Managers of Wealth Offshore

Barbados-Based Banking Subsidiary Caught up In Canadian Tax Avoidance Case

According to news reports, Loblaw could have to shell out as much as CAD$406 million (US$316 million) if it loses the case.

New Luxembourg-France tax treaty aligned with 2017 OECD model

The new treaty includes the OECD-recommended title and preamble to clarify that the purpose of the treaty is not to create opportunities for nontaxation or reduced taxation through tax avoidance or evasion.

Tax havens prepare to expose corrupt tycoons and oligarchs

The prime minister has promised tougher measures against President Putin’s cronies after the poisoning of the former Russian spy Sergei Skripal and his daughter, Yulia, in Salisbury last month.

HMRC withdraws 6,000 upfront tax notices issued in error

Tax lawyers claim APNs are sent out without due care

British lawyer found guilty in $14m US tax saga

A British lawyer has been convicted of helping a wealthy family hide millions in Swiss bank accounts.

Cayman tax: €510 million budgeted for and €5 million collected

Mr Van Overtveldt believes that the figures are not, of themselves, significantly low.

Bahamas recommended for removal from EU tax blacklist

The Bahamas, along with three other jurisdictions was added to the EU’s controversial blacklist on 13 March.

OECD addresses the misuse of residence/citizenship by investment schemes

The substantial amount of input received in response to the consultation further underlines the importance of the OECD's actions in this field.

Softbank failed to report Bermuda earnings

The US companies had arrangements to divert part of the money they paid for business purposes to their subsidiaries in Bermuda so as to maximise profits, according to the newspaper.

UK government tackles tax avoidance involving profit fragmentation

The schemes involve skilled individuals, for example entertainers or asset managers, whose profits from earnings are moved to an offshore company that is often owned by an offshore trust.

SoftBank fixes tax filings for unreported earnings

The amendments come amid increased scrutiny of the use of tax havens by technology giants such as Google Inc., Apple Inc. and Amazon.com Inc.

Irish angle in audacious $230m Russian tax fraud

Among those who travelled were Artem Kuznetsov, then a lieutenant colonel in the ministry, and Dmitry Klyuev, a convicted fraudster and owner of the Russian bank, Universal Savings Bank.

Undisclosed income in Panama Papers now over Rs 1,000 crore: I-T

The Central Board of Direct Taxes (CBDT) has also informed Das that investigations into the Paradise Papers are at a preliminary stage.

New ITR forms make it difficult to evade tax on HRA: Here's why

The Government's focus on e-assessments is another endeavour to use information technology to effectively assess tax returns and plug tax avoidance.

Overtaxed Saffas flock to Portugal as swallows

Tax-battered wealthy South Africans, hoping to protect their retirement income are retiring to Portugal for six months a year on the country’s Non-Habitual Residence programme, with its attractive 10-year tax break.

Revisiting Panama: Pakistan’s tryst with tax havens

This colossal data leak, the first of its kind, was analysed for a year and compiled into what is now known as the Panama Papers.

Cyprus – UK Double Tax Treaty

The New Treaty updates the one signed by the two countries in June 1974 which came into effect in March 1975

Global Forum issues tax transparency compliance ratings for nine jurisdictions

The Global Forum now includes 150 members on an equal footing

Global network for the automatic exchange of offshore account information continues to grow

Changes reflected in this second edition of the Handbook offer further guidance on the features of the legal framework of the CRS

Pilatus auditor KPMG says it acted professionally in dealings with private bank

Audit firm whose partner also attended Pilatus chairman’s wedding says it has acted professionally and ethically