Managers of Wealth Offshore

Mauritius & P-notes: Any proposed change in rules may spook Dalal Street

Both actions have a sharp, short-lived impact, leaving behind a trail of conspiracy theories.

Demonizing Foreign Investors For The Sins Of U.S. Tax Policy Is As Dangerous As It Is Absurd

The U.S. tax system compels U.S. companies to devote as much attention to tax avoidance

Cyprus's New Package Of Tax Incentives And Technical Amendments

The Cyprus Government has announced a number of proposed tax incentives aimed at encouraging economic activity and attracting inward direct investment.

Guernsey: OECD Backs Guernsey As A Cooperative Jurisdiction

The Organisation for Economic Cooperation and Development - the leading international standards-setter for tax transparency and cooperation - has underlined Guernsey's reputation as a cooperative jurisdiction.

Liechtenstein Disclosure Facility To Close In December

The UK and Liechtenstein have published a Joint Declaration that provides for the early closure of the Liechtenstein Disclosure Facility.

The importance of recording sources of money received from offshore transactions

The risk is that if a taxpayer cannot meet the burden of proof for documenting of a receipt of money or a transaction, the Commissioner successfully argues amounts received can be income.

The future is transparent

As banking secrecy comes to an end, taxpayers with overseas assets should ensure they are on the right side of what can be draconian law.

Bahamas Department of Inland Revenue Introduces Business License Online Registration

The Online Tax Administration System will provide businesses with a simple, user-friendly, online application and payment system.

Turkey, US agree to cooperate against tax evasion

Turkey's tax system draws more than two-thirds of its revenue from indirect taxes

Tax avoidance ‘sham’ defeated in tribunal by HMRC

HM Revenue & Customs has won a legal battle against a £29m offshore tax avoidance scheme where money was supposed to fund research into brain disorders.

Jersey Tax Bulletin July 2015 - Deliotte

Non-UK Domiciliaries and UK Residential Property: Upcoming Changes

Jamaica: FATCA Takes Effect Next Month

This development comes in the wake of the passage yesterday of the Revenue Administration Act with two amendments.

Leading realtor warns against additional real estate tax

Urges incentives to boost jobs, ownership, 3rd pillar of economy

'India Has Shared Protocol to Tackle Black Money Abroad'

The Black Money Act, for the first time, allows levy of tax in India on assets kept abroad.

US authorities investigating Singapore asset manager in offshore tax evasion crackdown, says WSJ

In its online report on Sunday, the Journal said the investigation marks an expansion east of the US crackdown on undeclared offshore accounts that began in Switzerland in 2009.

Liechtenstein Disclosure update - July 2015

No liability for any period before 6 April 1999

New UK offshore tax laws must prove criminal intent - CIOT

The UK government’s plans for a new law to make offshore tax evasion a criminal offence must include a requirement that prosecutors prove criminal intent, according to the Chartered Institute of Taxation.

All Experiencing FATCA and CRS problems?

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Criminal charges loom over facilitating tax evasion

People who evade tax, facilitate or turn a blind eye to tax evasion will now face powerful criminal and civil sanctions under our tough new regime,” he said.

Strict liability offence for offshore tax evasion will apply to all jurisdictions

Under the current law a taxpayer can only be guilty of a criminal offence if HMRC can prove that the failure was deliberate.