Managers of Wealth Offshore

More Zurich tax cheats come clean as data sharing looms

The authorities have been able to handle only about half the cases so far, however, so they expect the sum to rise.

Swiss Court Shields Bank Staff

The case was brought by an unnamed American expat living in Switzerland

EU tax evasion and money laundering rules come into force

The EU’s long anticipated tax cooperation directive (2011/16) has come into full effect

Google's `Dutch Sandwich' shielded $24.5 billion from tax in 2016

The amount of money Google moved through this tax structure in 2016 was 7 per cent higher than the year before

Diary Of An Investor: Paradise lost

This is important to our trustees because a few years ago we signed a deal with PensionKøbenhavn to invest in private markets and real assets.

Claude Baumann: «Why the Paradise Papers Fell Flat»

Not much of that has happened since the trove of documents from Bermuda law firm Appleby was leaked last month.

Global Tax Transparency Impacts the Way Family Offices Approach Jurisdictions

Beyond tax efficiency, assessing the types of holding structures available, services and products that are unique to HNW-families, such as specialized insurance and regulatory regimes all play a part when choosing an offshore jurisdiction.

What Happens When a Spouse Hides Money During a Divorce?

Some well-to-do spouses still engage in complex and expensive schemes in the attempt to keep assets for themselves and out of the pool of community property.

BDO plugs insourcing of financial services

Audit and chartered accounting firm BDO (Trinidad and Tobago) disclosed last week that affiliates in the British Virgin Islands (BVI) and Cayman Islands have been outsourcing to this country

The U.S. is becoming one of the world’s best places to hide money

Shuttering foreign tax shelters only to steal their business is a bad move.

'Orwellian' Offshore Tax Will Hit Some Firms Harder Than Others

Law and advertising firms with overseas offices may also be hit -- as will many U.S. companies that make “excess” profit from foreign plants, equipment and inventory.

Swiss Banks To Begin Collecting Foreign Taxpayer Data

An expanded list of the territories that Switzerland intends to automatically exchange information with from 2019 has been newly published on the State Secretariat for International Finance's website

More than $500 million recovered by tax authorities worldwide following the Panama Papers

This number could keep growing with several countries still conducting audits on the basis of the Panama Papers information.

Why U.S. companies' offshore cash won't rush back home

One widely publicized reason: It sure didn't in 2004, the last time this maneuver was tried.

Bloomberg: ‘Shut Down Havens, Steal Business’

“From a certain perspective, all this might look pretty smart: Shut down foreign tax havens and then steal their business. ”

BEPS Now covering 72 jurisdictions and over 1,100 treaties

The multilateral convention modifies the application of thousands of bilateral tax treaties concluded to eliminate double taxation.

Tax cheats, welcome to America!

The US is already a tax dodger’s paradise and Donald Trump’s new reforms will make it even more so. Germans are justifiably upset.

European Commissioner for Economic and Financial Affairs warns UK against setting itself up as offshore tax haven

EU economic affairs commissioner says UK will never be granted free trade agreement if it seeks offshore tax haven status

Switzerland Consults On Adoption Of BEPS Tax Treaty Changes

The MLI was developed by the OECD under Action 15 of the BEPS project. Countries who have decided to adopt it will transpose BEPS recommendations into their tax treaties.

Malta and tax: high profile and dwindling reputation attracted EU scrutiny

Paul Bonello, of Finco Group, told MaltaToday that Malta’s perceived reputation abroad had been steadily deteriorating in the last years