Managers of Wealth Offshore

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.

India discusses tax info exchange with global joint task force to plug evasion

Collaboration with JITSIC has been useful for India in its fight against offshore tax evasion.

Tax Briefing – non-dom tax changes update

Those who may be affected by these rules should take advice immediately as their tax position may change significantly and they will not benefit from some of the reliefs available for those becoming deemed domiciled under the long-term non-dom rules.

Donaldson and Crithfield Found Guilty In Foster Dunhill Offshore Insurance Tax Evasion Case

In essence, privately-owned American businesses paid exorbitant premiums for various insurance coverages to an offshore insurance company controlled, taking a deduction against income for the policies, and then the offshore insurance company purchased an

20% of Malta’s GDP

The events of the last 15 months have confirmed my worst forebodings.

Canada proposes closing tax loopholes for country's wealthy

The government is also taking aim at passive investment income.

Non-resident Indians face tough new disclosure rules

To date, only resident Indians have been required to supply any bank account details held outside of India.

Switzerland hosts meeting on tax transparency

The working meeting will allow Switzerland to present its expertise in technical assistance to developing countries.

Guernsey Offshore Tax Bulletin - Deloitte

As part of its long term Digital Strategy and in line with the UK Government’s obligations under the Fourth Money Laundering Directive (4MLD), HM Revenue and Customs (HMRC) is introducing a new Trust Register

International deal designed to expose offshore tax cheats

Canada and dozens of other countries will automatically share banking information of non-residents

Anonymous Nigerians own, operate 200 private jets locally

A handful of rich Nigerians, including religious leaders, have been said to own private jets under such conditions.

ICELAND: Half a Billion Recovered due to Panama Papers

The names of the 376 individuals and entities that The Directorate of Tax Investigations did not investigate were sent to the Directorate of Internal Revenue.

Tax Briefing – Inheritance tax treatment of UK residential property update

The new rules extend the scope of IHT to interests in foreign entities which hold UK residential property, either directly or indirectly.

UK to bring in non-dom reforms ‘as soon as possible’

The UK government has announced it will introduce long-anticipated changes to the rules governing non-UK domiciles “as soon as possible”, after they were postponed earlier this year because of the snap election.

Comment: New Act targets facilitation of tax evasion

The new corporate criminal offence will attach to ‘relevant bodies’, including companies and partnerships, that fail to prevent the facilitation of UK and foreign tax evasion.

Mian Sharif’s wealth multiplied by 4 times in a year

The JIT report observed that his wealth started to increase in late 80’s and early 90’s.

New Money Laundering Legime Introduces Additional Compliance Duties For Pension Scheme Trustees?

There are three key duties which centre on record-keeping, the provision of information to third parties in certain circumstances and submitting information to HM Revenue & Customs for purposes of its register of beneficial ownership.

Swiss, French to resume tax data exchange after resolving concerns

Switzerland was waiting to clarify the situation before exchanging further information.

Indonesia to Look at Money Held in Singapore

The Indonesian Finance Minister estimates that the country's wealth parked overseas amounted to as much as $74.68 billion.

OECD releases the draft contents of the 2017 update to the OECD Model Tax Convention

As part of the 2017 update, a number of changes and additions will also be made to the observations, reservations and positions of OECD member countries and non-member economies.