Managers of Wealth Offshore

India, Switzerland Sign Agreement on Tax Information Exchange

Earlier, India had signed a Joint Declaration with Switzerland for the implementation of an automatic exchange of information

Over 2600 bilateral relationships in place for the exchange of CRS information

The implementation of the CRS requires both domestic legislation to ensure that financial institutions correctly identify and report accounts held by non-residents, and an international legal framework for the automatic exchange of CRS information.

BEPS Action 13

Jurisdictions implement final regulations for first filings of CbC Reports, with over 1400 bilateral relationships now in place for the automatic exchange of CbC information

Banks Vie for $200 Billion of Latin American Tax-Amnesty Wealth

Brazilian lenders, benefiting from a deep familiarity with Latin America, are sensing an opportunity as they compete with less-entrenched rivals

Bahamas Signs Multilateral Convention For Mutual Assistance In Tax Matters

The legislative framework for implementation of The Common Reporting Standard was initially put in place by The Bahamas in 2016

Paradise Papers group calls out four Caribbean ‘tax havens’

Aruba was part of the “grey list” that agreed to amend or abolish its “harmful tax regime” by 2018.

Millions of Canadians have pension money offshore — without knowing it

This revelation underscores a delicate quandary

Caribbean Tax Havens Like Barbados Face New Pressure, With Economic Costs

But the Caribbean side of this story is often overlooked amid all the disclosures of hidden money

OECD releases second round of peer reviews on implementation of BEPS

The seven jurisdictions concerned are already working to address most deficiencies identified in their respective reports. The OECD will continue to publish stage 1 peer review reports in accordance with the Action 14 peer review assessment schedule.

CARICOM denounces EU blacklisting of Caribbean countries

This decision by the EU has been based on new and unilaterally-determined criteria

Puerto Rico Suffers From ‘Hypocritical’ Tax Bill, Officials Say

Rossello promises that the plan’s supporters will be singed

Bermuda becomes first UK Overseas Territory to sign landmark agreements with US and UK

The UK agreement also enables automatic reporting of corporate income for UK tax purposes

Finally there! – The UK taxation of foreign domiciles

Although there had been numerous calls for these rules to be delayed given both their complexity and removal from the first 2017 Finance Bill, both the nature and timing of these changes are finally clear

Using tax havens is morally wrong, think most Canadians: survey

The advocacy groups Canadians for Tax Fairness and Leadnow commissioned the survey which also found that 87 per cent of Canadians want the law changed to make tax havens illegal.

Guernsey wants off tax haven blacklists

We are committed to the highest international standards of compliance, tax transparency and neutrality

Bahamas Faces Major Tax, Exchange Control Shake-Up

The Bahamas was also simultaneously pursuing “the next step” of compliance with the OECD’s BEPS initiative

AIB denies providing tax advice to offshore customers

Paradise Papers show bank declined to give the Revenue Commissioners access to data

Overview of tax information exchange in the British Virgin Islands

Failure to comply with an EOI obligation in the BVI may constitute a criminal offence punishable

KPMG revenues grow strongly to record $26.4 billion

KPMG has been recognized as a leader in the drive toward inclusion in the workplace

Switzerland should not act alone against tax havens

The Panama Papers, leaked from the Panamanian law firm Mossack Fonseca and published in April 2016