Managers of Wealth Offshore

Bahamas CIT to unlock $140m revenue stream

The Domestic Minimum Top-up Tax Bill 2024 is in draft form, promising the possibility of adding more than $140 million in new annual revenues to the country’s treasury.

15% Global Minimum Tax Rate: Draft Legislation lodged in Jersey

The draft legislation is expected to be debated in early October, with a view to the new rules coming into effect on 1 January 2025.

Bermuda launches consultation on income tax

The consultation states that a tax collection agency will be established to collect the tax, which will be done digitally.

Wealthy Indians Offshore Property Deals To Be Under The Tax Lens

For the first time, residents are being questioned about property acquisitions in countries that were previously not under the taxman’s radar for realty investments.

Global 15% corporate tax revenue estimates kept under wraps

That upgraded forecast was the foundation for political support which saw the multi-million-pound funding for the new post-16 education campus be approved after the project was initially sidelined.

Bermuda Corporate Income Tax and the Shipping Income Exclusion

These groups are defined as those operating in multiple jurisdictions with consolidated revenues of at least €750 million in two out of the previous four fiscal years.

Shipping and Bermuda’s Corporate Income Tax Act

The clue is in the name but take note of the international nature of the definition.

Super-rich being advised how to avoid Labour tax clampdown, undercover investigation suggests

Wealthy being pitched offshore products said to shelter fortunes from inheritance tax and capital gains tax

Isle of Man accounting firm advising super-rich on tax avoidance, UK newspaper claims

A representative of the company seemingly filmed giving tax avoidance advice to an undercover reporter

The Tax Haven Conundrum

The interesting takeaway is that Bermuda is already breaking ranks by introducing a 15 percent tax rate in 2025

MPs pass tax collection agency legislation

The agency will also be responsible for calculating and collecting the tax and providing support to companies that are liable for the tariff.

New tax agency to have powers to impose fines

Officials will have the power to demand financial information from companies that could be penalised with a $100,000 fine and up to two years’ imprisonment if they fail to co-operate.

Offshore trusts watch for Labour action on tax

Labour had also said existing inheritance tax protection for trusts would go, he said.

Tax officials aiding avoidance, watchdog warns government

Finance Minister Clyde Caruana has long spoken about the need to crack down on tax cheats

HMRC withheld offshore tax avoidance figures for UK’s wealthy during election

This tax gap represents the difference between the amount of tax owed and the amount actually paid.

Grant Thornton manager receives STEP Excellence Award

The STEP Excellence Awards represent the best and the brightest practitioners and celebrate those who have demonstrated excellent performance through their studies.

13 tax-free countries where expats can enjoy no income tax

Income taxes account for around 80 percent of total government revenues in a large majority of the world’s nations.

41 Tax Offshore Taxes Investigation

"The offshore tax evasion method is becoming more intelligent," said Jeong Jae-soo, director of the National Tax Service's investigation bureau.

Jersey Development Company posts a profit of £7.36 million

Tax reform will be an opportunity to redefine Malta’s competitiveness

Technology needs to be at the core of Malta as a financial services jurisdiction