Managers of Wealth Offshore

Unsuspecting advisers face £3k HMRC penalty

The tax world is becoming more transparent.

Costa Rica: Tax reform is needed to ensure inclusive growth

OECD Tax Policy Reviews: Costa Rica 2017 provides an in-depth assessment of Costa Rica’s tax system and underlines the key tax policy challenges facing the country.

SA taxpayers with offshore cash, assets given deadline to disclose info

The deadline for the Special Voluntary Disclosure Programme is August 31, 2017.

Would a Territorial Tax System Help Investors?

Total shareholder return likely would rise only slightly if repatriated, foreign-earned profits were no longer taxable in the U.S., a study finds.

CRA getting tougher on tax evasion - Fasken Martineau DuMoulin

The CRA is actively gathering information from domestic and international sources to identify and charge offenders criminally.

Deloitte Channel Islands Tax Bulletin 2017

Guernsey has also released notice 2017/5 which provides further detail on the application of CRS and US FATCA to pensions schemes.

HSBC in Wider ‘Criminal’ Tax Probe on Swiss Private Bank

Most of the tax authority investigations concern HSBC’s Swiss private bank.

Fighting tax evasion will be presidency priority for Austria

Hans Jörg Schelling outlines goals for when European Council role rotates to Austria

How much of the world's wealth is hidden offshore?

Are you bored and confused yet?

US, Turkmenistan ink deal to implement FATCA provisions

The automatic exchange of financial account information for tax purposes has become the global standard in the effort to curtail offshore tax evasion.

The Malta Pension Plan – A Supercharged, Cross-Border Roth IRA

A Roth IRA may be the best vehicle available to achieve these goals.

Panama Papers & Ultimate Beneficial Ownership: One Year On

Improving the transparency of company ownership and control has always been a key element in Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CTF) legislations.

PFIC, CFC and K-1s: US tax implications and reporting requirements with US investors in offshore funds

FATCA has a further complicated the situation, funds now have to either file on behalf of the US investors or at a minimum provide the necessary tax information.

Accountants and planners slammed for ‘offshoring’ client details

The type of work being offshored included everything from administration tasks to detailed financial and accounting work.

Grenfell chief faces questions over her £1m second home linked to tax haven

The firm was owned by a family trust set up by the Kensington and Chelsea council leader’s late father.

The Pitfalls of Streamlined Foreign Account Disclosures

While many taxpayers may believe that their facts fit within the requirements of the streamlined procedures, it is the tax professional’s obligation to caution them on the dangers of trying to shoehorn facts suggesting willfulness into a streamlined

Malta's Favourable Tax Climate and Burgeoning Tourism Sector Attractive to Developers, Says DAMAC's Sajwani

Malta presents an ideal mix of investment benefits that make it a very attractive place for luxury and hospitality developers looking to expand into the EU zone.

Update on the changes to the taxation of non-UK domiciliaries - SMP Partners

The announcement confirms that the draft 2017 Finance Bill "will be introduced as soon as possible after the summer recess".

Italian tax police ask Switzerland for details on 10,000 banking clients

Credit Suisse considers the investigation by the Italian authorities into Credit Suisse's cross-border business as closed.

Barbados Real estate sector could take hit from new taxes

The flip side, he said, was that the burdensome tax could result in existing homes becoming more attractive, although he said it was still a wait-and-see game at this point.