in the wake of Paradise Papers scandal

Changes included agreements with offshore low-tax havens such as Switzerland

ATP’s tax policy highlights risk to reputation in offshore investments

The paper said 16 out of 17 Danish pension firms it polled invested in countries seen as tax havens.

SA gets lowest score in Africa on global secrecy index

South Africa’s secrecy score is, however, the lowest of the nine African jurisdictions included in the 2018 FSI.

CJP takes suo motu notice of laundered money in Swiss accounts

“The scope of the revised treaty is limited to the transactions that would be carried out from January 2018,”

UK quashes fears of public trust register

The UK Government has confirmed it is opposed to public access to its register of beneficial owners of trusts.

QROPS Transfer Charge Is Opportunistic Tax On Expats

HMRC says since April 2006, the average QROPS transfer has been £93,087.

Korea Tax authority to toughen regulations on offshore tax evasion

If they fail to prove the sources, they should be imposed with additional penalties.

Antigua and Barbuda: Taxes to be harmonised to avoid blacklisting

“They will be asked to address the concerns identified as soon as the situation improves, with a view to resolving them by the end of 2018. By February 2018, they will be contacted to prepare the next steps.”

Barbados signs OECD's Multilateral Convention to Implement Tax Treaty Related Measures

Barbados removed from European Union's Blacklist of non-cooperative tax jurisdictions

Options for non-resident landlords in ‘buy-to-let war’

Expat buy-to-let landlords holding UK property will be hit with a non-resident property owners tax from April 2019. But, is there anything they can do?

Major step forward in international tax co-operation as additional countries sign landmark agreement to strengthen tax treaties

The Convention is the first multilateral treaty of its kind, allowing jurisdictions to integrate results from the OECD/G20 BEPS Project into their existing networks of bilateral tax treaties.

Tax