Managers of Wealth Offshore

New Year, New Penalties

The taxman will also be able to publicly name and shame the enabler.

Win-win way to curb tax evasion

They will then have to report to the Inland Revenue Authority of Singapore the financial account information of account holders who are tax residents of jurisdictions with which Singapore has Competent Authority Agreements

EU Greens claim Malta could be put on tax haven blacklist

However, a new report on Malta’s tax system published by the European Green Party today suggests that, if European countries were also to be screened, Malta could fail to pass the test itself, depending on the interpretation of criteria by the EU.

Konrad Mizzi promises Panama tax audits to be published ‘very soon’

Minister implicated in Panama Papers says audit on his tax affairs to be published soon but refused to give any details or answer questions related to scandal

Panama Papers come back to haunt Iceland politics

The centre-right government in power at the time called for an inquiry into tax havens.

Panama's banking regulator names financial institutions fined for deficiencies

Fines are often regarded as part of the cost of doing business. reforms or changes in the operating procedures of the named banks

Why are Americans Working Abroad Giving Up Citizenship?

For people who want to legally escape U.S. filing requirements, the only way is to formally renounce their U.S. citizenship.

Azerbaijan blacklists four Pacific offshore centres

The other offshore centres include Panama, the Dutch Antilles and the US Virgin Islands.

Kazakhstan, Côte d’Ivoire and Bermuda join the Inclusive Framework on BEPS

The Inclusive Framework on BEPS welcomed Kazakhstan, Côte d’Ivoire and Bermuda

Irish Revenue Advises On Changes To Voluntary Disclosure Regime

Currently, those eligible for a qualifying disclosure face reduced penalties for the underpaid tax

PanamaPapers: Group seeks details of investigation of Saraki, Mark, others

PREMIUM TIMES had reported its findings from a series of investigations, following massive leak of files belonging to Mossack Fonseca, a law firm in Panama, Central America.

FIU blocks US tax evasion

The FIU had also shared information to its foreign counterparts in 38 other instances.

Italy now trying to entice taxpayers to declare hidden cash

Now the state is trying again with a “Voluntary Disclosure 2.0” that got underway at the start of the year.

VAT exemptions for Baha Mar trigger outrage in the Bahamas

It further urged subcontractors, suppliers and service providers to submit invoices for goods or services to recover any VAT already paid.

What does the 'automatic exchange of financial account information' between Australia and Greece mean?

Tony Anamourlis delves into the agreement's impact on dual citizens

St. Lucia wants joint OECS initiative on CIP

He said that there are a number of legitimate reasons why people want a ‘secondary’ passport

Irish tax authorities tighten offshore disclosure regime

Revenue guidance states that where there are liabilities arising within Ireland as well as liabilities relating to offshore matters.

Prominent South Asian Business Family Accused Of Stashing Money In Offshore Tax Havens

Three Canada Revenue Agency offices — in Calgary, Edmonton and Montreal — were sold in 2007 in a controversial sale

UK-Swiss Terminate Savings Tax Deal For Automatic Info Exchange

UK taxpayers will no longer be able to pay a withholding tax to stop their information being shared with HM Revenue and Customs

Revenue battle against tax evasion yields €555m for exchequer

Tax authority says evaders can expect ‘robust response’ in 2017