Managers of Wealth Offshore

Taxing business

The Group of 77 developing countries, led by India and China, wants to turn the committee into a more muscular inter-governmental agency that would have a voice in setting tax rules

OECD releases BEPS consultation document on the treaty entitlement of non-CIV funds

Responses are invited to the questions included in a consultation document on issues and suggestions on the tax treaty entitlement of non-CIV (Collective Investment Vehicle) funds.

INDIA: Cleaning up

These funds were channelled through brass-plate companies set up in Mauritius

Russian billionaire transfers holdings back home after offshore tax hike -media

The move was also aimed at forcing Russians to pay more taxes at home, as the country's budget was hit by sanctions and low oil prices, a cornerstone of the country's revenues.

UK dependencies and overseas territories denounced as 'biggest tax haven'

The All-Party Parliamentary Group on responsible tax has been examining the OECD’s BEPS recommendations to the G20. So what was the outcome?

Dutch given details on "hundreds" of taxpayers' Swiss accounts

For hundreds of other Dutch UBS account holders who did not lodge similar appeals, however, their information was already transferred to the Netherlands from Switzerland.

Investors Sweet on Tax Havens

These funds took in $301 billion in net new money last year, bringing their total assets to $4.8 trillion, a 6.5 percent growth rate over 2014.

OECD releases standardised electronic format for the exchange of BEPS Country-by-Country Reports

The Country-by-Country reporting template does not apply to groups with annual consolidated revenue in the immediately preceding fiscal year of less than EUR 750 million.

Jersey seeks removal from Portugal’s ‘tax haven blacklist’

The minister said that through negotiations Jersey had been successfully taken off some of the blacklists and that he hopes the same can be achieved with other EU member states, including Portugal.

Indonesia seeks to curb use of tax havens by companies

Brodjonegoro was quoted by media as saying the tax authority has identified 2,000 SPVs set up by Indonesian firms and 6,000 saving accounts in tax-haven countries.

Uber’s roundabout revenue journey to steer clear of tax

The smartphone app, which has raised more than $7bn (£4.8bn) in funding, and is valued at $62bn, is currently losing money as it ploughs cash into expansion.

Taxman says 'We’re too busy to chase offshore cash': Revenue to miss £1bn evasion target by £780m according to watchdog

The alert was buried in the fine details of the OBR’s 260-page report on last week’s Budget.

Offshore to online: How money was laundered in the past

From investing to businesses to offshore bank accounts, past high profile cases highlight the many ways people hide money obtained illegally

UK Budget 2016 - Swiss highlights by Withers

The run-up to the UK Budget was dominated by rumours of major changes to the taxation of pensions which did not materialise.

KPMG assesses Budget impact on Channel Islands

The legislation will be introduced at report stage and will take effect from the date of introduction

UBS Says European Court to Hear Challenge in French Tax Case

France ordered the bank in July 2014 to post a bond of 1.1 billion euros in connection with the probe. UBS disputed the legal basis for the bail and the method of calculation.

Latin America and the Caribbean: Tax revenues rise slightly but remain well below OECD levels

The average tax-to-GDP ratio for LAC countries rose from 21.5% in 2013 to 21.7% in 2014, compared with 21.4% in 2012 and 20.8% in 2011.

Deloitte Offshore Tax Bulletin

UK Budget 2016

Non-doms handed significant Budget CGT concession

This is a welcome surprise for UK resident non-doms

Tax haven Scotland: Government blocks move to end offshore land ownership

Revelations that Scotland’s largest aristocratic owner, the Duke of Buccleuch, uses a Cayman Islands tax haven firm to control and sell Scottish land gave fresh impetus for action.