Managers of Wealth Offshore

Canada professionals hit out at stricter voluntary disclosure

The existing VDP is too lax and allows some individuals and companies to avoid paying what they owe.

Cayman still has work to do to satisfy OECD

The lack of a comprehensive system of oversight was identified and a recommendation remains from the first round of reviews in this regard.

'Life-changing consequences:' HMRC warns on risks of hiding wealth offshore in new crackdown

Holding assets offshore is not illegal, as long as all taxable income and gains are declared on a UK tax return.

HMRC winning majority of tax avoidance cases

One of the three cases lost by HMRC concerned Investec

Ireland compliant with new tax rules: OECD

Ireland and Norway only two countries to get top rating on tax and financial transparency

Could Puerto Rico Be the Next Hot Tax Haven?

A loophole may make it a good place for foreigners to keep cash.

Is Italy the newest tax haven for non-doms?

Many long-term UK-resident non-UK domiciled individuals may be wondering where to move to next, now that the government has confirmed that the long-awaited changes to the taxation of non-doms will indeed apply from 6 April 2017. Non-doms who have been UK-

Jersey property companies lose tax residence case

The exclusion from capital gains tax for these vehicles only applies where the vehicle is “centrally managed and controlled” outside the UK (this being the test for UK tax residence).

Fugitive’s trail exposes Red Bull co-owners’ offshore deals

Thai authorities revoked his passport and issued an arrest warrant, but say they don’t know where he is.

South Africa Plans To Scrap Offshore Tax Break For Workers

The new South African proposal will tax all foreign earnings regardless of how long someone works outside the country.

HMRC warns taxpayers over ‘disguised remuneration’ manoeuvre

Ruses to escape crackdown on trust-based tax scheme ‘don’t work’, authority says

SA banks may soon be able to hold onto your money if they suspect you’re dodging taxes

It was also necessary for banks to only use this power if their suspicions in this regard are truly reasonable.

US Think Tank Says Earning Stripping Regs Should Be Retained

The Internal Revenue Service would be allowed to re-characterize certain debt instruments as equity under Section 385 of the Internal Revenue Code.

Banks now collecting information about non-resident customers to hand to tax authorities around the world

Australian residents with bank accounts overseas will need to ensure they are reporting the income from those accounts in their assessable income.

Are you a Taxpayer identified by IRS for not Reporting Offshore Financial Assets?

The US has information exchange agreements with other tax jurisdictions that govern the exchange of information for tax purposes.

Talking Taxes: How to Bring Offshore Profits Home

Explaining the knotty subject of U.S. funds abroad, and efforts to repatriate the money

€16.8 million recovered from Panama Papers, Swiss Leaks

96 individuals or firms undergoing full tax investigation

DNA Edit: Tax evaders fall in line

On top of that, the money parked in Swiss banks came down by 50 per cent in 2016 in the face of a progressive crackdown by the government.

Brazil Says Offshore Assets Amnesty Yielded Billions

The 120-day amnesty had to pay a 15 percent income tax charge.

HMRC’s Trusts Registration Service: Up and running

The question this prompted was, of course, what HMRC meant by the term “UK tax consequence”.