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Tax

05/09/2017

‘Frustrated’ EU politicians step up pressure on US over Fatca

Members of the European Parliament have asked the European Commission to open talks with the US to make data exchange under the Foreign Account Tax Compliance Act (Fatca) reciprocal.

05/07/2017

OECD launches facility to disclose CRS avoidance schemes

In total, 100 jurisdictions have agreed to start automatically exchanging financial account information in September 2017 and 2018, under the CRS.

05/06/2017

10 Vital Questions to Ask Your QROPS Adviser

As a bit of fun, the questions have been flipped for expats to ask the IFA.

05/05/2017

Revenue claws back €13.6m from offshore income

After an extension, the deadline for taxpayers to make voluntary disclosures passed yesterday. A spokeswoman for Revenue said its helpline had been very busy this week.

05/04/2017

French prosecutors open probe after Le Pen's 'Bahamas bank account' slur against Macron

I have never had accounts in any tax havens whatsoever

05/04/2017

Non-dom art collectors in UK could be hit with new taxes

Even works held and sold abroad could be liable for UK tax

05/04/2017

Spain sets sights on Gibraltar model in Brexit talks

Madrid’s stance comes as the EU hardens its position towards the UK government and tensions grow between Brussels and London.

05/03/2017

Critical Anti-Tax Evasion Legislation Under Attack

The forum could have been an opportunity to spur reasoned debate to address some of the issues raised by FATCA.

05/02/2017

Modi's global black money hunt hits fast lane

India can receive information on bank accounts held by Indians, from 56 nations this year

05/01/2017

US Expats FACE FATCA Tax Filing Dilemma

The IRS would accept three years of filings and tax payments while writing off previous undeclared years and promising no legal action.

04/28/2017

Ireland Yields $8.4 Million From Offshore Tax Evasion Probes

The results from the Revenue’s investigations into offshore assets comes as the tax authority cracks down on tax evasion.

04/28/2017

Labuan IBFC To Introduce Competitive Tax Structure By End-2017

Established in 1990, Labuan IBFC, the marketing arm of Labuan FSA offers attractive tax exemptions under the Labuan Business Activity Tax Act, 1990

04/27/2017

Revenue extends deadline to declare undisclosed offshore assets

Ireland is fighting the case in the General Court of the EU

04/27/2017

Canadian businesses pull money out of tax havens

Increased scrutiny of tax havens brought about by the Panama Papers may have played a role in reducing investment in tax havens.

04/27/2017

Guernsey Offshore Tax Bulletin: April 2017

Revised 2017 UK Finance Bill – deferral of the non-domicile and IHT on UK residential property legislation

04/27/2017

Oecd Chief Tells Bahamas: Act Now To Avoid ‘Blacklist’

If the Bahamas finds itself on such a list, its reputation, integrity and ability to attract financial services business will be threatened

04/27/2017

US moves to tax remittances sent to BVI

"This Bill keeps money in the American economy and, most importantly, it creates a funding stream to build the wall.”

04/25/2017

Some Canadian bank record information being sent directly to IRS

There are entities that do not meet the technical definition of a reporting Canadian financial institution, as per the legislation.

04/24/2017

QROPS Pension Transfers In Limbo Again

There are additional changes planned to the scheduled publication of the QROPS notification list.

04/24/2017

New HMRC Guidance For Taxing Overseas Pensions

The new rules will apply to Section 615 final salary/defined benefit pensions and defined contribution schemes.

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