08/12/2015
A recent decision from the Supreme Court regarding the UK income tax treatment of a member of a Delaware LLC could have implications for UK trusts with overseas beneficiaries.
08/12/2015
Tax administrations continue to face the challenges of improving their performance while reducing costs, decreasing compliance burdens for taxpayers tackling non-compliance.
08/11/2015
The Bahamas is a well-established, well regulated, fully compliant jurisdiction.
08/11/2015
HMRC have been increasing their focus on offshore and tax structuring arrangements for some time now and there has been a noticeable shift in their approach towards such arrangements.
08/11/2015
The facility is available under the Black Money Act’s compliance window, which ends on 30 September
08/11/2015
Trustee and fiduciary service providers are subject to FATCA compliance requirements
08/11/2015
The South African Institute of Professional Accountants is urging local tax dodgers to come clean in the wake of the HSBC scandal.
08/10/2015
Key point: all qualifying non-residents will have to file a tax return within 30 days of a disposal of a UK residential property
08/10/2015
The OECD has released three new reports to help jurisdictions and financial institutions implement the global Standard for automatic exchange of financial account information
08/10/2015
The Paris-based OECD said last week that many transgressors were facing “the last window of opportunity” to disclose such information.
08/10/2015
In a bid to raise more tax, the UK Summer Budget introduced a number of changes which will significantly impact the offshore world.
08/07/2015
On July 9, 2015, the Parliament voted on the most significant changes in the Cyprus tax system since 2003.
08/07/2015
The bill, expected to go to a Senate vote this month, would allow beneficiaries to come clean on two conditions - that they disclose the origins of the funds and pay a 35 percent penalty
08/07/2015
Sebi seeking to scrutinize Indian funds held abroad; move could put off some banks looking to build India presence
08/07/2015
The timing of the Veja article coincided with the start of a parliamentary investigation into alleged corruption at Brazilian soccer’s governing body that Romario is leading.
08/07/2015
On 16 July 2015, the Government issued four consultation documents on the topic of offshore tax, non-compliance and evasion.
08/07/2015
The new agreement closely follows the 2010 OECD Model Convention, with only minor modifications, and the Protocol to the agreement clarifies the information exchange provisions. Details of the DTA and Protocol are now available, and they are analyzed in t
08/06/2015
Tax evasion by Canadian companies using offshore havens promises to become election issue
08/06/2015
South Africans with unauthorised funds abroad better get their affairs in order because tighter regulation in tax havens will soon become a harsh reality, a tax expert has warned.
08/05/2015
HSBC has been asking all "politically exposed persons" having accounts with the bank to disclose their source of fund and income.