08/04/2015
‘Tax havens will chase out non-compliant taxpayers’
As global efforts to close loopholes intensify.
Tax
08/04/2015
The impact of FATCA in the Philippines
Hiding money overseas to avoid taxes has been the long-established practice of some taxpayers. Offshore tax havens (i.e., countries that have low or no taxes and lack of transparency) still exist, making it possible for individuals to evade taxes by not r
08/04/2015
A Staggering $12Tn In Assets Has Been Lost To Global Offshore Industry
The definition of victory for this paper is to review and improve upon existing estimates of the size, growth and distribution of untaxed private wealth protected and serviced by the global offshore industry.
08/03/2015
Thousands of pieces of Scottish land owned by offshore companies
The islands were recently embroiled in a huge tax evasion scandal
08/03/2015
The Global Forum releases new compliance ratings on tax transparency
The Global Forum on Transparency and Exchange of Information for Tax Purposes published new peer review reports today for 12 countries or jurisdictions, moving further ahead with its goal to implement global standards on transparency and exchange of infor
08/03/2015
Cooperating with Indian authorities on Swiss a/c probe: HSBC
Facing a probe by Indian authorities into accounts held by Indians in Switzerland, global banking giant HSBC on Monday said it is cooperating with the authorities.
08/01/2015
Jersey signs tax agreement with Seychelles
The Government of Jersey has signed a double tax agreement with the Republic of Seychelles.
07/31/2015
NewsAlert: Tackling tax evasion - new measures - July 2015
HMRC has published four consultations – all issued under their ‘offshore evasion strategy’, seeking views on new criminal offences, civil penalties and sanctions aimed at offshore tax evasion.
07/31/2015
A taxing and complex Channel Islands tale
Sark, a picturesque island 80 miles south of England, was until recently the last feudal state in Europe.
07/31/2015
Think FATCA Requirements Only Apply to Foreign Entities? Think Again
Beginning with the 2012 tax year, this reporting is satisfied by filing Form 8938 with the Internal Revenue Service (IRS).
07/31/2015
Mauritius introduces new form for tax residency with more disclosure
FSC verifies these applications and recommends issue of the Mauritius tax residency certificate by the Mauritius revenue authorities.
07/30/2015
CSIRO chief silent on tax haven
CSIRO chief executive Larry Marshall has refused to reveal the beneficiaries behind a Channel Islands trust he filled with technology company shares worth up to $7 million when they were sold in a series of off-market trades.
07/30/2015
Why do off-shore tax havens still exist?
Described by the former British cabinet minister Vince Cable as "sunny places for shady people", tax havens are much maligned.
07/30/2015
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.
07/29/2015
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
07/29/2015
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.
07/27/2015
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.
07/27/2015
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.
07/27/2015
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.
07/27/2015
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.