Managers of Wealth Offshore

Measures to Control the Abuse of Offshore Tax Havens

Cash Booked Offshore for Tax Purposes by U.S. Multinationals Doubled between 2008 and 2014

Leaner, meaner and a darn sight keener – the taxman ups the fight against evasion in 2016 by Mike Down

HMRC has recently been criticised for being too soft on criminal tax investigations. But hold on to your hats because a leaner, meaner taxman is getting ready to take on the serious evaders in 2016…

States of Jersey Common Reporting Standard - Deloitte

Draft Guidance Notes Released

Bar Refaeli arrested in Israel for tax evasion

Bar Refaeli’s lawyers and Tax Authority representatives appeared at the Tel Aviv Magistrates Court today for a hearing on her release under restricting conditions.

India to Sign Agreements With Singapore, UAE and Hong Kong to Get Information on Illegal Bank Accounts

The CBDT spokesperson further revealed that AEOI will help create an environment of transparency between 75 countries that have signed the MCAA

Australia ramps up focus on offshore tax evasion

It has also compiled a list of 100 advisers and promoters operating globally that have a direct link with people who may have evaded taxes.

Common Reporting Standard Enters Into Effect For Investment Funds In The Cayman Islands on 1 January 2016

The Common Reporting Standard (CRS) will impact Cayman Islands domiciled investment funds with effect from 1 January 2016. The CRS framework represents a globally coordinated approach to the disclosure of income earned by individuals and organizations in

Cayman National subsidiaries in US tax evasion probe

The Cayman Reporter reached out to Cayman National Bank President Osmond Williams, who passed all queries to Cayman National CEO and President Stuart J Dack.

Cantillon: Two sides to crack down on corporate tax

Ireland hoping to win business from tax havens but at risk of losing some tax too

A New Tax System For Managed Investment Trusts

The new regime will apply from 1 July 2016, although in certain circumstances a trustee of a managed investment trust can choose to apply the rules prior to this date.

Hervé Falciani: ‘HSBC Switzerland was a Tax Haven in Itself’

HSBC has acknowledged that its Swiss arm was guilty of advising customers on evading tax.

Swiss banks fined for helping U.S. citizens evade taxes

Crédit Agricole, Dreyfus Sons, Baumann avoid criminal charges after hiding assets from IRS

ATO to unveil large business hit list, clamps down on Singapore hubs

The recent Senate inquiry into corporate tax avoidance revealed that a number of companies (such as Google, Apple, Microsoft, BHP Billiton and Rio Tinto) were under ATO audit for using hubs.

Worldwide: Global FATCA: Let's Do It Again

The first reporting cycle for the US Foreign Account Tax Compliance Act was a learning curve for all participants throughout 2015.

China takes important step to boost international co-operation against tax evasion

The G20 Leaders have repeatedly stressed their commitment to automatic exchange of information, most recently at their November meeting in Antalya, Turkey.

Swiss bank hid clients’ assets for tax evasion

Dreyfus avoided US prosecution by agreeing to pay $24.2m and admitting it "did not implement strict enough controls" to ensure that its American clients paid their taxes

Soon, getting black money info from Swiss banks may be easy

Swiss Federal Council has initiated consultation proceedings on the revision of the Tax Administrative Assistance Act

Monaco confirms its commitment to implement Automatic Exchange of Financial Account Information

Many jurisdictions are now updating domestic legislation to ensure that financial institutions report information on financial assets held by non-residents. Financial information will be collected from 1 January 2016 in around 50 jurisdictions, for autom

Policing the tax frontier – family businesses in the firing line?

HMRC have got a predicament on their hands when it comes to policing the boundary between low corporation tax rates, capital gains tax for individuals, and income tax. This continuing trend away from taxing companies and instead taxing individuals means c

Global FATCA: Let's Do It Again

Fifty-three jurisdictions have agreed to automatic ex-change of tax information beginning in 2017, under the OECD's Common Reporting Standard.